TORONTO, Oct. 31, 2020 /CNW/ -
Saturday 31/10/2020
PICK-2: 0 3
PICK-3: 2 7 9
PICK-4: 9 9 0 0
ENCORE: 3895989
DAILY KENO
1, 2, 3, 8, 15, 16, 18, 29, 30, 35,
37, 48, 51, 53, 57, 58, 59, 66, 69, 70.
SOURCE OLG Winners
View original content: http://www.newswire.ca/en/releases/archive/October2020/31/c2326.html
I can easily live on a $60,000 budget (including taxes) but often it is less than that. Health insurance is probably one of the most crucial — if not the most crucial — consideration you’ll need to make before you leave your job.
How much money people have put away for retirement varies, naturally, by their age group. See how your savings stack up.
Fisker stock rose in its debut Friday on the New York Stock Exchange as blank-check mergers continue to churn out electric car stocks.
After the worst week since March, investors should be defensive, build up watchlists and await a new, positive stock market direction.
Markets are down, but not collapsing. Investors remain worried about the coronavirus, and Tuesday’s election remains up in the air. Uncertainty rules the day, exacerbated by recent market losses. Wall Street, however, expects that the bulls will start running again after next week’s results – who wins will be less important than having a result.In the meantime, market declines and low share prices make for a prime time to buy in – if you judge the bottom correctly. Do that, and the rest is just ‘buy low and sell high.’ And to that end, Wall Street’s analysts have been pointing out stocks that may have hit bottom.Using TipRanks database, we pinpointed three such stocks. Each is down significantly, but each also has a Strong Buy consensus rating and at least 30% upside potential for the coming months.Fury Gold Mines (FURY)Gold – just the precious metal asset – has grown popular during the course of 2020. The coronavirus crisis and investors’ desire for a stable store of value pushed it above $2,000 earlier this year, and one ounce of gold is still selling for over $1,800. For those who haven’t got that kind of resource, however, buying stock in gold miners may be the next best thing.Fury Gold Mines is a small-cap mining company headquartered in Toronto and focused on exploiting the vast resources of the Canadian North. With mines in British Columbia, northern Quebec, and the far-north territory of Nunavut, Fury has large gold reserves in both open pit and underground mines. World gold production dropped by 1% in the last 12 months, giving the first hint that we may be at ‘peak gold,’ and prices will soon increase further.That development would bode well for Fury, which operates at a net loss. The company formed earlier this year, as a restructure of Auryn Resources that involved a merger with Eastmain and the divestment of Peruvian mines. The result is a company that is focused on Canadian development, able to take advantage of Canada’s stable work environment.The stock saw sharp declines recently, when the new FURY ticker started trading, taking Auryn’s place in the market and keeping the older company’s trading history. The drop saw Fury shares shed 67% this month.Covering the stock for Cantor, analyst Matthew O’Keefe sees plenty of upside ahead. The analyst noted, "Based on a combined gold equivalent resource of 3.9Moz, Fury is trading $43/oz versus peers at $60/oz. We expect that, as the new management makes its mark with new drill results (towards the end of 2020 and throughout 2021) and demonstrates advancement of its projects, the stock should move up."But how much up? O’Keefe’s $2.60 price target on FURY suggests a 126% upside potential for the coming year and supports his Buy rating. (To watch O’Keefe’s track record, click here)The Wall Street analyst consensus on Fury is a Strong Buy, based on 4 Buy ratings with no Sells or Holds. The stock is selling for $1.13 and its $3.37 average price target suggests it has room to nearly double in the next 12 months. (See FURY stock analysis on TipRanks)Star Bulk Carries (SBLK)Next up, Star Bulk Carries, is a Greece-based shipping company specializing in the dry bulk ocean carry trade, the backbone of the world’s shipping industry. Star Bulk operates a fleet of 116 carriers, ranging in size from ~50,000 tons to giant Newcastlemax bulk haulers rated over 200,000 tons. The trade disruptions caused by corona were hard on the industry, and SBLK was no exception. The stock is down 47% year-to-date. However, the company’s financial performance this year has been in line with its historical pattern – the first half of a calendar year sees a net loss, while the second half sees net gains. The losses in 1H20 where normal for SBLK’s pattern – and the outlook for Q3 is a return to net profits, with EPS projected at 30 cents.Covering this stock for Deutsche Bank, analyst Amit Mehrotra notes a series of related points: “[We] think the company’s net debt position should improve by about $50M vs. 2Q levels, reflecting cash flow generation in excess of >$40M of debt paydown in 3Q. We also expect the company’s prospective breakeven to reduce to under $11k per day… While we remain frustrated by the lackluster performance of SBLK shares in the context of above-mentioned improving fundamentals...we remain very comfortable that the intrinsic value of SBLK’s equity value is improving in the current environment…” Mehrotra sums up his view of Star Bulk succinctly: “On the whole, we’re encouraged by the fundamental trajectory of the company…” The analyst rates SBLK a Buy, while his $15 price target implies an upside potential of 143% from current levels. (To watch Mehrotra’s track record, click here)With 3 recent Buy reviews, SBLK holds a unanimous Strong Buy rating from the analyst consensus. The stock is currently trading at $6.18 and has an average price target of $12.09, making the one-year upside 96%. (See SBLK stock analysis on TipRanks)Heritage-Crystal Clean (HCCI)Pollution is a problem, no matter what. We all want a clean environment to live in, and we should all care about how modern industrial pollutants are disposed of. Heritage-Crystal Clean inhabits that clean-up niche, providing environmental cleaning services, including vacuum services for street cleaning, light industrial and mechanical parts cleaning technology, and a variety of waste recovery services including recovery and disposal of oil and oil products, antifreezes, and general industrial liquid waste. It’s an important, often overlooked, and vital niche in a modern technological society.After a dip into negative territory in Q2, HCCI reported stronger results for Q3. Revenues gained sequentially from $74 million to $82 million, and EPS swung from a 31-cent loss to an 18-cent gain. Despite the positive results, both earnings and revenues remain depressed compared to the year-ago quarter, and the stock has failed to regain traction after last March’s decline. HCCI is down 49% year-to-date.Roth Capital’s Gerry Sweeney, in his comments on this stock, notes that “Revenue continues to rebound as economic activity improves from COVID shelter in place orders... The highlight in the quarter was a faster than anticipated rebound in margins. While margins are still down from last year’s pre-pandemic level of 25.7%, they are up from 2Q margins of (28.2%). The improvement was driven by higher labor utilization and leverage of assets, lower solvent costs, and the internalization of waste disposal…”Sweeney rates the stock a Buy. His $21 price target indicates confidence in a solid 32% upside for the next year. (To watch Sweeney’s track record, click here.)Over the past three months, three other analysts have thrown the hat in with a view on HCCI. The three additional Buy ratings provide the stock with a Strong Buy consensus rating. With an average price target of $20.75, investors stand to take home a 30% gain, should the target be met over the next 12 months. (See HCCI stock analysis at TipRanks)To find good ideas for beaten-down stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Avoid making these errors and you'll enjoy a better financial life, the money guru says.
“It’s hard to argue that the country doesn’t have infrastructure problems,” says Scott Davis, CEO of Melius Research. Well, there’s a giant need for greater and more accurate coronavirus testing and tracing capabilities—and that will help the companies that supply them. (ABT)’ (ticker: ABT) six coronavirus tests drove a 39% gain in third-quarter diagnostic sales.
October somewhat lived up to its name as a "jinx month" for the S&P 500. But investors who found top stocks still won big gains.
If you’re married, you’ll often do better with a joint claiming strategy for Social Security benefits. As I wrote last time, that usually works best if the two spouses are close in age and if one spouse earned considerably more than the other did during their work lives. Divorced and widowed spouses can collect spousal or survivors’ benefits—benefits based on a spouse’s lifetime earnings—with some restrictions.
According to Joe Biden’s tax plan, three states and New York City would see top marginal state and local tax rates of over 60 percent.
Visa Inc. and Mastercard Inc. are often viewed as one and the same in the investment community, but the small differences between their businesses are coming into focus as the COVID-19 alters the way people spend their money.
Nov. 3 is just the next upheaval in an extremely volatile year.
I’ve been a stay-at-home mom for five years to a 4-year-old and 2-year-old. Obviously I need to go back to work but am I too late in the game to be able to enjoy “retirement” years? You’re definitely not too late to enjoy your future retirement years.
Royal Dutch Shell, Cintas, Newmont, and AbbVie were among the companies that announced dividend increases this week. Exxon Mobil maintained its payout.
It was a busy week at Advanced Micro Devices’ (AMD) HQ. Q3 earnings, and confirmation of a $35 billion Xilinx takeover have been followed by a new product launch.On Wednesday, AMD announced the release of the first products based on its gaming optimized RDNA 2 architecture: The Radeon RX 6800, the Radeon RX 6800 XT and the Radeon RX 6900 XT, priced at $579, $649 and $999, respectively. Code named Big Navi, the desktop GPUs will hit the shelves on November 18 (RX 6800 and 6800 XT) and December 8 (RX 6900 XT).“Importantly,” said Deutsche Bank analyst Ross Seymore, “This is the first generation of AMD product in many years that, we believe, can truly be claimed to be competitive to NVDA’s highest-end gaming GPUs.”Based on Seymore’s initial impression, “all three new AMD GPUs will be within 5% of NVDA’s equivalent offerings.”In addition to performing on a similar level, the favorable pricing of both the 6800XT ($50 lower) and the 6900XT ($500 lower) to Nvidia’s equivalents, means AMD’s GPUs “present a strong competitive alternative to those at the highest end of the market.”The release is causing excitement amongst gamers and Seymore notes comparisons are being made to AMD’s 2017 and 2018 early Zen CPU launches, following which, AMD began siphoning market share away from Intel - a process that is still playing out. Does Seymore believe AMD can do the same to Nvidia? Here, the analyst “hesitates” to make such a call. Nevertheless, Seymore believes the “launch appears to be a strong step in the right direction.”“Overall,” the 5-star analyst summed up, ”We are impressed by AMD’s newest gaming GPU offerings, as they display significant improvements in efficiency and performance despite no node transition, all in slightly more than a year (typically we would’ve expected such performance increases over two years). While the lower-end pricing leaves a bit to be desired, overall we are impressed that AMD is in the same ballpark as NVDA’s latest GPUs given the significant gen-on-gen performance increase NVDA was able to achieve with their launch.”However, AMD’s hot valuation keeps Seymore on the sidelines with a Hold rating. Seymore’s $75 price target remains as well and suggests shares will stay range-bound for now. (To watch Seymore’s track record, click here)Overall, Seymore’s colleagues strike a more bullish tone. Based on 12 Buys and 6 Holds, AMD qualifies with a Moderate Buy consensus rating. The forecast is for 21% upside over the next 12 months, as indicated by the $92.71 average price target. (See AMD stock analysis on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Alibaba and four other China internet stocks are in or near buy zones. They are somewhat shielded from U.S. and Europe coronavirus fears.
The Dow Jones fell to its worst month since March amid a sell-off. Uncertainty over the presidential election between Donald Trump and Joe Biden looms large.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
The shares have a dividend yield of only 1.04%. For more attractive yields among companies with plenty of free cash flow (based on his team’s estimates) to cover current dividends and hopefully to raise them, McMahon named General Mills Inc. (GIS) with a dividend yield of 3.30%, and Diageo PLC (DEO) whose American depositary receipts have a yield of 3.21%. For some industries, different metrics are used to gauge dividend coverage, so there are three groups of stock screens below.
(Bloomberg) -- It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting another dismal set of quarterly earnings: “Prices will have to rise.”After months of low oil and gas prices driven by weak demand, the world’s largest international oil companies have largely exhausted their financial defenses, leaving little room to maneuver if they’re dealt further blows. Exxon Mobil Corp., Chevron Corp., Royal Dutch Shell Plc, Total SE and BP Plc have already reduced 2021 spending probably to as much as they can.With the exception of perhaps Chevron and Total, which entered the downturn with the strongest balance sheets, leverage is approaching uncomfortable levels. Put together, Big Oil is now completely at the mercy of a worldwide rout in fuel demand that, absent a Covid-19 vaccine, shows no signs of abating, as well as OPEC+ leaders Saudi Arabia and Russia.“I will say that a lot of the performance of the company today, but also in the future, will depend on the macro environment that we will be enjoying or suffering as the case may be,” said Ben van Beurden, chief executive officer of Shell.Brent crude closed this week below $38 a barrel, bringing the year’s decline to 43%. At such levels, the industry is underinvesting in supply to such an extent that shortages are inevitable in the future, which means higher prices, Exxon’s Swiger argued. But a price recovery relies on two other things: higher demand and OPEC+ holding the line on production curbs, underpinned by the often uncomfortable alliance between Russia and Saudi Arabia.With U.S. Covid-19 cases hitting a record this week and new lockdowns looming across Europe, the virus and its impact on petroleum demand show no sign of abating. And for all the brainstorming of executives from Dallas to Paris, the oil supermajors account for less than 15% of pre-pandemic global oil demand. If supply discipline is to succeed, the heavyweight national oil producers will have to work together, and Crown Prince Mohammed bin Salman and President Vladimir Putin must continue to get along.One bright spot is U.S. shale production, which is in free all after a decade-long, debt-fueled surge that surprised the supermajors and loosened OPEC’s power over the oil market. Executives at some of the biggest U.S. independent oil producers believe America may never return to peak production seen earlier this year, and that further declines are likely in 2021.Big Oil CEOs can do little to foster geopolitical cooperation, but for the last six months they have been pulling all the levers they can to stop the bleeding of cash. Or in corporate jargon, they have focused on self-help: Curtailing unprofitable production, reducing spending and future investment, and firing tens of thousands of employees.Exxon is paradigmatic of the trouble the supermajors are in. A year ago, the Texas-based company was targeting 2021 capital expenditure of as much as $35 billion; now, it’s planning to spend half that. It announced this week it will reduce its staff and contractors by 15%, or 14,000 people, by 2022. Even then, Exxon is spending more than it’s earning, with capital and dividend outlays consuming all its cash from operations.Many in the market think the situation is unsustainable, and if prices don’t rise, Exxon will have to cave and cut the dividend for the first time in more than four decades. “The message is clear: Equity needs the protection of higher oil prices,” said Alastair Syme, a London-based analyst at Citigroup Inc.Shell and BP cut their dividends earlier this year but are still weighed down by high debt levels. Shell outlined an intention to increase the payout this week. Still, that would need higher oil prices, and take decades of small hikes to reach prior levels.Cost cutting appeared to bear fruit in the third quarter, with four of the five large Western majors posting profits on an adjusted basis. But they can only cut so far.Regaining RelevancyChevron, for example, plans to invest just $14 billion next year, even after recently buying Noble Energy Inc. That’s not far above the $10 billion level that the company has historically said is the minimum to sustain production. CFO Pierre Breber said the company would let oil volumes drop if it made financial sense. “We’re not trying to sustain short-term production,” he said.The question is not will Big Oil survive but whether it can still make investors care. BP and Shell are no longer the dividend linchpins of European stock markets. Exxon, the profit powerhouse that dominated the top spot on the S&P 500 Index for years, now ranks outside the top 50. Energy is now worth about 2% of the S&P 500 Index, making it a rounding error in many generalist fund managers’ portfolios.“Making energy relevant and investable again is the million dollar question,” said Jennifer Rowland, a St. Louis-based analyst at Edward Jones. “They’re still trying to figure that out.”For Rowland, having a compelling strategy in a low-carbon future is key. While that hands an advantage to the Europeans, who are pledging net zero emissions by mid-century, unlike Exxon and Chevron, BP and Shell still need a recovery in their traditional businesses to fund the move, Rowland said. With less cash, a green pivot becomes more difficult.Exxon’s Swiger is convinced that prices will recover. Things are so bad that prices across oil, refining and chemicals are “at or significantly below bottom of the cycle conditions,” he said. Whether Big Oil investors are willing to wait for that forecast to come true remains to be seen.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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