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EU Commission says Brexit talks could continue into 2021

BRUSSELS, Dec 8 (Reuters) - The European Commission said on Tuesday that talks to establish future relations between Britain and the European Union could continue after the end of this year, when the Brexit transition period concludes.

"If that deal is not in place on January 1, then we have a no-deal situation. That does not exclude that negotiations can continue, from our side, and it does not exclude that we can continue on the basis of the mandate that's given to us," a Commission spokesman said. (Reporting by Philip Blenkinsop)

Latest Stories

  • Dow Jones Futures: Tesla China Sales Surge, Share Sale Planned As Nio Eyes Buy Point; Stitch Fix Skyrockets On Earnings

    Tesla China sales surged but shares fell on stock sale plans. Nio eyes an early entry. Coupa Software rose and Stitch Fix spiked on earnings.

  • Dave Ramsey says avoid these 10 major money 'don'ts'

    The financial expert and radio host says Americans stay poor because of these blunders.

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  • I’m 63, unemployed since March, and have $220,000 in retirement savings — should I claim Social Security early?

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  • The No. 1 investment mistake retirement savers are making: Vanguard study

    The question: Based on the performance data of the last 50 years, what are the rough odds that the U.S. stock market will perform better than non-U. S. stock markets over the next 12 months? The answer, using data from stock market financial data company MSCI, is C: About 50%. Since 1970, when MSCI first began tracking the numbers, the MSCI US stock market index has beaten the MSCI “ex-U. S.” index (i.e., everywhere else) 51% of the time: 26 out of 51 years.

  • Kushner Cos. Spent the Trump Years Unwinding Scion’s Costly Bets

    (Bloomberg) -- Guy Fieri’s Times Square restaurant, where Jared Kushner and Ivanka Trump partied in late 2016 before heading to Washington, is gone. The office tower at 666 Fifth Ave., once the headquarters of the Kushner family’s real estate empire, has been sold. So too has a stake in a project in the trendy Dumbo neighborhood of Brooklyn.New York looks a lot different now than it did before Jared Kushner left town to take a job as a senior adviser to his father-in-law, President Donald Trump. Kushner Cos., the company where he was chief executive officer, has pulled back from the city, winnowing almost a decade’s worth of investments in a few years. Instead, it has relocated its ambitions to apartment complexes in New Jersey and Florida.It isn’t clear if Kushner will return to an active role in the company after four years in the White House, or even if he’ll go back to New York. The changes made in his absence by his father Charles Kushner and company president Laurent Morali come after a decade-long push into the city, most of it when Jared Kushner was CEO. Although there were successes, some of the biggest deals foundered. High purchase prices, excessive borrowing and unrealistic expectations were followed by declining valuations and debt renegotiations.Kushner Cos. didn’t respond to questions about whether Jared Kushner would rejoin the company or about the change in strategy. But Christopher Smith, its top lawyer, pointed in an email to a number of profitable transactions, including investments in Lower Manhattan and the Gowanus neighborhood of Brooklyn. He said other buildings had gained in value.During the Trump years Kushner Cos. chased investors from China, Qatar and Israel as Jared Kushner was helping shape foreign policy. He stepped down from his role at the company and transferred some of his assets to family members, but the structure of the divestments wasn’t clear, exacerbating ethics concerns.At the same time, the company purchased apartment buildings in the suburbs of New Jersey, Maryland and Virginia, markets that are now booming as people flee cities during the Covid-19 pandemic. It is also looking to break into new territory: multifamily projects in South Florida.Some of the transactions that brought the company to this point have been painful. The 2018 sale of 666 Fifth Ave. was necessary to pay off a loan incurred in 2007, at the peak of the market, when Kushner Cos. purchased the office tower for a then-record $1.8 billion. Jared Kushner didn’t become CEO until the following year, but he was involved in the negotiations and touted the purchase in a news release as having “great upside potential.”Saying goodbye to the property – a 99-year lease on the office space was sold to Brookfield Asset Management Inc. for $1.3 billion – was a comedown from plans to demolish the building and replace it with an even taller skyscraper in partnership with China’s Anbang Insurance Group, an option weighed by the company during Kushner’s first months in the White House.A few blocks away there’s the Times Square retail property – six floors of the building that once housed the New York Times. Kushner Cos. bought the space in 2015, and a year later raised $370 million of debt based on an appraisal price of $470 million, a 59% increase over what it had paid.Now it looks as though the financial assumptions underpinning that valuation were a mirage. To fill the building, Kushner Cos. turned to tenants whose need for space was great but whose assessment of demand for experiential attractions turned out to be misguided. There was an exhibit featuring digital dolphins, and another with detailed miniatures of world monuments.By the end of last year, Guy’s American Kitchen & Bar was closed, a planned food hall never opened, a third tenant went bankrupt and a fourth wasn’t paying full rent. Kushner Cos. defaulted on $85 million of its debt there last December, and an August appraisal put the property’s value at $92.5 million, lender records show, about a 70% drop from the purchase price.“The former New York Times building was really a retail disaster,” said Joshua Stein, a New York-based real estate attorney. “One concept after another failed.”Kushner Cos. also sold a less than 5% stake in the Watchtower complex in Brooklyn’s Dumbo neighborhood, acquired from the Jehovah’s Witnesses in 2016. Jared Kushner, whose father-in-law was running for president at the time, trumpeted plans to convert the buildings into stores and loft office spaces. Kushner’s father decided to refocus elsewhere.The list of New York sales since January 2017 includes two other Brooklyn development sites and apartments in Queens. The company hasn’t announced any major acquisitions in the city since then.Some New York deals that originated during Jared Kushner’s tenure have been successful. Three properties were sold for a combined gross profit of $239 million, according to data provided by Smith, the company’s lawyer. But that’s more than offset by about $200 million in operating losses at 666 Fifth Ave. after debt payments, figures provided by lenders to investors show, and a $200 million drop in value for the Times Square space.New York isn’t the only big city where Kushner Cos. is retrenching. The company has been in talks to offload its only Chicago office property, a 31-story tower originally built for AT&T Inc., for $188 million, a 32% discount from the 2007 purchase price and barely enough to cover the property’s mortgage.Investments in other markets have been ample. In 2019, the company made its biggest purchase in more than a decade, spending more than $1 billion on 6,000 apartments in the Baltimore and Washington suburbs. Two years earlier, it had teamed up with Israel’s largest asset manager to purchase 1,000 apartments in Plainsboro, New Jersey.The company’s return to its suburban roots might seem a surprising denouement, at least to those who thought Jared Kushner’s public role might facilitate private deal-making. But working for Trump often proved more awkward than lucrative.Kushner’s rising star attracted interest from investors who hadn’t done business with his family’s company. It also drew public scrutiny when his sister, Nicole Kushner Meyer, mentioned her brother’s White House role while pitching investors in China on a project in Jersey City, New Jersey. The company later apologized to anyone who interpreted her remarks as an attempt to lure investors.Anbang, which made real estate purchases across the U.S. prior to Trump’s China-bashing ascent to the White House, walked away from 666 Fifth Ave. soon after Bloomberg News reported details of a proposed deal with Kushner Cos. in early 2017 that would have provided a $4 billion construction loan and a $400 million payout to the Kushners. Chinese authorities seized Anbang the following year and imprisoned its chairman on unrelated fraud and embezzlement charges.Qatari royals also weighed an investment in 666 Fifth Ave. During the 2016 presidential campaign, Jared Kushner and his father had talked with Sheikh Hamad bin Jassim Al Thani, who’d previously served as Qatar’s prime minister and head of its sovereign-wealth fund, about investing in the tower. The deal would have included $500 million from the sheikh’s investment firm, contingent on finding other investors. Talks stalled after simultaneous negotiations with Anbang fell apart.One Kushner Cos. business partner who asked not to be identified discussing the closely held business said Jared Kushner’s work as Trump’s emissary to Israel and the Middle East introduced him to a new set of wealthy investors who could become partners once he returns to the private sector.Last week, on what may be his last trip to the region, Jared Kushner worked to bridge the divide between Saudi Arabia and Qatar, which had worsened after Saudi Arabia launched a blockade of its neighbor that Trump backed. A spokesman for the White House declined to comment.The company also is positioned to benefit from Trump’s 2017 tax law, which created incentives to invest in low-income neighborhoods designated as opportunity zones. One Florida development is in such an area, which allows investors to defer taxes on capital gains reinvested there. Kushner Cos. is expanding properties in zones in the New Jersey beach town of Long Branch. It has declined to say whether it’s taking advantage of the tax breaks, and no public disclosures are required.Whether he does come back to the family real estate business, Jared Kushner still owns a stake in Cadre, the startup he cofounded that sells fractional shares of investments in property deals. Cadre arranged to buy him out last year, but the deal was shelved after the pandemic hit, and the company has reduced staff and made other cutbacks. A spokesman for Cadre didn’t provide comment.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.

  • Cramer On Cruise Stocks: 'The Robinhood People Were Right'

    CNBC's Jim Cramer discussed why a commercial he saw for Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) might warrant a victory lap by young investors. What Happened: Norwegian has confirmed it won't set sail in the U.S. in the first few months of 2021, but that isn't stopping the company from advertising its cruises during NFL games.The Norwegian commercials feature people without masks having a "fabulous time" and enjoying themselves, Cramer said on CNBC's "Squawk on the Street."This suggests that there is still demand for cruises and proves "the Robinhood people were right," he said. Younger and millennial investors were known for scooping up cruise stocks during the earlier days of the pandemic.This move was considered foolish by some experts, who believed at the time the travel and leisure industry would take years to recover, if at all. "This younger generation says, wait a second -- people are going to cruise again, they are going to get a vaccine," Cramer said.By contrast, analysts and media pundits were "negative" on the sector, the CNBC host said. Why It's Important: Norwegian's stock by default should have fallen, as the company was active in listing new shares to raise capital, Cramer said. While the younger generation of investors may not understand this dynamic, he said they were optimistic cruise operators would figure out a way to survive the pandemic.What's Next: Norwegian has announced a new initiative to keep its guests safe. The company will install air purification and disinfection systems across all of its 28-ship fleet."They are going to figure it out," Cramer said.See more from Benzinga * Click here for options trades from Benzinga * Analyst Predicts How Disney May Respond To Time Warner's Direct-To-Streaming 2021 Movie Schedule * Chick-fil-A Takes Legal Action Against Chicken Producers, Alleges Price Fixing(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Tesla Gets $2,500 3-Year Target From Munster, But Analyst Sees Apple As A Roadblock In EV Maker's Path

    Tesla Inc's (NASDAQ: TSLA) story is evolving and the company's stock could shoot up to $2,500 in three years, according to Loup Ventures co-founder Gene Munster.What Happened: Munster talking to CNBC's "Squawk Box" program on Monday said that the Elon Musk-led company was on an evolutionary course."Elon has recently said that 30% to 40% of the value of the car could be in insurance," Munster explained. "What that means is that they can start offering their own insurance and improve margins. That's high-margin revenue."In terms of potential challengers, Munster sees only Apple Inc (NASDAQ: AAPL) potentially matching Tesla if the iPhone maker were to get into the same segment.Related Link: Apple Seeks Patent For Windshield Crack Detection Tech"As a Tesla investor, that would be the one announcement that would cause me to step back and rethink things," Munster said on a possible foray by Apple into autos.Why It Matters: Should Tesla stock touch $2,500 in the coming three years, it would value the company over $2 trillion, taking into account 931.8 million shares outstanding. The Palo Alto-based automaker's existing market cap is worth $598 billion. Apple's market capitalization is over $2.1 trillion, as of Monday's closing.Munster does not think legacy automakers such as Volkswagen AG (OTC: VWAGY) or General Motors Company (NYSE: GM) pose a formidable challenge to Tesla as "really there's no substance competition."Musk has suggested that Tesla is open to buying a traditional automaker but Munster thinks that is unlikely to happen, partly because of vertical integration.In terms of where Tesla is headed, Munster gave an example, which he said could make him lose his credibility -- "I believe this is actually on Tesla's roadmap is a flying taxi.""I would not invest in Tesla based on that, but the concept that this company is going to continue to evolve and be a tech leader in the next decade, I'm on board with that," said the analyst.Price Action: Tesla shares closed nearly 7.1% higher at $641.76 on Monday and gained 1.17% in the after-hours sessionClick here to check out Benzinga's EV Hub for the latest electric vehicles news.Latest Ratings for TSLA DateFirmActionFromTo Dec 2020Goldman SachsUpgradesNeutralBuy Nov 2020WedbushMaintainsNeutral Nov 2020Morgan StanleyUpgradesEqual-WeightOverweight View More Analyst Ratings for TSLA View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Tesla, Wirecard — A Long-Short Bet Has Helped 'Tiger Cub' Post 52% Gains This Year * Aptera's 'Never Charge' 1,000-Mile EV Seems To Feature Tesla Supercharger Compatibility: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Goldman Sachs Picks 2 Electric Car Stocks to Buy (And 1 to Watch)

    Reducing carbon emissions is all the vogue among the green policy wonks these days, and whether you believe in the efficacy of those policies or not, one thing is undeniable: they will have an impact on your daily life. Specifically, they will impact the cars you drive – and probably your fuel and electric bills as well.It’s no secret that the Trump Administration has favored the oil and gas industry, and in fact, gasoline prices have declined during the past four years. The incoming Biden Administration is expected to look far more favorably on green policies, particularly the electrification of the automobile fleet. Electric vehicles have been with us for a while, and some models are achieving popularity and driver approval. The next step will be a governmental push, via policy, to make EVs cheaper to build, more affordable to buy, and more practical on the road.In a recent report from Goldman Sachs, the investment giant foresees global sales of electric vehicles hitting 1.8 million units this year, with 8.3 million by 2025 and an impressive 34 million by 2035. The result of this will be a reduction in the conventional car/electric car ratio of 18%.With this in mind, Goldman’s stock analysts are tapping two electric vehicle companies which are likely to succeed in the climate of the next four years – and one to watch from the sidelines. We've used the TipRanks database to get a better sense of what other Wall Street analysts think about the trio. Li Auto (LI)Li Auto is one of the myriad EV production companies that has cropped up in China in recent years. The Chinese domestic car market should not be overlooked – the country has a population near 1.4 billion, with some 800 million in the urban areas, and as a whole, China is rapidly growing wealthier. Li specializes in plug-in hybrids, which combine combustion engines and an electric drive train – and are especially useful in a country with a limited EV charging network. Li first model, the Li ONE, was put on the market in November of last year, and by this past October, the company had sold over 22,000 cars. That month, the sales volume hit 3,700, making the Li ONE China’s best-selling electric vehicle model. This company is a newcomer to the US stock markets, having held its IPO at the end of July this year. Share debuted on the market at $11.50, higher than the initial projected range. Since the IPO, shares in LI have gained 173%. Covering Li Auto for Goldman Sachs, analyst Fei Fang writes, “We believe Li Auto is differentiating itself from the broader Chinese auto-making industry by envisioning and creating compelling EV consumer experiences – and showing a willingness to take on the risk of unconventional technologies and act innovatively… driving transformations that will lead the long-term adoption of EVs in China. We view Li ONE as the first step in a larger innovation plan that will provide significant optionality value for the share price.”To this end, Fang rates LI a Buy along with a $60 price target. At current levels, this implies a 91% one-year upside. (To watch Fang’s track record, click here)Looking at the consensus breakdown, Wall Street takes a bullish stance on LI. 3 Buys and 1 Hold issued over the previous three months make the stock a ‘Strong Buy.' It should also be noted that its $36.65 average price target suggests 16% upside from the current share price. (See LI stock analysis on TipRanks)Tesla (TSLA)This company needs no introduction; Elon Musk, with his genius for promotion and notoriety, has seen to that over the past few years. He’s been helped along by the company’s successful efforts to address quality control and production bottlenecks, while introducing popular new models. The result: TSLA stock has skyrocketed 667% in 2020.The huge spike in share value has accompanied record-setting profits. Tesla turned profitable in 3Q19, and has remained so despite the impact of corona. The company’s 3Q20 results were nothing short of remarkable. Revenues rose to $8.8 billion, a 39% year-over-year gain and an even bigger 46% sequential gain. EPS rose 105% year-over-year, to hit 76 cents per share. And even better for the car maker: the free cash flow is solid, at $1.4 billion for the quarter.The third quarter results stood on a solid foundation of production and deliveries. The company reported 145,000 vehicles manufactured in the quarter, with nearly 140,000 delivered. Improvements in delivery efficiency have helped the company to cut back on its new vehicle inventory.Goldman analyst Mark Delaney is bullish on Tesla – and on the EV sector’s future, in general. He writes, “We believe that the shift toward battery electric vehicle (EV) adoption is accelerating and will occur faster than our prior view. We believe that battery prices are falling faster than we previously expected which improves the economics of EV ownership, and there has recently been an increase in regulatory proposals from some jurisdictions to limit or ban the sale of new internal combustion engine (ICE) vehicles entirely in 10-20 years.”Backing his bullish stance, Delaney rates TSLA a Buy. His price target, of $780, suggests an upside of 21% in the next 12 months. (To watch Delaney’s track record, click here)However, despite the huge gains in recent months, or maybe because of that, Wall Street remains cautious of Tesla. The analyst consensus rating is a Hold, based on 25 reviews, including 10 Buys, 8 Holds, and 7 Sells. The stock’s average price target is $403.24, indicating a possible downside of 37% from current levels. (See TSLA stock analysis on TipRanks)Nio (NIO)Last on our list is Goldman’s neutral call on Nio, another Chinese electric vehicle company. Nio has, in recent months, managed to stand out from China’s crowded domestic EV market, introducing new models and innovative ideas. The company’s current line-up includes three mid-size SUVs powered by lithium-ion batteries, and sports car, a 2-door coupe with water-cooled electric motors. The company has several models, including two sedans, a minivan, and another SUV, lined up for future release.Among the customer-oriented ideas that Nio is working with is ‘Battery as a Service,’ or BaaS. This concept divorces the battery from the vehicle, allowing car owners to purchase a monthly subscription and ‘refuel’ their vehicle by swapping out the battery assembly.Earnings, while still at a net loss, have been improving for the past four quarters, and Q3 revenue came in at $4.53 billion, the best in over a year. Year-to-date, NIO shares have shown tremendous growth -- the stock is up over 1000%.Noting that Nio has strength in its leading position in the market, Goldman's Fei Fang writes of the risks: “While Nio’s brand has been impressively established, we expect competition to heat up in the coming years with large OEMs launching comparable models, such as ID4 and Model Y… If our projected battery price declines / excess capacity does not come through and the industry works with tight manufacturing capacity and hefty EV component prices, it would weigh on Nio’s margin expansion.”Fang gives NIO shares a Neutral (i.e. Hold) rating. But the analyst might as well have said “buy” — because he thinks the stock, currently at $45.11, could zoom ahead to $57 within a year, delivering 31% profits to new investors. Overall, Nio’s stock gets a Moderate Buy analyst consensus rating, based on 7 Buys and 4 Holds. Meanwhile, the $49.01 average price target implies nearly 9% upside. (See NIO stock analysis on TipRanks)To find good ideas for 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.

  • Palantir Stock Rally Is Eye-Popping. The $44 Million FDA Contract Isn’t.

    While the contract is Palantir’s largest to date with the FDA, it adds only about 1% a year to the company’s revenue base

  • Tesla Raising Up to $5 Billion in Third Share Sale This Year

    (Bloomberg) -- Tesla Inc. is taking advantage of its surging shares by going back to the capital markets for the third time in ten months and raising as much as $5 billion of common stock.The sale through an “at-the-market” offering program, according to a regulatory filing, meaning the stock will be sold over time at prevailing market prices. After soaring almost 670% this year, Tesla shares dipped as much as 4.2% before the start of regular trading Tuesday.The raise could lead Tesla’s cash balance to approach $20 billion, Joel Levington, a Bloomberg Intelligence credit analyst, said in a report. The company’s credit quality is now “well in excess” of its ratings even after three upgrades during the global pandemic, he wrote.Chief Executive Officer Elon Musk is again seizing on a rally that started as the maker of the Model 3 began to post quarterly profits in the second half of last year. The opening of a plant near Shanghai, addition of the Model Y crossover to the lineup, advances in battery technology and anticipation of inclusion into the S&P 500 Index has led investors to assign Tesla a much richer valuation than any other auto manufacturer in the world.It’s apparently led Musk, 49, to worry about employees taking their eye off the ball. He urged staff on Dec. 1 to be mindful about spending and play a “Game of Pennies” even after Tesla reported its fifth consecutive quarter of profit in October. The automaker had $14.5 billion in cash and cash equivalents at the end of September.The latest capital raise follows an issue of $5 billion shares in September and a $2 billion offering in February. That has helped Tesla more than double planned spending on plants and equipment this year. The new money will support plans announced in October to double the carmaker’s capital-expenditures budget during the next two years to a range of $4.5 billion to $6 billion.Read more: Tesla Capital Raise Keeps $14 Billion Virtuous Circle RollingTesla is currently building two new factories -- one in Austin, Texas, and its first European plant, near Berlin -- and expanding output at its existing vehicle-assembly facilities in Fremont, California, and Shanghai.(Updates with Bloomberg Intelligence analyst’s comment in the third paragraph.)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.

  • The Ultimate Warren Buffett Stock Is In Buy Zone, But Should You Buy It?

    Berkshire Hathaway is the ultimate Warren Buffett stock. But is it a good buy? Here's what the earnings and chart show for Berkshire stock.

  • Airbnb IPO Price Raised, With A Potential Valuation Near $42 Billion

    Airbnb boosted the offering price of its initial public offering and now looks to raise about $3.1 billion, or 20% more than originally planned. It will trade Thursday under the ticker ABNB.

  • U.S. Steel to acquire remaining stake in Big River Steel for about $774 million from cash on hand

    United States Steel Corp. said Tuesday it has agreed to exercise its call option to acquire the remaining stake in Big River Steel for about $774 million in cash on hand. U.S. Steel ended November with about $2.9 billion in liquidity, including more than $1.7 billion in cash. The deal is expected to boost earning immediately and has the potential to crate "significant synergies," the company said in a statement. It's expected to close in the first quarter of 2021. Big River Steel operates a Flex Mill ion northeast Arkansas to make advanced flat-rolled steel. U.S. Steel acquired a 49.9% stake in the company in October of 2019 with an option to acquire the rest. U.S. Steel shares were slightly lower premarket, but have gained 51% in the year to date, while the S&P 500 has gained 14.3%.

  • 5 of the Best Tech Stocks to Buy for December

    Among those indices, the best-performing industry was information technology -- as tech companies have led the recovery from March's lows and stormed to new highs over the ensuing nine months. For retailers looking to capitalize on the end-of-year shopping frenzy, the holiday season is the most wonderful time of the year. In 2020, online retailers stand to benefit considerably more than their brick-and-mortar rivals, who find themselves squeezed between expanding lockdown orders and a consumer population that's hesitant to leave home for too long.

  • Billionaire Ray Dalio Picks Up These 3 “Strong Buy” Stocks

    Sometimes, the experts will tell us what we already know. Ray Dalio, the founder of Bridgewater Associates, has built a legendary reputation in financial circles, for taking his firm from a home business in his two-bedroom apartment to the international hedge fund giant, employing over 1,500 people and managing more than $138 billion in total assets. But when questioned on how he did it, or how today’s investors can survive the ongoing pandemic crisis, his advice can sound downright ordinary.Dalio’s advice for investing during the pandemic can be summed up easily enough. First, he says to diversify the portfolio. Diversification means spreading out the risk, which in turn will reduce your losses should one – or even several – investments turn south. Second, Dalio tells us not to bother trying to ‘time the market.’ Even the pros don’t usually get this right, and Dalio says that simply buying into a stock you like, and holding it long term, is a better strategy then trying to buy in at the right time. The stock market is a risky place to put your money, and Dalio understands that. His tactics for mitigating that risk are age-old – and have arguably brought him great success. Bearing this in mind, we decided to look at Bridgewater's recent activity for inspiration. Running three stocks Dalio's fund picked up during Q3 through TipRanks’ database, we found out that the analyst community is also on board, as each sports a “Strong Buy” consensus rating.Baxter International (BAX)We will start with Baxter International, a healthcare company based outside of Chicago. Baxter produces medical devices and other products for the treatment of acute and chronic conditions, particularly blood, immune, and kidney diseases. The company markets mainly to healthcare professionals and institutions, rather than the open market, and boasts over $11 billion in annual revenue.The company’s revenues through 2020 have been stable, and in-line with historical values. Baxter ended 2019 with a $3 billion quarter; that slipped to $2.72 billion 1Q20, but had risen steadily to $2.97 billion by 3Q20. The company pays out a modest dividend for investors, which at 24.5 cents per common share gives a yield of 1.3%.Dalio’s position in Baxter is a new one for him. His firm bought up 124,701 shares of the stock, a holding that is worth $9.73 million at current prices.5-star analyst Danielle Antalffy, of SVB Leerink, writes of Baxter, “[We] see BAX's underlying fundamentals -- accelerating sales growth, meaningful margin expansion -- as unchanged. One of the most meaningful datapoints in this quarter was 6% peritoneal dialysis patient growth… well ahead of the mid-single-digit long-term growth outlook for the Renal business that the Street is modeling. As the COVID pressures begin to lift, visibility into the long-term growth drivers should improve, and we would expect the shares to move meaningfully higher.”In line with her bullish comments, Antalffy rates BAX shares an Outperform (i.e. Buy), and her $105 price target implies a 34% one-year upside potential. (To watch Antalffy’s track record, click here)Overall, the analyst consensus rating on Baxter is a Strong Buy, based on 12 reviews that include 11 Buys against just a single Hold. The stock is selling for $78, and its $95 average price target suggest it has room for ~22% upside growth in 2021. (See BAX stock analysis on TipRanks)CVS Health Corporation (CVS)The next stock is another healthcare company, but where Baxter, above, markets to the professional side of that sector, CVS aims squarely at the consumer healthcare market. This company is best known as the CVS pharmacy chain, and is a staple of the retail scene. CVS stores offer a range of home healthcare and hygiene products, along with basic groceries, pharmacy services, and some more specialized prescription medical equipment. The company has brought in more than $130 billion in annual revenues for the past three years.CVS’ revenues showed a slight dip this year, during Q2, when economic conditions deteriorated, but quickly rebounded. The sequence of quarterly earnings in 2020, $66.7 billion, $65.3 billion, and $67.1 billion, show a steady sales base, to be expected from a retailer dealing in products mainly deemed essential during the shutdown policies. Q3 EPS came in at $1.66, well ahead of consensus expectations of $1.33.The dividend here is 50 cents per share, and has been held steady at that level for over three years now. The payment annualizes to $2, and gives a yield of 2.7%.Dalio’s Bridgewater bought 320,039 shares of CVS stock last quarter, expanding a test position that the firm already held. The buy boosted the total holding dramatically, to 333,804 shares, which are now worth $24.87 million.Deutsche Bank analyst George Hill notes that CVS looks set for a ‘peaceful transition of power’ when the current CEO, Larry Merlo, steps down next year. "While we believe Ms. Lynch will likely consider executing upon CVS’ vertically integrated care delivery strategy, we do expect her to take a fresh look at the business and have little fear of exploring new directions. We believe Mr. Merlo’s legacy will be having the courage to try to reshape and better utilize the struggling retail pharmacy with the Aetna deal," Hill noted."CVS is in the early innings on delivering against its vision of a vertically integrated healthcare services company with outsized consumer engagement," the analyst concluded.To this end, Hill rates CVS shares as a Buy, and gives them a $101 price target, indicating his confidence in 35% growth potential over the next months. (To watch Hill’s track record, click here)Overall, CVS has 7 recent Buy reviews and 2 Holds, giving the stock a Strong Buy rating from the analyst consensus. The average price target is $83.29, suggesting an 11% upside from the current share price of $74.50. (See CVS stock analysis on TipRanks)Darling Ingredients (DAR)With the last stock, we move from healthcare to the food industry. Darling Ingredients recycles the waste products of the restaurant industry and the animal-processing industry – namely, oils, fats, and grease – and manufactures usable meat and bone meals, yellow grease, and tallow. The company’s products are used in pet foods, animal feeds, bioenergy, and fertilizers. Darling has delivered strong performance through 2020. The company’s quarterly earnings have held between $848 million and $852 million during the corona crisis, while earnings have been shown year-over-year gains in each quarter. The Q3 results included 61 cents EPS on $850 million in top line revenues. DAR stock has been rising steadily since last winter’s market crash, and is up ~77% year-to-date.This is another new holding for Dalio and Bridgewater. During Q3, the fund pulled the trigger on 69,392 shares, which are now worth $3.46 million. Covering the stock for Wolfe Research, 5-star analyst Sam Margolin is impressed by Darling’s combination of cutting-edge renewable fuels and mature feed segments. “We rate DAR Outperform because of its rapid growth in the Renewable Diesel segment (Diamond Green Diesel JV), supported by its feedstock/manufacturing advantage sourced largely from the base business… DAR’s other segments are Food and Feed ingredients, which are relatively mature compared to Fuels. While we do not expect material growth in Food and Feed, we note that margins in the segments have been remarkably steady over recent years…”These comments support Margolin’s Outperform (i.e. Buy) rating, and his $67 price target implies 34% upside growth next year. (To watch Margolin’s track record, click here)Other analysts are on the same page. With 5 Buys and 1 Hold received in the last three months, the word on the Street is that DAR is a Strong Buy. Shares are currently priced at $49.87, and the $58.83 average price target suggests double-digit growth of 18%. (See DAR stock analysis on TipRanks)To find good ideas for 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.

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