World news – AU – revamped Google Pay targets PayPal, Venmo, and Apple Pay

On Wednesday, Google revealed a major re-launch of the Google Pay app for Android and iOS, with a host of features that reach the point of competition pictured in PayPal’s owned Venmo, Square Cash app, and Apple Pay..

The app’s new look is based on three tabs: Explore, which currently offers cashback rewards from partner brands including Gap, Levi’s, Adidas, and Crocs (watch out: Pay-Pal, owned by Honey, Lolli, and others). Extensions to shopping rewards); Pay, which allows peer-to-peer payments to be sent (Google Snapshot on Venmo, Cash App, and Zelle), create groups for easy splitting of restaurant checks, and push for contactless payments at businesses (think Apple Pay); And Insights, which makes transactions easily searchable if you link your credit cards to the app. Banking analyst Ted Rusman sees this as one of the biggest appeals: « One of the reasons Gmail is so successful is because of its excellent searchability, » he wrote in a note. “Adding Google’s search expertise to users’ finances should resonate with consumers who want to better understand their money.

In 2021, Google Pay will add Plex accounts, a mobile and millennial bank account with no monthly fees, overdraft fees, or minimum balance requirements. Eleven partner banks offer accounts, including Citi and BBVA.

While many may see the news as Google’s bid to become a bank, Google insists it is merely a channel for accounts, which partner banks will manage.

« We have no plans to become a bank, » said Josh Woodward, Director of Product Management at Google, on Yahoo Finance Live Thursday.. Google brings our user experience, our technical expertise, and we match that with the bank’s financial and regulatory expertise. And the bank account you can activate directly from within Google Pay. But your money is with the bank.

Google (GOOG, GOOGL) is doing this at a time when financial tech use cases proliferate, and big and small players have tried to woo customers around the same basic promise: quick and easy payments. This is what people who use their smartphones have expected to pay, whether it’s sending a payment to an owner or receiving money from a friend.

« Paying people right now is one of those tough steps, » says Woodward.. « You have to know who owes what, hold him accountable, and there is always a friend who is very slow to pay, you kind of have to bother him.. So we try to make this group payment experience very flexible, whether it’s splitting a pizza or paying rent with your roommates.

Major banks participating in Zelle enter this race, as do each individual bank with their own mobile app; Square is in this race with the Cash app as well as the first mobile software tools for small businesses; Shopify and Stripe in this race; PayPal enters this race with its flagship PayPal app and with Venmo, which it acquired in 2013 when it bought Braintree for $ 800 million.. (The price now looks cheap, given Venmo’s growth. )

The one trend in this space that Google hasn’t jumped in yet: Bitcoin. Square (SQ) in 2018 added the option to buy and hold bitcoin to its cash app, and invested the last quarter in $ 50 million of Bitcoin as an asset on its balance sheet.. PayPal (PYPL) said in October that it would soon allow purchases and payments with Bitcoin for PayPal and Venmo..

Google isn’t there yet. « It’s a feature request we’ve been hearing since yesterday, » Woodward says.. «  But these are always things we watch. But nothing now.

Daniel Roberts is editor-at-large at Yahoo Finance who closely covers financial technology and Bitcoin. Follow him on Twitter at readDanwrite.

Jimmy Dimon says bitcoin is « not my cup of tea » even as JPMorgan cryptocurrency is ready

Shares have risen since the end of October, supported by elections that may provide stability and news that effective vaccines for the new Corona virus are closer than we had imagined.. Rapid market shifts are enough to make investors feel dizzy – or at least, to make them look to the experts to understand the financial landscape.. . At times like these, myths can provide some guidance. We are referring to the people who changed the way we play the investment game, and that is Ken Griffin. Ken Griffin has a knack for mathematics and finance. Since he began trading stocks from his campus at Harvard in 1987, Griffin has amassed a personal fortune of more than $ 15 billion – and has achieved fame on Wall Street as the hedge giant.. . While he’s personally reclusive, his investment decisions remain public, and following Ken Griffin’s stock options makes a viable investment strategy.. Griffin notes that the market last fall and describes the general recovery since March as « a big trader’s dream. ». Looking at the elections, he sees positive net results for the markets. He believes that a divided government, along with a narrower Democratic majority, will empower centrists and help avoid « crippling » tax increases. With that in mind, we wanted to take a closer look at three stocks in the Griffin Fund that Citadel recently picked up.. By running indicators through the TipRanks database, we learned that each one has a consensus rating of « strong buy » from the analyst community and massive rally potential.. Kadmon Holdings (KDMN) First, we have Kadmon, which focuses on developing drug therapies for immune disorders and fibrous diseases, and like many clinical research companies, the point of investment here is about potential rather than profits.. Kadmon has two drugs in the pipeline – Belumosudil (KD025), which is in a late testing phase as a treatment for chronic graft versus host disease (cGVHD) and systemic sclerosis. And the experimental KD033 that is being investigated as an immunotherapy for carcinomas. A New Drug Application (NDA) has been submitted to the FDA for Belumosudil in cGVHD, and is currently under review. Meanwhile, enrollment continues in the second phase of the systemic sclerosis study and it is expected that the second phase of the small open designation study will commence in the first quarter of the year 21.. Moreover, KD033 is currently in a stage 1 study in metastatic and / or locally advanced solid tumors. A vibrant pipeline – especially one in which drug candidates are steadily advancing – is sure to attract investor attention.. Among the fans is Ken Griffin. 924,309 shares were bought by Citadel in the third quarter, with the total position now down at 6,587,531 shares. The job is valued at over $ 24 million. In fact, thanks to the company’s promising pipeline and $ 3. 80, Mizuho Mara Goldstein analyst believes that investors should participate in the event. «  Belumosudil, a new inhibitor of ROCK2, has successfully completed a Pivotal Program (ROCKSTAR) in chronic graft versus host disease and is initiated for FDA submission. We see this indicator as generating U. s. Revenue of $ 628 million in 2030, which is not fully assessed in KDMN’s valuation, in our view [. . . ] We also see a potential opportunity from additional indicators and other candidates who have the potential to turn the assessment, ”Goldstein noted. To this end, Goldstein evaluated KDMN to buy with a price target of $ 13. This target reflects Goldstein’s confidence in KDMN’s ability to climb 246% from current levels. (To see Goldstein’s record, click here) Do other analysts agree? They are. Only purchase ratings have been released, 4, in fact, in the last three months. So, the message is clear: KDMN is a solid buy. Given $ 13. 75 average price target, stocks could rise 266% next year. (See KDMN stock analysis on TipRanks) K12, Inc. (LRN) Next on our Griffin picks list is K12, a company in the education management organization field – or in other words, a provider of curriculum and educational resources designed for online learning as an alternative to traditional school brick and mortar systems.. K12 was founded in 2000, but it emerged during the Corona crisis in 2020, when social lockdown policies directed students toward homeschooling and internet places.. The numbers show him as often as you can. K12 reported Q3 (fiscal year 1) revenue of $ 371 million, up 37% over the previous quarter and the most impressive 44.. 3% year on year. The company’s general education business was valued at $ 313. 8 million of that total, and it was 34 more. 4% year on year. EPS jumped 150% in succession, from 12 cents in the second quarter to 30 cents in the third. Griffin clearly understood K12’s potential in the current environment, buying 447,703 shares of LRN during the third quarter.. Griffin now owns more than 496,000 shares in the company, and this possession is worth approximately $ 11. 9 million. Analyst Alexander Paris of Barrington is taking a bullish stance on this stock. Paris writes, « The administration is cautiously optimistic that it can grow as it focuses on student retention (which has improved consistently over the past several years) and career learning initiatives. . . . Investors have been drawn to their robust distance learning model and see the potential upside from COVID – 19 increasing demand for its services in the medium to long term.. In line with these comments, Paris ranks the stock as a superior performer (i.e.. e. Buy). Its $ 60 target price shows confidence in a 150% rally for the next year. (To see the Paris record, click here) Once again, this is a unanimous stock on a strong buy rating, backed by four recent analyst ratings.. The average target price for stocks is $ 49. 33, indicating a 106% increase from the $ 24 trading price. (See K12 stock analysis on TipRanks) Overstock (OSTK) is an online retailer who got their start following the point.. Com bubble twenty years ago; Ironically, it started as an e-commerce company selling inventory assets to failed e-commerce companies. Today, Overstock is still involved in the shutdown sector, but also sells new items in bedding, furniture, and home décor outlets.. In the most recent quarter, Overstock beat its earnings and revenue estimates. Earnings per share was expected to incur a loss of 22 cents, but it made a profit of 50 cents. At the top of the page, revenue grew 110% year-over-year to $ 731. 7 million. Overstock has clearly benefited from the Corona pandemic that has driven more online retailing, and OSTK stocks have also benefited.. The stock is up 707% year-to-date, even after dropping significantly from its value in late August. . A discount online retailer with a strong internet presence is an obvious opportunity in the current climate, and Griffin has seized it.. His new position is OSTK with a total of 110. 281 shares are currently valued at $ 6. 3 million. 5-star analyst Peter Keith wrote to Piper Sandler, “[T] volatility in the fourth quarter remains ‘robust’, suggesting to us that continued growth of nearly 100% in the quarter is entirely possible.. New customer growth reached 141% year-on-year, and OSTK saw sequential improvement in purchase repeat rate for new customers. The analyst concluded, “The assessment is <1. The 0x NTM EV / S seems very cheap to us, especially if we take into account that the net cash position is $ 490 million, which is about 18% of the market value.. We will be strong buyers of the stock at current levels. “Keith gives OSTK a weight gain (i. e. Buy), and his $ 140 price target means a 145% gain for the next 12 months. (To see Keith's record, click here) Overall, Overstock's Strong Buy ranking is based on 4 purchases and 1 contract. The stock sells for $ 57. The $ 10 and $ 101 average target price indicates that it has 76% growth potential for one year. (See OSTK Stock Analysis at TipRanks) To find good stock trading ideas with attractive valuations, visit Best Stocks to Buy from TipRanks, a newly launched tool that unifies all the equity insights of TipRanks. Disclaimer: The opinions expressed in this article are only those of featured analysts. The content is intended for informational use only. It is very important to do your analysis before making any investment.

China’s holdings of US government debt fell to their lowest level since February 2017, after the fifth month in a row of net US Treasury sales in September, according to the US government report.. China sold 6 US dollars. 22 million US Treasury bonds in September, reducing its total holdings to $ 1 USD. 062 billion, according to the U.S. Treasury’s latest monthly report on international capital (TIC). Analysts have warned that the reduction in US Treasury holdings in China was not necessarily a sign that it was reducing its total holdings of US dollar-denominated securities, as it could buy other assets such as stocks or corporate bonds instead.. . Get the latest insights and analysis from our Global Impact newsletter about the big news that originated in China. However, as it reduced its holdings of US debt, China has been in a buying spree of Japanese government bonds this year.. According to data from the Japanese Ministry of Finance, China picked up 27. 7 billion yen ($ 2 USD. 7 billion) of Japanese debt in September, resulting in 2. 4 trillion yen worth of purchases during the first nine months of the year, up 73% over the same period in 2019. China lost its position as the largest foreign owner of US Treasury bonds to Japan more than a year ago, in the midst of a bitter trade war between the two superpowers, which some expect will descend into an all-out financial war.. Ongoing discussions among Chinese academics have suggested that Beijing continues to rotate US $ 3. 14 trillion foreign exchange reserves could indicate a further disposal of up to 20 percent of remaining US Treasury holdings.. This could be a move to insulate itself from tensions with Washington, including the risks of US financial sanctions and the potential seizure of Chinese assets in the United States, according to ongoing discussions among Chinese academics.. . The Global Times, which operates under official supervision, quoted Shi Jun Yang, a professor at Shanghai University of Finance and Economics, as saying in September that China would gradually reduce its holdings of US debt to about $ 800 billion under normal circumstances.. People’s Daily, mouthpiece of the Chinese Communist Party. China does not publish the composition of its current foreign exchange reserves, nor a detailed account of how much US dollar denominated assets it possesses, because it considers the information a state secret.. The latest available official data showed that the share of US dollar assets in China’s foreign exchange reserves fell to 58 percent at the end of 2015 from 79 percent in 1995.. . How the United States is using the dollar payments system to impose sanctions on a global scale Guan Tao, chief global economist at China Securities Bank, said it would be inappropriate to interpret the reduction in foreign investors’ holdings of US debt as a decline in the US dollar’s position.. Foreign investors may reduce their investment in US government debt but increase the allocation of other financial assets located in the United States. Guan said that while the Chinese government may be a net seller of assets in US dollars, the private sector may still be a net buyer.. . In the face of a decline in foreign purchases over the past decade, the appetite of home-grown buyers – from US mutual funds and retirement plans to the Federal Reserve – is critical for the $ 20. 4 trillion markets. Due to a surge in US government spending to offset the economic damage from the coronavirus pandemic, Washington is on track to issue unprecedented $ 5 trillion in new debt in 2020 to plug its explosive budget deficit.. . US President-elect Joe Biden called on the US Congress to pass another two dollars. 4 trillion stimulus bills to support the economy in the face of the recent sharp increase in the number of HIV infections in the country, although the new legislation is unlikely until early next year. A record $ 27 billion 20-year Treasury bond sale this week was welcomed by weak demand leading to higher yields in secondary market trading.. . Meanwhile, global investors are reshaping their global portfolios to give Chinese securities a much larger role, as China is set to be the only major economy to record positive economic growth for 2020.. . On Wednesday, the Chinese Ministry of Finance sold 4 billion euros (4 US dollars). 74 billion) of euro-denominated sovereign bonds garnered an enthusiastic response, with strong participation coming from long-term investors in Europe and the United States.. . A survey by HSBC Qianhai Securities shows that 62 percent of large international institutional investors and large corporations plan to increase their portfolio allocations in China, by an average of 24.. 5 percent in the next 12 months. « The international appetite for accessing Chinese financial markets is at an all-time high, » said Justin Chan, President of Greater China, HSBC Global Markets.. . “The continuous flow of developments, from the index listing to the Stock and Bond Connect charts, is opening this market like never before, and hungry investors from all over the world are accumulating in. This article originally appeared in the South China Morning Post (SCMP), which is the most authoritative audio report on China and Asia for over a century.. For more SCMP stories, please explore the SCMP app or visit the SCMP Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd.. All rights reserved. Copyright (c) 2020. South China Morning Post Publishing Ltd.. All rights reserved.

Many electric car stocks have had a great year, and as the world progresses towards a greener economy, it is clear that the sector is only just getting started

Investors who have held the shares in the past three years have generally made some big gains. In fact, the total return on SPDR S&P 500 (NYSE: SPY) since May 22, 2017 is 61%.. On that day in history, the Malaysian airline Malindo Air flew the world’s first commercial flight of Boeing (NYSE: BA) 737 MAX.. . Boeing 737 Max Heydash: Boeing investors had high hopes for the 737 Max, but it didn’t take long for the red flags to appear. On the day of the 737 MAX’s maiden flight in 2017, Boeing shares were trading at around $ 184. Boeing shares soared in the first year in which the 737 Max was in operation, and peaked at around $ 394 in October 2018 – around the time of the first crash of the Max.. in October. On September 29, 2018, Lion Air Flight 610 crashed in the Java Sea, killing 189 passengers and crew.. At the time, investors likely saw the crash as an isolated incident. Boeing shares initially fell to $ 296. 61 after crashing before ripping back up to an all-time high of $ 446. 01 in early 2019. On March 10, 2019, Ethiopian Airlines Flight 302 crashed, killing 157 people. Three days later, Team U. s. The Federal Aviation Administration officially established the 737 MAX based on safety concerns. Despite grounding, Boeing stocks initially held up relatively well. The stock is down through 2019, but remains above $ 320 by 2020. Boeing in 2020 and Beyond: Boeing traded around $ 350 in early 2020 before the COVID-19 market crash, sending Boeing shares into a downward spiral.. The stock fell to $ 89, and Boeing announced that it would suspend dividends and share buybacks due to the crisis. Air travel rates are down by more than 95%, and Boeing customers have had to cancel orders, drastically reducing the company’s backlog. In November. At 18, the Federal Aviation Administration (FAA) finally removed the 737 MAX to fly again, but the pandemic still lingers. The 737 MAX era has been a huge disappointment to Boeing investors so far. In fact, the $ 1,000 invested in Boeing stocks on the day of the first commercial flight of the 737 Max in 2017 would be worth about $ 1,240 today, assuming the profits are reinvested.. Looking to the future, analysts expect more struggle for Boeing in the next 12 months. The average target price out of the 23 analysts covering the stock is $ 174, which indicates 18. 9%, down from current levels. See more of Benzinga * Click here for option deals from Benzinga * Nearly two years later, the Federal Aviation Administration says Boeing 737 MAX can carry passengers and fly again * Boeing Option Trader M is betting on a 10% increase (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.

High-yield dividend stocks are attractive because they can provide substantial income to investors through their quarterly payments. Unfortunately, some high-yielding stocks are incredibly risky – and the large dividends that are very attractive to investors today may dry up as quickly as possible tomorrow.. If you are interested in getting a big profit from your equity investment, then you better consider high yielding stocks.

This is the 13th time mortgage rates have fallen to an all-time low in 2020 – the latest indication of the pandemic’s impact on the United States. s. The housing market.

Former Treasury Secretary Lawrence Summers said that Joe Biden should target the richest taxpayers not by raising taxes but by imposing more..

Snap Inc. . The ‘undeniably strong’ revenue momentum puts the company on a path to follow at Facebook Inc. Pace, according to an analyst, and that could lead to a significant increase in the company’s valuation over the next few years.

General Motors has announced more serious plans to move towards electric cars as it accelerates its efforts to challenge Tesla.

Once upon a time (way back in early 2019), Aurora Cannabis (ACB) was a dominant force in Canadian cannabis. Boasting an enormous « agricultural footprint » – hundreds of thousands of square feet of growing area that produces hundreds of tons of weeds annually – Aurora controls 20% of the overall Canadian hemp market. However, Aurora doesn’t appear to be making a profit. I lost $ 224 million in fiscal year 2019, then $ 2. 4 billion in fiscal year 2020. Hoping to stem the tide of these losses, Aurora has begun to focus its efforts on selling premium marijuana blend at higher profit margins.. Obviously, that didn’t work, so in 2019, it shifted its strategy again to targeting the « value segment » – the mass market – which also didn’t work.. Recently, Aurora has started to put the focus back on premium blends. And how is that done? Here’s a clue: In FY 2021 Q1 (reported last week), Aurora suffered: * a 10% drop in quarterly sales to $ 51 million * a net loss of $ 81 million * and $ 93 million in free cash flow Passive. Looks like it’s time to reset another business model? According to GLJ Research analyst Gordon Johnson, this is exactly what happens in Aurora Cannabis. Johnson notes that when calculated in Canadian dollars, Aurora’s fiscal revenue for the first quarter of 2021 is CAD 67.. $ 8 million exceeded analysts’ forecasts for $ 63 CAD. 9 million. However, the company suffered a « steep finish line » when it reported a loss of C $ 0. 93 – more than twice the C $ 0. 46 which analysts expected to lose. Cash burning has also accelerated – up nearly 50% sequentially, to $ 124 CAD. 3 million. Despite this hugely bad quarter, Johnson notes that the apparent electoral victory of Joe Biden as Yu. s. The president-elect has investors betting on U. s. Legalization of marijuana to transform the fortunes of the marijuana industry. So far, November alone has pushed Aurora Cannabis stock up nearly 73%, and in Johnson’s view, there is only one way to play the rally in marijuana stock: Sell. Or even short selling – because that stock will reach $ 0, says Johnson. (To see Johnson’s track record, click here) There are at least three good reasons to follow this advice, according to the analyst.. The first, obviously, is that Aurora Cannabis doesn’t seem to discover what she wants to be when she gets older – but whatever that is, it’s almost certain to be a company that loses money in its hands.. . One reason for this is that the oversupply of marijuana in the mass market, apparently, has « recently [ed] turned into the premium part where everyone focuses now, [like] the high-end space [which Aurora prefers again] now has a problem » too. Worse yet for all marijuana investors, though – not just Aurora Cannabis – Johnson believes they are completely misreading the legislative position surrounding hemp.. For one thing, « federal nationalization of the United States » ([sic] – it certainly means « legitimization » – « highly unlikely » even under President Biden, with. s. The Senate is still firmly in Republican hands. Second, even if marijuana legalization is passed in the United States, « except for a change in Canadian national law, » says Johnson, « the ACB cannot operate legally » in the United States.. Aurora Cannabis stock apparently can’t be broken. With a rating of « nearly 750 times FY 21E, » it probably isn’t worth it, according to Johnson. How does Johnson’s bearish stance weigh against street talk? There seem to be other voices not ready to bet the cannabis player too. Aurora Cannabis currently has a pending consensus rating based on 0 purchases, 12 acquisitions and 3 sales. At $ 7. At 39, the average target price indicates that stocks will remain range-bound for the foreseeable future. (See Aurora Cannabis stock analysis at TipRanks). To find good ideas for trading hemp stocks with attractive reviews, visit Best Stocks to Buy from TipRanks, a newly launched tool that unites all the stock insights for TipRanks. Disclaimer: The opinions expressed in this article are only those of a distinguished analyst. The content is intended for informational use only. It is very important to do your analysis before making any investment.

To avoid the worst retirement mistakes, you need to be realistic about your future plans and think ahead. Unfortunately, it is very easy to make the wrong financial steps when preparing for retirement. According to the Federal Reserve, 37% of non-retired adults believe their retirement savings are on the right track.

The taxman is also considering which President-elect Joe Biden’s tax proposals are likely to go forward.

Does buying gold stocks, or betting on the price of gold, make sense, despite the progress of the vaccine and the results of the 2020 elections? Here are some things to consider.

Is it time to turn a profit in NVDA? Sure, but you know what happens, every time I make money in NVDA this is what happens.

If you recently used Twitter, you might have heard that there is a possibility that President-elect Joe Biden will cancel some student debt – and you’ve likely seen a lot of translations on the idea.. After a speech on the economy Monday, Biden told reporters that canceling student debt is « a number in my plan, » after being asked about it.. In fact, during the election campaign, Biden proposed canceling $ 10,000 in student debt as a measure to mitigate the coronavirus.

Venezuelans, desperate for fuel after months of shortages, have begun stealing crude oil from the idle fields owned by the state oil company, Petróleos de Venezuela (PDVSA). UL] and homemade gasoline distillation, according to two PDVSA workers and half a dozen people familiar with the practice.. The amount of crude oil stolen is a tiny fraction of Venezuela’s production. Gorgeous Venezuela was once upon a time 1. The refining network of 3 million barrels per day has collapsed, oil and refining facilities lack security or maintenance, and the company cannot retain qualified workers as salaries erode.

Wall Street legend Warren Buffett, Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) filed for Form 13F this week, revealing that Buffett continued to reduce his exposure to a large number of U. s. Banks. The only exception to Buffett’s third-quarter sale was Bank of America Corp (NYSE: BAC), which Buffett was buying.. Bank of America is the second largest holding in Berkshire, and 14th in stocks. A 1% gain in the last month made it one of the top performers in Berkshire. For nearly nine years when Buffett first invested in Bank of America, the company has been in hot water. Buffett’s Bailout from Bank of America: Bank of America and Other Big Yu. s. Banks were at the epicenter of the financial crisis in 2008 and 2009. Of the banks that survived the crisis, Bank of America was one of the worst hit. In fact, Bank of America shares have fallen to $ 2. 53 in early 2009 as investors questioned whether the company could avoid bankruptcy or complete nationalization. Fortunately for them, by the end of 2009, Bank of America announced that it would return $ 45 billion in the rescue money it received from the United States.. . s. Government in its entirety. The stock started in 2010 once again above $ 15. However, the eurozone debt crisis in 2011 pushed stocks down to as low as $ 5. 13. Related link: This is how much to invest 4,000 in Bank of America at its lowest in the Great Recession that it will be worth today. Moynihan has convinced that a deal with Berkshire would stabilize the bank’s share price, boost investor sentiment, and boost the bank’s monetary position during a difficult period.. Buffett ended up investing $ 5 billion in preferred Bank of America shares that can be redeemed at a 5% premium and pay out an annual dividend of 5%.. Additionally, Buffett has been ordered to buy 700 million shares of Bank of America common stock at $ 7. 14 at any time in the next ten years. Right off the bat, Buffett was earning $ 300 million a year in dividends from his favorite stock. Wait until 2017 to exercise common stock buy orders at $ 7. 14 price. By the end of 2017, these shares were worth $ 20 billion, three times the size of his initial investment. At the time of Buffett’s rescue, Bank of America shares were trading at around $ 7. 65. By late 2012, Bank of America was again trading above $ 10. After a choppy decade of trading, Bank of America hit its highest level after the Great Recession at $ 35. 72 in December 2019. BofA in 2020, Beyond: Bank of America shares are down to $ 17. 95 in March during the Coronavirus sell-off, but has since recovered to over $ 27. Buffett made a fortune from his initial investment, but he still buys the stock. In the third quarter alone, Buffett added 85 million shares to his stake, which is now estimated to be around $ 24. 3 billion. The Bank of America investors who bought Buffett’s Investment Day in 2011 weren’t getting the same great deal that Buffett got, but they still did a good job over the years.. In fact, Bank of America shares purchased on Buffett’s investment day in 2011 are worth about $ 1,000, which is roughly $ 4,081 today, assuming dividends are reinvested.. Looking to the future, analysts are expecting slight gains for Bank of America in the next 12 months. The average target price among the 24 analysts covering stocks is $ 28, which indicates 1. 4% increase. Photography by Tony Webster via Wikimedia. See more of Benzinga * Click here for option deals from Benzinga * Q3 13F Roundup: How Buffett, Einhorn, Ackmann and others adjusted their portfolios (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.

Hopes for nationwide legalization have led to another rise in hemp stocks, this time around big data, science and market share boosting

The world of technology is in the midst of a process of change. Since the end of 2017, new 5G wireless technology has been forging ahead, bringing with it a combination of faster connection speeds and lower latency, and a promise of major changes in how we connect to the internet.. New technologies – connected cars and the fast Internet of things that come to mind – would not be possible without 5G. Investment research firm HSBC Global, in a recent report on the emergence of 5G technology, addresses questions about whether new networks are booming or busting.. Specifically, HSBC wonders why the 5G network has been so disappointing – so far. Industry expert Professor William Webb notes that the introduction of 5G has not lived up to the hype, even in Asia where networks are more spacious and better integrated.. He describes the technology as « evolutionary, not revolutionary. ». Webb points to several areas where 5G clearly needs to evolve further: expanding networks, which will require more building of towers and cells; Smooth transition between cells; Functionality is improved once the devices are connected. In his view, 5G is the beginning, not the end. Commenting on Webb’s views, and on technology in general, HSBC Chief Communications Officer Neil Anderson wrote, “[We] consider it regrettable (although inevitable) that 5G has been brought to market.. . . The level will be raised further by mmWave Services, launched in the United States, and more recently in Asia, in Japan. We see this as the « real » 5G, and expect it to open – albeit slowly – new opportunities for operators. «  Whether the 5G network is losing or overwhelming in the short term, it is here to stay in the long term – meaning that some stocks will benefit as 5G expands.. Wall Street analysts were busy finding those stocks, and TipRanks had the scoop. Here there are three of them. Inseego Corporation (INSG) First, Inseego, is a company that operates both wireless and mobile hotspots. As we can imagine, the company has directly benefited from the steps towards increasing remote work and virtual offices. The stock is up 27% this year, even after accounting for high volatility in April and August. Inseego has a direct interest in 5G networks. As a wireless provider, the company cannot ignore the new technology, and is directly involved in developing and marketing 5G routers for home use. Inseego has an ongoing partnership with Verizon on networking and devices, and is also working to expand its hotspots for IoT uses. The company hasn’t ignored hardware internals, and is working with Qualcomm on its advanced 5G router chips. Like many network providers, Inseego has performed at the financial level. The quarterly revenue posted sequential gains through 2020, with the third quarter topping $ 90 million at the top. Q3 EPS showed a loss of 6 cents. The loss was considered normal, with Inseego, again like many other tech companies, usually showing a net loss per share. The important point of EPS was that it was the smallest loss of its kind in two years. Analyst Lance Vitanza, in his Cowen stock coverage, wrote, “As the company continues to see great demand for legacy 4G products, the second generation 5G product portfolio continues to grow. . . . Inseego is well positioned to capitalize on the rise of 5G, the technology estimated to generate $ 500 billion of GDP in the United States.. s. Which will give way to more traditional upgrades to the existing portable hotspots from 4G to 5G. In line with these comments, the analyst places a superior performance (i. e. Purchase) rating shares. His target price is $ 13. 50, indicates room for growth of 44% in 2021. (To see Vitanza’s track record, click here) Overall, Inseego has a moderate buying rating from the consensus of analysts, based on 6 ratings divided into 4 purchases and 2 reservations. Meanwhile, the average target price is $ 13. 17, indicates it has a 41% rise potential next year. (See INSG stock analysis on TipRanks) Amdocs Limited (DOX) software company Amdocs has built a solid reputation in the telecom and media space, while remaining under the radar compared to its competitors. In recent months, Amdocs has expanded its operations to 5G by acquiring Openet, a provider of communications services for network marketing and analytics.. Openet is billing itself as « designed for 5G, » and this acquisition, valued at $ 180 million, will bring Amdocs into the 5G network.. Meanwhile, a look at Amdocs’ recent performance shows that the company is well positioned in the software world. The company’s revenues barely decreased during the Corona crisis, and remained in the range of $ 1. 03 to $ 1. 05 billion in the past four quarters. Rather, the earnings performed better. $ 1. 17 Earnings per share recorded in the third quarter of 2020 is the highest for the company in more than two years. Despite the strong financial performance, Amdocs shares have yet to fully recover from the mid-winter market crash. The stock is down 10% year-to-date, and JPM analyst Jackson Adair believes the relatively low price of this share represents a clear opportunity for investors.. “As adoption of 5G begins to recover and North American revenues stabilize, we believe it is time to step into this value name that has lagged significantly behind our coverage and the market this year. . . . We believe that 5G’s back winds, improved cash flow shifting and rotational potential value ensures an upgrade to overweight, « Adair noted. Alongside that upgrade to weight gain (i. e. Buy), Ader set a one-year target price of $ 75, indicating a 17% uptick in the stock. (To see Ader’s record, click here) Overall, with 3 recent purchases and 1 comment, Amdocs gets a solid buying rating from the consensus of analysts.. The stock sells for $ 63. 97, average target price of $ 76, which is slightly more bullish than Ader and indicates a gain of around 19%.. (See Amdocs Stock Analysis on TipRanks) Tower Semiconductor (TSEM) Last but not least, Tower Semiconductor, a manufacturer in the chip industry. Fabs are a vital link in the semiconductor business, as many large chip designers don’t actually manufacture their own products – they design, build prototypes, and outsource serial production. Tower is a serial producer, making chips for big names among the major semiconductor companies, including Broadcom, Intel and Samsung.. Tower is investing heavily in 5G, producing an array of chips for 5G-enabled devices, including everything from cell phones to data centers.. As 5G networks expand, and as end users begin the process of switching to enabled devices, Tower is well positioned to gain. No matter which large chip company gets the lion’s share of new business, the tower will be there – it runs the manufacturing plants. It is an enviable place at a time when the market is starting to change at an accelerating rate. A combination of a firm foundation and good prospects can be seen in the revenue and profit forecast. At the top, income has been stable during this epidemic year, while in the bottom line, EPS is expected to start swinging again in the fourth quarter of this year.. Needham analyst Ragvendra Gill is optimistic about the Tower’s path ahead. He evaluated the stock to buy with a price target of $ 30, indicating a 30% rise on the one-year horizon. (To see Jill’s track record, click here) Supporting his stance, Jill wrote: “We expect strong growth in the year 21 given our expectations for a doubling of the 5G smartphone market and an increase in radio frequency content by 40-60%.. . . We view [TSEM] as our best 5G mini game, which we think is particularly well positioned to take advantage of the 5G cycle (both on the & smartphone infrastructure side). Overall, Tower’s Strong Buy analyst is unanimous in its assessment, backed by three recent buying assessments. The average target price per share is $ 27. 67, which means a 20% increase from the current share price of $ 23. 08. (See TSEM stock analysis at TipRanks) To find good ideas for trading 5G stocks with attractive valuations, visit Best Stocks to Buy from TipRanks, a newly launched tool that unifies all the equity insights of TipRanks. Disclaimer: The opinions expressed in this article are only those of featured analysts. The content is intended for informational use only. 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