World news – US – $ 300 million in bitcoin flowing to Binance from Huobi as China tighter tighter on exchanges

While the Chinese government is cracking down on the various cryptocurrency exchanges catering to the needs of traders in China, many of these clients – and their bitcoins – have been making their way to Binance over the past few days..

Bitcoin flows to Binance from Huobi have reached an all-time high since Huobi’s chief operating officer, Robin Zhu, disappeared in November.. 2. According to data provided by CryptoQuant, a total of 18,652 Bitcoins worth approximately $ 300 million were transferred from Huobi to Binance from that day until November.. 11.

“A lot of users have gone to Binance because Chinese users are more familiar with Binance and Binance executives are all out there,” Colin Wu, the Chinese cryptocurrency correspondent in charge of TwitterWuBlockchain, told CoinDesk via WeChat message.

A Binance spokesperson declined to comment on any impact China’s crackdown on its business may have.

For months, Chinese regulators have been lobbying several cryptocurrency trading platforms that primarily cater to Chinese clients.. Some of these exchanges appear to have close, albeit informal, ties with the Chinese government.

Zhu’s whereabouts remain unclear since rumors began circulating in early November alleging that he had been arrested by « local officials. ». « Huobi Token (HT) prices have dropped to $ 3. 744 in November. 3, down 11. 3% off $ 4. 22 in November. 1, according to the electrodes.

On rival exchange OKEx, which has deep ties with China, all withdrawal services remain suspended after it said that the holder of the private key required to allow withdrawals was out of contact while cooperating with public security investigators in China. OKEx’s original OKB token lost nearly 30% of its market value after the news broke.

Other exchanges also feel the heat. In November. 9, The person who runs TokenBetter, another crypto exchange with most Chinese users, is reportedly « under investigation. ». TokenBetter banned the withdrawal service in October. 16.

This is not the first attempt by regulators in China to crack down on cryptocurrency exchanges. Bitcoin exchanges took orders to close their business in China after the country banned cryptocurrency trading activities in 2017.

Huobi is now headquartered in Seychelles, while OKEx is located in Malta. It’s unclear where Binance’s main business operations are located – Changpeng Zhao, CEO of Binance, told CoinDesk that his company’s locations are « decentralized. ».

Huobi did not answer CoinDesk’s question about Zhu’s current whereabouts, but in a WeChat message, Ciara Sun, Vice President of Huobi Global Markets, wrote that all operations in the company are « normal ».

She continued, « Don’t hear the rumors. ». Huobi reserves the right to pursue the legal responsibilities of those who spread rumors.

Many have linked OKEx’s lost connection to a master key holder with the arrest of co-founder Mingxing “Star” Xu.. With Huobi CEO arrested, users fear the same things will happen to the Seychelles-based exchange – even though Huobi has ensured to its users many times that it maintains its normal operations..

Multiple sources close to OKEx and Huobi told CoinDesk that the new campaign is linked to China’s efforts to combat money laundering and fraud, and is unlikely to have any connection to China’s offering of its central bank digital currency (CBDC), which is digital.. yuan.

Felix Wang, managing director and partner at financial investment research firm Hedgeye, told CoinDesk in an interview, « [China] doesn’t want [Renminbi] digital products to be disrupted by what is already in the financial system. ». The government wants to encourage innovation and development. They just want to crack down on products they think are misleading to the public.

Cryptocurrency exchanges have not been the only target of Chinese regulators in recent months. Perhaps the most famous case is the Ant Group’s initial public offering, which was suspended on the Shanghai and Hong Kong stock exchanges after the company’s founder, Jack Ma, criticized the regulators in China in a speech in October.. . 24.

The likely, positive and long-term outcome of the stock market crackdown could be that it could encourage regulators in China to push some kind of compliance process for cryptocurrency exchanges rather than ban them, according to Howe Wang and CEO of Hong Kong-based crypto broker CyberX.

Wang told CoinDesk in a WeChat message: “Most of these missing Huobi users will eventually flock to white-flagged exchanges because most traders [in Asia] currently cannot access trading platforms with regulatory compliance.”.

However, as China increasingly tightens its grip on the fintech industry, others are also concerned that it will hurt the fintech industry as a whole – including the blockchain – as these companies expand their business overseas..

“Sentiment is very bad for all countries outside of China looking to do business with China at this time,” Wang said.. “People were concerned when China introduced these small financial regulations. They are now thinking that this will be part of a small step in a larger campaign on fintech and payments related to financing and possibly blockchain..

Chinese electric car maker Li Auto rose by as much as 25% during Friday morning’s session after reporting outperforms in its first quarterly results since it was released to the public..

Nio Inc’s (NYSE: NIO) sparkling rally halted Friday after short seller Citron Research spoiled the party by suggesting that EV’s astronomical valuation has become unwarranted. Nio’s Rally Rally and Hard Fall: Nio Stock, which ended 2019 at $ 4. 02, began to turn around as post-COVID recoveries in deliveries. The rally has gained momentum amidst the company’s conscious efforts to innovate and cut through and work further on its service-focused approach.. Ahead of Friday’s session, the stock is up nearly 1,100% compared to Tesla Inc (NASDAQ: TSLA) advancing 392%.. . Nio started Friday’s session strongly, thanks to the strong quarterly results reported by its local counterpart Li Auto Inc.. (NASDAQ: LI), and $ 54. 20. It only took six sessions for the stock to go from $ 40 to $ 50. However, stocks came under severe selling pressure after the Citron report in which the company gave Nio shares a $ 25 price target. After dropping nearly 16% at some point in the session, the stock trimmed its losses somewhat to close down 7. 7% at $ 44. 56. Related link: Nio, Li Auto makes big moves after Xpeng’s Q3 results Is there an advantage to Citron’s argument? Citron Guitar on Nio is losing market share due to Tesla pricing, especially the « Made in China » Model Y, competitively. Yo. s. The price cuts of the electric car giant could undoubtedly hurt. However, Nio has carved a niche of its own with its technological prowess and service-focused approach to attracting customers. After unveiling a 100 kWh battery recently, the company is said to be working on a 150 kWh battery, which could nearly double the range of its electric vehicles. According to reports, the company is also working on developing internal chips for its ADAS system. The company managed to raise the level of mental engagement among consumers. “There is overwhelming evidence that consumers are increasingly seeing Nio as a ‘premium quality brand’ with best-in-class technology and service,” Deutsche Bank analyst Edison Yu said in a late September note.. . The company has made its cars affordable for everyone by introducing a Battery-as-a-Service system, which significantly cuts menu prices. Nio is also looking to expand internationally and is said to be building a separate team to work on a roadmap to export vehicles to Europe.. Can Profits Save Stocks? Nio is set to announce its fiscal third-quarter results next Tuesday before the market opens. Analysts estimate, on average, a loss of 17 cents per share on revenue of $ 652. 77 million. This is a significant improvement from a $ 2 loss. 38 per share and $ 262 earnings. 47 million were reported for the last quarter. Nio deliveries in the third quarter jumped more than 150% year over year to 12,206, setting a quarterly record.. Strong momentum continued in October, as the company reported a 100% increase in deliveries to a record 5,055 units for the month.. Evaluation extended? The increase in the second quarter made Nio’s valuation unattractive and unsustainable. For this issue, most EV stocks are foaming and located in the bubble area. However, Nio has shown discipline and proactive in improving its fundamentals and is in the right place for the burgeoning Chinese EV market.. Basic performance in the coming months will be key to the stock’s trajectory. See more of Benzinga * Click here for option deals from Benzinga * Nio, Li Auto makes big moves after Xpeng Q3 results * Nio reveals 100 kWh battery, upgrade plans: What investors should know (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.

Markets continued their bullish trend this week, and gained ground since the November 3rd vote. There is an optimistic view that policy will settle into a more natural pattern with a new administration. However, investors were wary last fall – there is a lot to be careful about. Coronavirus has begun to emerge as colder weather emerged, and the political uncertainty surrounding the elections left the state of additional economic stimulus packages in limbo.. . At times like these, investors begin to take an interest in dividend stocks again. These are classic defensive stocks, and with good reason: a reliable return that keeps income flowing, no matter what the markets do. Wall Street analysts have shared – they recommend high yielding stocks to investors looking to protect their portfolios.. Here, we’ll look at three stocks that fit a profile: a strong buyout rating from the analyst community, and a dividend yield that gives at least 10%.. Stellus Capital (SCM) Stellus Capital offers capital solutions (read: debt financing) to companies in the lower middle market range. These are companies that may find it difficult to access capital through large banks; Stellus bears the higher risks as an investment opportunity. The company’s financial portfolio includes 67 companies, with one dollar. $ 6 billion in assets under management, and more than $ 6 billion in total funds invested. Stellus has been raising its dividend payments this year. The following dividends for December have already been announced, showing an effective increase to 31 cents per common share. This comes from combining the regular payment of 25 cents with a special dividend of 6 cents, and after the company paid 25 cents a share in the previous two quarters.. A regular dividend account, paid annually to $ 1 per common share, gives a return of 10. 91%. Analyst Robert Dodd, written by Raymond James, says, “Core earnings covered core dividends in the third quarter of 2020, and the strong indirect situation should soften dividends in 2021.. We continue to display risks / rewards attractively. The analyst added, “The SCM pipeline looks strong, with about 10 portfolio companies going through various stages of due diligence.. Payments made in the fourth quarter of 2020 could reach $ 30 million – with a modest positive impact on net asset value from exits above fair value markers in the third quarter of 2020. To this end, the Dodd ranks SCM as superior performance (i. e. Buy) along with a $ 11 price target. This number indicates a rise of 17% from current levels. (To see Dodd’s history, click here) Overall, the Stellus Analyst Strong Buy consensus rating is based on 4 reviews, including 3 purchases and 1 contract. The stock is selling for $ 9. 43 and his average target price is $ 10. 17 indicates it has a 1-year rise potential of ~ 8%. (See SCM stock analysis on TipRanks) WhiteHorse Finance (WHF) next is WhiteHorse Finance, another BDC. WhiteHorse’s focus is on small businesses, valued at $ 50 million to $ 350 million, and WHF investments are typically in the $ 10 million to $ 50 million range.. WhiteHorse has a net worth of more than $ 595 million. A better outlook for the future, based on earnings redemptions, gave a firm basis for dividend payments, and WhiteHorse maintained 35. 5 cents regular return. Built with 12. Special dividend of 5 percent, that makes the last payment of 48 cents per common share. The yield is heaven 12. 29%. Oppenheimer analyst Chris Kotovsky expressed optimism about WhiteHorse, noting that, «  WHF reported net base investment income for the third quarter of 2020 (NII) of $ 0. 38 / share for our $ 0. 32 Appreciation and Consensus’ $ 0. 29 H.. The bottom line was bolstered by the recovery in interest, but we were encouraged the most by growth and improvement in asset quality. $ 58. 3 million financing activity was only partially compensated with $ 26. 5m of reimbursement, driving ~ 8. 8% quarterly growth in investments along with a significant rise. The five-star analyst added: “Management seemed optimistic about the loan growth prospects, saying it was perhaps the best environment they had seen since 2012-2013, and it was clear that they had the ability to put capital into action.. . Current gross leverage 0. 94x (and net 0. 87x) less than 1 management. 00-1. 25 times the targeted leverage, leaving ample room for growth in the coming quarters amid a robust investment pipeline. As a result, Kotowski gives the arrow a superior performance (i. e. Buy), and its $ 15 target means a solid 29% rally for next year. (To see Kotowski’s record, click here) Overall, WhiteHorse enjoys a unanimous consensus on the Strong Buy analyst rating, with 3 buy-side reviews recorded. The stock is currently priced at $ 11. 65 and $ 13. 25 average price targets point to a one-year rise of 14%. (See WHF stock analysis on TipRanks) Capital Southwest Corporation (CSWC) last but not least Capital Southwest, another Texas-based company that is in the business development sector. CSWC focuses on lending and credit options for mid-market companies. Capital Southwest boasts a portfolio of $ 664 million invested in 69 companies and has more than $ 150 million in available liquidity.. Revenue has been recovering since turning negative in the first quarter, at the height of the Corona crisis. Sequential earnings in the first and second quarters increased quarterly revenue to $ 21 million, while earnings in the third quarter showed a strong rise to 45 cents per share, the highest value in more than two years.. The increased profits have allowed Capital Southwest to continue its history of reliable dividend payments. The company increased its dividend through 2020, and kept paying 51 cents throughout the year. 10. A 5% return is 4 times higher than the average found among peer firms in the financial sector, drawing the attention of distributed investors to CSWC. Among CSWC’s fans is JMP analyst Devin Ryan, who evaluated the stock for purchase and gives it a $ 17 price target.. (To view Ryan’s record, click here) “Overall, we believe that the quarter results have been strong and that Capital Southwest is one of the most attractive ways to gain exposure to low and medium market facilities.. We highlight improved credit quality, strong portfolio growth, a robust deal flow pipeline, sustainable core / complementary earnings, and management focus on expenditures as reasons we believe the stock is in a position to outperform, « . Overall, CSWC has a solid buy rating from consensus of analysts, with 3 recent purchase reviews and 1 comment. The average target price for stocks is $ 15. 67, which is roughly constant compared to the current trading price. The real return here is in profits. (See CSWC stock analysis at TipRanks)

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said he conducted four tests for COVID-19 on Thursday, two of which came back positive. What happened: Musk said on Twitter that something « very fake is happening » while he tested for COVID-19 four times. “Two tests came back negative, and two came back positive. Same machine, same test, same nurse. « The billionaire businessman said he underwent rapid antigen tests from Becton Dickinson & Co.. (NYSE: BDX). Typical cold symptoms. Nothing extraordinary yet. >> – Elon Musk (@elonmusk) November 13, 2020 The CEO also said on social media that he was choosing to run the polymerase chain reaction (PCR) tests from another lab and that it would take 24 hours to get the results. > If this happens to me, it happens to others. I obtain PCR tests from separate laboratories. The results will take approximately 24 hours. >> – Elon Musk (@elonmusk) November 13, 2020 Musk agreed with a Twitter user who assumed that the proceeds from the tests were « likely not spurious [and] very consistent. Why it matters: Musk has called for an end to lockdowns by tweeting « FREE AMERICA NOW » amid the pandemic. He had argued in favor of reopening the economy with « proper sponsorship [and] protection » and equated closure with house arrest. Managers at the Tesla plant in Fremont, California asked some employees to return to work in April despite infringing health orders prevalent in the area.. In March, Musk wrote on Twitter that children were « basically immune » to COVID-19, prompting Twitter Inc (NYSE: TWTR) to argue about not removing the post, The Verge reported.. Price Action: Tesla shares closed roughly 1. 30% less at $ 411. 76 on Thursday and fell 0. 18% in an after-hours session. See more of Benzinga * Click here for option deals from Benzinga * The China-made Y Model from Tesla threatens Nio’s growing dominance, Bloomberg analysts say * Rivian says all of its electric vehicles will now come with the 2020 Benzinga driver assistance system (C). Com. Benzanga does not provide investment advice. All rights reserved.

Tesla Inc (NASDAQ: TSLA) is currently building Gigafactory Texas, which will build Tesla’s Cybertruck, Model 3, Y and maybe more.. The new drone images show the progress of the plant. In a video, the photographer notes some of the many changes observed on the site. Here are some more photos from November 12 in Giga Texas . . . A lot is happening all over the job site! Check out my YouTube video (JoeTegtmeyer) later today for more and more information on what’s going on with the site! Pic. Twitter. com / M75jzDNTnq >> – Joe Tegtmeyer (@JoeTegtmeyer) November 12, 2020 We are starting to see many structures starting to take shape. Most of the vast area of ​​land has been prepared, including more permanent work areas and lots of gravel and backfill for future construction.. Tesla plans to start delivery of the Cybertruck by the end of 2021. Image courtesy of Tesla See more from Benzinga * Click here for deal options from Benzinga * Tesla Gigafactory Shanghai production rate points for annual increase * Waymo suggests «  more advanced volume orders  » from Tesla’s approach to fully autonomous driving (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.

A home loan is a powerful financial tool, even if you have the money to pay directly.

The massive rally in electric car stocks in China was halted Friday after Citron Research targeted short sellers Nio.

(Bloomberg) – Ray Dalio believes global markets are going through a « very special moment », with the rise of China and the relative strength of the U. s. Facing challenges. Billionaire founder Bridgewater Associates said in his video message to the Caixin Summit on Saturday that China’s development is making the country more competitive in attracting global capital.. . He said, « At the same time, there is the rapid development of Chinese capital markets, the opening of markets to foreign investors, the relative attractiveness of them, and the weakness of global investors in them. ». . “This happens when U basics. s. And you. s. The dollar is becoming more and more difficult, making it a relatively competitive place to transfer capital. Dalio’s comments reinforce recent remarks in which he said he sees the need to own a « significant portion » of Bridgewater’s portfolio in Chinese assets.. His viewpoint comes from an analysis of history and more than 50 years of experience as a major investor who loves to « bet what I think will happen, » he says.. On Saturday, Dalio said, while China’s development of a reserve currency and its financial markets has lagged behind other aspects of its economy over the past few decades, it will « definitely catch up », citing the nation’s share in global trade and its size.. Economy. For more articles like these, please visit us at Bloomberg. comSubscribe now to keep up with your most trusted business news source. © 2020 Bloomberg LLC. s.

Pfizer stock jumped in early November after pharmaceutical company Pfizer’s coronavirus vaccine tested 90% in a final phase study. But if the drug company’s stock is now buying?

Atlas Air Worldwide Holdings (NASDQ: AAWW) last week announced an eight-fold increase in adjusted net income and a 25% increase in revenue in the third quarter compared to a year ago, but will not return $ 406 million in emergency aid for the Coronavirus in the past week. United State. . s. The government intends to financially affected airlines to retain workers. The wholly cargo carrier and charterer fully qualified for the federal funds because there was no guarantee that the air cargo market would thrive at the time, the program was not needs-based and the money was directed toward employee compensation, as Congress wanted in CARES CEO John Dietrich insisted, Released in March, during a conference call with analysts to discuss the financial results. «  What we assessed was sort of a totality of our circumstances, including some challenges that immediately emerged when COVID struck. There was an enormous amount of uncertainty. Dietrich said China had virtually closed its doors not only during the Lunar New Year, but for weeks after that, as we witnessed a significant impact on our business.. Earlier in the call, it was suggested that subsidiary carriers Atlas Air and Southern Air introduced a 10% payment bonus in May to compensate pilots for the hardships operating in the COVID hotspots, but union members say a 10% wage increase was already discussed before the Act. CARES Grants were awarded in response to a suggestion from Local 2750 and that it is relatively meaningless as compensation is still 50% less than their peers. Replay / count. James Clairn, DS. C. Last month, the chair of the House Select Subcommittee on Oversight and Reform on the Coronavirus Crisis said that four cargo airlines were not eligible for payroll assistance because cargo business, unlike passengers, was booming, and he asked them to return a total of 630 million Dollars. Passenger airlines have split $ 25 billion in grants under the Payroll Support Program, which is designed to cover basic employee salaries and benefits for six months as the industry slashes expenditures to counter the devastating impact of shutting down nearly all passenger businesses for two months as the pandemic spreads.. The air freight companies also received $ 4 billion on the condition that no workers were left behind. But the air cargo industry, especially companies that operate large cargo ships, is thriving. A 30% shortage in air transport caused by the loss of abdominal capacity in grounded passenger aircraft, combined with strong demand for medical supplies for COVID-19 and a shift in spending toward goods rather than services, has forced shippers to pay the highest dollar value or fall behind.. The rates are two to four times larger than last year, depending on the route, and were more – about $ 20 a kilogram – during the scramble to export personal protective equipment from China last spring.. Atlas Air, which counts Amazon, DHL, and Alibaba among its top customers, ended the third quarter with $ 729 million in cash and short-term investments compared to $ 114 million, and a debt-to-earnings ratio of 2.. 5 times less than the same period last year. It expects revenue to increase by an additional $ 40 million in the current quarter and adjust net income to grow by 25% from the quarter ended September. 30. « It wasn’t something we had to demonstrate our need to be able to pay on payroll, » Dietrich said.. « But for all these reasons . . . We do not intend to return the funds, and we responded accordingly and were in full compliance, not only with the request of the committee, but also with the sharing of the documents etc. that they requested, and we will continue to cooperate fully. « The Coronavirus Monitoring Subcommittee has not disclosed the communications it has received, if any, from Atlas, Emirjet, Caletta Air and Western Global Airlines.. Several airport support service companies have also called for accepting money and then laying off thousands of employees. Business relations between the Etihad, which represents Atlas Air pilots, and the company are at an all-time low after negotiations on a new contract continued for four years.. Using the hashtag ShameOnAtlas, the pilots, who say the company is stalling because the law does not allow them to strike, mock Atlas on Twitter for taking a government rescue plan.. Click here for more FreightWaves / American Shipper stories written by Eric Kolesh. RECOMMENDED READING: Democratic House of Representatives tries to restore COVID aid from air freight companies Federal aid provides a temporary lift as airlines face unprecedented dismantling that grants $ 58 billion stimulus bill to stabilize airline industry clogging cargo at US airports as cargo mills proliferate Top Season This Peak Season * Q3 Railway Summary: The Good and the Bad (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.

“Looking to the future, Intel has the most powerful processor roadmap yet. Over the next two years, Apple (stock bar: AAPL) transformed its entire Mac lineup into Intel chipsets. Mac computer sales nearly doubled, paving the way for the iPhone launch and Apple’s skyrocketing rise.

The e-commerce giant’s prospects are sparkling as the Chinese consumer returns. Also, Wall Street opinions on Verizon, Corsair Gaming, Intertape Polymer, and ViacomCBS.

There is a clear conclusion that can be drawn from the US election results – the American people wanted to do away with the drama of both President Trump and the Democratic Party, and they are willing to do so by installing a Democratic president as Republicans gain power in Congress and below the ballot.. A result like this indicates a stalemate in the future, at least in the near term, which in turn could be exactly what those markets want.. A deeply divided government is unlikely to make any drastic changes in policy, to the right or left, allowing the financial world to continue to weigh down straight.. . Which means we could be near the bottom for many stocks with lower equity values. If so, this effect may be more pronounced among the so-called penny stocks, which are stocks that sell less than $ 5.. These stocks are already close to the true bottom of the market, and fundamental statistics show that they are more likely than not going higher. However, before jumping right into investing in a penny stock, Wall Street professionals advise looking at the bigger picture and looking at other factors beyond just price.. For some of the names that fall into this category, you really get what you pay for, and offer very few long-term growth opportunities thanks to weak fundamentals, recent headwinds, or even large hanging equity stakes.. With risk in mind, we used TipRanks’ database to find physical stocks with good price tags. The platform directed us towards two indices with stock prices below $ 5 and « strong buy » consensus ratings from the analyst community. Not to mention the possibility of a huge rise on the table. Sequans Communications (SQNS) Sequans Communications is a chipset manufacturer with a strong reputation in the 4G market and a forward-looking focus on the 5G and IoT sectors.. The company has incorporated several generations of technological advances into its IoT chip designs, and has become a leading innovator in this market.. So far, the chaotic conditions of 2020 have not been easy for SQNS. The company has been hit hard by disruptions in supply and distribution chains, and is down 48% since it peaked in July. On the positive side of the ledger, revenues are up – as they have been throughout the year. The highest streak in the third quarter was $ 14. Million, which is a 15 percent increase over the previous quarter and a staggering 116 percent year-on-year. It is currently running for $ 4. 09 per share, Sequans stocks could see significant gains, according to some analysts. By covering Roth Capital stocks, 5-star analyst Scott Searle pointed to the company’s upbeat potential: “Sequans continues to achieve major milestones in developing major clients and products. The company is putting the company on track to obtain samples in late 2021. Most importantly, in addition to the anticipated $ 10 million 5G strategic opportunity, Sequans is actively working with many additional potential partners.. We believe the company is still uniquely positioned to become a Tier 1 supplier in specialized 5G applications which we expect to represent 10 million units by the 2023-2025 timeframe in FWA Ground, Satellite, Public Safety, etc.. . We highlight that Ericsson continues to expect FWA lines to increase from 51 million in 2019 to 160 million by 2025, which represents $ 500 million to $ 1 billion in full.. . To this end, Searle rates SQNS a Buy with a price of $ 13. If his thesis is successful, there could be a potential 218% profit in the cards. (To see Searle’s record, click here) Sequans holds a unanimous strong buy rating from analyst consensus, based on 4 buy reviews submitted in the past two months.. Moreover, the average target price indicates that it will double 148% from current levels. (See SQNS inventory analysis on TipRanks) Repro-Med Systems (KRMD) next on the list, Repro-Med Systems, is a medical device company.. This small-cap company is competitive – but has a high profit potential when new treatments or devices are approved.. KRMD designs products for infusion treatments and emergency medicine, two vital sectors of the medical market. The company operates under the name KORU Medical Systems. KRMD peaked this year in April, and has lost ground in equity value ever since. The stock is down 69%, despite revenue growth in the first half of 2020. Third-quarter results were mixed. The top streak has steadily decreased to just over $ 6 million, but cumulative sales for the first three quarters of 2020 are up 19% over the same period in 2019.. Operating expenses remained stable, and gross profit was more than 64% of net sales. The company ended the quarter with $ 32. 4 million in net cash available. Kyle Rose, a five-star analyst at Canaccord, sees an opportunity here, especially for investors willing to take some risks.. He writes, “For investors who can play these little names, we see this as a compelling buying opportunity. Headwinds in the third quarter are a challenge in the near term but a far cry from changing the thesis in the long term. We still believe that investors will need to look at previous quarterly / quarterly fluctuations to ascertain long-term annual trends, which still look positive here.. KRMD takes advantage of the ongoing trend away from IV delivery to SC Ig and provides a compelling value proposition that sets the company to emerge as the standard of care for the delivery of subcutaneous drugs in large quantities.. Aware of headwinds, Rose listed KRMD to buy along with a $ 10 target price.. This number indicates strong growth of 164% in the coming year. (To view Rose’s record, click here) This is another stock with strong consensus buying from analysts. This rating is based on 3 purchase ratings, and indicates Wall Street confidence. The average share price is $ 9. 67, indicating a 155% rise from the $ 3 trading price. 83. (See KRMD stock analysis at TipRanks) To find good ideas for trading small stocks with attractive valuations, visit Best Stocks to Buy from TipRanks, a newly launched tool that unites all the stock insights for TipRanks. Disclaimer: The opinions expressed in this article are only those of featured analysts. The content is intended for informational use only. It is very important to do your analysis before making any investment.

The President-elect’s plan would create 401 (k) tax credits for every dollar saved, leveling the playing field by offering the same incentive to provide retirement regardless of worker income. Experts doubt it will move as it is.

Chinese President Xi Jinping personally made the decision to suspend the initial public offering of Alibaba Group Holding (NYSE: BABA), which has been billed as the largest initial public offering in the world, according to the Wall Street Journal report.. . What happened: Ant Group could have raised $ 37 billion in its dual listing in China and Hong Kong, valuing the financial services company at more than $ 280 billion, but Chinese regulators have suspended the listing, citing tighter regulations to protect the financial interests of consumers and investors.. The new regulations will force Ant Group to reformulate its business model of being a bridge between borrowers and banks. If all the rules are implemented, it will require Ant to raise more capital to support the loans it gives to clients and seek national licenses to continue its operations.. Reportedly, Alibaba founder Jack Ma infuriated the organizers in his October speech. 24, as he criticized the Chinese government for strict financial regulations and impeding technological development. Ma said he wanted to help solve China’s financial problems through innovation. Xi and other senior leaders, who had read the government’s reports on the speech, were furious. Xi has reportedly ordered Chinese regulators to investigate and possibly close the IPO. Why it matters: The problems between the growing influence of wealthy businessmen in China and the country are not new. “Nothing really cares about whether or not I made any of those rich lists. What he cares about is what you do after you get rich, and whether you align your interests with the interests of the country, ”a Chinese official said, according to the newspaper.. . Ant Alipay’s mobile payment system is used by nearly 70% of the Chinese population, disrupting the financial system. Ant preferred service companies and small businesses that it ignored the traditional banking system and provided loans to more than 20 million small businesses and nearly half a billion individuals.. Reportedly, the regulators wanted to rein in Ant as long as it was spared the strict regulations and capital requirements that commercial banks would have to adhere to.. Some analysts expect Ant’s value to halve to $ 140 billion due to the IPO suspension and new regulations. Image courtesy: Wikimedia See more from Benzinga * Click here for option deals from Benzinga * These tech giants will bear the brunt of China’s antitrust rules, as Bear Morgan Stanley * another Alibaba-backed grocer suffers a massive data breach (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.

You can use the traditional Minimum Distributions (RMDs) required from the IRA to contribute to a Roth IRA if you have sufficient earned income.

General Electric (NYSE: GE) shares have caught fire since it exceeded the company’s third-quarter earnings in late October, but an analyst said Friday that news of a positive coronavirus vaccine from Pfizer was. (NYSE: PFE) Taurus makes GE better in 2021. GE Analyst: Bank of America analyst Andrew Aubin reiterated its purchase assessment and $ 11 price target for GE. GE thesis: Aubin said the possibility of a return to normal life in 2021 thanks to a coronavirus vaccine makes GE shares « more investable. ». Aubin raised his revised 2020 earnings per share estimate for General Electric from a loss of 22 cents to a gain of 2 cents. Its 2021 estimate also raised EPS from 29 cents to 34 cents. « The path to returning to the average single-digit FCF margin (as a percentage of revenue) by 2022 seems more credible, » Obis wrote in a note.. . He is now expecting a positive $ 4. 7 billion in 2022 free cash flow, up from $ 2. 1 billion FCF loss in 2020. Related link: General Electric jumps on earnings, FCF’s « long before buy-side forecasts » directive says its energy and renewable energy sectors have already returned to profitability as of Q3. At the same time, Aubin said losses in the GE Capital sector were contained. In addition, GE has committed $ 100 million to the ongoing Securities and Exchange Commission investigations into its insurance business, and Opin says the company has already handled it with $ 9.. 5 billion downloads in 2017. Aubin said the possibility of getting a coronavirus vaccine would be widely available by the second half of 2021 along with GE’s recent operating improvements and medium-term growth forecasts, making GE’s stock a buy, even after the recent rally.. . Take a Benzinga: GE investors will likely get tired of hearing how the shift is just around the corner after years of poor performance and lackluster cash flow and earnings numbers, and the stock remains a story-telling at this point.. However, the Coronavirus vaccine will go a long way in eliminating the biggest headwinds of the transformation story of GE.. Image credit: Momoneymoproblemz via Wikimedia Commons * Trump Media Network? The report says it could happen (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.

While NKLA’s story is likely just an anecdote in the 2020 book of devastating developments, it will still constitute an interesting chapter.. There have been a lot of twists and turns already, and its most recent development is Nicola’s return to her original plan. At least that’s what J. s. Morgan analyst Paul Koster believes. Before founder Trevor Milton’s departure, Nicolas was supposed to make a deal with GM. But the auto giant has yet to sign the dotted line, and it remains unclear whether GM will throw its weight behind developing the Badger – an electric Nikola pickup truck.. Nicola announced third-quarter earnings this week but with no product to sell, focus is set on earnings call and information on GM partnership progress.. Coaster says the deal « is still being negotiated. ». However, the analyst believes that Nikola may be preparing for a result as the deal is not completed after all. “Nicola appears eager to go ahead with the GM deal, but we feel the focus is mainly on the Category 8 initiative.. The company may continue to push ahead with the Badger Pickup initiative, but the CFO has stated that it may require a capital increase in 2021 (due to a commitment of up to 700 mm in capital expenditures), while a deal that excludes Badger would put Nicolas to implement, Coaster pointed out. Original truck-only plan in and out of 2022 with nearly $ 300 million in cash in hand. The « best-case scenario » includes « successful negotiations on the GM deal, but there is limited scope to rule out the Badger initiative, » says Koster. It is entirely possible that General Motors will hold out until the SEC issues its review of Hindenburg’s accusations.. The exposed seller claimed that Nicolas was nothing more than a scam committed by Milton, which resulted in the resignation of the founder.. However, for Coaster, Nicola remains « a stock of the story », and the analyst remains on the stage « as long as the company implements the planning, and the stock provides a favorable trade-off between risk and reward. ». To this end, Coster ranks NKLA on weight gain (i. e. Buy) and have a $ 40 share price target. What is the benefit to investors? Huge 88% rise. (To see the Coaster Record, click here) Your Average Street Price Target isn’t much lower; At $ 38. In Figure 5, the number could provide a gain of ~ 80% over the next 12 months. In terms of classification, the result is not completely prolific; Based on 2 buy and hold, each, and 1 sell, the stock has a consensus rating of Hold. (See Nikola stock analysis at TipRanks) To find good stock trading ideas with attractive valuations, visit Best Stocks to Buy from TipRanks, a newly launched tool that unites all the stock insights for TipRanks. Disclaimer: The opinions expressed in this article are only those of a distinguished analyst. The content is intended for informational use only. It is very important to do your analysis before making any investment.

Income investors can still look to the financials. Bank stocks have been hit particularly hard in 2020 by the pandemic, as major exchange-traded funds such as the $ 17 billion SPDR Financial Sector Fund (stock symbol: XLF) have fallen more than 10% this year even as the S&P 500 is moving around 10% higher. Over the past 11 months or so. For the most part, these are modest, trade-focused banks that do not take significant investment risks or other complex operations.

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