World News – GB – Fraser Institute press release: Federal spending on benefits for families with children increased by more than 68% since 2014/15, fully funded by deficits


VANCOUVER, British Columbia, October 27, 2020 (GLOBE NEWSWIRE) – Federal spending on benefits for eligible families with children through the Canada Child Benefit increased 685% of the year 2014/15 to 2019/20 – funded entirely by debt, according to a new essay released today by the Fraser Institute, an independent, non-partisan Canadian think tank on public policy

“Parents today receive cash transfers from Ottawa that the next generation, their own children, will pay for in the future,” said Jason Clemens, Executive Vice President of the Fraser Institute and co-author of Financing the Canada Child Benefit, Part 2 of an Essay Series on the Canada Child Benefit

In 2014-2015, the federal government (under Stephen Harper’s Conservatives) increased coverage and benefits for two programs to support families with children After winning the 2015 election, the Trudeau government eliminated programs existing programs and created the Canada Child Benefit (CCB), which significantly increased program spending

For example, planned spending under the Harper government for then-existing programs in 2019-2020 was $ 18.7 billion After the Trudeau reforms, actual spending for the new ECB reached $ 24.1 billion, an increase of nearly by 29%

However, unlike its predecessor, the Trudeau government financed increased spending by borrowing (ie budget deficits), the costs of which will fall on future generations

« Parents today receive benefits in the form of monthly ACE payments, with increased costs being passed on to their children, » Clemens said

The Fraser Institute is an independent Canadian public policy research and education organization with offices in Vancouver, Calgary, Toronto and Montreal and links to a global network of think tanks in 87 countries Its mission is improve the quality of life of Canadians, their families and future generations by studying, measuring and widely communicating the effects of government policies, entrepreneurship and choices on their well-being To protect the independence of the ‘Institute, it does not accept government grants or research contracts Visit wwwFraserinstitutorg

Individual investors have never been so worried about a US stock market crash This counterintuitive reaction is due to investor sentiment being a contrarian indicator Historical data on investor beliefs about probabilities of crashes come from Yale University finance professor (and Nobel Laureate) Robert Shiller

(Bloomberg) – Investor David Einhorn said tech stocks are in a “huge” bubble and he’s added a series of short bets to take advantage of it. “The question is, where are we? us in the psychology of this bubble?  » the head of the hedge fund Greenlight Capital wrote in an oct 27 note, seen by Bloomberg « Our working hypothesis, which could be rebutted, is that September 2, 2020 was the peak and the bubble has already burst If so, investor sentiment is shifting from greed to complacency « Tech stocks have led the market rally this year The Nasdaq 100 index is up 33% since January 1, led by the gains of Zoom Video Communications Inc and Tesla Inc In contrast, the S&P 500 rose 53% Signs of a bubble, Einhorn points to IPO mania, huge market concentration in a small group of stocks or a single sector, extraordinary valuations and ‘incredible’ trading volumes of speculative instruments As a result, Greenlight has adjusted the portfolio of companies it bets against by adding a new bubble basket consisting primarily of « second-tier companies and recent IPOs to valuations. remarkable ”, he wrote Einhorn has long owned what he calls a short betting bubble basket featuring tech giants such as Amazoncom Inc and Netflix Inc A company spokesperson declined to comment This is not the first time that Einhorn has reported a tech bubble In early 2016, he « prematurely identified what we thought was a bubble, » he writes The road has been tough for Greenlight recently The fund is down 161% through September and has attempted to recoup losses that began in 2015 As of January 1, the company managed $ 2.6 billion, down from tops $ 12 billionOther letter highlights: Upcoming elections may rank « among the most perilous, war-free times in modern American history » A ‘storm’ of unrest linked to the Covid pandemic – including inequality, violence and calls for social change – could explode after election, regardless of which side wins The fund has launched ‘mid-sized’ long positions in the information technology companySynnex Corp, Austrian sensor maker AMS AG and ATM maker NCR Corp While a few Greenlight employees work in the company’s New York offices, which have been open since late summer, most employees continue to work from home, he said(Add additional tech commentary from seventh paragraph) For more posts like this please visit us at bloombergSubscribe now to stay ahead with the most trusted source of business news © 2020 Bloomberg LP

Dow Jones futures were the focus on Tuesday after Apple and Tesla led Nasdaq higher Microsoft’s profits shattered estimates after the close

Jim Cramer on Tuesday’s “Mad Money” shared his thoughts on Advanced Micro Devices, Inc (NASDAQ: AMD), Inovio Pharmaceuticals, Inc (NASDAQ: INO) and Honda Motor Co, Ltd (NYSE: HMC) On AMD: Cramer Says « AMD Has Much More Wiggle Room » Following Strong Company Results and acquisition of Xilinx, Inc (NASDAQ: XLNX) Cramer also notes that AMD CEO Lisa Su has incredible leadership and will continue to grow this business. On INO: As the FDA halted trial of the company’s COVID-19 vaccine, Cramer said « there are better fish to fry » in this industry and he will be leaving this company On HMC: When Cramer was asked what he thought of Honda, he said he would rather have General Motors (NYSE: GM) or Ford Motor (NYSE: F) See more from Benzinga * Click here for transactions ‘Benzinga options * Jim Cramer on American Express earnings * Jon Najarian sees unusual options activity in 2020 Sonos And Saber (C) Benzingacom Benzinga does not provide investment advice All rights reserved

Huachen Automotive Group Holding, the state-owned parent company of BMW’s main Chinese joint venture partner, has defaulted on a bond, heightening fears over the fate of the indebted automaker was unable to repay 1 billion yuan (1,491 million) corporate bond paying 53% in annual coupon, which it sold through a private placement three years ago The group « works hard to raise funds and discuss with investors to solve the problem « , according to a file from the Shanghai Stock ExchangeHuachen is the parent company of Hong Kong-listed Brilliance China Automotive Holdings, which owns 25% of a company with BMW, making 1, 3 and 5 passenger series sedans in Liaoning provincial capital Shenyang in the north. -est of ChinaGet the latest information and analysis from our Global Impact newsletter on Big Stories from China Its default is the latest in a long list of missed payments by the Chinese private sector and public borrowers as the slowest pace of economic growth since decades leads to diminished profits and makes it harder to meet payment schedules in the US $ 15 trillion onshore bond market »Default of a public automaker could affect bond market sentiment, » said Gu Weiyong, chief investment officer at Ucon Investment, a Shanghai-based asset manager. « The sad reality is that many Chinese companies are not yet fully out of the Covid-19 pandemic » SCMP infographics: Global automakers and their Chinese venture capital partners The Chinese auto industry, which has overtaken the States United in 2009 as the world’s largest auto market, has been struggling with nearly two years of declining sales, as the slowest pace of economic growth in decades has discouraged large household purchases Sales have started to recover in the second half of the year, but not enough to prevent 2020 from being the third consecutive year of declining sales When the coronavirus pandemic was first reported in China in the first quarter, production was severely curtailed, as assemblies and parts manufacturers have been shut down across the country, their impact rippling through the global industryNew cars in a parking lot at the Brilliance factory in Liaoning provincial capital Shenyang, northeast China, July 17, 2017 Photo: AFP alt = New cars in a parking lot at the Brilliance factory in Shenyang, capital of northeast China’s Liaoning Province, July 17, 2017 Photo: AFP Brilliance China’s net profit rose 252 percent from last year to 405 billion yuan. BMW brand net profit, the Hong Kong listed company recorded a first half loss of 340 million yuanLiaoning provincial government plans to privatize Brilliance China, local media report Shares of the company fell 48 percent to 6 HK $ 78 (87 cents US) in Hong Kong on Tuesday Local authorities and Chinese financial regulators are particularly wary of defaults or any financial mishap that could potentially trigger civic unrest, in a country facing a dearth of investment options They tend to step in to inject much-needed cash or extend payment holidays to help defaulting borrowers survive It was not until March 2014 that the market saw its first default, when Shanghai Chaori Solar Energy Science & Technology failed to make any interest paymentsThis article originally appeared in the South China Morning Post (SCMP), the most trusted voice reporting on China and Asia for over a century. For more SCMP stories, please explore the SCMP app or visit the SCMP Facebook and Twitter pages Copyright © 2020 South China Morning Post Publishers Ltd All rights reserved Copyright (c) 2020 South China Morning Post Publishers Ltd All rights are reserved

Today after the bell, Microsoft released its third quarter 2020 earnings schedule, the period corresponding to its first quarter 2021 fiscal period In the three months ending September 30, Microsoft reported revenue of $ 37 billion and earnings per share of $ 1.82 Analysts had forecast the company to bring in $ 1.54 in earnings per share, generated from of $ 35 72 billion in turnover

(Bloomberg) – The world’s largest exchange-traded fund is losing liquidity at a faster rate than any of its peers as investors seek lower fees amid a wave of cuts in Traders have withdrawn $ 33 billion from the SPDR S&P 500 ETF Trust (SPY) so far this year, the most in the industry, according to data compiled by Bloomberg While the exodus was concentrated in February and March, when the coronavirus pandemic rocked global markets, it put the $ 294 billion fund to follow the US stock market benchmark at odds with the larger universe of equity ETFs – which attracted $ 119 billion In 2020 As issuers strive to keep costs down, SPY’s relatively high expense ratio could be one reason limiting its rebound ETF has a fee of 0095%, roughly three times the cost of investing in T kings of its main competitors This means investors re-entering the market may be drawn to cheaper options, analysts say“As the market recovered, investors reinvested that money in cheaper products,” said Nate Geraci, president of investment advisory firm ETF Store in Overland Park, Kansas. “I expect SPY to continue to ‘bleed’ its assets, regardless of the market environment, as investors continue to flock to cheaper competitors.” While SPY leads the outlets, the 162 $ 8 billion Vanguard S&P 500 ETF (VOO) – with its 0 03% expense ratio – took $ 23 billion in 2020, the most among its peers Meanwhile, the lower-cost SPDR S&P 500 ETF (SPLG) portfolio, which owns the same holdings as SPY but charges 003%, attracted $ 2.9 billion in new cash Vanguard Group, the second-largest issuer of the $ 4 ETF’s 8-trillion market topped its competitors, with $ 148 billion in inflows in 2020 BlackRock Inc and State Street Corp attracted $ 79 billion and $ 19 billion respectively As Vanguard’s flows were boosted by the conversion of some of its mutual fund clients into lower-cost ETF stocks , this trial sus was responsible for only $ 22.8 billion of its admissions, according to Vanguard spokesman Freddy Martino « The money from the old SPY may not have returned to SPY, but lesser equivalents. cost or active, thematic or ESG funds, ”said Linda Zhang, Managing Director of New York-based Purview Investments, which specializes in active ETF research and managed solutions « It’s probably a combination of the two » For Matt Bartolini of State Street Global Advisors, the money that left SPY at the height of the viral turmoil has shifted to sector funds, such as the Energy Select Sector State Street SPDR Fund (XLE) But with just a week to go to the US presidential election, the picture of the flow could soon be turned upside down again, he said. « A lot of these investors have migrated to other sectors of single-share stocks, » he said. said Bartolini, Head of SPDR Americas Research at SSGA « Who knows what’s going to happen this election, but there will definitely be money in motion » For more articles like this, please visit us at bloombergSubscribe now to stay ahead with source d most trusted business news © 2020 Bloomberg LP

Individual retirement accounts and 401 (k) plans often impose penalties if you withdraw money from a retirement account too early or too late There is usually an early withdrawal penalty if you make a withdrawal before age 59 1/2 and a penalty for not receiving annual distributions after age 72 Here’s a look at the 401 (k) and IRA penalties you won’t have to pay this year

New Supreme Court Justice Could Help Kill Health Care Law What if you trust it?

For investors, finding the right sign is part of the game Stocks don’t necessarily choose themselves, and investors who choose them should know they are making the right choice Lucky for investors – and for the safety of their portfolios – there are reliable signals that a stock is worth buying One of the best is insider buying Insiders are business leaders, deeply invested in the success or failure of their company, they are usually shareholders themselves – but they are responsible for more than their own portfolios Company executives are accountable to their board of directors, fellow corporate officers and the stock-holding public to ensure earnings and returns on stocks – and so, when these insiders start buying large blocks, investors should take note TipRanks tracks insider trading s, using publicly released stock movements to track them The Insider’s Most Wanted Stock page provides the scoop on what stocks market insiders are buying – or selling – so you can make informed purchases We’ve selected three stocks with recent informative buys to show how the data works for you Agree Realty Corporation (ADC) First on the list is a large company in the REIT segment Agree Realty, based in Metro Detroit, is focused on l Acquisition and development of properties for renowned retail tenants At the end of 3Q20, Agree’s portfolio included 1,027 properties in 45 states and totaled some 21 million square feet of leasable area The company’s tenants include 7 -Eleven, AutoZone, Dollar General, and Wendy’s franchises, among others Agree’s third quarter results, released earlier this month, showed a sequential increase in EPS from 76 cents to 80 cents and total rental income of $ 637 million The company declared a quarterly record of $ 470 7 million in rental investment and increased its dividend The dividend of 60 cents per share offers to investors a 367% return All of this comes at a time when many REITs have reported difficulty collecting rents as tenants have had to deal with the financial repercussions of the corona crisis In this area, however, Agree has seen success outstanding The company said it received 96%, 97% and 99% of the rents due in July, August and September Agree to deferral agreements for an additional 2% of its tenants This success in rent collection provided the basis for the strong quarterly revenue stream already notedOn October 22, Agree attended a big insider trade CEO and Chairman Joey Agree bought 15,293 shares, spending over $ 1 million This brings insider sentiment here into positive territory Covering this stock for Raymond James, analyst RJ Milligan writes, “With rent collections at 99% for September, ADC continues to go on the offensive as most of its peers still hunt for rents We believe the sharp increase in acquisition forecasts will push Street’s estimates significantly higher for 2021/2022, which will likely serve as a positive catalyst that ADC investors have been waiting for.Milligan rates the stock as a strong buy and sets a price target of $ 82 which indicates a margin for growth of 27% in the coming year (To see Milligan’s track record, click here) Overall, ADC Achieves Strong Buy Consensus Rating, Based on Recent Unanimous 5 Buy Opinion ADC Shares Sell $ 64 61 and Their $ 74 38 Average Price Target Rises 14% YoY (See Market Analysis ADC on TipRanks) First American Financial (FAF) Next on our list is First American Financial, a title insurance company and FAF lenders is a fixture in the mortgage industry, where its insurance products are essential to securing loans The real estate company also deals with property and casualty insurance policies, and saw $ 6 billion in total revenue last year after seeing steep drops up and down in the first quarter of this year during the economic downturn brought on by the he coronavirus pandemic, FAF saw a sharp recovery The company experienced sequential revenue growth in Q2 and Q3, with revenue increasing from $ 1.4 billion in the first quarter to $ 1.6 billion in the second and finally 1 $ 9 billion in the third quarter Third quarter profit rose 24% to $ 1.31 per share FAF recently saw a major insider buy It wasn’t a million dollars, but the $ 191,000 purchase of 4,000 shares was still important and gave the action an overall positive insider feel The buyer was Mark Oman, of the board of directors Among FAF fans is Mark Hughes, 5-star analyst at Truist Financial The analyst gives the stock a buy rating with a price target of $ 66 to suggest an increase of 41% over the next 12 months (To view Hughes’ track record, click here) Supporting his position, Hughes notes the steady flow of business for the company, writing: “Last month, open purchase orders amounted to 2,500 a day, up 21% year on year That compared to July’s total of 2,400 per day, which was up 6% from the same month last year.In the refi category, the daily count held sequentially at 3,200, up 46% from the same month last year. compared to August 2019 «  » Our price target of $ 66 assumes the stocks are trading at just under 15 times our estimate of 2021 earnings, at the recent high end of the stock’s companies – we believe this is appropriate in light of healthy industry fundamentals – but still with a larger than usual discount from the S&P 500, « concluded analyst Hughes’ review is one of two recent recommendations recorded for FAF, making the analyst consensus here a moderate buy The average price target is $ 65, giving the stock a potential up 39% from the current stock price of $ 4662 (See FAF Stock Market Analysis on TipRanks) Eastern Bankshares (EBC) The last stock on our list is a new one in the market Easter Bankshares is a holding company, owner of Eastern Bank, a Massachusetts-based community bank – and the oldest mutual bank in the United States Earlier this month, Eastern changed from mutual organization status to a joint stock company, selling over 179 million common shares. The offering price was $ 10 per share and the sale brought in more than $ 1 79 billion for the company And that’s where the insider trading comes into play Eastern executive directors have made significant share purchases on IPO Company CEO and Chairman of the Board Robert Rivers made the largest purchase, for $ 2 million, and Executive Vice President Barbara Heinemann bought $ 1.02 million of shares Five members of the board made purchases of more than $ 1 million or more Most of these purchases concerned corporate officers taking their personal stakes in the company and constituting shares in connection with of their compensation programs It’s a routine in the corporate world But these large stock purchases – 7 of at least $ 1 million, and 10 of over $ 200,000 or more – are a testament to confidence in the company and the willingness of senior leaders to put their own skin in the gameSpeaking to the analyst community, analyst Laurie Havener, who covers this new stock for Compass Point, wrote: “We love the EBC story because it offers investors a unique opportunity to invest in a company. Boston based, too well capitalized, 200 years old bank well below the book Mostly, EBC has a desirable franchise footprint, ranked 5 in the Boston MSA, with a fabulous low cost deposit baseTo that end, Havener credits EBC with a purchase with a price target of $ 15, suggesting that this bank holding company has room for upward growth of 24% in the coming year. (To watch Hunsicker’s history, click here) Judging by the break in consensus, he has been relatively calm with respect to other analyst activity In recent weeks, only 2 analysts have looked at the bank Les two, however, were bullish, making the consensus a moderate buy (See EBC stock market analysis on TipRanks) Disclaimer: The opinions expressed in this article are solely those of the featured analysts The content is intended to be used for the purposes of information only It is very important to do your own analysis before making any investment

When looking for the best artificial intelligence stocks to buy, identify companies that use AI technology to improve their products or gain a strategic advantage, such as Microsoft, Netflix, and Nvidia

(Bloomberg) – Wells Fargo & Co shares fell to their lowest level in more than a decade on Tuesday as investors awaiting CEO Charlie Scharf’s strategy absorbed the prospect of job cuts and likely sales of companies Shares declined 39% to their lowest level since June 2009, down further than the KBW Bank index to 24 companies Scharf, which took over last October, looked at every activity of the company and is preparing to present his recovery plan for the ailing lender He said he would provide more information to investors in January Scharf has promised a simpler structure and is reviewing unit sales, including trust business. business, student loan portfolio and asset manager The bank has also embarked on a job-cutting initiative that could ultimately lead to workforce reductions of the order of tens of thousands.Read more about Wells Fargo: Wells Fargo is supposed to sell billion dollar corporate trust and more Wells Fargo cuts dozens of fixed income research analysts Wells Fargo weighs asset sale so as the sector consolidates Is now one of the costliest banking penalties Well Fargo, still under an asset cap imposed by the Federal Reserve, was the worst performing company on the KBW Bank Index this year, with equities down more than 59% Fed limit prevented bank from offsetting low rates with balance sheet growth as many competitors did Joe Biden’s win in the US Next week’s presidential election could extend that timeline, says Cowen analyst Jaret Seiberg. « We expect Wells Fargo to push the Federal Reserve to release it from the cap. active before Biden can replace senior Fed officials in late 2021 and early 2022, « Seiberg wrote in a note “We see this as an uphill battle, which is why the asset cap could stay in place until 2023” For more posts like this please visit us at bloombergSubscribe now to stay ahead with the most trusted source of business news © 2020 Bloomberg LP

Enphase Energy and First Solar profits easily beaten views on Tuesday night The two leaders of the No 1 solar stock group were big winners overnight

Survey reveals that many people make these six money moves with one eye on November 3

Many companies will be eager to put 2020 behind them, just as Boeing (BA) giant A&D had issues to resolve before the viral outbreak, but these have been exacerbated by the ruinous impact of COVID-19 on the airline industry Reduced demand for long-term commercial jets, aircraft delivery cancellations, terrible revenues and a scathing Congressional verdict for design errors that led to the two fatal airliner crashes in Boeing’s ground, the 737 Max, have all been on the agenda in 2020 As a result, BA shares have fallen 52% so far this year As Wednesday’s third quarter results approach, the analyst at RBC Michael Eisen doesn’t expect a surprising turnaroundIn fact, the analyst cut his consolidated revenue forecast by 18%, due to a 48% cut in his estimate for commercial aircraft; In the third quarter, BA already announced that it had made 28 commercial deliveries against Eisen’s earlier forecast for 51 aircraft deliveries Eisen now expects revenue of $ 3 billion compared to $ 6 4 billion it had previously forecast. rue asks $ 4.3 billion In terms of better understanding the overall state of Boeing’s operations, Eisen believes investors will focus on several key issues, particularly « updated expectations for the MAX. » This should include comments regarding the will of customers to accept the plane, how investors should think about the production ramp rate around 31 / month by 22, and the increasing MAX inventory cash flow profile, ”EisenEisen said. expects investors to focus on other key areas, including how Boeing’s tariffs relative to other major defense competitors have lowered the s growth expectations for 2021 Boeing, says Eisen, is expected to « benefit from accelerated development programs and improved production on the KC-46, and should be able to deliver LSD / MSD growth. » Finally, investors will be impatient to know Boeing’s cash position – « when the FCF might positively influence and what » normalized « cash flow might look like beyond ’21 » Say it all, however, Eisen sees better days ahead. analyst estimates that BA shares an outperformance (ie Buy), with a price target of $ 194 The implication for investors? 25% rise (To see Eisen’s track record, click here) Among Eisen colleagues, BA has mixed reviews with a slightly bullish tilt Based on 8 buys, 9 takes and 1 sell, the stock has a moderate buy consensus rating The average price target hits $ 188.06 and suggests stocks will rise 21% over the next few months (See Boeing’s stock analysis on TipRanks) stocks traded at attractive valuations, visit the best stocks to buy from TipRanks, a newly launched tool that brings together all information about TipRanks stocks Disclaimer: Opinions expressed in this article are solely those of the featured analyst Content is intended to be used for informational purposes only It is very important to do your own analysis before making any investment

Interest rates are extremely low, but returns of up to 10% are still available on the US stock market Risk is often part of the package

Raytheon posted mixed results in the third quarter as the collapse of global air transport hit its airline business hard

Las Vegas Sands aims to sell its casino hotels on the Las Vegas Strip with its largely empty properties amid the coronavirus pandemic

There is still time to benefit from the 2020 IRA contribution limits And there is a good chance that you have not yet put the maximum allowed

It all depends on the thread The US Presidential elections are just a week away, and polls showing Biden has an advantage over President Trump, investors are bracing Oppenheimer’s chief investment strategist John Stoltzfus points out that last week, stocks went out of balance as investors rebalanced their portfolios, turning and adding additional exposure to value stocks « while others took profits in growth stocks that had previously risen significantly by compared to what could be a higher capital earnings and other taxes next year ”, in case Democrats win, Stoltzfus emphasizing that the wait for an effective COVID-19 vaccine is behind the widening investor appetite for stocks argues that this renewed appetite « improves the attractiveness of value stocks » Going forward, the strategist notes the efforts of the Federal Reserve « highlight the arguments for economic recovery and resilience and potential of stock markets here « Although a ‘blue wave’ is seen as a potential risk, Stoltzfus believes that this outcome is highly unlikely and that maintaining shared control should alleviate market concerns. Stoltzfus outlook, our attention has turned to three stocks according to Oppenheimer analysts, which could rise by at least 70% in the coming year Browsing through the tickers in the TipRanks database, we found that each enjoys a consensus Strong Buy rating from the broader analyst community Chromadex (CDXC) Focused on improving the way people aging, Chromadex operates as an integrated, science-based nutraceutical company Following a recent read of the data, Oppenheimer believes the time is right to get on board On October 6, the CDXC released the results of the Phase 2 study evaluating a nutritional protocol that includes its product Nicotinamide Riboside (NR) as well as the current standard of care in mild to moderate COVID-19 patients It should be noted that the study included around 100 patients and was conducted in partnership with ScandiBio Therapeutics, at a research hospital in Istanbul, Turkey Based on the data, patients receiving the NR plus standard of care combination saw 29% reduction in recovery time (66 days vs. 93 days) These findings add to existing research on NR, including 11 published clinical studies and more in progress Management Says Phase 3 Study to Start Soon Weighing Oppenheimer, 5-star analyst Brian Nagel commented, “For a while we recommended CDXC as a decidedly compelling, albeit speculative, investment game within specialized consumers We interpret [the] news as further indication that ChromaDex is continuing its tremendous and admirable effort to fully understand the science behind NR and its namesake product TruNiagen “Going forward, Nagel believes that the consumer audience is on the verge of s. expand “We are increasingly optimistic that a wave of NR-focused research from ChromaDex and its partners continues to develop and management is working to reinforce an effective marketing message that the mass market demand for NR and TruNiagen will rise, unlocking significant financial and operational levels of CDXC, « he explained To this end, Nagel gives CDXC an outperformance rating (ie Buy) with a price target of $ 9 If the target is met, a gain of 12 months in the form of a 90% could be in store (To see Nagel’s track record, click here) It’s not often that analysts all agree on a stock, so when this happens, take note CDXC’s Strong Buy consensus rating is based on a unanimous consensus of 3 buys The stock is $ 7 The average price target of 67 suggests a 61% rise from the current price of The $ 4.70 share (See CDXC stock analysis on TipRanks) Apellis Pharmaceuticals (APLS) Next, we have Apellis Pharmaceuticals, which is developing innovative therapies that target complement-mediated diseases With a solid setup emerging for 2021, Oppenheimer Beats the Table on Health Name APLS recently provided an update on its pipeline, including its systemic C3 inhibitor pegcetacoplan, which will target C3G / IC-MPGN and ALS 5-star analyst Justin Kim, who covers APLS for Oppenheimer, points out that C3G and IC-MPGN reflect a significant opportunity for systemic inhibition of C3, based on evidence that supports role of complement activation and depositionEven with the “suboptimal response” of a major factor D inhibitor, the analyst is optimistic about the C3 approach, “which could demonstrate more potent and broader inhibition of the cascade.” It should be noted that ‘An open label phase 2 study, enrolling up to 12 patients, was recently launched In addition to this, given that Alexion’s C5 approach is being explored in an ongoing Phase 3 ALS program, Kim has high hopes for this indication « The phase 2 study of the SPLA having recruited approximately 200 patients, the company estimates that the study could allow the registration At a potential case rate of around 5 / 100,000 in the US, ALS (and neurology) may reflect the greater longer-term opportunity for the systemic C3 pipeline, in line with Alexion’s neurological goal. If that wasn’t enough, pegcetacoplan is currently in phase 3 development for paroxysmal nocturnal hemoglobinuria (PNH) and geographic atrophy (GA) Although APLS faces strong competition, Kim sees « a top notch product profile in the pegcetacoplan, based on available data. » The analyst added, « With a potential PDUFA expected in mid-2021 for PNH, we believe investors remain focused on the considerations. potential commercial use for the primary indication of pegcetacoplanRegarding the GA opportunity, Kim said, “We underscored in our launch our appreciation for GA, which continues to be a potentially transformative catalyst for equities as you read the study (Q3 2021) With the DERBY and OAKS studies having completed their recruitment, we remain optimistic about pegcetacoplan’s positioning in AG, the clinical significance of the data currently available and the market opportunities. ”“ While long-term fundamentals remain strong and favorable, we continue to view SPLA as an underrated biotech follow-up asset for potential first approval in a well understood rare disease commercial market, a significant option in blockbuster indication geographic atrophy, and intriguing earlier – opportunities and strengths stage (C3G, COVID-19, gene therapy) We expect management to continue to achieve these goals, with a no new stock rating, ”Kim summed upEverything the SPLA did to convince Kim to maintain its outperformance (jee Buy) In addition to the call, it left the price target at $ 62, suggesting upside potential of 71% (To see Kim’s record, click here) What does the rest of the street have to say? 4 buys and 1 hold were issued in the past three months As a result APLS achieves a Strong Buy consensus rating Based on the $ 50 Average price target of 67, stocks could rise by 47% next year (See APLS stock market analysis on TipRanks) Boingo Wireless (WIFI) As for Boingo Wireless, it provides connectivity to mobile devices on small cell systems that encompass LTE as well as spectrum and Wi-Fi networks According to Oppenheimer, the Company’s future looks bright Representing the company, 5-star analyst Timothy Horan told clients that uncertainties over the pandemic and valuation prompted him to downgrade in April, but now he sees a attractive entry pointGiven that WIFI has strong assets in growing end markets (military and DAS), and the stock is trading at 13x Horan 2021 spot EBITDA, which is a 35% reduction from at a purchase price of 20x and reflects a 25% discount for tower companies at around 25x EBITDA 2021E, analyst believes an acquisition is likely “We think it’s highly likely that Boingo will sell some or all of its business to towers or a private equity focused firm. on infrastructure next year Strategic buyer could improve EBITDA by $ 15 million on unnecessary overhead alone In addition, there is a strong appetite for wireless infrastructure, as several recent transactions show, ”explained Horan Most likely, the business will split into three different companies, worth around $ 800 million on a SoTP basis compared to its current enterprise value of $ 500 million, according to Horan It also argues that the Military / Multi-Family segment has an enterprise value of $ 600 million based on an EBITDA multiple of 18x and its estimated EBITDA of $ 34 million, with DAS and Wholesale accounting for $ 200 million. additional in firm valueExplaining the military and DAS opportunity, Horan commented: “Positively, more 4G / 5G spectrum will be deployed and Boingo plans to commission a carrier for the first phase of LIRR by the end of 2020 Military sector demonstrated resilience during pandemic Boingo saw a sharp increase in traffic in Q2 2020 on military bases and is expanding higher 100Mbps ARPU service to more bases. « Further, Horan expects WIFI’s third quarter results are weak due to lower traffic at airports and venues, but believes revenue and cash EBITDA have likely bottomed as management pushes hard to cut expenses »We believe Boingo’s wireless assets are unique and the pandemic has highlighted the need for its critical neutral infrastructure to support connectivity. Recent acquisitions indicate strong interest in wireless infrastructure and Boingo’s valuation is attractive at current levels The military and DAS have been resilient and are well positioned for the long term, ”concluded HoranIn keeping with his bullish approach, Horan joined the Bulls, raising the rating from Performer to Outperforming and setting a price target of $ 15. Investors could pocket a 63% gain if this target is met within the next twelve months (To see Horan’s track record, click here) Do other analysts agree? They are Only buy notes, 7 to be exact, have been issued in the past three months So the message is clear: WIFI is a strong buy Considering the $ 19 average price target of 86, the stocks could climb 116% next year (See WIFI Stock Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks To Buy, a newly launched tool that brings all of them together. TipRanks stock information Disclaimer: Opinions expressed in this article are those of featured analysts only Content is intended to be used for informational purposes only It is very important to do your own analysis before making any investment

Justin Trudeau, Canada, Liberal Party of Canada, Stephen Harper, Deficit spending

News from the world – UK – Fraser Institute press release: Federal spending on benefits for families with children exceed 68% since 2014/15, fully funded by deficits



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