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U.N. warns of serious repercussions from planned U.S. blacklisting of Yemen's Houthis

·1 min read

NEW YORK, Jan 11 (Reuters) - The United Nations warned on Monday that a U.S. plan to designate Yemen's Houthi movement as a foreign terrorist organization is "likely to have serious humanitarian and political repercussions."

U.N. spokesman Stephane Dujarric said it was imperative that the United States "swiftly grant the necessary licenses and exemptions to ensure that principled humanitarian assistance can continue to reach all people ... without disruption."

He also said the United Nations was "concerned that the designation may have a detrimental impact on efforts to resume the political process in Yemen, as well as to polarize even more the positions of the parties to the conflict."

(Reporting by Michelle Nichols)

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The stock has a 52-week-high of $48.91 and a 52-week-low of $8.03. At the end of the last trading period, Boot Barn Holdings closed at $48.58. Downgrades * According to Seaport Global, the prior rating for Graphic Packaging Holding Co (NYSE:GPK) was changed from Buy to Neutral. In the third quarter, Graphic Packaging Holding showed an EPS of $0.26, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.09 and a 52-week-low of $10.40. Graphic Packaging Holding closed at $18.00 at the end of the last trading period. * For Stepan Co (NYSE:SCL), Seaport Global downgraded the previous rating of Buy to Neutral. Stepan earned $1.56 in the third quarter, compared to $1.20 in the year-ago quarter. The stock has a 52-week-high of $131.72 and a 52-week-low of $69.33. At the end of the last trading period, Stepan closed at $127.85. * Raymond James downgraded the previous rating for Kinder Morgan Inc (NYSE:KMI) from Outperform to Market Perform. For the third quarter, Kinder Morgan had an EPS of $0.21, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $22.58 and a 52-week-low of $9.42. Kinder Morgan closed at $14.49 at the end of the last trading period. * For Inphi Corp (NASDAQ:IPHI), Stifel downgraded the previous rating of Buy to Hold. Inphi earned $0.88 in the third quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $172.61 and a 52-week-low of $55.72. At the end of the last trading period, Inphi closed at $168.19. * For Dana Inc (NYSE:DAN), B of A Securities downgraded the previous rating of Buy to Neutral. For the third quarter, Dana had an EPS of $0.37, compared to year-ago quarter EPS of $0.74. At the moment, the stock has a 52-week-high of $22.52 and a 52-week-low of $4.22. Dana closed at $21.80 at the end of the last trading period. * Berenberg downgraded the previous rating for Change Healthcare Inc (NASDAQ:CHNG) from Buy to Hold. 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Warner Music Group closed at $36.20 at the end of the last trading period. * Morgan Stanley downgraded the previous rating for Virtu Financial Inc (NASDAQ:VIRT) from Equal-Weight to Underweight. Virtu Financial earned $0.81 in the third quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $28.59 and a 52-week-low of $14.94. At the end of the last trading period, Virtu Financial closed at $25.64. * Jefferies downgraded the previous rating for Upwork Inc (NASDAQ:UPWK) from Buy to Hold. Upwork earned $0.02 in the third quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $41.41 and a 52-week-low of $5.14. Upwork closed at $38.01 at the end of the last trading period. * According to Jefferies, the prior rating for SolarWinds Corp (NYSE:SWI) was changed from Buy to Hold. For the third quarter, SolarWinds had an EPS of $0.28, compared to year-ago quarter EPS of $0.21. The current stock performance of SolarWinds shows a 52-week-high of $24.34 and a 52-week-low of $11.50. Moreover, at the end of the last trading period, the closing price was at $15.33. * For Mimecast Ltd (NASDAQ:MIME), Jefferies downgraded the previous rating of Buy to Hold. For the second quarter, Mimecast had an EPS of $0.32, compared to year-ago quarter EPS of $0.13. The current stock performance of Mimecast shows a 52-week-high of $59.48 and a 52-week-low of $25.14. Moreover, at the end of the last trading period, the closing price was at $52.37. * Jefferies downgraded the previous rating for LivePerson Inc (NASDAQ:LPSN) from Buy to Hold. In the third quarter, LivePerson showed an EPS of $0.12, compared to $0.41 from the year-ago quarter. The current stock performance of LivePerson shows a 52-week-high of $68.55 and a 52-week-low of $14.08. Moreover, at the end of the last trading period, the closing price was at $65.02. * According to HSBC, the prior rating for Johnson Controls International PLC (NYSE:JCI) was changed from Buy to Hold. In the fourth quarter, Johnson Controls Intl showed an EPS of $0.76, compared to $0.78 from the year-ago quarter. The current stock performance of Johnson Controls Intl shows a 52-week-high of $51.57 and a 52-week-low of $22.77. Moreover, at the end of the last trading period, the closing price was at $51.27. * According to BMO Capital, the prior rating for Andersons Inc (NASDAQ:ANDE) was changed from Outperform to Market Perform. For the third quarter, Andersons had an EPS of $0.07, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $26.01 and a 52-week-low of $10.00. At the end of the last trading period, Andersons closed at $25.18. * BMO Capital downgraded the previous rating for Archer-Daniels Midland Co (NYSE:ADM) from Outperform to Market Perform. 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Moreover, at the end of the last trading period, the closing price was at $20.36. * With a Neutral rating, B of A Securities initiated coverage on Upstart Holdings Inc (NASDAQ:UPST). The price target seems to have been set at $57.00 for Upstart Holdings. The current stock performance of Upstart Holdings shows a 52-week-high of $61.26 and a 52-week-low of $22.61. Moreover, at the end of the last trading period, the closing price was at $52.73. * JP Morgan initiated coverage on Option Care Health Inc (NASDAQ:OPCH) with an Overweight rating. The price target for Option Care Health is set to $21.00. In the third quarter, Option Care Health earned $0.04. The current stock performance of Option Care Health shows a 52-week-high of $18.21 and a 52-week-low of $5.74. Moreover, at the end of the last trading period, the closing price was at $16.78. * With a Buy rating, B of A Securities initiated coverage on BeyondSpring Inc (NASDAQ:BYSI). The price target seems to have been set at $25.00 for BeyondSpring. BeyondSpring earned $0.48 in the third quarter, compared to $0.37 in the year-ago quarter. The stock has a 52-week-high of $21.50 and a 52-week-low of $9.38. At the end of the last trading period, BeyondSpring closed at $12.62. * With a Equal-Weight rating, Barclays initiated coverage on World Wrestling Entertainment Inc (NYSE:WWE). The price target seems to have been set at $49.00 for World Wrestling Enter. In the third quarter, World Wrestling Enter showed an EPS of $0.57, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.54 and a 52-week-low of $29.10. World Wrestling Enter closed at $48.31 at the end of the last trading period. * With a Neutral rating, Goldman Sachs initiated coverage on ContextLogic Inc (NASDAQ:WISH). The price target seems to have been set at $19.00 for ContextLogic. The current stock performance of ContextLogic shows a 52-week-high of $24.75 and a 52-week-low of $0.26. Moreover, at the end of the last trading period, the closing price was at $20.36. * With a Buy rating, Jefferies initiated coverage on Upstart Holdings Inc (NASDAQ:UPST). The price target seems to have been set at $66.00 for Upstart Holdings. At the moment, the stock has a 52-week-high of $61.26 and a 52-week-low of $22.61. Upstart Holdings closed at $52.73 at the end of the last trading period. * With a Neutral rating, Goldman Sachs initiated coverage on Upstart Holdings Inc (NASDAQ:UPST). The price target seems to have been set at $55.00 for Upstart Holdings. At the moment, the stock has a 52-week-high of $61.26 and a 52-week-low of $22.61. Upstart Holdings closed at $52.73 at the end of the last trading period. * Barclays initiated coverage on Madison Square Garden Sports Corp (NYSE:MSGS) with an Overweight rating. The price target for Madison Square Garden is set to $224.00. Madison Square Garden earned $1.11 in the first quarter, compared to $3.36 in the year-ago quarter. The current stock performance of Madison Square Garden shows a 52-week-high of $188.54 and a 52-week-low of $140.15. Moreover, at the end of the last trading period, the closing price was at $182.42. * Stifel initiated coverage on Guardant Health Inc (NASDAQ:GH) with a Buy rating. The price target for Guardant Health is set to $175.00. For the third quarter, Guardant Health had an EPS of $0.78, compared to year-ago quarter EPS of $0.14. The current stock performance of Guardant Health shows a 52-week-high of $147.79 and a 52-week-low of $55.90. Moreover, at the end of the last trading period, the closing price was at $142.87. * With an Overweight rating, JP Morgan initiated coverage on BioAtla Inc (NASDAQ:BCAB). The price target seems to have been set at $45.00 for BioAtla. At the moment, the stock has a 52-week-high of $43.86 and a 52-week-low of $27.15. BioAtla closed at $38.25 at the end of the last trading period. * With a Buy rating, BTIG initiated coverage on BioAtla Inc (NASDAQ:BCAB). The price target seems to have been set at $47.00 for BioAtla. The stock has a 52-week-high of $43.86 and a 52-week-low of $27.15. At the end of the last trading period, BioAtla closed at $38.25.See more from Benzinga * Click here for options trades from Benzinga * Price Over Earnings Overview: Moelis & Co * P/E Ratio Insights for Dr Reddy's Laboratories(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Will Ford Stock Reach $20 By 2022?

    Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.We surveyed a group of over 1,000 investors on whether shares of Ford Motor Company (NYSE: F) will reach $20 by 2022.Ford Stock Forecast Ford designs, manufactures, markets, and services a range of cars, trucks, sport utility vehicles, electric vehicles and Lincoln luxury vehicles worldwide. The company has about 14% market share in the United States and about 7% share in Europe.Ford's mobility segment designs and builds mobility services; and provides self-driving systems development and vehicle integration, autonomous vehicle research and engineering, and autonomous vehicle transportation-as-a-service network development services.Ford's stock trades around $9 at time of publishing, off the 52-week low of $3.96.Sentiment was extremely tight for this week's study. A majority of investors, 52% to be exact, said Ford would not reach $20 per share by the end of 2022.Traders and investors who participated in our study reiterated that the overall U.S automobile industry is struggling as it attempts to adapt to rapid technological trends and the ongoing pandemic.Car manufacturing must be positioned in the electric vehicle market these days. Ford is working on a plan for its exposure to the electric car market. A more clear vision will definitely boost trust in the stock's future.The growing demand for EVs isn't surprising. Thanks to the rise in popularity of Tesla Inc (NASDAQ: TSLA) and Nio Inc - ADR (NYSE: NIO) and as EVs come more into the mainstream, people are seeing many benefits of owning an EV including cost savings during ownership and much lower maintenance needs.See also: How To Buy Ford Stock.This survey was conducted by Benzinga in January 2021 and included the responses of a diverse population of adults 18 or older.Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.See more from Benzinga * Click here for options trades from Benzinga * Will Ford Or GM Stock Grow More By 2022?(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Bitcoin’s Biggest Plunge Since March Shakes Faith in Crypto Boom

    (Bloomberg) -- A steep selloff in Bitcoin is fueling concern that the cryptocurrency bubble may be about to burst.Bitcoin slid as much as 26% over Sunday and Monday in the biggest two-day slide since March. After dropping as much as 20% during New York trading hours on Monday, the price continued to fluctuate wildly. Bitcoin has wiped out about $185 billion in value since Friday, more than the market capitalization of 90% of individual companies in the S&P 500.“It’s to be determined whether this is the start of a larger correction, but we have now seen this parabola break so it might just be,” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore.Bitcoin has more than quadrupled in the past year, evoking memories of the 2017 mania that first made cryptocurrencies a household name before prices collapsed just as quickly. Prices almost reached $42,000 on Jan. 8 with retail traders and Wall Street investors clamoring for a piece of the action.“It was a parabolic move,” said Matt Maley, chief market strategist at Miller Tabak + Co. “What happens with all parabolic moves? You see severe corrections.”While Maley sees Bitcoin moving much higher over the long term, it will still experience severe corrections along the way, he said.“It will still have big declines of anywhere from 30-60%,” he said. “And it’s going to happen more than once.”Bitcoin slid 13% to around $33,159 as of 1:36 p.m. in New York. Other coins including Bitcoin Cash, Ether and Litecoin fell even more.“Time to take some money off the table,” Scott Minerd, chief investment officer with Guggenheim Investments, said in a tweet from his verified Twitter account. “Bitcoin’s parabolic rise is unsustainable in the near term.” In late December, Minerd predicted Bitcoin could eventually reach $400,000.True believers in Bitcoin argue the rally this time is different from past boom-bust cycles because the asset has matured with the entry of institutional investors and is increasingly seen as a legitimate hedge against dollar weakness and inflation risk. Others worry that the rally is untethered from reason and fueled by vast swathes of fiscal and monetary stimulus, with Bitcoin unlikely to ever serve as a viable currency alternative.With so many investors wanting to get rich on Bitcoin, the asset is drawing the attention of regulators. On Monday, the U.K.’s financial watchdog issued a stark warning for consumers looking to profit from crypto: be ready to lose everything.“Investing in crypto assets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the Financial Conduct Authority said in a statement. The FCA’s concerns include price volatility, the complexity of products offered and the lack of consumer protection regulation around many of the products.Read: Does Bitcoin Boom Mean ‘Better Gold’ or Bigger Bubble? QuickTake(Updates with market capitalization lost in the second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • 'The market is paying Tesla to take capital': Credit Suisse analyst

    Tesla shares broke their 11-day winning streak on Monday as the overall markets opened lower, and despite a couple of Wall Street price target increases on the stock.

  • ‘Big Short’ investor says his big Tesla short is getting ‘bigger and bigger’

    Tesla short sellers, caught on the wrong end of a $38 billion hit in 2020, suffered "the largest yearly mark-to-market loss" Ihor Dusaniwsky of S3 Partners has ever seen. One of those under water on that trade: Michael Burry of "The Big Short."

  • Is Nio Stock A Buy As China EV Leader Surges After Unveiling Luxury Sedan?

    Supercharged Nio just unveiled its first long-battery-life electric car, sending shares soaring. But is Nio stock a buy now? Here is what the fundamentals and technical analysis say.

  • Exxon’s Mega Oil Finds In Guyana Are Just The Beginning

    Exxon’s mega oil finds in Guyana may just be the start of a long string of hydrocarbon discoveries in the Guyana, Suriname basin

  • Day Traders Lighting Up Reddit Spur Rally in Tiny Health Stocks

    (Bloomberg) -- TransEnterix Inc. almost doubled, climbing as much as 97% on Monday, as day traders drove heady gains in a handful of health-care stocks.The stock has surged about 180% since the start of the new year. Today’s trading volume was more than 13 times normal. The penny stock garnered a mention in several Reddit forums over the past few days, with one user comparing it with the roughly $95 billion market-cap leader in surgical robotics, Intuitive Surgical Inc.TransEnterix markets the Senhance surgical system, cleared by the U.S. Food and Drug Administration in 2017. According to the device-maker in an update last week, 10 of the systems were installed in 2020. The Morrisville, North Carolina-based company said it ended 2020 with $17.5 million in cash and equivalents, enough to keep the company afloat into the third quarter.Such outsized moves in small-caps are becoming par for the course these days. Also surging at the open on the back of mentions in Reddit forums was Zomedica Corp., a company that develops medicines for pets. The stock jumped as much as 98% on Monday and is up almost four-fold from the start or the year. Signal Advance Inc., another medical device-maker, soared as much 885% to a record high Monday after investors confused its ticker with another company mentioned in a tweet by Elon Musk. The stock pared gains, though was still up about 300% by midmorning. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.