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Deutsche Bank Says These 3 “Strong Buy” Stocks Are Primed For Growth

We’re in the final lap of 2019, with 2020 in clear sight just ahead, and it’s time to start getting your portfolio ready for the next year. On the international front, where there have been recent worries about slowing growth, there are now some hints of optimism. Deutsche Bank, the German financial giant, pointed out in November that the German economy – Europe’s largest – avoided a technical recession in Q3. This was good news, and is supported by DB’s forecast that Q4 will continue to avoid contraction.Turning closer to home, we find greater optimism in the US. Market conditions …read more […]

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Ad Backlash Creates Peloton Stock Opportunity

Peloton (Nasdaq: PTON) stock is having a long December, but there’s reason to believe maybe next year will be better than the last. The retail and tech stock got hammered for releasing a commercial that supposedly caters to “rich elites” and “the patriarchy.” Then Citron wrote that the brand is massively overvalued.
Could a “bad” television commercial take down a brand beloved by well-to-do fitness buffs the world over? Sure.
Could Peloton stock’s valuation be fundamentally flawed and cause a massive drop in price next year? Without a doubt.
But these things miss the point of the Peloton phenomenon which reminds me quite …read more […]

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3 “Strong Buy” Healthcare Stocks That Can Double in 2020

Unphased by some risk? If the answer is yes, then healthcare stocks might be the way to go. These names tend to be more volatile in nature as a single catalyst like trial data or a verdict from the FDA can either propel shares upward or send them plummeting overnight.While the degree of risk involved can turn-off some potential investors, others are enticed by the possibility of sky-high rewards. Take Agile Therapeutics, for example. Shares popped over 200% after an FDA AdCom voted in favor of Twirla, its contraceptive patch.That being said, when it comes to biotechs it’s important to …read more […]

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Billionaire Pattison Pulls Canfor Bid After Shareholders Balk

(Bloomberg) — Billionaire Jim Pattison scrapped his bid to take Canfor Corp. private after minority shareholders in the Canadian lumber company rejected the offer as too low given the turnaround in the sector.Investors voted 45% in favor of the C$16 a share offer, according to a tally of votes cast Monday, Canfor said in a statement. The buyout required a majority of the minority shareholders. Glen Clark, president of The Jim Pattison Group, said in an interview before the vote that the company had no plans to increase the bid.The Pattison Group, through its subsidiary Great Pacific Capital Corp., launched …read more […]

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Finance's final frontier? British watchdog probes data sharing

Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings, insurance, mortgages, investments, pensions and consumer credit to increase innovation and choice. ‘Open banking’ rules already allow payment companies and other providers to use account data, with customer consent, to offer rival services and has opened the door to payments services for many financial technology or “fintech” firms. The Financial Stability Board, a global regulatory body, has said that Big Tech companies like Google, Alibaba and Facebook could be forced to share data on financial services customers with …read more […]

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Palladium Tops $2,000 as Record-Breaking Rally Boosts Miners

(Bloomberg) — Palladium rose above $2,000 an ounce for the first time, extending a powerful annual advance driven by a sustained global deficit.Palladium has gained 57% this year, with market watchers saying the shortfall will be hard to fill. That’s great news for producers of the metal, used mainly in autocatalysts, which have seen their shares surge.No. 1 miner MMC Norilsk Nickel PJSC has gained 51% in 2019. The effect has been even more dramatic for South African platinum producers, which dig up palladium alongside their primary metal. The FTSE/JSE Africa Platinum Mining Index has tripled this year, the biggest-ever …read more […]

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Analyst: Aurora Cannabis (ACB) Stock Is Worthless

Down more than 52% over the past 52 weeks, could Canadian marijuana giant Aurora Cannabis (ACB) go to… zero?One analyst thinks so. Firm founder Gordon Johnson of GLJ Research announced he was initiating coverage of Aurora Cannabis stock with a “sell” rating. Arguing that “ACB’s equity holds no value,” he predicted Aurora Cannabis stock will become utterly worthless by the end of 2021, and so proceeded to assign a two-year price target of $0. (To watch Johnson’s track record, click here)Whether you’re talking American dollars or Canadian dollars, either way, that’s a pretty bold claim. After all, up until recently …read more […]

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Unilever shares slide after warning of sales miss

In an unscheduled trading update, Anglo-Dutch Unilever also struck a downbeat tone on its prospects for meeting its mid-term target for sales growth of 3-5% next year. “Our full-year underlying sales growth is expected to be in the lower half of the multi-year range,” added Jope, who took on the top job earlier this year. Shares in Unilever were down 5.1% at 1025 GMT, while rival Nestle slipped 1.2%. …read more […]