World News – CA – Cenovus Energy of Canada buys Husky Energy for $ 18 billion

(Reuters) – Canadian oil and gas producer Cenovus Energy Inc will purchase its counterpart Husky Energy Inc in an all-stock transaction valued at C $ 23 6 billion ($ 17 97 billion), including debt, the companies said in a joint statement on Sunday

The deal is the latest sign of consolidation in the energy sector following the collapse in oil prices

Earlier this month, Concho Resources Inc agreed to be acquired by ConocoPhillips for $ 9.7 billion This followed Chevron Corp’s $ 4 billion purchase of Noble Energy

Cenovus’ deal for Husky involves a net transaction value for Husky of approximately CAN $ 3 billion and an enterprise transaction value of approximately CAN $ 10 billion, according to the statement

Husky shareholders will receive 07845 of a Cenovus share and 00651 of a Cenovus share purchase warrant in exchange for each Husky common share, according to the statement

The merged company is expected to generate annual synergies of C $ 1 billion and will operate under the name Cenovus Energy Inc with its headquarters in Alberta, Canada, according to the release

Cenovus CEO Alex Pourbaix will take over as CEO of the merged company with Jeff Hart, currently Husky CFO, becoming CFO

Cenovus said the merged company will be Canada’s third largest producer of oil and natural gas with production of 750,000 barrels of oil equivalent per day of low-cost oil and natural gas

The transaction has been unanimously approved by the boards of directors of Cenovus and Husky and is expected to close in the first quarter of 2021, the companies said

A San Francisco accountant ends every conversation with a client with a discussion of what a Biden administration could mean for portfolios

Buying an electric vehicle can be daunting, but new report shows how profitable the investment can be

While it’s a good idea to go through your portfolio at least quarterly and assess the performance of your stocks, special circumstances require you to do this more scrupulously, and our current pandemic certainly matters.
Markets are in limbo, awaiting another stimulus package after a massive run from late March to September
The biggest winners have been tech stocks, especially biotech and pharmaceutical companies Much of this hype was initially centered on the race for the COVID-19 vaccine But it then spilled over to the entire industry as many companies that were once small underdogs have been headlining with a cureInvestorPlace – Stock Market News, Stock Market Tips & Trading Tips
Healthcare diagnostic, testing and equipment businesses have also started to rise But we’re in a different place now

7 Airline Stocks to Buy on Pelosi Stimulus Hopes

Here are 7 unhealthy biotech stocks to sell before they hit your portfolio:
Galapagos NV (NASDAQ: GLPG)
Heron Therapeutics (NASDAQ: HRTX)
Ionis Pharmaceuticals (NASDAQ: IONS)
REGENXBIO (NASDAQ: RGNX)
Illumina (NASDAQ: ILMN)
Chinese Organic Products (NASDAQ: CBPO)
Ligand Pharmaceuticals (NASDAQ: LGND)
For these biotech stocks, the ardor has cooled Although these stocks are not terrible, it is better to exit stocks before a correction occurs or their momentum slows down further

Unhealthy Biotech Stocks for Sale: Galapagos NV (GLPG)
Source: Jarretera / Shutterstockcom

Based in Belgium, this biotech focuses on small molecule and antibody therapies, aimed at discovering new drug targets
Last summer, Gilead Sciences (NASDAQ: GILD) announced that it was investing around $ 5 billion in the company, which sent the stock flying.
But the pandemic crushed the stock and by the time it started to rise again he was struck by the news that his developing osteoarthritis drug with GILD had failed FDA trials.
Even with the cash injection, this is a costly setback as the company has to spend more on trials that may or may not get their approval. And it pushes back the possible launch date and increases its burn rate
Down 40% since the start of the year, there is even more downside risk

Heron Therapeutics (HRTX)
Source: Shutterstock

While sporting just $ 1.4 billion in market capitalization, this biotech has two recently approved drugs from the FDA (one of which is coming this week)
Both drugs are antiemetics (drugs that reduce nausea and vomiting) to be used in combination with chemotherapy in cancer patients.
But its biggest ace, still in trials in the US and the EU, is a non-addictive, non-opioid pain reliever.
Unfortunately, the opioid epidemic has been supplanted by the pandemic This biotech store has therefore been put on hold

7 Airline Stocks to Buy on Pelosi Stimulus Hopes

Down 34% year-to-date, if the market sells, HRTX goes with it

Ionis Therapeutics (IONS)
Source: Shutterstock

There is a new approach in biotechnology called antisense therapy.It essentially changes pieces of messenger RNA, so when the body builds new DNA strands from that RNA, it can help alleviate certain diseases.
IONS has been involved in antisense therapy since 1989 And it has two drugs available in the US and one in the EU All work to help people with rare diseases better manage their symptoms
The gigantic chemical conglomerate Bayer (OTCMKTS: BAYRY) is a partner and has just taken over the development and production of an IONS coagulation drug
IONS is down 23% year-to-date and there is nothing, good or bad, that is going to move the stock anytime soon

REGENXBIO (RGNX)
Source: Shutterstock

Boasting a market capitalization of $ 1 billion, RGNX has established a number of partnerships with major drug manufacturers to use its gene therapy solutions for a variety of different conditions.
One of the drugs he worked on with Novartis (NYSE: NVS) was lucrative enough that RGNX didn’t have to scavenge money for other projects by issuing more shares Unfortunately, a big payout looming of NVS appears to have been pushed further into the future due to an FDA ruling

7 Airline Stocks to Buy on Pelosi Stimulus Hopes

The stock is down 33% year-to-date, and with no other big news from its partners, it is likely to suspend fire at best

Illumina (ILMN)
Source: Shutterstock

This big gene sequencing company should go gangbusters here And it was going pretty well after the March market dive
But at the end of September, he announced that he would buy out cancer screening startup Grail for $ 8 billion Grail was a division of ILMN a few years ago and it was created by renowned investors Bill Gates. and Jeff Bezos buying
ILMN stock was hammered in during this announcement because many industry analysts could not understand why it is buying Grail, as its flagship puts ILMN in direct competition with some of its other clients who work on similar technologies.
The stock has regained some of this value, but it is still unclear how it will progress with this major target.
Down 4% since the start of the year, there are as many risks as there are promises here, and it’s expensive

Chinese Organic Products (CBPO)
Source: Shutterstock

As the race for a vaccine or a cure for COVID-19 continues around the world, other diseases still require special attention
This is where CBPO ​​comes in. It has a portfolio of plasma-based drugs for the treatment of everything from tetanus and rabies to hepatitis B
The problem is, the pandemic has changed the priorities of patients and healthcare professionals and that means some conditions are not reaching the level of attention they had before the pandemic
This shows in CBPO’s second quarter results Sales were down, while revenue and profits also lagged And profits missed the consensus

7 Airline Stocks to Buy on Pelosi Stimulus Hopes

While the stock is only 2% since the start of the year, it may get stuck here for a while

Ligand Pharmaceuticals (LGND)
Source: Casimiro PT / Shutterstockcom

LGND is a R&D contracting company for biotechnology and pharmaceutical companies It develops drug candidates, then joins forces with a company which will submit it to tests and market it
This means that LGND does not bear the costs and risks associated with bringing a drug to market and that the pharmaceutical company does not have to invest in internal R&D staff and facilities. LGND Makes Its Money Through Negotiated Royalty Payments From Its Partners
Currently LGND receives royalties from 9 different drugs currently on the market But the pandemic has shifted its customer base, placing LGND in a difficult position This is best illustrated by the fact that 63% of its shares are now in short positions The stock is already down 20% since the start of the year
At the date of publication, Louis Navellier does not have any long position in any of the shares in this article Louis Navellier did not (directly or indirectly) have any other positions in the securities mentioned in this article
The InvestorPlace research staff member primarily responsible for this article has not held (neither directly nor indirectly) any positions in any of the securities mentioned in this article.
More from InvestorPlace

Why everyone is investing in 5G, it’s wrong

Top Stock Picker Reveals Next 1000% Winner

Radical new battery could dismantle oil markets

The revolutionary technology behind the deployment of 5G is developed by this 1 company

The post 7 Unhealthy Biotech Stocks To Sell Before They Dry Your Wallet Appeared First On InvestorPlace

Lee Kun-hee, who turned Samsung Electronics into a global powerhouse in smartphones, semiconductors and TVs, died Sunday after spending more than six years in hospital following heart attack , said the company Lee, who was 78, made the Samsung group the largest conglomerate in South Korea and became the richest person in the country. « Lee is such a symbolic figure of South Korea’s dramatic rise and how whose globalization South Korea embraced, that his death will be remembered by so many Koreans, « said Chung Sun-sup, managing director of research firm Chaebulcom

Former Vice President Biden has a detailed proposal to raise taxes for people with taxable income above $ 400,000, essentially targeting the richest 1% President Trump wants to maintain the tax cuts that took effect in 2018, which have largely benefited high earners

Current investor sentiment towards tech stocks is polarizing Investors have a lot to consider with the upcoming elections ahead They also need to consider the overall performance of tech stocks this year and think about how they could see these actions evolve
Factors fueling concern here include the general feeling that Democratic leaders are likely to impose tougher laws on big tech companies. Upcoming regulatory issues along with a sense that tech stocks need a correction characterize the story of the rotation out of tech.
There was already a strong sense from the left that these companies have been too dominant in the US economy, and are undemocratic Recent news in the form of a 449-page congressional report is fueling this fire Experts expect what Democrats are using the results to introduce bills against big tech companies InvestorPlace – Stock News, Stock Tips & Trading Tips
One question to consider is the timing of potential regulation That is, if large cap tech stocks are subject to new regulation, when will this happen? All bills will likely be introduced after the new year and in 2021 if Biden is elected When such bills are passed it is harder to answer This response from a former US Congress employee suggests an average of 263 days and an average of 215 days So any new regulations would likely become law by mid-end of 2021
Aside from the tech giants, it’s also important to answer the question of which tech sectors are expected to do well in an economic recovery.A recovery looks likely to gain momentum upon learning that a vaccine will be available for all Americans by mid-2021
The argument for staying the course
Yes, tech stocks have propelled the markets this year So investors should at least ask themselves if they are overweight Yet investors also need to wonder why so much capital was invested in tech stocks in the first place
Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors remains pro-big tech His bull thesis: “People have to keep in mind that the top five tech companies are making more profit than the whole of Russell 2000 combined, so this is not the Internet bubble  »
Michael Farr, President of Farr, Miller & Washington LLC says fundamentals drive capital into big tech and divestment due to current headwinds would be « a sucker business » »

10 best stocks for 2020: Megatrends supports the year’s biggest winners

With all of that in mind, here are 10 tech stocks to buy for 2021:
Google (NASDAQ: GOOG, NASDAQ: GOOGL)
Microsoft (NASDAQ: MSFT)
Intel (NASDAQ: INTC)
Advanced Micro Peripherals (NASDAQ: AMD)
Facebook (NASDAQ: FB)
Amazon (NASDAQ: AMZN)
Taiwan Semiconductor (NYSE: TSM)
Apple (NASDAQ: AAPL)
Salesforce (NYSE: CRM)
Nvidia (NASDAQ: NVDA)
A quick glance at this list reveals my thesis: major technologies will remain strong in 2021 and semiconductors too.

Tech stocks to buy: Google (GOOG, GOOGL)
Source: rvlsoft / Shutterstockcom

Google isn’t going anywhere anytime soon Before examining the fundamental financial reasons why it should continue to appreciate, let’s consider a negative scenario: Regulatory oversight intensifies after election targeting the Big Four tech companies
First, the timeline means that any potential legislation would be enacted after lengthy court battles. Not only does Google have the resources to fight in court, but it continues to lobby right now The truth is that all the big tech players are moving closer to Democrats and Biden In fact, Google, along with Amazon and Microsoft, is doing among the top five contributors to Biden’s campaign
This is why investors should ultimately have little to fear about securities involving a big technological breakthrough No matter which party is in power And this is why I remain optimistic on all
Google remains at the heart of the internet, newscasting and of course advertising The company is a winning machine and it doesn’t look threatened Third quarter profit estimates are expected to have risen of 1115% when it publishes its income on Oct 29 On an annual basis, EBITDA increased each year from 2016 to 2019, from $ 29 billion to over $ 47 billion
The point here is simple: Other than election headlines and antitrust rhetoric, there isn’t much to back up the idea that Google has tangible problems None of this mentions the other holdings in the Alphabet portfolio. YouTube is a cash cow and the company has a lot of potential for the future with Waymo, among others Not only 2021 should be bright, but also the long term

Microsoft (MSFT)
Source: NYCStock / Shutterstockcom

Microsoft is expected to continue to grow in 2021 if the past is prologue In each of the first halves of the previous 3 years, Microsoft increased its net income from $ 16.57 billion in 2018, to $ 3,924 billion in 2019, to $ 44 billion in 2020
Investors should also consider some trends that will also influence Microsoft’s performance in 2021 Here are a few areas investors should focus on directly from Microsoft’s second quarter earnings report (page 35):
Commercial cloud revenue increased 36% to $ 51.7 billion
24% Office 365 business growth
LinkedIn revenue increased 20%
Server products and cloud services revenue increased 27%, driven by Azure growth of 56%
Azure and the cloud will continue to become more and more important over the next year and in the future Microsoft has shown that it can sell these products and seems to be leading The company continues to sell Office products very well 365 And Microsoft is starting to see returns from its acquisition of LinkedIn All readers who have been on the platform for several years will notice the speed of the transition It seems much more geared towards business goals now than in the past This is evidenced by the rise revenues

5 keys to finding small stocks with 10X potential

Azure and cloud offerings appear to be particularly important for the future of the business as we have seen a change and acceleration in the use of the cloud in the pandemic.

Intel (INTC)
Source: Pavel Kapysh / Shutterstockcom

Intel is still Intel despite the title ink that other chipmakers got in 2020 Earlier this year the company announced that it would delay the release of its 7-nanometer chips Initially, the new chipsets were due to come out end of 2021 They were then pushed back to end 2022, or early 2023 The fear is that this opens the door for other competitors to lead to a weaker 2021
Intel has almost overcome this exact problem in the past The company has experienced delays in releasing its 10nm chips, but has always done well financially Intel should have little trouble overcoming this delay The new Intel Tiger Lake chips compute faster, using less power Demand has been high, with chips to be included in the designs of more than 150 computers And company says Tiger Lake chips are « 24% faster than laptop chip AMD’s Ryzen  »
Intel says these chips are significantly faster than competing chips in several ways and are a leap from the Ice Lake chips they replace With all of these factors in mind, INTC stock is a buy for 2021 As as a legacy player, he should have few problems He should be strong, and while rivals have shown their prowess, Intel is not going anywhere

Advanced Micro Peripherals (AMD)
Source: Joseph GTK / Shutterstockcom

AMD stock has done well in 2020 Stocks have appreciated by around 69% year-to-date and around 170% over 12 months
Recent news, which may soon pay dividends, includes its deal to buy Xilinx (NASDAQ: XLNX) The deal has yet to be finalized, but is in late-stage talks Although the two companies are chipmakers, they operate in disparate parts of the market However, both have been focusing on data centers recently
So the strategy is likely to bolster that effort among others Cowen’s analyst Matthew Ramsay notes that the deal looks attractive with the prospect that it could increase AMD’s profits by 10% to 20% by 2023. , he also notes that substantive concerns are not the end of everything, especially given the effects of the trade war on the semiconductor industry.
AMD Stock Is Not Without Concern Specifically in terms of valuation, there are a few questions AMD stock has a price / earnings ratio of 152x, which is in the tenth lowest of any manufacturer of semiconductors

7 revenue reports to watch for next week

Therefore, it would not be surprising to see sales to record profits or a temporary reversal in market sentiment.Nevertheless, 2021 is looking bright

Facebook (FB)
Source: Chinnapong / Shutterstockcom

Facebook comes out of a September that saw its prices drop by about $ 40 per share The company is an important part of the election conversation and its policies make it a point of conversation, if not derision, and scrutiny. , I think Facebook will remain a top tech value to buy for 2021, regardless of the election outcome
The company is still in the headlines and will continue to be because of its size and influence. And I think the calls to disband Facebook are exaggerated and won’t bear any fruit After all, Zuckerberg has been to Congress and the only thing that has slowed FB’s stock recently has been the novel coronavirus pandemic.
Facebook ad spend is expected to increase through the end of the year We will have a vaccine in 2021 and there will be an economic recovery This will mean more businesses are looking to spend money on Facebook ads to sell their products
The company has also made inroads in its e-commerce store service No one knows how successful this business will be.However, this has long been a concern and something the business lacked Facebook and Instagram users will now be able to s ‘engage in social commerce through Facebook This should be a boon for the business
Instagram Reels also bodes well for the business.Users can now upload videos to the platform, which should increase engagement and broaden the platform’s offerings.

Amazon (AMZN)
Source: Mike Mareen / Shutterstockcom

It’s easy to see why analysts are so positive on AMZN stock The company has performed incredibly well throughout the pandemic Over a longer term like 10 years the gains have been phenomenal Q2 earnings were $ 10.30 per share after what was supposed to be $ 1.48 on consensus This is one of the reasons 42 analysts make a buy, when only 2 think it’s an expectation, and 1 upset brave calls it a sell
All in all, everything is getting better and better for Amazon in broad outline Sales growth has increased by around 30% in each of the last 5 years and beyond In the second quarter, sales in America North have grown, international sales have grown, and AWS sales have grown

10 best stocks for 2020: Megatrends supports the year’s biggest winners

And remember Amazon is one of the biggest contributors to Biden’s campaign.It doesn’t matter so much If Trump wins in November, this company will always be the king of commerce And it’s hard to imagine that Democrats would be willing to dismantle Amazon even if they could Amazon is one of America’s biggest success stories Too bad that wouldn’t exactly be a great way to start a new presidency

Taiwan Semiconductor (TSM)
Source: Miscellaneous Photography / Shutterstockcom

Taiwan Semiconductor has a lot of tailwind which should propel it into next year and beyond On its own merits it is strong These merits combined with its strategic alignment make it very solid The company operates foundries in Taiwan, some- some in China and a few in the US The foundries themselves are the manufacturing hubs from which chips emerge They are also incredibly expensive to build, often running into the billions
TSMC is the largest pure play semiconductor foundry, but lags behind Samsung in terms of production volumes Samsung is a deeply diversified company with companies spanning the industry
TSMC manufactures chips for more than 500 other companies Among them, Apple, Huawei, Sony (NYSE: SNE), Qualcomm (NASDAQ: QCOM) and Broadcom (NASDAQ: AVGO) These chips will be an integral part of the trends that will lead the future, including AI, virtual reality and most advancements in computing TSMC is a Taiwanese company and is at the heart of trade wars All semiconductor manufacturers are under this strain, perhaps no more than TSMC
Company to build foundry in Arizona that will produce 5nm chips by the end of 2023 at the earliest
This agreement signals political allegiance with the US in trade wars and in opposition to Chinese ascendancy in general.However, this is a small development based on the overall foundry footprint for the The move to Arizona likely has a lot to do with the next tech stock to buy for 2021

Apple (AAPL)
Source: Hadrian / Shutterstockcom

There are few signs that Apple will show a slowdown by 2021 It’s another company that seems to win forever The latest big news from the company is about semiconductors, something it wasn’t known for before However, this is something that has long been a source of speculation around the company.
The company now produces its own MacBooks powered by its own chips, not Intel Intel’s move is not on the cards and rumors of a split between the two have persisted for 5 years
The company will unveil its Apple Silicon-powered MacBook on November 17 This release could rank among the company’s other features as it portends a profound shift in the semiconductor landscape Of course, the new MacBook is interesting in itself and could generate significant income for the company

7 cryptocurrencies to stand the test of time

But it marks a potential shift in the semiconductor landscape Investors must now look at Apple from a very different perspective Yes, it still makes iPhones, MacBooks, and all the other things it’s known for But now the company signals their intention to play in this area

Salesforce (CRM)
Source: Bjorn Bakstad / Shutterstockcom

CRM stock since the start of the year has risen by around 55% And since the pandemic trough it’s over 100% These are great signs for investors, but it also poses a question: remains there growth? I think so The company’s presence in the cloud through its cloud-based enterprise software is strong
CRM stock has risen and risen over the past decade Analysts prefer it as a 33-to-4 buy Price targets are well over $ 300, which means a lot of advantages over current prices
The pandemic has set several trends on steroids They’ve grown Working from home won’t move the office, but there will be more and more of them Salesforce is helping businesses manage relationships, which will only make them more valuable

Nvidia (NVDA)
Source: Steve Lagreca / Shutterstockcom

Nvidia is another chipmaker on this list This is because chipmakers aren’t going anywhere NVDA stock may have questionable issues with some of its metrics, but its price is still likely to rise
In 2020, the firm will derive most of its revenue from games and a significant portion of data centers The company sees its growth driven by games, AI, AR / VR and autonomous vehicles Growth rates have been high in these four areas The 3-year CAGR for games, AI, AR / VR and autonomous vehicles was 11%, 53%, 13% and 13%, respectively

5 keys to finding small stocks with 10X potential

The company is also building the world’s fastest supercomputer in Italy Analysts are bullish on NVDA stock, and it should be strong next year
At the date of publication, Alex Sirois did not hold (neither directly nor indirectly) any position in the securities mentioned in this article.
Alex Sirois is an Independent InvestorPlace contributor whose personal equity investing style is focused on long-term, buy-and-hold stock choices that build wealth Having worked in multiple industries, from e-commerce to translating through education and using his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing »
More from InvestorPlace

Why everyone is investing in 5G, it’s wrong

Top Stock Picker Reveals Next 1000% Winner

Radical new battery could dismantle oil markets

The revolutionary technology behind the deployment of 5G is developed by this 1 company

The Top 10 Tech Stocks to Buy Before the 2020 Election post appeared first on InvestorPlace

‘Shark Tank’ star Kevin O’Leary learned something valuable about his employees during the COVID-19 pandemic

The third quarter earnings report (AMD), which is expected to arrive on Tuesday after the closing bell, comes at an interesting time for the semiconductor industry The Wall Street Journal reported that (AMD) (ticker : AMD) was planning to aggressively expand operations with a potential acquisition of (XLNX) (XLNX) Meanwhile, its biggest rival (INTC) has struggled to keep producing the advanced manufacturing technology needed to manufacture high quality semiconductors

: The stock rally could go either way, with leaders like Microsoft and Tesla It’s peak earnings week as Election Day approaches

When GoodRx (NASDAQ: GDRX) stock debuted in September, its price immediately jumped 60%, peaking at $ 57 in early October Regular investors would not have been able to buy stocks at a reasonable value , so I wrote off the GDRX share as « another high-priced 2020 IPO »
Source: IIstudio / Shutterstockcom

Shares, however, have since fallen to a more reasonable $ 52.At this price, it’s time to take a serious look at this game-changing company.
Indeed, in April, the federal agency responsible for Medicare changed its guidelines on telemedicine reimbursements With insurers now required to cover remote medical visits at parity, the floodgates for telehealth companies like GoodRx have finally opened and with its high growth strategy and proven management team, GoodRx is in pole position to become the next Amazon in healthcare InvestorPlace – Stock news, Stock market tips & Trading tips
GoodRx Stock: from pharmacy to telehealth
As I have already pointed out, investments with a potential return of 1000% require three key elements:
A growing market
A proven product or management team
A catalyst that tells us « why now? »
The fourth qualification – price – is also essential, but depends more on the size of the market
Miss one of these and you end up with 1) a well-run but slow growing business or 2) a business with high potential that is getting nowhere
Fortunately for investors, GoodRx achieves all three qualifications for a 1000% return The company was founded in 2011 by former engineers at Facebook (NASDAQ: FB), and its flagship product, a prescription price comparison tool. online, already has nearly 5 million monthly users The company is very profitable and its telehealth market opened at the right time in history

7 Airline Stocks to Buy on Pelosi Stimulus Hopes

So, for those who are fed up with the costly and losing IPOs, here’s why the GoodRx stock is different.
Reason no 1: CMS gives GoodRx Stock a real catalyst
With new technologies, people should always ask themselves, « Why now? »
This is because innovations often need the right environment to thrive Video-sharing sites like ShareYourWorldcom (founded in 1997) would not have worked until the advent of high-speed broadband in the mid-2000s.
And in medicine, mail-order pharmacies and telehealth companies have been around for years Pharmacy Benefit Management (PBM) Catamaran owned a large mail-service pharmacy, which UnitedHealth (NYSE: UNH) eventually purchased in 2015. for $ 12 8 billion Teladoc (NYSE: TDOC), a telemedicine company, has been around since 2002 Yet telehealth still only accounts for 5% of the healthcare market
And this is why catalysts are so crucial for high growth companies like GoodRx

Covid-19 creates a catalyst
In April, the Centers for Medicare & Medicaid Services (CMS) created a wave of new reimbursement regulations to allow doctors and patients to stay at home Under Section 1135 waivers, health care providers can now provide virtually any non-physical service online This includes everything from new patient visits to wheelchair management training
And where Medicare goes, the rest of the insurance follows
As private insurers revamp their billing practices to reflect Medicare, investors should expect supply and demand for telehealth drugs to skyrocket And that’s where GoodRx comes in
Reason no 2: GoodRx and a growing market
Today GoodRx is making money through its prescription drug price comparison website Users can search for the cheapest drug suppliers, and GoodRx gets a commission from PBMs for referral It’s a business hugely lucrative (which allows the company to achieve 36% margins in 2019) and growing revenues of 50% per year Regardless, GoodRx could be worth $ 20 billion in this space
Then something even more interesting happened In April 2019 the company acquired the telehealth company HeyDoctor and in March 2020 it launched the GoodRx Telehealth marketplace.
These additions couldn’t have come at a better time In 2018, Americans spent $ 335 billion on prescription drugs, according to the CMS And much of it is still covered by insurance, reducing the usefulness of the GoodRx’s price comparison tool on the other hand, medical services brought in $ 564 billion making it a much larger market for telehealth and that does not include possible telehealth applications, healthcare home health care ($ 102 billion in annual spending), other personal care ($ 552 billion) or nursing ($ 168 billion)
If GoodRx can turn its highly effective marketing funnel to acquire telehealth customers, the business could grow into multiples of its current value
Reason no 3: solid product, solid management
The numbers paint a flattering picture of e-health business GoodRx has been profitable since 2016, an impressive feat for a fast-growing software company It has consistently kept R&D and administrative expenses under control, using just 37% of the figure overheads And its stock compensation of just $ 3.7 million in 2019 also indicates a focus on shareholder value The recent IPO of Snowflake (NYSE: SNOW), by comparison, awarded $ 78 million in compensation in shares in 2020, when they generated only 68% of the turnover and negative profits of GoodRx
And what about its actual product? App Reviews Overwhelmingly Positive, With Users Applauding Company For Savings In Prescription Drugs GoodRx Needs Great Customer Experiences To Maintain Its Referral Pipeline

What is the value of GoodRx shares?
Here’s where investors should rightly be concerned The company’s monthly user count jumped from 5 million in March to 42 million in April when the coronavirus pandemic took hold Although users have steadily climbed back to $ 49 million is a reminder that GoodRx must fight for loyal customers (Mail order pharmacies, on the other hand, generate endless revenue streams from chronic prescriptions)
There are other concerns, too: Single-payer healthcare reform could instantly sink the GoodRx pharmacy franchise – users would no longer have a reason to compare drug prices A stronger competitor could also do derail the growth of the online healthcare business
And that makes GoodRx hard to value A traditional two-step DCF model that brings revenue to $ 9 billion by 2030 sets the company’s value at $ 34 billion, or $ 92 per share That’s an 84% advantage.However, increasing the discount rate (a measure of risk) to 11% drops the enterprise fair value to $ 20.2 billion, or $ 52 per share
A more aggressive approach could use a venture capital (VC) method of sizing the market It is less precise but gives better insight into untapped markets Analysts expect the global telehealth industry to grow 234% per year until 2026 Suppose we assume that US telehealth grows faster at 55% (thanks to CMS rule change) This suggests a market of $ 142 billion by 2026, or 25% of total health expenditure If GoodRx receives a take rate of 12% and obtains a market share of 30%, it would earn $ 5 billion from telehealth revenues alone The addition of an additional $ 4 billion from health services drug store and a price-to-sell multiple (PS) of 8x puts a value of $ 72 8 billion, or nearly $ 200 per share
All of this means GoodRx still has a lot to prove Even if it hits the three points of the ‘high growth’ company, we won’t know for years whether this is the next successful Amazon or the next failing Overstock (NASDAQ: OSTK) But until then it might be worth making a small bet Because in the high growth investing world, it only takes one winner to make your portfolio shine.
As of the publication date, Tom Yeung does not hold (neither directly nor indirectly) any position in the securities mentioned in this article.
Tom Yeung, CFA, is a Registered Investment Advisor whose mission is to bring simplicity to the world of investing
More from InvestorPlace

Why everyone is investing in 5G, it’s wrong

Top Stock Picker Reveals Next 1000% Winner

Radical new battery could dismantle oil markets

The revolutionary technology behind the deployment of 5G is developed by this 1 company

The message Why GoodRx Stock Is Now a Screaming ‘BUY’ appeared first on InvestorPlace

Hardware becomes software, so investors get rid of hardware At the same time, software is moving to the cloud world These trends are undeniably shaping which tech stocks you should buy
Today, most computer chip companies are « non-manufacturing » based not on manufacturing but on designs written in software That is why Nvidia (NASDAQ: NVDA) is worth more than Intel today (NASDAQ: INTC)
At the same time, open source software is replacing proprietary software, especially in the clouds, where the money is made This is why Facebook (NASDAQ: FB) is worth more than Oracle (NYSE: ORCL) InvestorPlace – Stock news , & stock market tips Trading tips
What does this mean for companies that manufacture computer hardware? It means they have to find new avenues to profit And it also means software names are the best tech stocks to buy
The biggest hardware makers are aware of this The hope that investors have for them is that they can execute and come back to the forefront Until they do, however, their growth and valuations will lag behind. of the market

7 Airline Stocks to Buy on Pelosi Stimulus Hopes

For now, keep an eye out for these six tech stocks as they pivot into the software world:
International office machines (NYSE: IBM)
Dell Technologies (NYSE: DELL)
Cisco Systems (NASDAQ: CSCO)
Nokia (NYSE: NOK)
Ericsson (NASDAQ: ERIC)
Workhorse (NASDAQ: WKHS)

Technology stocks: International office machines (IBM)
Source: JHVEPhoto / Shutterstockcom

Former IBM CEO Virginia Rometty Missed the Cloud Under his leadership IBM went from being the undisputed technology leader in the world to being a laggard Facebook is now worth more than six times as much
IBM admitted mistake Rometty handed over the chairmanship of CEO in April to Arvind Krishna, who ran its cloud operations He appointed Jim Whitehurst of Red Hat, the world’s leading open source company, as chairman
Since Krishna took over, however, IBM’s stock has barely budged.Despite the cloud experience of its new leaders, IBM remains a hardware company Its main profit center remains its Z series mainframes and the proprietary software that runs on them After releasing new versions in the second quarter, system sales jumped 69% year over year to $ 1.9 billion, and profits grew 43%
But this profit center has been treated dry Getting rid of older workers just emptied its talent pool and put it in front of the government
It will take delicate financial engineering for IBM to find the cash flow it needs to be competitive.It could sell the hardware units to private equity, divest Red Hat, or turn its cloud operations into a REIT, as companies like Equinix have done. (NASDAQ: EQIX)
For now, IBM says it’s focusing on “hybrid cloud.” Here, companies keep their own data centers built to cloud standards, and then arbitrate larger public clouds like Amazon’s (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) It is also pushing its quantum computing efforts, although they do not contribute to profit for years

Dell Technologies (DELL)
Source: Jonathan Weiss / Shutterstockcom

Dell Technologies is even bigger than international professional machines and even more undervalued
The story begins in 2016, when Dell bought EMC, which controlled VMware (NYSE: VMW), for $ 67 billion. Four years later, $ 45 billion in debt remains on Dell’s books. This means that « value of Dell’s business’, including its debt, is $ 95 billion The same calculation, applied to IBM, leads to an enterprise value of $ 165 billion, on revenue of $ 77 billion
IBM’s VMware and Red Hat are valuable because they offer virtualization and other cloud infrastructure software This is the type of franchise that the market often values ​​at 10 times its revenue VMware has a revenue of approximately $ 11 billion for its fiscal year 2020
Here’s the Problem Due to the funky corporate structure, it’s hard to value Dell What is it really worth without its massive stake in VMware?
The answer is to break Dell again Analysts think the two companies deserve more to be separated Dell posted net income of $ 4 for fiscal 2020 6 billion VMware could be worth between $ 15 and $ 20 per share more, or nearly $ 10 billion VMware CEO Pat Gelsinger says VMware could partner with more hardware vendors if it were independent
The sale of VMware would also provide Dell with enough liquidity to repay its debt and compete more closely with Hewlett Packard Enterprise (NYSE: HPE) HPE is currently killing it in “hyperconverged” hardware, a key data center market, and now compare it in terms of server market share
A spin-off is planned, with Dell and Silver Lake, a hedge fund partner, retaining a majority stake The big problem? This decision will not make it possible to raise liquidity to repay the debt In addition, the split would not occur until September 2021
Even so, analysts are calling it a big win that will unlock Dell’s value in hardware, where many of its products are seen as leaders Take it all together, and a patient investor should buy Dell here But you buy financial engineering, not the real one

Technology stocks: Cisco (CSCO)
Source: Miscellaneous Photography / Shutterstockcom

Cisco Systems has been adrift since Chuck Robbins became CEO in 2015
Robbins’ strategy has been to shift Cisco’s revenue from expensive network equipment to software subscriptions It’s not working Revenue today is the same as in 2016 Profits have been uneven Yet the low price of the stock prompted analysts to beat the table for it, calling it cheap and undervalued
But that’s not the way tech stocks work When a business stops growing, it starts to die Small cut tells sharks to feed
Cisco has made half a dozen security acquisitions since Robbins’ takeover and 11 acquisitions since early 2019 But that doesn’t solve the problem Cisco software bugs are on the rise Some key products impact like its switches top of the line
BabbleLabs is one of those recent offerings, bought to enhance its video conferencing experience But that only highlights Cisco’s weakness Cisco virtually invented video conferencing But when the pandemic struck, Zoom Video (NASDAQ: ZM) became a verb Cisco is now only worth 15% more than Zoom, which went public in April 2019 and covers only one of Cisco’s product niches
Competitors can smell blood in the water Hewlett Packard Enterprise has completed its acquisition of Silver Peak, a software-defined networking company that will be part of its Aruba unit The move accelerates the shift from networking to ‘a product to a service This increases the pressure on Cisco

Nokia (NOK)
Source: RistoH / Shutterstockcom

The switch from hardware to software and the switch from software to open source have also hit the telecommunications equipment market hard.
Nokia lost its niche in cellphones, bought in the equipment market and now sees its lead threatened
Part of the threat comes from China’s Huawei, which can manufacture equipment inexpensively and, as a result, is breaking into the carrier market. Nokia’s response is to support OpenRAN, a common set of interfaces for radio access networks
Nokia mainly uses OpenRAN support to compete with Huawei and its Scandinavian rival Ericsson It indicates that a full set of OpenRAN interfaces will be available next year
The hope now is that small OpenRAN companies can be bought out or that parts of emerging standards can be retained This would allow Nokia to limit competition while claiming openness A short price war, initiated by the biggest suppliers, Folks at OpenRAN could end quickly, analysts say
But there is another threat
Microsoft has already bought Affirmed Networks and Metaswitch, which makes its offer for an OpenRAN company likely Facebook is supporting the Telecom Infra project, the consortium that created OpenRAN The Open Source, in other words, is coming
Will Nokia be able to play a major role among tech stocks?

Technology stocks: Ericsson (ERIC)
Source: rafapress / Shutterstockcom

As Nokia beat the drums for OpenRAN, rival Ericsson dismissed the threat
Ericsson copies the strategy of Qualcomm (NASDAQ: QCOM), which owns patents, copyrights and trademarks so that all modem buyers take their licenses Above all, these licenses come at a cost that makes competitors uncompetitive But Qualcomm fought a bitter five-year legal war on three continents to achieve dominance Ericsson lacks this time, and lacks this money
Ericsson insists that OpenRAN has security concerns It has already made its own equipment fully compliant with existing security and encryption standards It has introduced a firewall built into the core of packets to further strengthen security This also increases its exclusive advantage
What could settle the dispute between open source and the owner would be for Ericsson to buy Nokia
Rumors of such a deal circulated in February President Donald Trump called for more control over the 5G equipment market, even suggesting that Cisco Systems should buy one of the two Scandinavian companies
All of this leads to a new technology, Cloud RAN This idea is expected to dominate the new, rapidly growing managed services market What is it? The idea is to make the radio networks work according to what are called « cloud principles » Ericsson is already pushing its own proprietary framework for this « journey »

Workhorse (WKHS)
Source: rblfmr / Shutterstockcom

Tesla (NASDAQ: TSLA) has become the world’s most valuable automaker by proving that cars are technology, not manufacturing
This has sparked interest from other electric car companies like Workhorse
Since the end of June, WKHS shares have skyrocketed Why? The reason is a US Postal Service Contract, which Workhorse has yet to win, for 140,000 electric mail trucks Workhorse is one of three finalists Its C1000 design features a lightweight body with 1,000 cubic feet of storage and a short range which recharges during the night
There’s more than hype here Workhorse’s first vans have traveled 85 million miles It’s been in that niche for a decade The problem is, its batteries are not yet competitive with gasoline engines At the current price at $ 300 per kilowatt hour, a battery-powered van costs $ 30,000 to manufacture
If Workhorse wins the postal deal, and if other last mile companies follow suit, WKHS action will be a big winner
But that’s a lot of if That makes Workhorse less of an investment than a speculation Don’t bet money on that stock you can’t afford to lose
There is reason to speculate It is likely that in the next decade, electric vehicles will gain the upper hand in the market It is likely that in last mile delivery, with a limited number of players, this could be produce quickly Large-scale contracts are always valuable and often profitable
But there’s a lot of wishful thinking going on here. If the niche that Workhorse is focusing on reveals itself, why isn’t Tesla taking it?
At the time of publication, Dana Blankenhorn held long positions in AMZN, NVDA and MSFT
Dana Blankenhorn has been a financial and technology journalist since 1978 Her latest book is Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, essays on the technology available in the Amazon Kindle store Follow him on Twitter at @danablankenhorn
More from InvestorPlace

Why everyone is investing in 5G, it’s wrong

Top Stock Picker Reveals Next 1000% Winner

Radical new battery could dismantle oil markets

The revolutionary technology behind the deployment of 5G is developed by this 1 company

The 6 tech stocks post that every investor should watch out for appeared first on InvestorPlace

President Trump called his audit « very routine », but legal experts say it is quite unusual

This week’s major earnings and economic data reports will mostly take place later in the week, with the majority of FAANG shares reporting after market close on Thursday

The utilities sector includes businesses that provide essential products and services including water, electricity, natural gas, wastewater and other services Sustained demand for these services has helped stocks of public services to generate stable profits
Due to the reliability of earnings, these companies can effectively pay dividends at significantly higher average returns Therefore, the unparalleled combination of income generation and profitability makes utility stocks a great low risk option for investors.
This year, utilities stocks represented by the Utilities Select Sector SPDR ETF (NYSEARCA: XLU) have underperformed the market as a whole The S&P 500 index is up 6% year-to-date, while the ETF Utilities has fallen almost 2% InvestorPlace – Stock news, Stock market tips & Trading tips
7 Airline Stocks to Buy on Pelosi Stimulus Hopes
Tech stocks have dominated the roost this year, but the importance of utility stocks in a well-balanced portfolio also cannot be denied.So, let’s take a look at three utility stocks that have remained resilient despite the effects of the pandemic.
American Water Works (NYSE: AWK)
AES Corporation (NYSE: AES)
NextEra Energy (NYSE: NEE)

Utility Inventories: American Water Works (AWK)
Source: Shutterstock

American Water Works provides regulated water and wastewater services to homeowners and the military It is currently the largest water and wastewater utility company in the US
In addition, it also makes money using specific market-based activities It has remained resilient in the face of the pandemic, as AWK’s stock has increased 137% compared to the S&P 500
It recently released its strong second quarter results Earnings per share (EPS) for the six-month period ended June 30 was $ 1.65, about 58% over the previous year period Income from its regulated operations s ‘is $ 177 million, compared to $ 156 million in the same period last year
In addition, revenues from market activities also increased by $ 2 million Despite the slowdown in water consumption in the country, the increase in prices helped to offset the impact of revenues
In addition, the directors announced a quarterly cash dividend payment of 55 cents per share.So, the dividend growth rate for the past year for the company is about 10% American Water Works plans to increase its EPS and its dividends at a compound annual growth rate (CAGR) between 7% and 10% from 2019 to 2024

NextEra Energy (NEE)
Source: madamF / Shutterstockcom

NextEra Energy is the most valuable energy company by market capitalization in the US It operates regulated electric utilities in Florida and an unregulated energy company operating natural gas and renewable energy projects
In addition, it has one of the strongest financial profiles in the industry, with the highest credit scores among companies of this type. NEE’s 12-month return versus S&P 500 is healthy at 193%
The company announced its second quarter results in July, which were weighed down by the pandemic Adjusted EPS for the quarter was $ 2,61, beating expectations by 44% However, revenue fell 154% Revenue from all of its segments are lower than consensus estimates Nonetheless, the company’s profits are expected to grow at a CAGR of 6% to 8% per year through 2021
7 Airline Stocks to Buy on Pelosi Stimulus Hopes
Its financial strength continues to impress as cash and cash equivalents grew 268% crossing the billion dollar mark.In addition, the company plans to increase its dividend by around 10% per year through 2022

AES Corporation (AES)
Source: zhao jiankang / Shutterstockcom

AES is one of the largest electric utility companies in the US operating in several countries It has one of the most diverse portfolios of electricity distribution and generation companies
In addition, it is among the leading electric utility companies leading the charge towards renewables.The 12-month return of AES stock to the S&P 500 is at a solid 109%
The pandemic weighed on the company’s second quarter results Adjusted EPS was down 38% to 25 cents as revenues fell 113% Despite the slowdown, management believes market demand is better than its expectations and that the collections are in line with historical levels The company forecasts an average growth rate of 7% to 9% for its activity until 2022
AES is betting heavily on the green revolution and hopes to generate less than 10% of its electricity from coal by 2030 It aggressively abandons its coal-fired plants and remains focused on increasing its renewable plants
At the time of publication, Muslim Farooque did not hold (neither directly nor indirectly) any position in the securities mentioned in this article.
More from InvestorPlace

Why everyone is investing in 5G, it’s wrong

Top Stock Picker Reveals Next 1000% Winner

Radical new battery could dismantle oil markets

The revolutionary technology behind the deployment of 5G is developed by this 1 company

Post 3 Utility Shares with Proven Gains Appeared First on InvestorPlace

With the pedal to the metal, EV stocks show no signs of slowing In fact, most could see a lot more benefits, including Tesla (NASDAQ: TSLA), Nio (NYSE: NIO), and more in particular, Workhorse Group (NASDAQ: WKHS) and WKHS stock
Source: Photo by WorkHorsecom

The last time I weighed in on the stock I said, « While stocks don’t explode overnight, I firmly believe they could double. I said the same as the stock traded at $ 17.03 before it hit nearly $ 31 a share  »
Granted, the stock recently pulled out after the US Postal Service delayed its contractual decision, but there are still opportunities here.Remember that just because the contract was delayed does not mean that Workhorse Group is out of service InvestorPlace – Stock market news, Stock market advice & Trading advice
WKHS share could rise further again in anticipation of upcoming decision
7 Airline Stocks to Buy on Pelosi Stimulus Hopes
After all, the Postal Service is still in desperate need of modernizing its old fleet of vehicles And Workhorse Group is still on the line From there, I firmly believe that WKHS stock could soon return to nearly $ 31 per share.
Workhorse could see all or part of the USPS price
I also wouldn’t be too tired of the recent downgrade of Craig Irwin from Roth Capital.He recently downgraded WKHS stock from a buy to a take, with a target reduced to $ 27 Although the contract was delayed, he this is a temporary setback
The weakness of the stock is a buying opportunity, in my opinion
And of course, according to the Postal Service, as Barron’s stated, « Due to the current Covid-19 pandemic and its impact on the Postal Service and supplier operations, a reward is currently being planned for the phase of. production by the end of the calendar year  »
But, as Barron contributor Al Root noted, “The potential addition of an ‘s’ to the award is important It raises the possibility of multiple winners It’s good for Workhorse’s business, because it increases the chances of success  »
In addition, while it is not certain that Workhorse will win the postal service contract, investors can still make money on the stock on the forward momentum For example, buy now and just wait until the momentum. momentum develops before the contract date
Electric vehicle arrow shows no sign of slowing down
Tesla just squandered profits on water, with hopes of selling half a million electric vehicles this year EPS of 76 cents was well above expectations for 57 cents Revenue of $ 8 77 billion was above estimate for $ 8 36 billion This only creates even more excitement for EV stocks
By helping, General Motors (NYSE: GM) just announced it would invest $ 2.2 billion in US manufacturing to increase production of Better EVs, governments around the world are forcing millions of people to buy electric vehicles In the US for example, California Gov Gavin Newsom signed an executive order that will ban the sale of gasoline-powered passenger cars in the state from 2035 It’s extra fuel for the electric vehicle boom
In short, the electric vehicle boom is only just getting started With it we could easily see further rise in related stocks such as Workhorse Group This is another reason to buy WKSH stocks when weak

Most analysts still seem to like WKHS stock
In the past month, Oppenheimer analyst Colin Rusch said WKHS stock was a leader in last mile deliveries It has a target price of $ 23
And, as I noted on September 25, “Jeffrey Osborne, Analyst at Cowen, is impressed with WKHS action
“The [second half] production ramp remains on track and management continues to target [manufacturing] 300 [to] 400 vehicles by year end. After a few tough quarters, we see greener pastures ahead  »
Even though I don’t expect the stock to explode overnight, I still think we might see a review soon $ 31 Postal service contract is still on the table It was only delayed, not canceled Use a weakness recent as a buying opportunity
At the date of publication, Ian Cooper did not hold (neither directly nor indirectly) any positions in the securities mentioned in this article.
Ian Cooper, an InvestorPlacecom contributor, has been analyzing stocks and options for online reviews since 1999 At the time of this writing, Ian Cooper does not hold a position in any of the aforementioned securities
More from InvestorPlace

Why everyone is investing in 5G, it’s wrong

Top Stock Picker Reveals Next 1000% Winner

Radical new battery could dismantle oil markets

The revolutionary technology behind the deployment of 5G is developed by this 1 company

The Workhorse Group post is a purchase even with the USPS contract deadline appeared first on InvestorPlace

Dutch pension giant PGGM doubled its investment in PayPal shares and bought Cisco and Activision shares in the third quarter It cut Qualcomm’s stock

Mortgage rates hit another historic low during the week ending October 22 Expect COVID-19 and US policy to continue to influence into the week

Dad was thrifty enough to retire in his 50s Mum’s nest egg was mostly retirement accounts and index funds Now they buy and sell stocks looking for quick profits

Apple’s iPhone event (NASDAQ: AAPL) on October 13 made many investors more interested in stocks of companies involved in the 5G space Such a name is Nokia stock
Source: RistoH / Shutterstockcom

Recent research by Nokia and Nokia Bell Labs determined that « 5G-enabled industries have the potential to add $ 8 trillion to global GDP by 2030, as COVID-19 accelerates digital investments in the medium to long term and value creation… Companies at an advanced level of 5G adoption was the only group to experience a net increase in productivity (10%) as a result of COVID-19, and the only group able to maintain or to increase customer engagement during the pandemic  »
The report continues: “In 8 economies – Australia, Germany, Finland, Japan, Saudi Arabia, South Korea, UK and US – 50% of companies are halfway in regards to 5G readiness , between initial planning, testing and deployment, compared to only 7% who are classified as mature 5G ”InvestorPlace – Stock news, Stock market tips & Trading tips
Now investors may wonder if they should buy shares in Nokia, one of the companies leading the global rollout of 5G networks The company is expected to release results in late October By then Nokia shares may be volatile , particularly given the heightened levels of volatility in the stock market during this busy earnings season However, long-term investors may view Nokia’s declines as a good opportunity to buy its shares. Here’s why
Nokia second quarter results
Finland-based Nokia manufactures telecom-grade network equipment In 2013 it sold its declining mobile phone business to Microsoft (NASDAQ: MSFT) Then management changed course, repositioning the company as networking company and more recently as a 5G equipment company

7 Airline Stocks to Buy on Pelosi Stimulus Hopes

The company released its second quarter results at the end of July Nokia’s last quarter sales fell 11% year-on-year to 509 billion euros In contrast, its profit, excluding certain items, was sets at 316 million euros, up from 258 million euros in the same period a year earlier Investors are happy with Nokia’s cash flow and profitability
In recent quarters, Nokia has increased its large-scale capital investments, especially in 5G networks Its main customers are communication service providers The company has signed several important agreements to introduce 5G networks in a number of country
For example, at the end of September, it signed a major 5G equipment agreement with BT (OTCMKTS: BTGOF), the UK’s largest telecommunications company In October, Verizon Communications (NYSE: VZ) announced that it had chosen Nokia to supply private 5G networks outside the US, mainly in Europe and Asia-Pacific NASA also recently selected Nokia as a partner to build the first LTE / 4G communication system on the moon
Analysts believe that in the future, the proliferation of 5G technology is likely to boost Nokia’s growth Their median price target for Nokia shares is $ 5.27 Futures price-to-earnings and price-to-sell ratios of stocks are 1294 and 089, respectively Investors with more value can start buying the shares
The basics about Nokia Stock
In recent quarters, Nokia management has put more emphasis on securing 5G contracts Its recent 5G victories have shown that these efforts are starting to pay off
I think the Nokia stock price will probably surpass $ 5 in the coming weeks, and it could even go even higher Therefore, long-term investors should consider buying it around its current levels Meanwhile, the company could even become a recovery target
Alternatively, investors interested in 5G names but unwilling to purchase the stock may consider purchasing the shares of an exchange traded fund (ETF) that owns the company. Examples of such funds include the Defiance 5G Next Gen Connectivity ETF (NYSE: FIVG), the First Trust IndXX NextG ETF (NASDAQ: NXTG) and the Defiance Quantum ETF (NYSE: QTUM)
At the date of publication, Tezcan Gecgil did not hold (neither directly nor indirectly) any position in the securities mentioned in this article.
Tezcan Gecgil has worked in investment management for over two decades in the US and toiK In addition to formal higher education in the field, she has also completed all 3 levels of the Certified Market Technician (CMT ) Her passion is options trading based on technical analysis of fundamentally strong companies She particularly enjoys setting up covered weekly calls to generate income She also publishes educational articles on long term investing
More from InvestorPlace

Why everyone is investing in 5G, it’s wrong

Top Stock Picker Reveals Next 1000% Winner

Radical new battery could dismantle oil markets

The revolutionary technology behind the deployment of 5G is developed by this 1 company

The post Long-term investors may consider investing in Nokia appeared first on InvestorPlace

Cenovus Energy, Husky Energy, Natural gas, Canada, Stock