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Stocks

“2 “Strong Buy” Penny Stocks That Could See Outsized Gains”

“GlycoMimetics (GLYC)… To this end, Jallah rates GLYC a Buy along with a $15 price target. Shares could appreciate by 567%, should the analyst’s thesis play out in the coming months… The company’s progress has attracted 3 unanimous positive reviews… Continue Reading…

Stocks

“RBC Sees 40%-Plus Upside in These 3 Stocks”

“Splunk, Inc. (SPLK)… The majority of the Street concurs, as among the 17 analysts to have published a call on SPLK over the last 3 months, 10 say Buy and 7 suggest Hold. SPLK’s Moderate Buy consensus rating is accompanied… Continue Reading…

Stocks

“Marijuana stocks could see more than 50% boost, says top analyst”

“…“We’re still working through the models because we don’t have visibility around the timing of [legislation] but we would anticipate either the back half of ’21 or the first half of ’22,” Azer said. “But what we have asserted is… Continue Reading…

Banking, Stocks

“Coca-Cola earnings fall 33%, but company sees improving demand…”

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 42 cents, adjusted, vs. 40 cents expected Revenue: $7.2 billion vs. $7.2 billion expected Coke reported fiscal… Continue Reading…

Stocks

“Market Analysts see Actinium Pharmaceuticals Inc. [ATNM] gaining to $2.75. Time to buy?”

“Positions in Actinium Pharmaceuticals Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 14 institutional holders increased their position in Actinium Pharmaceuticals Inc. [AMEX:ATNM] by around 1,793,626… Continue Reading…

Economy

“‘Betting against the U.S. economy and consumer is a loser’s game’ — why one strategist sees Dow 40,000 on the horizon”

“In our call of the day, Paul Schatz, the president of Heritage Capital, said the Dow DJIA, 3.39% could hit 30,000 points by 2021 and 40,000 by 2023 as the U.S. economy recovers over the longer term… “I firmly believe we will see Dow… Continue Reading…

Economy

“Chicago Fed economists see ‘U-Cov’ jobless rate as high as 34%”

“Their estimate: a ‘U-Cov’ rate in April of somewhere between 25.1% and 34.6%. That’s compared to the 16% rate forecast by economists polled by Reuters, who also estimate American employers shed more than 20 million jobs last month. “The official… Continue Reading…

Business, Economy

“Empire State manufacturing index sees record decline to -21.5 in March”

“The numbers:The New York Fed’s Empire State business conditions index plunged a record 34.4 points to -21.5 in March, the regional Fed bank said Monday. Economists had expected a reading of 4.8, according to a survey by Econoday. This is the… Continue Reading…

Investing, Stocks

“Wealthy investors see nothing that will stop this relentless bull market”

“…“Investors are more open to risk taking at this point,” said Mike Loewengart, vice president of investment strategy at E-Trade. “If the environment is encouraging and conducive to additional gains, they want to be part of it.” Twenty-nine percent of… Continue Reading…

Banking, Economy

“Morgan Stanley Sees a Global Economic Recovery in Early 2020”

“A combination of easing trade tensions and easier monetary policy will lift global growth from the first quarter of 2020, according to economists at Morgan Stanley… “A 1Q20 recovery is on the cards,” the U.S. bank’s economists led by Chetan Ahya wrote in… Continue Reading…