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Investors have been looking for companies that are getting through the novel coronavirus without taking a major hit. And sure, there's value in a good high-quality defensive stock. But don't sell yourself short -- there are great opportunities to go on the offense in this market as well. For example, look at Micron (NASDAQ:MU) stock.Source: Casimiro PT / Shutterstock.com The semiconductor memory developer is shaping up to be a big beneficiary of the economic ripples that the new vius has caused. Many investors are sleeping on Micron as a social-distancing play. Micron doesn't have the flashiest products when it comes to work-from-home trends. But its offerings are essential to powering several of the current technological megatrends that are transforming American life.Micron is also under the radar because it last published earnings results on March 25 for a quarter that finished in February. Thus, it hasn't put out any quarterly results since...
The recent upward momentum seen in shares of Nio Inc - ADR (NYSE: NIO) is likely to be sustained, according to a BofA Securities analyst who projects incremental upside over the next 12 months.The Nio Analyst: Ming Hsun Lee reiterated a Buy rating on Nio ADSs and upped the price target from $5.50 to $7.30.The Nio Thesis: BofA's bullish stance on Nio is premised on stronger orders, anticipated vehicle gross profit improvement in the second quarter, improving free cash flow and a favorable EV purchase subsidy scheme, analyst Hsun Lee said in a Friday note.The analyst attributed the strength in orders to Nio's improving product quality, fast channel expansion and new capacity addition. From today's 3,500-unit monthly run rate, he sees capacity increasing 5,000 units by the end of 2020, alleviating investor concerns over capacity expansion.Hsun Lee is also optimistic of new order wins growing sequentially once the company starts delivering...
In this article you are going to find out whether hedge funds think Bellicum Pharmaceuticals Inc (NASDAQ:BLCM) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]...
I'm not flying until this pandemic is over. Are you? If you aren't, then why are you buying airline stocks?Source: Markus Mainka / Shutterstock.com That's the thought that ran through my head the week of June 8, as Delta Air Lines (NYSE:DAL) stock dropped one-third of its value, from $36.97 per share to $27.20, in four trading sessions.There was little change in the fundamentals. Investors knew revenues for the second quarter might be down 90% from a year earlier. They should have suspected that some rearrangement of its debt would be necessary to avoid default, assuming the pandemic goes into 2021.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut with trillions of dollars in Federal Reserve funny money around, anything is possible. Shares bounced back off the lows in pre-market trading June 12, opening at nearly $30 each. An Unhealthy RallyFor those who believe in fundamentals, this is a tough...
(Bloomberg Opinion) -- What was already a tough week for Intel Corp. got worse Thursday night: One of the chip giant’s most essential employees left the building.Intel announced its top chip architect Jim Keller resigned effective immediately for personal reasons after only two years on the job. The company didn’t specify exactly why, but added the executive would serve as a consultant for six months to help with the leadership transition.Keller’s departure is a big deal. No one else in the semiconductor industry has his pedigree of chip-engineering success over the last two decades. In the late 1990s, he designed Digital Equipment’s Alpha chip, which was the fastest in the world at the time. Then after stints as lead chip architect at Advanced Micro Devices Inc. and PA Semi, he led the team at Apple Inc. that created the A4 and A5 mobile processors, which were instrumental to the success of the early iPhones. After Apple, he returned to AMD and helped design the...
Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Miller Value Partners Opportunity Equity Fund posted a return of -38.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned -19.6% in the same quarter. You should check out Miller […]...
Earlier this year, Luckin Coffee (NASDAQ:LK) stock was one of the hottest names out there. The coffee chain, touted as China's answer to Starbucks (NASDAQ:SBUX), looked like a solid long-term growth story. But in April, shares tumbled. With an investigation over accounting fraud, investors bailed, sending shares down nearly 76% in one day. Soon after that, Nasdaq halted trading of the company's stock.Source: Keitma / Shutterstock.com Shares resumed trading last month, initially taking another 35% dip. Then, it fell to prices as low as $1.33 per share. Yet, so far this month, investors have ignored the big red flag (accounting fraud), and have dived back into the stock. Since June 1, shares have rallied from around $2 per share to just under $4 per share. And that's after reaching prices above $6 per share on June 5.Simply put, this recent run-up is not indicative of a "turnaround" for this tarnished company....
