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3 Monster Growth Stocks That Can Rip Higher

It’s undoubted, we’re in an upward market cycle. The S&P is up ~5% in the last 30 days, and the NASDAQ has gained 6%. Good news has buoyed investors’ spirits
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It’s undoubted, we’re in an upward market cycle. The S&P is up ~5% in the last 30 days, and the NASDAQ has gained 6%. Good news has buoyed investors’ spirits – news of upcoming COVID vaccine and the resolution of the November elections.

But those are in the past, and the markets are forward-looking. These gains must be supported by near-term prospects. What we have in the immediate offing is starting to grow clearer. The Biden Administration will be sworn into the office in January, combined with the likely prospect of a partisan split in Congress and a conservative Supreme Court. It’s a recipe for a divided government unlikely – and likely unable – make any radical shifts in policy direction. Meanwhile, the FDA has gave the green light to the Pfizer-BioNTech coronavirus vaccine last Friday, with shipments expected to reach 636 sites this week.

So, in a growth environment, it’s time to look at growth stocks. These are equities that have shown strong share appreciation in recent months and fit a profile: they all have Strong Buy ratings in the TipRanks database, and show double-digit upside potential for the coming year. We’ve pulled up the details on three such investments.

Niu Technologies (NIU)

We will start with Niu Technologies, a manufacturer based in Changzhou in southern China. The company makes and markets electric scooters, a popular product among China’s rapidly growing urban population. Niu was one of the first e-scooter makers to use lithium-ion batteries. The company now markets three lines of scooters, totaling 7 models.

Niu reported $232.9 million in revenue in 1Q20. For the second quarter, the company brought in $644.9 million. And in the recent Q3 report, Niu showed $894.5 million on the top line. That’s 284% revenue growth in 9 months. Q3 EPS, while below the forecast, was still up 25% year-over-year, and reflected a 70% year-over-year increase in sales volume. The company noted a decline in margins, attributed to the ongoing international COVID crisis.

This name has already soared 231% year-to-date, but some Wall Street analysts believe there’s more fuel left in the tank.

Covering this stock for Needham, Vincent Yu writes, “We believe NIU has a clear path for accelerated unit sales growth going into FY2021, driven by store openings, and ASP recovery backed by international market demand and a stabilized product mix… [We] believe blended e-scooter ASP will improve as international markets recover, evidenced by mgt.'s comment that the international order book is strong for 4Q20. Niu's expansion into new international markets such as Indonesia will benefit the blended ASP, as e-scooter ASPs in these markets will be higher than that of in China.”

In line with his bullish comments, Yu gives NIU shares a Buy rating with a $36 price target indicating room for 27% upside growth in 2021. (To watch Yu’s track record, click here)

Overall, Niu’s Strong Buy consensus rating is based on 4 recent buy-side calls. The stock’s trading price is 28.38, and the average price target of $34.50 predicts ~23% one-year upside from that level. (See NIU stock analysis on TipRanks)

Mr. Cooper Group (COOP)

Next up is a Dallas-based loan servicer in the mortgage industry. Mr. Cooper Group provides a range of services to the mortgage industry, including loan origination, with a focus on the single-family residence market. The economic shutdown last winter hit Mr. Cooper Group hard, but the company has fully recouped its losses since then.

Q1 revenues were down steeply from the previous quarter, but have grown consistently in Q2 and Q3; the third quarter top line results, of $872 million, were the highest in over a year.

Shares of COOP have rebounded well this year. Since hitting bottom at the beginning of April, COOP is up 413%. Year-to-date, the stock is up 122%.

Even with the major share price appreciation, Wolfe analyst Matt Howlett sees a favorable risk/reward profile.

"COOP’s balanced model in the current environment is poised to grow earnings and generate a sustainable double-digit core ROE. The especially strong mortgage banking environment opens a window for the company to paydown its high cost debt and improve their balance sheet. COOP’s strong earnings outlook solidifies the value of the company’s substantial DTA and should allow the stock to trade at a meaningful premium to tangible book in conjunction with peers," Howlett opined.

Unsurprisingly, the analyst rates COOP an Outperform (i.e. Buy), and sets a price target of $36, suggesting that the stock will grow 30% in the year ahead. (To watch Howlett’s track record, click here)

Overall, this mortgage servicing company flashes a strong bullish backing on TipRanks, making this stock a Wall Street favorite. Out of 7 analysts polled in the last three months, six are bullish on COOP stock while only one is playing it safe on the sidelines. With a return potential of 16%, the stock's consensus target price stands at $32.14. (See COOP stock analysis on TipRanks)

Renewable Energy Group (REGI)

Renewable Energy Group, as its name suggests, is a green economy company, focused on recycled and recyclable alternatives to fossil fuels. The company is based in Iowa – not coincidentally one of the world’s major corn producers – and its main product is biodiesel fuel. The company has operations in the lower 48 states and in Germany.

The policy push toward greener fuels created a market for biodiesel, and REGI has filled it neatly. The company boasted total sales of 176 million gallons in Q3, generating $576 million in revenues. That top line number was up from $545 million in the prior quarter, even though total sales slipped by 2.2%. Fuel production totaled 137 million gallons in the third quarter, up 5.3% sequentially.

REGI’s share performance this year has been impressive. The stock barely registered a blimp when corona tanked the economy, and the shares are up 155% year-to-date.

Wolfe's 5-star analyst Sam Margolin likes REGI, seeing the company as a market leader in its niche, with plenty of resources to stand on.

“We rate REGI Outperform because of its pure play status as a biofuels manufacturer, deep/diverse relationships with feedstocks suppliers, and logistics capabilities to supply premium markets. The company’s clean balance sheet should enable it to begin returning cash to shareholders even while spending on its large-scale renewable diesel expansion project at Geismar," Margolin wrote.

Margolin backs his Outperform (i.e. Buy) rating with a $79 price target, implying a one-year upside potential of 22%. (To watch Margolin's track record, click here)

Overall, Wall Street agrees with Margolin. REGI shares have 6 recent Buy reviews backing the unanimous Strong Buy consensus rating. (See REGI stock analysis on TipRanks)

To find good ideas for growth 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.

The post 3 Monster Growth Stocks That Can Rip Higher appeared first on TipRanks Financial Blog.

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Moderna turns the spotlight on long Covid with new initiatives

Moderna’s latest Covid effort addresses the often-overlooked chronic condition of long Covid — and encourages vaccination to reduce risks. A digital…

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March 15, 2024

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Moderna’s latest Covid effort addresses the often-overlooked chronic condition of long Covid — and encourages vaccination to reduce risks. A digital campaign debuted Friday along with a co-sponsored event in Detroit offering free CT scans, which will also be used in ongoing long Covid research.

In a new video, a young woman describes her three-year battle with long Covid, which includes losing her job, coping with multiple debilitating symptoms and dealing with the negative effects on her family. She ends by saying, “The only way to prevent long Covid is to not get Covid” along with an on-screen message about where to find Covid-19 vaccines through the vaccines.gov website.

Kate Cronin

“Last season we saw people would get a flu shot, but they didn’t always get a Covid shot,” said Moderna’s Chief Brand Officer Kate Cronin. “People should get their flu shot, but they should also get their Covid shot. There’s no risk of long flu, but there is the risk of long-term effects of Covid.”

It’s Moderna’s “first effort to really sound the alarm,” she said, and the debut coincides with the second annual Long Covid Awareness Day.

An estimated 17.6 million Americans are living with long Covid, according to the latest CDC data. About four million of them are out of work because of the condition, resulting in an estimated $170 billion in lost wages.

While HHS anted up $45 million in grants last year to expand long Covid support initiatives along with public health campaigns, the condition is still often ignored and underfunded.

“It’s not just about the initial infection of Covid, but also if you get it multiple times, your risks goes up significantly,” Cronin said. “It’s important that people understand that.”

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Consequences Minus Truth

Consequences Minus Truth

Authored by James Howard Kunstler via Kunstler.com,

“People crave trust in others, because God is found there.”

-…

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March 15, 2024

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Consequences Minus Truth

Authored by James Howard Kunstler via Kunstler.com,

“People crave trust in others, because God is found there.”

- Dom de Bailleul

The rewards of civilization have come to seem rather trashy in these bleak days of late empire; so, why even bother pretending to be civilized? This appears to be the ethos driving our politics and culture now. But driving us where? Why, to a spectacular sort of crack-up, and at warp speed, compared to the more leisurely breakdown of past societies that arrived at a similar inflection point where Murphy’s Law replaced the rule of law.

The US Military Academy at West point decided to “upgrade” its mission statement this week by deleting the phrase Duty, Honor, Country that summarized its essential moral orientation. They replaced it with an oblique reference to “Army Values,” without spelling out what these values are, exactly, which could range from “embrace the suck” to “charlie foxtrot” to “FUBAR” — all neatly applicable to our country’s current state of perplexity and dread.

Are you feeling more confident that the US military can competently defend our country? Probably more like the opposite, because the manipulation of language is being used deliberately to turn our country inside-out and upside-down. At this point we probably could not successfully pacify a Caribbean island if we had to, and you’ve got to wonder what might happen if we have to contend with countless hostile subversive cadres who have slipped across the border with the estimated nine-million others ushered in by the government’s welcome wagon.

Momentous events await. This Monday, the Supreme Court will entertain oral arguments on the case Missouri, et al. v. Joseph R. Biden, Jr., et al. The integrity of the First Amendment hinges on the decision. Do we have freedom of speech as set forth in the Constitution? Or is it conditional on how government officials feel about some set of circumstances? At issue specifically is the government’s conduct in coercing social media companies to censor opinion in order to suppress so-called “vaccine hesitancy” and to manipulate public debate in the 2020 election. Government lawyers have argued that they were merely “communicating” with Twitter, Facebook, Google, and others about “public health disinformation and election conspiracies.”

You can reasonably suppose that this was our government’s effort to disable the truth, especially as it conflicted with its own policy and activities — from supporting BLM riots to enabling election fraud to mandating dubious vaccines. Former employees of the FBI and the CIA were directly implanted in social media companies to oversee the carrying-out of censorship orders from their old headquarters. The former general counsel (top lawyer) for the FBI, James Baker, slid unnoticed into the general counsel seat at Twitter until Elon Musk bought the company late in 2022 and flushed him out. The so-called Twitter Files uncovered by indy reporters Matt Taibbi, Michael Shellenberger, and others, produced reams of emails from FBI officials nagging Twitter execs to de-platform people and bury their dissent. You can be sure these were threats, not mere suggestions.

One of the plaintiffs joined to Missouri v. Biden is Dr. Martin Kulldorff, a biostatistician and professor at the Harvard Medical School, who opposed Covid-19 lockdowns and vaccine mandates. He was one of the authors of the open letter called The Great Barrington Declaration (October, 2020) that articulated informed medical dissent for a bamboozled public. He was fired from his job at Harvard just this past week for continuing his refusal to take the vaccine. Harvard remains among a handful of institutions that still require it, despite massive evidence that it is ineffective and hazardous. Like West Point, maybe Harvard should ditch its motto, Veritas, Latin for “truth.”

A society hostile to truth can’t possibly remain civilized, because it will also be hostile to reality. That appears to be the disposition of the people running things in the USA these days. The problem, of course, is that this is not a reality-optional world, despite the wishes of many Americans (and other peoples of Western Civ) who wish it would be.

Next up for us will be “Joe Biden’s” attempt to complete the bankruptcy of our country with $7.3-trillion proposed budget, 20 percent over the previous years spending, based on a $5-billion tax increase. Good luck making that work. New York City alone is faced with paying $387 a day for food and shelter for each of an estimated 64,800 illegal immigrants, which amounts to $9.15-billion a year. The money doesn’t exist, of course. New York can thank “Joe Biden’s” executive agencies for sticking them with this unbearable burden. It will be the end of New York City. There will be no money left for public services or cultural institutions. That’s the reality and that’s the truth.

A financial crack-up is probably the only thing short of all-out war that will get the public’s attention at this point. I wouldn’t be at all surprised if it happened next week. Historians of the future, stir-frying crickets and fiddleheads over their campfires will marvel at America’s terminal act of gluttony: managing to eat itself alive.

*  *  *

Support his blog by visiting Jim’s Patreon Page or Substack

Tyler Durden Fri, 03/15/2024 - 14:05

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One city held a mass passport-getting event

A New Orleans congressman organized a way for people to apply for their passports en masse.

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March 15, 2024

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While the number of Americans who do not have a passport has dropped steadily from more than 80% in 1990 to just over 50% now, a lack of knowledge around passport requirements still keeps a significant portion of the population away from international travel.

Over the four years that passed since the start of covid-19, passport offices have also been dealing with significant backlog due to the high numbers of people who were looking to get a passport post-pandemic. 

Related: Here is why it is (still) taking forever to get a passport

To deal with these concurrent issues, the U.S. State Department recently held a mass passport-getting event in the city of New Orleans. Called the "Passport Acceptance Event," the gathering was held at a local auditorium and invited residents of Louisiana’s 2nd Congressional District to complete a passport application on-site with the help of staff and government workers.

A passport case shows the seal featured on American passports.

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'Come apply for your passport, no appointment is required'

"Hey #LA02," Rep. Troy A. Carter Sr. (D-LA), whose office co-hosted the event alongside the city of New Orleans, wrote to his followers on Instagram  (META) . "My office is providing passport services at our #PassportAcceptance event. Come apply for your passport, no appointment is required."

More Travel:

The event was held on March 14 from 10 a.m. to 1 p.m. While it was designed for those who are already eligible for U.S. citizenship rather than as a way to help non-citizens with immigration questions, it helped those completing the application for the first time fill out forms and make sure they have the photographs and identity documents they need. The passport offices in New Orleans where one would normally have to bring already-completed forms have also been dealing with lines and would require one to book spots weeks in advance.

These are the countries with the highest-ranking passports in 2024

According to Carter Sr.'s communications team, those who submitted their passport application at the event also received expedited processing of two to three weeks (according to the State Department's website, times for regular processing are currently six to eight weeks).

While Carter Sr.'s office has not released the numbers of people who applied for a passport on March 14, photos from the event show that many took advantage of the opportunity to apply for a passport in a group setting and get expedited processing.

Every couple of months, a new ranking agency puts together a list of the most and least powerful passports in the world based on factors such as visa-free travel and opportunities for cross-border business.

In January, global citizenship and financial advisory firm Arton Capital identified United Arab Emirates as having the most powerful passport in 2024. While the United States topped the list of one such ranking in 2014, worsening relations with a number of countries as well as stricter immigration rules even as other countries have taken strides to create opportunities for investors and digital nomads caused the American passport to slip in recent years.

A UAE passport grants holders visa-free or visa-on-arrival access to 180 of the world’s 198 countries (this calculation includes disputed territories such as Kosovo and Western Sahara) while Americans currently have the same access to 151 countries.

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