Any way you look at it, it is most likely the world will be a different place once some sense of normality resumes following the global battle against coronavirus. In the new paradigm, there will also be companies riding the wave of a successful confrontation with COVID-19. Will small cap biotech Cytosorbents (CTSO) make such a list?Bucking the trend, the healthcare company skyrocketed 70% year-to-date, on the back of a possible treatment for coronavirus.Last week, Cytosorbents announced that its CytoSorb blood purification device has been used by healthcare providers in Italy, China, Germany and France to treat dozens of severely ill COVID-19 patients suffering from cytokine storm, acute respiratory distress syndrome (ARDS), and shock. The related conditions are the causes of death in COVID-19, and are the underlying reasons for the long ventilator periods currently overpowering Italy’s healthcare system.CytoSorb is approved in the EU and has been recommended for blood purification...
U.S. senators are calling for investigations of record profit margins for beef processors like Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy heads into a downturn and fueling questions about whether the market run by CME Group is an effective tool for risk management. Senator Charles Grassley of Iowa wrote on Twitter that U.S. Department of Agriculture, Department of Justice and Commodity Futures Trading Commission probes may be needed to determine why ranchers did not benefit from soaring meat demand....
Dividends are periodic payments a company makes to shareholders out of the profits it generates, provided it has a dividend policy. They assure a stable, steady stream of returns to shareholders -- unlike capital gains, which are subject to fluctuations triggered by company-specific and extraneous factors.The coronavirus pandemic and its impact on companies has put this steady stream of income at risk.Unable to cough up cash to meet dividend payments at a time when businesses are reeling to keep operations going, several companies have announced suspension of dividends or pauses of stock buybacks.Dividends In Value Vs. Growth Investing To compare the returns of a stock, a metric called dividend yield is used. Dividend yield is the amount of dividend paid by a company for a year, divided by its current stock price and expressed in percentage terms.Value stocks -- stocks that are trading at a lower price relative to their fundamentals...
As the rapid spread of the novel coronavirus caused a storage of ventilators around the world, these are the major manufacturers ramping up production to meet demand....
As a response to the COVID-19 outbreak amplifying in the U.S, Tesla Inc (NASDAQ: TSLA) decided to reduce the number of workers in its Gigafactory in Nevada by 75%. This is after its CEO tweeted that he considers the pandemic to be 'dumb' on March 6. Tesla's partner in this Gigafactory, Panasonic Corporation (OTCQX: PCRFY), already closed its operations for all its factory employees. This was not an isolated decision since this massive plant operates in the privately-owned industrial park, Tahoe Reno Industrial Center (or TRIC), which occupies 107,00 acres. In addition to Tesla, TRIC is home to other companies such as Alphabet Inc (NASDAQ: GOOG), Walmart Inc (NYSE: WMT) distribution center, Switch Inc (NYSE: SWCH) and PetSmart.All the mentioned companies agreed on serious measures, like work from home, creating more distance between workstations, central access and checking employee's temperatures.Tesla's Gigafactories Tesla's big plant in Reno, Nevada, is also known as...
