The biggest losers in the GameStop turmoil? An early list
There hasn’t been anything quite like this GameStop (GME) saga lately. So you most likely don’t have any money in hedge funds. Because some of the big investors in hedge funds are the massive public sector pension funds across America that are already swimming in red ink.
10 short squeeze candidates under $ 10
The move by retailers against hedge funds has seen several stocks rise. Many of the top movers have been stocks with a high percentage of their floating stocks empty, resulting in what is known as a short squeeze. Among the other topics of soaring stocks is that many of them were trading below $ 10 prior to their start-ups. AMC Entertainment (NYSE: AMC), BlackBerry Ltd (NYSE: BB), and Express Inc (NYSE: EXPR) were stocks that were below $ 10 and soared. Related Link: AMC, National Beverage, and 8 More Stocks Well Shortly Positioned Here are 10 stocks trading below $ 10 with large short percentages that could be short squeeze candidates: Clovis Oncology Inc (NASDAQ: CLVS) is a biotechnology company. Currently, 42% of the float is short. Senseonics Holdings, Inc. (NYSE: SENS) is a medical device company. 34% of the float is traded empty. VBI Vaccines Inc. (NASDAQ: VBIV) develops vaccines for adults, children, and newborns. 20% of the float is short. Naked Brand Group Ltd (NASDAQ: NAKD) sells intimate wear, swimwear and apparel, and 33% of the float is short. Precigen Inc (NASDAQ: PGEN) is a biotechnology company. 35% of the float is short. Opko Health, Inc. (NASDAQ: OPK) is a pharmaceutical and diagnostics company whose float is 26%. Lannett Company, Inc. (NYSE: LCI) is a generic pharmaceutical company. 25% of the float is short. Dyanvax Technologies Corporation (NASDAQ: DVAX) is a biotechnology company that trades 24% of the float. United Microelectronics Corp (NYSE: UMC) is a semiconductor company that makes products for companies such as Advanced Micro Devices, Inc. (NASDAQ: AMD) and Xilinx Inc (NASDAQ: XLNX). The company sees 21% of its float being short. TherapeuticsMD Inc (NASDAQ: TXMD) is a drug company aimed at women, and is 25% there floats are short positions. (Photo: Omar Eduardo, Flickr) For more information on Benzinga, click here for Benzinga’s option deals Robinhood Expands Trading Restrictio ns up to 50 stocks, including GameStop, General Motors, Starbucks, multiple SPACs Stock Wars: AMC Entertainment Vs. Cinemark © 2021 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.
4 top stock trades for Monday: AAPL, AMD, SLV, SPY
Stocks took another hit on Friday as selling pressures dragged markets to the month’s lows. With that in mind, let’s take a look at some top stock trades for Monday. Top Stock Trades for Monday # 1: Apple (AAPL) Click to EnlargeSource: Chart courtesy of TrendSpider Thursday’s post-earnings decline seemed like a great trading opportunity for Apple (NASDAQ: AAPL). Stocks retreated after a six-day rally after a great quarterly result. Additionally, AAPL dipped into the 10-day moving average and previous resistance zone. Even if it failed, I still think it was a good risk / reward setup. InvestorPlace – Stock Market News, Stock Advice & amp; Trading Tips Regardless of what I think, stocks are breaking below the 21-day moving average as I speak. If it keeps going down, look for stocks to test in the $ 124.50-127 range. There it finds the 50-day moving average, solid support from December and the 61.8% retracement. If that fails, the 100 day moving average is in play. 7 Safe Stocks To Buy For Solid Returns During Troubled Times On the upside, however, the bulls need to see the stock regain its key short-term moving averages, then $ 138. Above the latter, a rollback to its highs near USD 145 is possible. Let’s see if bulls step in again after a good quarterly result. Top Stock Trades for Monday # 2: Advanced Micro Devices (AMD) Click to enlargeSource: Chart courtesy of TrendSpider Advanced Micro Devices (NASDAQ: AMD) also did not trade well. By that week, however, stocks had done an excellent job breaking the previous resistance of $ 87 n. If this mark is exceeded now, it has to gain a foothold here – just as in the last quarter – in the 21-week moving average or risk a further decline. If it gains its composure we need to see a rebound around $ 87.50 and then move back above the 10-week moving average. This leaves the current resistance close to $ 98 on the table and maintains the current range. A break deeper in current levels could put the $ 81.50-82 area on the table, followed by the $ 74 mark. The latter is prior support from the previous trading range. Top Stock Trades for Monday # 3: Silver ETF (SLV) Click to enlarge Source: Chart courtesy of TrendSpider Silver has been trading well for the past few days, although it was a bit sloppy this month. The 50-day moving average and uptrend support (blue line) continue to hold. As long as this is the case, it’s hard to be too bearish. On Friday, the iShares Silver Trust ETF (NYSEARCA: SLV) made a push towards the January highs, but it ran out of breath. Near the top of the monthly range and the SLV is gearing up for a potentially strong week and month. A move above $ 25.74 in the next week would give the ETF a weekly and monthly upward rotation. The former is not needed, but the latter would mean a potential run to over $ 27. 7 Electric Vehicle Stocks Make Headlines as Alt-Fuels Fuel Growth Niche Without a higher rotation, investors will likely seek to buy the decline in support. Top Trades for Monday # 4: S & amp; P 500 ETF (SPY) Click to enlarge Source: Chart courtesy of TrendSpider Equities is under pressure and this is absolutely no surprise given so many of the indices s achieved the expansion of 161.8%. (Here the small caps run and tech switch are at the same expansion.) In just a few sessions, the SPDR S&P 500 ETF (NYSEARCA: SPY) has already hit the moving average of 50 days and 10 weeks. From here it is important to assess how it reacts. If bulls buy the dip, the trend will remain intact. If they do, see how the SPY handles the 10-day and 21-day moving averages. Remember, these brands turned it down on Thursday. If we break Friday’s low and can’t reclaim it, we may need to test in the $ 365 area, followed by retesting in September and the 100 day moving average. At the time of publication, Bret Kenwell was long in AAPL. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. More From InvestorPlace Why Everyone Is Investing In 5G All FALSE Top Stock Pickers Reveal Their Next 1,000% Winner It doesn’t matter if you save $ 500 or $ 5 million. Do this now. The Post 4 Top Stock Trades for Monday: AAPL, AMD, SLV, SPY first appeared on InvestorPlace.
Why are so many Americans predicting a crash in the real estate market?
The housing market was one of the most dynamic corners of the pandemic economy, but a new poll found that more than half of Americans believe it will crash either this year or next. What Happened: The LendingTree Inc. (NASDAQ: TREE) survey polled 2,051 adults conducted between December 17-20 and found that 41% of respondents predicted that the housing market bubble would deflate and accelerate in 2021 House prices will fall. Another 26% of those surveyed predicted the same scenario for 2022, while 13% saw no further collapse in the real estate market in the near future. LendingTree’s chief economist, Tendayi Kapfidze, cast his lot with 13% of the naysayers. « Although residential properties warmed in late 2020 and growth is likely to slow down in 2021, the idea that this is a bursting bubble seems unlikely, » said Kapfidze. « The mortgage market is healthier than it was before the 2008 crisis, and the government is more experienced in real estate protection measures such as forbearance and mortgage changes. » The latest housing data also does not identify any cracks in the market. This week’s S&P CoreLogic Case-Shiller Index found sales were stronger than ever before well into the fall. « With sales of existing real estate up more than 20% year-over-year, the S&P CoreLogic Case-Shiller index rose 9.49% in November – a new high since February 2014, » said the deputy chief economist of CoreLogic Inc. (NYSE: CLGX) Selma Hepp added that « Buyer competition reached a new national high in October and November when the rate rose to 0.996 – the highest since 2008, when the series began. » Mat Ishbia, President and CEO of Pontiac, United Wholesale Mortgage (NYSE: UWMC ), headquartered in Michigan, is also optimistic. « I think the main trend is going to be a very, very strong mortgage and housing year across the board, » he said. « Interest rates are very low, the economy is recovering and will recover. Demand for residential property is high, millennials are buying, mortgage brokers are expanding their business channels and educating consumers. I think 2021 will be one of the best years from a mortgage perspective be in history. « Why It Matters: Ishbia’s company went public last week and is first in a growing queue of housing companies responding to the vitality of the real estate market by preparing to go public. Real estate broker Compass, residential real estate mortgage lender and servicer AmeriHome, and Home Point Capital Inc., the parent company of mortgage lender and service provider Home Point Financial Corp., previously announced plans for several mortgage lenders to announce plans to go public in late 2020 – including LoanDepot, Caliber Home Loans, and Finance of America – are on hold and have yet to proceed. Ishbia’s concern about the property market is not part of the aim, but consumer confidence is centered on whether mortgage companies will be able to cope with continued demand from buyers. « Most of the companies that have really struggled are the ones that haven’t invested in technology, » he said. “We’re in an interesting industry because nobody wants our product that we sell.” Nobody wants a mortgage, they want the house, right? Or they want the savings. How do you make it faster and easier? « People really need to go all-in on technology, » he continued, because too often companies in our industry spend a lot of time working with that vendor working and really investing in technology halfway through. You need to be familiar with the technology to make the process faster and easier for consumers. If you do that, you will get a lot more business. « And despite the pessimism many Americans shared about LendingTree, 80% of respondents in the new poll said they still see the American dream as defined by home ownership, 45% predict cheaper options will be seized by Biden’s guidelines Administration possible. But not all are so optimistic: 31% of respondents predicted the new administration will offer less affordable housing, and 40% said the historically low mortgage rates that led to soaring home sales will rise this year . For more information from BenzingaClick here for Benzinga options dealsWhy the fate of Fannie Mae remains unclear to Freddie MacWhat Biden’s Executive Order means for private prison stocks © 2021 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.
Buy 7 stocks under $ 10 for February
If you’ve noticed recently, most of the interest and headline stocks sell at three-digit or four-digit prices as well. That makes it difficult for a small investor to get hold of some of the bigger names. Some investors wonder if there are stocks under $ 10 that seem to have great potential. Granted, if you invest $ 1,000 in a share priced at $ 500 per share, you only get two shares. However, if the stock goes up 20%, you are still making 20% on your money. However, with cheap stocks, you can control a large stake in a company that is hopefully on its way to $ 500. And so do the companies. Usually stocks below $ 10 don’t trade enough to be picked up by institutional investors and large funds. But as soon as they get to grips with the ground they can go to the races, as we’ve seen many times last year. InvestorPlace – Stock Market News, Stock Advice & amp; Trading Tips 7 Safe Stocks To Buy For Solid Returns During Turbulent Times Here I’ve selected seven stocks under $ 10 to buy for February. These are hot stocks with great future prospects, and each and every one of them has an “A” rating in Portfolio Grader. Ceragon Networks (NASDAQ: CRNT) FinVolution Group (NASDAQ: FINV) Himax Technologies (NASDAQ: HIMX) iBio (NASDAQ: IBIO) Kopin Corp (NASDAQ: KOPN) Band Communication (NASDAQ: RBBN) StoneMor (NASDAQ: STON) stocks under $ 10 : Ceragon Networks (CRNT) Source: Shutterstock This Israel-based wireless company may not be on your radar as it is not a retailer of mobile devices. It does the heavy lifting between a girder and its towers or tower-to-tower information keeping the entire service running properly. It has been al s Listed for two decades and active around the world, especially in developing countries where mobile services overtook wired services decades ago. With the rollout of 5G in developed and developing countries later on, CRNT will have a lot of business on the agenda for the year ahead. The stock is up 109% over the past year and has a market capitalization of $ 380 million. So it has the size to continue growing. FinVolution Group (FINV) Source: PopTika / ShutterStock.com What does the Chinese market not have compared to the US market? 1.5 billion people. That means there are more rich people, more middle classes and more workers. And since platforms for this demographic data are being built here, there are many growth opportunities in this young market. Because of this, it’s always exciting to find promising stocks under $ 10 that haven’t been offered to the moon by western investors. FINV is one of them. It connects underserved borrowers with banks that can lend them money. And it’s a purely digital platform. Given the recent crackdown on lenders by the Chinese authorities, the fact that FINV got through unscathed shows that its platform is doing well. 8 cheap stocks to buy with your next stimulus check The stock is up 62% over the past year, has a dividend of 3.42% and a current price / earnings ratio (P / E) below 5. Yowza. Himax Technologies (HIMX) Source: Shutterstock One of the big trends of the last decade has been the transition from chip makers who had their own manufacturing facilities (they built and designed their chips themselves) to fabless chip makers (companies who designed and designed the chips) had someone else make them). The trend is towards fabless chip manufacturers who work with a handful of specialized entrepreneurs s work together to manufacture the chips according to the specifications of the chip manufacturer. HIMX is a fabless chip manufacturer headquartered in Taiwan, one of the world’s chip manufacturing capitals. The company is a leader in integrated circuits that can be found in every conceivable consumer device. And while the big names hit the big time, HIMX is still a stock under $ 10. But it has a market cap of $ 1.7 billion. And the investors begin. It’s up 162% over the past year, but it’s up 174% over the past three months. Don don’t wait for this one. iBio (IBIO) Source: Shutterstock When making a list of stocks under $ 10, it is almost mandatory to use a biotechnology or two. It is in the nature of these companies to find a unique niche with a therapy or technology and then find a solution to show proof of concept. IBIO has two different sides to its business – a CDMO and a biotech business. A CDMO is a contract development and manufacturing organization, which means that other drug companies enter into a contract with it to get drugs through clinical trials and then manufacture the drug in advance of the trials. This helps pharmaceutical companies stick to research and development instead of engaging in drug studies. It also features a unique FastPharming technology that can shift production from gene sequence to protein production in just three weeks. There is also a vaccine candidate against Covid-19 as well as one against swine flu in pigs. 9 stocks are currently selling at a discount stock is up 470% over the past year, but there’s a lot more to this than just Covid-19 hype. Kopin Corp (KOPN) Source: Gorodenkoff / Shutterstock.com A sector that the Most investors overlooked the defense sector when looking for small stocks under $ 10. Most people know the big names and assume that they or their various departments make up a lion’s share of the business. However, there are numerous sub-contractors out there who specialize in niches that large companies don’t deal with – until they get bigger. And this is where KOPN fits into the game. It is a technology company that makes microdisplays for headsets and hand controllers with Augmented Reality (AR) and Virtual Reality (VR). This makes it an important niche player in the armed forces for pilot helmets and training displays. The stock is up nearly 980% over the past year, which sounds crazy, but hasn’t yet entered the larger corporate markets or really expanded into the defense sector. Ribbon Communications (RBBN) Source: Fit Ztudio / Shutterstock.com The only thing the pandemic has done is lower the volume on many of the other trends that are emerging in the marketplace. One of the big challenges is the transition to mobile 5G technology, which comes with increasing computing power, including a growing number of smart devices. In order for all of this to work, you need telecommunications software solution providers who operate in the wireless and wired space so that telecommunications providers can maximize their systems. That’s what RBBN does. And that’s probably why you haven’t heard of it yet. This is a behind the scenes player who is rarely in the spotlight but does a very important job of keeping the headline companies in the headlines. The 7 Best Dividend Stocks To Buy In The Market Today The company has a market cap of $ 1 billion, so it’s not a small company. The share is up 142% in the past year and in the last th three months increased by 100%. It’s also a solid takeover target for a larger telecom. StoneMor (STON) Source: Shutterstock There are two things in life that are certain: death and taxes. STON is not a tax company. It is one of the leading cemetery and funeral home businesses in the Mid Atlantic, Northeast and Midwest. It currently has 315 cemeteries and 82 funeral directors in approximately 26 states and Puerto Rico. The company recently sold its operations in the west to better focus on the markets in which it already operates. They weren’t a big part of the activity and probably weren’t worth the effort of opening a new region. Given the aging population and consolidation in this industry, STON may not be a sexy stock, but it is in a solid market. The stock is up 146% over the past year, and recent sales from the west mean more money to expand in core markets. At the time of writing, Louis Navellier has a position on HIMX for this article. Louis Navellier held other positions (either directly or indirectly) in the securities referred to in this article. The InvestorPlace Research associate primarily responsible for this article has not held (either directly or indirectly) any positions in any of the securities referred to in this article. Louis Navellier got off to an unconventional start as a college student who accidentally built a beating stock system – with returns that even rivaled Warren Buffett. In his latest achievement, Louis discovered the « master key » to benefit from the greatest technological revolution of this (or any) generation. More from InvestorPlace Why Everyone is Investing in 5G All FALSE top stock pickers reveal their next 1,000% winner It doesn’t matter whether you’re making $ 500 million or $ 5 million in savings. Do this now. The sub-$ 10 Post-7 stock, which was due to be bought in February, first appeared on InvestorPlace.
Gold cans, but silver (finally) returns!
Already one trading month in 2021 was burned, with the gold price mostly churning up. In the settlement of the week yesterday (Friday) around 1850, this was not only the sixth trading day in a row on which this price was traded, but also 13 of the last 15 trading days.
AT & amp; T stick: money for bits
AT & amp; T (NYSE: T) bought DirecTv and Time Warner over the past decade after believing that moving only parts was bad business. With 5G and the promise of machine internet, bits are becoming very good business. The question is whether T-Shares can turn the tide. Source: Jonathan Weiss / Shutterstock AT & amp; T opened for trading on Jan. 29 for $ 28.80. It traded above $ 38 before the pandemic but has only briefly exceeded $ 30 twice since it began. This is despite the fact that WarnerMedia’s television and film studios, its programming libraries, and CNN are the main pandemic asset. As of January 27, the company had cash flow from operating activities of $ 10.1 billion on sales of $ 45.7 billion. But his past still haunts. The company has written off $ 15.5 billion from its « video business » and posted a net loss of 75 cents a share. InvestorPlace – Stock Market News, Stock Advice & amp; Trading Tips T-Share and the Video Disaster While the numbers beat estimates and were dubbed a « good quarter » by analysts, stocks only hit $ 30 briefly before returning to their pre-earnings price. At the current price, the company’s dividend of 51 cents / share is an incredible 7.14%. It’s now clear that former CEO Randall Stephenson, who bought DirecTv and later WarnerMedia, was one of the biggest business mistakes of the 21st century. The 7 Safest Stocks to Start on the Right Foot in 2021 at DirecTv cost $ 67.5 billion, including taking on debt. AT & amp; T recently obtained bids on the asset, which amounted to $ 15 billion. WarnerMedia cost $ 108.7 billion, again including debt. The turnover from n WarnerMedia was down 21% in the quarter due to cable cutting and less advertising. During the quarter, AT&A decided to Also, don’t post future movies on its HBO Max streaming platform while they hit theaters. This increased the subscriptions to 41.5 million, but less than half of the current HBO subscribers eligible for the package have signed up. The company eventually signed Distribution de also with Roku (NASDAQ: ROKU) and Amazon (NASDAQ: AMZN), but the damage in the fourth quarter was evident. CEO John Stankey blamed COVID for the problems with WarnerMedia. He promised that an ad-supported version of HBO Max would be released in the second quarter. More Bits The basic business of AT & amp; T with moving bits has done well. 800,000 net postpaid mobile customers were added in the quarter. Churn was only 0.76%. The company also added 273,000 new AT & amp; T Fiber customers added. The future is not all bright. Comcast (NASDAQ: CMCSA), Charter Communications (NASDAQ: CHTR), and DISH Network (NASDAQ: DISH) may have teamed up to buy a competitive 5G frequency position, albeit at nosebleed prices. The results will be announced later this quarter. But AT & amp; T already has its network resources up and running. Invested US $ 2.1 billion in the fourth quarter. New equipment is expensive, but it can be plugged into the existing network, which is very profitable. While most of the attention is focused on the « C-band », 5G signals run at around 4 GHz (WiFi runs at either 2.4 GHz or 5.5 GHz) in three different bands. These range from the old broadcast spectrum at 450 MHz to the earlier satellite spectrum at over 50 GHz. The peak data rates for a mature network can be achieved in any r network cell up to 20 Gbit / s down and 10 Gbit / s up, with all data subject to a backhaul. This means that 5G services, along with the current cellular distances, can run on either very short or very long distances. This means that backhaul, which AT&T has in abundance, is becoming more important. This means that new applications in factories, homes and cities, the so-called machine internet, are on the way. The bottom line AT&A T is burdened by his past mistakes. Because of this, the stock has gone down, and the shares of competitors like T-Mobile US (NASDAQ: TMUS) have risen. But there are also opportunities ahead of us. When AT & amp; If you can’t use its asset base, huge profits can be made over the next decade. You can get a 7% return while you wait. At the time of publication, Dana Blankenhorn owned shares in AMZN and T. Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow by Moore’s Law, available on the Amazon Kindle Store. Write him to firstname.lastname@example.org, tweet him to @danablankenhorn or subscribe to his substack https://danafblankenhorn.substack.com/. More From InvestorPlace Why Everyone Is Investing In 5G All FALSE Top Stock Pickers Reveal Their Next 1,000% Winner It doesn’t matter if you save $ 500 or $ 5 million. Do this now. The contribution AT & amp; T Stock: Money for Bits first appeared on InvestorPlace.
10 Ways To Reduce Your 401 (k) Taxes
How you make a 401 (k) distribution can have a significant impact on your taxes. Read about 10 ways to reduce the tax you pay on 401 (k) withdrawals.
Barron’s Latest Picks and Pans: Roundtable Picks, Quantumscape, Commodities, and More
This weekend’s Barron cover story explains why the online renegades who have taken the investing world by storm are just getting started. Other articles feature Barron’s roundtable stock picks for 2021, examining how retailing has changed over the past century, and considering what the markets are up to in February. Also the outlook for an EV battery manufacturer, infrastructure inventory, raw materials and more. Cover story « The GameStop Insurrection Has Just Begun » by Avi Salzman and Connor Smith discuss how a group of online renegades took the investing world by storm. Investors can hear the stupidity of AMC Entertainment Holdings Inc (NYSE: AMC), Bed Bath & amp; Beyond Inc. (NYSE: BBBY), GameStop Corp. (NYSE: GME) and others, the article says, but the market may never be the same. Lauren R. Rublin’s « Roundtable: 22 Ways To Invest In The Future » features the most popular 2021 stock picks from Barron’s Roundtable members. Learn why these recommendations are Boston Beer Company Inc. (NYSE: SAM), Deere & amp; Corporate (NYSE: DE) and Prologis Inc (NYSE: PLD). In « Commodities Are Starting To Rise. Play With These Stocks and Funds, » Andrew Bary argues that as the world economy reopens and inflation increases, energy, metals and agriculture will all rise. Time to check out Freeport-McMoRan Inc (NYSE: FCX) or Newmont Corporation (NYSE: NEM)? Lithium-ion battery maker Quantumscape Corp (NYSE: QS) has pioneering battery technology. Al Root says: « QuantumScape is only started by promise ». What won’t be there in five years is a lot of sales, and yet the share price has risen more than 300% since August. The focus is on Kenneth G. Pringle’s « From Dried Goods to Dot-Coms, How Shopping Has Changed in the Last Century » on how the arrival of statewide chains and department stores in the early 1900s changed the way people shop in America and the US, as does Amazon.com, Inc. (NASDAQ: AMZN) now. « As GameStop and the Little Guys rise, Big Tech Gets Forgotten, » by Eric J. Savitz points out that Apple Inc (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) profits confirmed their dominance Market Reaction Indicates This Is Some Concerns About These Stocks. See Also: Gasoline Gas Bulls And Bears Of The Week: Apple, Boeing, Netflix, Starbucks, and More Infrastructure, including utilities, toll roads, airports, and renewables, can have some good ones Providing returns when investors look to the right places, according to Lawrence C. Strauss’ « infrastructure stocks and funds offer solid dividend yields. Here is where to look. « Is Crown Castle International Corp (NYSE: CCI) worth a look? How about NextEra Energy Inc (NYSE: NEE)? In » Blacklisted investors in China may be in abeyance, « Reshma examines Kapadia has options for smaller investors with American depository receipts from blacklisted Chinese companies to try to sell their shares. Ben Levisohns « It was a rough January. Get ready for an even worse February, « it said this should be the Teflon stock market, capable of absorbing political turmoil, a resurgent virus, and mediocre data to keep rising. Then came Reddit. What’s next for the likes of Johnson & Johnson (NYSE: JNJ) and Facebook, Inc. (NASDAQ: FB)? Also in Barrons This Week: The Rise in Volatility as a Warning Signal for Retail Investors Why Investors With Biden’s Patience Regarding are satisfied on China According to GameStop and WallStreetBets, the New Rules for Stock Trading How Investors Can Play a Reddit-Powered Market How Small-Cap Fund Managers Navigate the GameStop Chaos Whether More COVID-19 Manufacturing Partnerships Are Imminent Looking for a turnaround in weak gold prices Whether it’s time for climate risk disclosure, why it’s not a challenge to fill the wealth gap, but rather many interconnected women making waves in the spirit world, at the time of this writing, the author did not hold a position in the named stocks. Follow Benzinga on Twitter to keep up with the latest news and trading ideas. Photo by M. B. M. on Unsplash. For more info from Benzinga, click here for Benzinga option dealsBenzinga’s Bulls and Bears of the Week: Apple, Boeing, Netflix, Starbucks and More Notable Insider Buys from Last Week: Green Brick, Intel, Teledyne and More © 2021 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.
Two oil reserves in 2021
The oil industry is finally recovering after a brutal year, and two companies in particular should benefit alongside oil prices
FuelCell Stock could lose some power
FuelCell Energy (NASDAQ: FCEL), a leading developer of hydrogen fuel systems, has been one of Wall Street’s favorites lately. Since late October, the FCEL share has risen from $ 2 to $ 23. The market cap is now $ 7.4 billion. Source: Kaca Skokanova / Shutterstock Of course, the entire fuel cell sector was on fire. Check out other players in the room like Plug Power (NASDAQ: PLUG), Ballard Power Systems (NASDAQ: BLDP), and Bloom Energy (NYSE: BE). Wall Street expects the fuel cell market to be big enough for several large companies. Last week we got the latest on FuelCell’s performance as the company announced its fourth quarter results. The profits were indeed mixed. While revenue rose 54% year-over-year to $ 17 million, revenue only rose about 17% for all of 2020. InvestorPlace – Stock Market News, Stock Advice & amp; Trading Tips This is an indication of the volatility of business based on large contracts. The company’s backlog declined 2.5% to $ 1.29 billion last year. FuelCell also continues to show significant losses. For 2020 it was $ 89 million in the red. 7 Safe Stocks to Buy for Solid Returns in Turbulent Times The company has certainly been aggressively expanding its infrastructure. Here are some of the highlights of the fourth quarter: In Tulare, California, a 2.8 megawatt biogas platform was completed. FuelCell has nearly completed an 8.8 MW power platform for the U.S. Navy in Groton, Connecticut, and a wastewater treatment plant in San Bernardino, California. The company began building a 24.5 MW project in Yaphank, New York and Derby, Connecticut. The project includes a system for Toyota (NYSE: TM). In the meantime, the company has been working hard on it To raise capital. It has received several grants from the US Department of Energy. FuelCell also raised $ 156.3 million with a new secondary offering of its stock. Industry Transformation The long-term prospects for hydrogen and other forms of alternative energy have a ppear to be robust. Alternative energy is becoming more efficient and cheaper. Of course it’s cleaner too. Hydrogen is particularly clean when it is generated using electricity from solar and / or wind energy. Such hydrogen is also renewable. The Biden administration is certainly positive for the industry. It has already re-joined the Paris Agreement to fight climate change. This move will give the hydrogen industry a boost. Jason Few, CEO of FuelCell, stated, “Based on the original policy objectives set by the new White House administration, we expect clean energy and climate policies in the US to gradually match the pace of progress in other markets such as Europe and Asia corresponds. and to be favorable to the development of the growing hydrogen economy. “However, I think investors should temper their expectations. The fact is that the main priority of the Biden government is the Covid-19 pandemic and dealing with this pandemic will require a lot of time and significant resources. The Democrats also have the thinnest possible majority in the Senate. As a result, they may find it difficult to raise support for several ambitious programs. Also, given the country’s huge budget deficits and debt, the government may not have enough resources for many such initiatives anyway. The conclusion of FCEL Stock FuelCell Energy will certainly benefit from the new energy transition. However, valuing its stocks is a very real issue. As a result, many Wall Street Ana face lysts on FCEL stock are generally bearish. For example, look at JP Morgan’s Paul Coster. In a recent report, he downgraded FCEL stock to the equivalent of a sell rating, despite increasing his sales and earnings guidance for the company. And he has a target price of $ 10 on the name, so he expects it to be down more than 50% from current stock levels. Note that no analyst has a buy rating on FCEL stocks. As for Ana, lysts’ average target price for the stock is $ 13.60. Of course, Wall Street analysts are far from perfect. On the other hand, their average outlook for FuelCell is pretty negative. And with the stocks trading at 67 times the company’s lagging sales, it’s going to be really difficult for the stock to maintain its strong momentum. At the time of this writing, Tom Taulli held positions (neither directly nor indirectly) in any of the securities identified in this article. Tom Taulli (@ttaulli) is the author of several books on investing and technology, including Artificial Intelligence Fundamentals, High Profit IPO Strategies, and All About Short Selling. He is also the author of courses on subjects such as the Python language and COBOL. More From InvestorPlace Why Everyone Is Investing In 5G All FALSE Top Stock Pickers Reveal Their Next 1,000% Winner It doesn’t matter if you save $ 500 or $ 5 million. Do this now. FuelCell’s Share Could Lose Power Post first appeared on InvestorPlace.