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Latest Stories

  • These 3 “Strong Buy” Stocks Are Top Picks for 2021, Say Analysts

    Some traditions are too time-honored to shirk, and on Wall Street, the annual ‘top picks’ are one. Usually made at the very end or very beginning of a year, the Street’s analysts publish reviews on the stocks they believe will show the best performance in coming months – their top picks. The analysts have been analyzing each stock carefully, looking at its past and current performance, its trends on a variety of time frames, management’s plans – they take everything into account. Their recommendations provide valuable direction for building a resilient portfolio in the new year. With this in mind, we used TipRanks' database to identify three stocks which the analysts describe as their ‘top picks’ for 2021. Talos Energy (TALO) The Gulf of Mexico has long been known as one of the world’s great hydrocarbon production regions, and Talos Energy, which produces some 48,000 barrel of oil equivalent per day from offshore operations in the Gulf, is an important player in the area. Talos finished the third quarter of 2020 running a net loss, but revenues, at $135 million, were up 53% sequentially. The company reported over $353 million in accessible liquidity to end the quarter, including $32 million in cash on hand and $321 million in available credit. In December of last year, and continuing into this January, Talos has firmed up its liquidity situation through issues of senior secured notes. The December issue, of $500 million at 12%, will be used mainly to pay down a previous note issue which comes due next year. The January issue, an additional $100 million, will be used to cover outstanding debt on the reserves-based lending facility. Both note issues are due in 2026. Highlighting TALO as his top E&P pick for 2021, Northland analyst Subash Chandra wrote, "TALO is one of the few companies that we are aware of trading at trailing PDP values without a good reason, in our view. The company has addressed the maturity wall and credit facility stresses with a December equity offering and refi. They enter 2021 with breathing room to cross the finish line with Zama and look for scaling opportunities in GoM." To this end, Chandra rates TALO an Outperform (i.e. Buy), and puts a $19 price target, indicating the potential for 91% growth in the coming months. (To watch Chandra’s track record, click here) Overall, with five analyst reviews on file, including 4 Buys and a single Hold, Talos gets a Strong Buy rating from the analyst consensus. Shares are priced at $9.96, and their $14.33 average target gives ~44% upside on the one-year horizon. (See TALO stock analysis on TipRanks) Twilio (TWLO) Next up is Twilio, a Silicon Valley cloud communications company. Twilio’s software services allow customers to run their telecom service through their office computer servers, making available not just phone calls but chats, texts, and video conversations. The service includes security features such as user verification. The COVID pandemic, and the shift to remote work that was enforced on the economy, has been a boon to Twilio. The shift put a premium on stable and reliable remote connections and telecommuting, and the company’s revenues, which were already strong and showing sequential gains in every quarter, rose to $447 million in 3Q20. Subsequently, Twilio’s shares have skyrocketed 225% over the past 52 weeks. Oppenheimer analyst Ittai Kiddron sees the company on a solid foundation for continued growth, writing, “While some puts and takes are in place in 1Q21, Twilio's long-term opportunity remains underappreciated by investors. We believe the company's differentiated product portfolio (communications/data) and evolving GTM approach (hiring/GSI) can drive G2K/int'l adoption/expansion and enable >30% rev. growth at scale (>$4B/$6B) through CY23/24.” The 5-star analyst chooses TWLO as a ‘top pick,’ based on his upbeat analysis of Twilio. That comes with an Outperform (i.e. Buy) rating and a $550 price target implying one-year growth of 41%. (To watch Kiddron’s track record, click here) How does Kiddron's bullish bet weigh in against the Street? Overall, Wall Street likes Twilio, a fact clear from the 21 analyst reviews on record. No fewer than 18 of those are Buys, against just 3 Holds. However, the stock’s recent share gains have pushed the price up to $388.65, leaving room for just 2% upside before hitting the $396.88 average price target. (See TWLO stock analysis on TipRanks) SI-Bone (SIBN) Medical tech is a field of near-endless possibility, and SI-Bone has found a niche. The company specializes in the diagnosis sand treatment of pain and dysfunction in the sacroiliac joint between the lower back and pelvis. The company’s revenues dropped off between 4Q19 and 2Q20, as the corona crisis put a damper on elective medical procedures. That turned around in Q3, when the economy began to open up; many industries, including the medical field, saw a burst of pent-up demand that has not yet dissipated. In raw numbers, SIBN reported a 42% sequential revenue increase for Q3, with the top line at $20.3 million. Year-over-year, revenues were up 26%. During the quarter, the company passed 50,000 iFuse procedures, handled by 2,200 surgeons around the world. The company had $132 million in liquid assets available at the end of the quarter, against $39.4 million in long-term debt. Looking forward, the company guides toward an 8% to 10% yoy gain in full-year revenue for 2020, expecting that top line at $73 million to $74 million. Analyst David Saxon, covering the stock for Needham, says, “SIBN has shown resiliency during the pandemic, and we believe its growth drivers can allow it to beat consensus revenue throughout 2021. Further, we expect SIBN's 2021 sales force expansion, building momentum in surgeon training, upcoming product launches, and direct-to-patient marketing will all contribute to strong revenue over the next few years.” Saxon uses these points to support his ‘top pick’ status for SIBN. His average price target is $35, suggesting an upside of 23%, and fitting nicely with his Buy rating. (To watch Saxon's track record, click here) All in all, SI-Bone gets a Strong Buy from Wall Street, and it is unanimous – based on 5 positive reviews. The shares are selling for $28.48, and their $33.80 average target implies room for ~19% growth over the course of 2021. (See SIBN 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.

  • Is the stock market open today? Here are the trading hours on Martin Luther King Jr. Day

    Most financial markets will be closed for the celebration of the civil rights leader's life, the first one since protests over the killing of George Floyd touched off massive protests across the nation.

  • Is the Stock Market Open Today? Here Are the Hours for Martin Luther King Jr. Day.

    The Dow Jones Industrial Average and S&P 500 index are up 0.7% and 0.3%, respectively, so far this year.

  • Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations

    The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate.

  • There are six types of retirees — which are you?

    New retirees are like recent college graduates — they’re on their own after years of the same routine, and they have to find a new path to follow. This type of retiree ventures into the unknown, taking on a new job they’ve never done before.

  • 5 Stocks Expected to Crush the S&P 500

    To this end, The Boston Consulting Group (BCG) and Fortune magazine created the Fortune Future 50, "the global companies with the best prospects for future growth." The top five names on Fortune Future 50's list include ServiceNow (NOW), Veeva Systems (VEEV), Atlassian (TEAM), Workday (WDAY), and Splunk (SPLK). ServiceNow is an enterprise software company, focusing on digital workflows.

  • He began buying Tesla at just $7.50, and now he’s retiring at 39 years old with $12 million worth — he still refuses to sell a single share

    While just about every financial planner out there continues to espouse the "diversify" mantra, Jason DeBolt, a former Google and current Amazon employee, has taken a decidedly different approach.

  • Barron's Picks And Pans: Exxon Mobil, GameStop, Intel, 3M, Toll Brothers And More

    * This weekend's Barron's cover story offers thoughts and stock picks from the latest Barron's Roundtable. * Other featured articles examine the cutting edge in biotech stocks, an outlier bubble forecast and growing corporate political activism. * Also, the prospects for a struggling retailer, a luxury homebuilder, an oil giant and more.Cover story "Welcome to the Roaring '20s, but Maybe Not for Stocks, Our Experts Say" by Lauren R. Rublin offers thoughts from 10 investment pros on the Barron's Roundtable on how lofty valuations could limit the market's gains this year. The article includes nine stock picks from the roundtable. See if Walt Disney Co (NYSE: DIS) is one of them.Connor Smith's "GameStop Stock Doubled Last Week--But Challenges Remain" points out that Barron's recently argued that GameStop Corp. (NYSE: GME) shares looked pricey at $18, but now they are nearly $40. See why the downbeat view on the videogame retailer's stock remains the same.In "Intel's New CEO Has a Tough Task," Max A. Cherney makes the case that Pat Gelsinger's most pressing issue will be tackling the manufacturing issues at Intel Corporation (NASDAQ: INTC). See why there is no easy fix for a company that has long insisted on doing things in-house.The pandemic has reminded people of means that space and amenities in their homes have real value. So says "Why Toll Brothers Is a Play on the 'Single-Family Supercycle'" by Andrew Bary. See why Barron's believes Toll Brothers Inc (NYSE: TOL) can build on the housing boom, as the nation's largest luxury homebuilder offers rising returns and a low valuation.In Bill Alpert's "With Rare Speed, Gene Editing Emerges as Biotech's New Cutting Edge," the focus is on why stocks of companies wielding tools that allow them to edit DNA and attack genetic diseases and cancer are suddenly hot. Are Crispr Therapeutics AG (NASDAQ: CRSP) or Editas Medicine Inc (NASDAQ: EDIT) worth a look now?"3M Stock Is Unloved and Underpriced. Here's Why It Could Shoot Up Higher" by Ben Levisohn discusses why 3M Co (NYSE: MMM) stock could be poised to ride an economic rebound. After all, the conglomerate makes the adhesives, abrasives and chemicals that companies need in order to do what they do.See also: Benzinga's Weekly Bulls And Bears: AMD, Marathon, Tesla, Uber, Walgreens And MoreA renowned investor argues that stocks are too high, the Fed's promise of low interest rates is just a nice story, and Wall Street is always upbeat, according to Jack Hough 's "Jeremy Grantham's Bubble Forecast Is an Outlier. Is He Right?" See what Barron's thinks comes next for the likes of General Motors Company (NYSE: GM) and Procter & Gamble Co (NYSE: PG).In "Companies Are the New Activists After Capitol Riot," Leslie P. Norton examines how recent events have prompted America's corporations, from Amazon.com, Inc. (NASDAQ: AMZN) to Chevron Corporation (NYSE: CVX), to wade decisively into politics with a range of activist initiatives.Avi Salzman's "The Dow Dropped Exxon Mobil in August. But as Oil Prices Rise, So Does Its Stock" explains why it looked like Exxon Mobil Corporation (NYSE: XOM) might have to cut its dividend, but now rising oil prices give it time to cut costs and its $65 billion in debt. Find out why Barron's says Wall Street is giving it a second look.Also in this week's Barron's: * The 2020 Barron's Roundtable report card * Experts on how Biden can fix the COVID-19 vaccine rollout * How much presidents actually influence the economy * ESG activists' new focus on diversity in corporate leadership * What is next now that fear has come to the markets * What the outgoing administration meant for the economy * Whether higher dividend taxes for top earners are coming * Why "bridges" to maximize Social Security benefits should be built into 401(k)s * How Mexican resorts got creative during the pandemicAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Photo by Mike Mozart on Flickr.See more from Benzinga * Click here for options trades from Benzinga * Notable Insider Buys Of The Past Week: Conagra Brands Plus Plenty Of Biotech Activity * Benzinga's Weekly Bulls And Bears: AMD, Marathon, Tesla, Uber, Walgreens And More(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • This little-known tax break is worth up to $2,000 for retirement savers

    If you haven't heard about the saver's credit, you'll want to get up to speed.

  • 8 Things You Think Are Tax Deductible That Aren't

    Some taxpayers get tripped up assuming expenses are tax deductible when they aren't. Here are eight items that can lead to unpleasant surprises during an audit.

  • Your next stimulus check — for $1,400 — will move closer this week

    Congressional leaders plan to get "right to work" on it. How soon could you get the cash?

  • Companies Owned by MSFT

    Microsoft Corp. (MSFT), one of the world's largest technology companies, was founded in 1975 by Bill Gates and Paul Allen in a garage in Albuquerque, New Mexico. Five years later, Gates and Allen were hired to provide the operating system for IBM's first personal computer, followed in 1985 by Microsoft's launch of its now ubiquitous Windows software product. In 1986, the company raised $61 million in an initial public offering (IPO) that some analysts referred to as "the deal of the year." While Microsoft began as a software company, it has expanded its reach into broad areas of the tech industry.

  • Crypto Mining Giant Bitmain Is Going Public With a $40 to $50 Billion Valuation

    Major bitcoin mining operation Bitmain filed an application to become a public company in 2018, with a market capitalization of $40 billion to $50 billion. This attempt to go public on the HKSE ultimately failed.

  • Commodities May Be The Next Big Thing; Here Are 3 ETFs To Get Started

    Bloomberg this weekend reported on the boom that is taking shape in the commodities markets.What Happened: Investors are moving from the bull market in stocks to areas further afield in search of returns in a very-low interest rate environment."Commodities haven't been this sexy since the mid-2000s, when China was stockpiling everything from copper to cotton," Bloomberg reports.The story points to several developments: * JPMorgan Chase & Co. (NYSE: JPM) recommending a move away from bonds toward materials * Hedge fund bets at their highest levels in a decade, totalling nearly $120 billion * Agricultural markets also up more than 30% in the last decade * Corn at a seven-year high * Soybeans and wheat at their highest prices since 2014 * Copper having the potential to rally 20% to more than $10,000 a metric ton, according to Francisco Blanch, head of global commodities research at Bank of AmericaQuick Ways To Jump In: If this makes you itchy to get in on the action, then here are three ETFs and two copper funds that can give you exposure to metals and agriculture, which we gathered by asking around the Benzinga staff for some quick ways to place bets.Note that this is by no means a comprehensive list but some simple ways to buy if you believe these commodities will continue their rise. * Invesco DB Agriculture Fund (NYSE: DBA) With $691.8 million in assets under management, this is one of the largest ETFs that holds actual agricultural commodities. Its 26-week return rate stands at 20.79%, according to ETF Database. Its share price is up 20.79% over the past six months and closed last week at $16.56. * For an ETF that holds agricultural stocks, the largest is VanEck Vectors Agribusiness ETF (NYSE: MOO). It has $914.5 million in assets under management and "the best ticker symbol out there," says Spencer Israel, producer of Benzinga's PreMarket Prep. It has a 26-week return rate of 31.32%, according to ETF Database. It is up 29.89% over the past six months and closed last week at $82.14. * The VanEck Vectors Rare Earth/Strategic Metals ETF (NYSE: REMX) holds stocks of companies that produce rare earth metals such as titanium, molybdenum, cerium, manganese and tungsten. It has $421.1 million in assets under management. The ETF's 26-week return rate is 89.57%, and its share price closed last week at $72.38, up 87.90% over six months. * For pure copper plays, also look into the Barclays iPath Bloomberg Copper Subindex (NYSEARCA: JJC), which is an exchange-traded note, and the United States Copper Index Fund (NYSE: CPER), an exchange-traded product.Image source: PexelsSee more from Benzinga * Click here for options trades from Benzinga * Tesla Takes Legal Action Against Chinese News Outlet Over Report Of 'Sweatshop' Conditions At Shanghai Gigafactory: Global Times * Swiss Bank Chairman Benjamin de Rothschild Dies Of Heart Attack At 57(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • BlackBerry: An Emerging Big Data Company

    BlackBerry Limited (BB) is somewhat of an enigma in the investment world, full of great promise but at the same time, it has let shareholders down time and again. The company is armed with a huge patent portfolio, and offers several cutting-edge products in cybersecurity, Internet-of-Things (IoT), and automotive technology. What’s more, shares have surged 32% in the last two sessions after BlackBerry announced that it has sold 90 smartphone technology patents to Huawei, as part of its shift away from the mobile phone space. But while BlackBerry gushes with potential, it also disappoints quarter after quarter. In the most recent quarter, BlackBerry missed on revenue and GAAP EPS. Most concerning were the drop in revenue, down 20% year-over-year, and the sizeable increase in GAAP operating loss of $127 million, up from the $29 million loss one year ago. To be fair, some of the performance issues were pandemic-related, particularly with regards to the auto sector where plant shutdowns have translated to fewer automobile deliveries, and hence, lower QNX licensing fees. However, the company’s revenue has been shrinking for several years before the pandemic. The five-year growth rate for example is -20.8%. Company Transformation The story is not all bad. Glimmers of hope are emerging in what may yet shape up to be a multi-year turnaround story that started in 2013, the year that John Chen took the reigns of BlackBerry as CEO. At that time, BlackBerry was a $6 billion Titanic, immersed in red ink after hitting an iceberg called the Apple iPhone. After taking charge, John Chen proceeded to monetize the company’s patent portfolio, and transform the mobile phone manufacturer into a much more modest $1 billion software company. The transformation has taken place over several years, with half a dozen acquisitions along the way, including Cylance, Good, and AtHoc. These companies have been assimilated and worked into BlackBerry's product streams, but also have resulted in a significant write down of goodwill, including $500 million earlier in 2020. BlackBerry has at least stabilized its financial situation, and now has positive free cash flow and adjusted EBITDA. That said, the turmoil surrounding the company has affected its stock price and resulted in an attractive valuation. BlackBerry also boasts some promising technologies that could lead to strong revenue growth down the road. This may be a great time to invest in BlackBerry. Valuation Metrics BlackBerry’s low valuation should come as no surprise given its past troubles. The company has superior metrics versus the software industry on a number of fronts, summarized in the table below. MetricBlackBerryIndustryPrice/Sales Ratio5.8511.31Price/Book Ratio3.0711.44Gross Margin74.2%70.9%Operating Margin-9.2%-23.6%Current Ratio2.271.57Total Debt/Equity0.330.55 Metrics such as price/sales and price/book ratio suggest that BlackBerry is quite undervalued, with a strong likelihood that the stock will outperform once the company’s future potential is recognized by the market. It is not at all unreasonable to expect a 2x - 3x stock price increase from its current level. BlackBerry IVY BlackBerry’s recent announcement regarding its strategic alliance with Amazon Web Services (AWS) may be enough to kick-start the company’s stock price. The exclusive partnership provides instant credibility along with a ‘Big Data’ mindset to vehicle data, resulting in unlimited potential for third-party applications in areas such as car insurance, maintenance, EV charging, and connected vehicles. The AWS platform gives BlackBerry IVY cloud-connectivity, scalability, and a global reach. This initiative will provide BlackBerry with a new source of recurring revenue in the automotive market, where it already has software installed in over 175 million cars. Spark Suite Apart from BlackBerry IVY, there are several other promising technologies emerging from BlackBerry, including Spark Suite, which combines Endpoint Management with Endpoint Security, a logical step in the evolution of mobile devices. Spark Suite provides Zero Trust, an emerging concept in cybersecurity that is becoming a necessity for enterprises as mobile devices such as wearables become the norm within the workplace. In addition to IVY and Spark Suite, BlackBerry has several other more mature product offerings including QNX, BlackBerry AtHoc, and BlackBerry SecuSUITE. While not as exciting as BlackBerry's recent initiatives, they provide a steady and increasing revenue stream. Wall Street’s Take From Wall Street analysts, BlackBerry earns a Hold analyst consensus based on 3 Hold ratings. Additionally, the average price target of $8 puts the downside potential at 18.7%. (See BlackBerry stock analysis on TipRanks) Summary and Conclusions BlackBerry has had a turbulent past, downsizing from a $6 billion hardware company into a $1 billion software company over the last seven years. Revenue was down 20% year-over-year in the latest quarter, but much of the poor performance can be attributed to the soft auto sector resulting from the pandemic. QNX licensing fees and royalties will pick up as the global economy improves. Despite several years of disappointing results, the company has stabilized its financial situation and appears to be positioned to capitalize on several leading-edge technology ventures, including its exclusive partnership with AWS and enterprise mobility management and security. Given the very low valuation, this could be an ideal time to invest in BlackBerry. Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.

  • Dow Jones Futures: Stock Market Rally Has Healthy Pullback As Biden Stimulus Buzz Wanes; Tesla Model Y China Deliveries Begin

    Dow Jones futures: The stock market rally pulled back last week as Biden stimulus buzz wanes. Tesla Model Y China deliveries have begun.

  • These Are The 5 Best Stocks To Buy And Watch Now

    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?

  • Op-ed: Black student loan borrowers 'need cancellation, and they need it now'

    The debate around canceling student debt has been front and center in the wake of the presidential election, and President-elect Biden should provide substantial cancellation on his first day in office.  

  • Morgan Stanley Sees Over 37% Rally in Delta Airlines; Forecasts Stock at $86 in Bull Case

    Morgan Stanley raised their stock price forecast on Delta Airlines, one of the major players in the United States aviation industry, to $55 from $51 and said a decent Q1 guide and bullish commentary on the call about the potential for a traffic rebound, particularly in corporate, reinforces their bullish view on the airline space.

  • Trump Halts Huawei Supply in Final China Blow, Reuters Says

    (Bloomberg) -- The U.S. government notified several of Huawei Technologies Co.’s suppliers that it’s revoking their licenses to work with the Chinese company and rejecting other applications in the last days of Donald Trump’s presidency, Reuters reported, citing unidentified people familiar with the matter.Current licensed suppliers that have been notified include Intel Corp., Reuters said. In addition, the Commerce Department indicated its intent to deny “a significant number of license requests for exports to Huawei,” according to an email obtained by the news agency. Representatives for Intel and the U.S. Commerce Department didn’t immediately respond to requests by Bloomberg News seeking comment.The latest move against Huawei is probably the Trump administration’s last strike to weaken the Chinese telecommunications giant and puts the spotlight on how the incoming Biden administration will approach the U.S.-China relationship. Asian chip stocks and Huawei suppliers including Samsung Electronics Co., Tokyo Electron Ltd., Advantest Corp. and Lasertec Corp. slid between 1% and 4% in early Monday trading.Intel was among a small group of companies that the U.S. government cleared to do business with Huawei, which it put on its so-called entity list of national security threats in May 2019. Trump administration sanctions have cut Huawei off from business-critical relationships with the likes of Alphabet Inc.’s Google, which provided the Android software on hundreds of millions of Huawei smartphones, and Taiwan Semiconductor Manufacturing Co. for its cutting-edge chips.Huawei has relied on Intel much less, primarily for its servers and consumer laptop products. A representative for the Chinese company didn’t immediately respond to a request for comment.Read more: Trump’s China Inc. Onslaught Leaves Key Decisions for BidenTrump has escalated his campaign to curb China’s technological rise as his term draws to a close. Xiaomi Corp., another smartphone and consumer electronics vendor, was among nine firms added to the U.S. Defense Department’s list of companies with alleged ties to the Chinese military, a move that will restrict U.S. investments in its securities. Other companies include state-owned planemaker Commercial Aircraft Corp. of China Ltd., or Comac, which is central to China’s goal of creating a narrow-body plane that can compete with Boeing Co. and Airbus SE.The profile of the companies targeted, including in the latest announcements on Thursday, is staggering. They include China’s three biggest telecom firms, its top chipmaker, its biggest social media and gaming players, its top two smartphone makers, its main deepwater energy explorer, its premier military aerospace contractor, its leading drone manufacturer and its primary commercial planemaker.While the scope of Trump’s unprecedented actions has roiled markets, the full reckoning of their impact largely hinges on President-elect Joe Biden. His incoming administration will have the power to either keep the restrictions in place, remove them or tighten them further.Read more: U.S. Blacklists Xiaomi in Widening Assault on China Tech(Updates with share action from 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.©2021 Bloomberg L.P.