This EV Stock Can Double (No, It’s Not Tesla)

J.P. Morgan just updated an electric vehicle company. Not only that, but the investment bank gave a price target more than double where shares were trading at the time. That’s a bullish call, and a justified one. That’s because the bank expects the electric vehicle market to continue growing substantially, possibly as much as four times higher in some markets. And, no, the company isn’t Tesla Motors. The company is NIO (NIO), the Chinese play. Although the company isn’t profitable yet and ...
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DRAM Price Trends Make this Tech Laggard A Buy Now

Deutsche Bank sees improving trends for DRAM memory. That’s one sector of the tech space that has been held back lately. The push for cloud services has reduced demand for mobile device memory chips, but now that cycle is turning. While there’s some small risk of inventory accumulation leading overall, the rising demand strength in the space, particularly with server demand, could lead to higher prices for DRAM related companies. Deutsche specifically sees value in Micron (MU). Shares were upgraded to buy ...
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Top-Line Growth Makes this Consumer Brand a Buy

Citigroup recently upgraded one major consumer goods play following a strong earnings beat. Thanks to stay-at-home trends, this company has fared relatively well, even better than peers. That’s led to the view that this company will continue to show strong growth into 2021. Even better, this company lags competitors in terms of operating margins. As a result, shares look likely to offer multiple expansion as well, which could lead to even bigger returns. The company? PepsiCo (PEP). Best known as the second-largest ...
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A 50 Percent Jump in this Unloved Industrial Play?

Industrial companies have been out of favor plays in this market. Some companies have fared even worse, having struggled even while the economy was looking rosy. One of the most unloved names in the space just got a major upgrade with a potential 50 percent move higher in the next year. In fact, an analyst at Goldman Sachs just called this company the “ultimate self-help, vaccine-leverage story,” in the sector. That company? General Electric (GE). GE has spent the last two years ...
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The Rally in Consumer Stocks Will Continue

In spite of a recession in 2020, consumer spending has held up well… at least in grocery stores and other essential retailers. That’s been borne out by the market-beating returns in many big-box stores, as specialty retailers like clothing companies have been hard-hit. That’s a trend likely to continue, and a few companies are working to perform even better going forward. That’s the view of BMO, where the portfolio manager of the company’s Low Volatility Equity Fund sees many big consumer-facing stocks ...
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Gold Mining Companies a Buy Ahead of the Election

Gold has been a top-performing asset in 2020, far outpacing stocks. On average, gold mining companies have done even better as well. While the metal has pulled back a bit after topping $2,000 earlier this year, it still appears poised for further gains. That’s likely true ahead of the election as well. That’s the reasoning by the gold analyst at MBMG Group. The metal will likely rally on inflationary fears as further stimulus programs are unleashed on the economy. And election uncertainty ...
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Invest in this Unstoppable Holiday Trend

Even with the economic struggles this year, the holiday season is rapidly approaching. And with the rise of e-commerce trends, chances are a few companies stand to substantially benefit from the trend. Retailers are already responding to the season by hiring seasonal workers, many of whom will work in fulfillment centers rather than in brick and mortar stores. The biggest winners? The shipping companies, who expect to see volumes rise by 1 to 1.5 percent this year. The two biggest shipping companies, ...
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Dividends Will Shine, Making for Some Attractive Buys Now

Interest rates are back to zero again, and the Federal Reserve has indicated that it will likely remain that way for years to come. That means investors looking for an income need to move to riskier assets such as stocks. However, in any space, there are winners and losers. In today’s stock market, there are a number of companies still paying strong dividends that aren’t near all-time highs like the big tech names. That’s why Cressent Capital just listed nine dividend names ...
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