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Best Small-Caps To Buy? Here’s What Analysts Think Of These 4

Should You Buy These 4 Penny Stocks Right Now? Here’s What Analysts Think Of These 4

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This article was originally published by PennyStocks.

Are These Penny Stocks To Buy According To Analysts?

We saw another round of bullish sentiment on Wednesday, and investors continue to search for the best penny stocks to watch. The looming issue amongst both blue chip and penny stocks has been the long-term effects of inflation. Given the $1.9 trillion stimulus package, investors feel that the impact in the next few years could be detrimental to the market. Additionally, with interest rates at near-zero, what happens when it comes time to pay back all these loans? Now while these fears are completely justified, they may not be as bad as we thought. 

Brian Belski, the chief investment strategist at BMO Capital Markets, stated that “people have to remember to apply some perspective when they look at interest rates. When interest rates rise from an exceedingly low level, the economy is improving. And if the economy is improving, earnings improve.”

The $1.9 trillion stimulus passed the House and is on its way to the President. This has sparked more bullishness in the market, calming some nerves. This is seen across both blue-chip stocks and penny stocks. While we don’t know how long this bullishness will last, it is a positive in the short term. With this in mind, let’s look at four popular companies among retail traders. Are they the best penny stocks to buy, or should you avoid them entirely? Here’s what analysts think

Penny Stocks To Buy [or Avoid] Right Now

Evofem Biosciences Inc. 

One of the companies we’ve been covering for a while is Evofem Biosciences. Evofem produces women’s health products that include protection from STIs and other unmet needs in this area. The company has grown substantially over the past few years. This has led to heightened interest in EVFM stock.

[Read More] 4 Hot Penny Stocks To Watch If Biotech Is Your Focus In March 2021

Interestingly enough, on March 9th, the CEO of Evofem purchased over 45,000 shares for a total price of $103,000. While this isn’t a groundbreaking announcement, it does show a deeper sentiment worth considering. When a CEO or insider buys shares in a company, it often shows a great deal of confidence in that business’s future. Because in this case, it is the CEO, it could mean that there are components of Evofem to be bullish about right now.

In other news, the company launched the first non-hormonal birth control option for women that has been seen in decades. Known as Phexxi, this product could be a game-changer in the women’s health industry. Current birth control methods usually come with a slew of side effects due to the hormones within them.

By producing a non-hormonal version, Phexxi is a gel-like substance that can be as effective, if not more, than currently existing birth control options. While the approval process may take some time to complete, Evofem looks to be hard at building its share of the women’s health market. 

As far as recent analyst ratings, H.C. Wainwright weighed in this month. The firm has a Buy on Evofem along with a $7 price target.

Penny Stocks to Watch Evofem Biosciences Inc EVFM Stock Chart

Transocean Ltd.

Transocean Ltd. is another penny stock that has frequently been on our radar in the past few months. Recently, it posted its Q4 2020 results. While revenue came in at a solid $690 million, this missed estimates by around $17 million. This is understandable, however, considering the effects of the pandemic. However, its adjusted net loss of $0.34 per share was not ideal for investors.

Given that energy consumption has affected RIG in the past, many believe demand will go up in the future. Despite this loss, Transocean still holds roughly $1.15 billion in cash and cash equivalents. And in 2021, the company reports that it has adjusted contract drilling revenues totaling $2.7 billion. While Transocean is an energy company, it works more in the ancillary energy market, providing offshore drilling contract services for oil and gas wells. 

At the end of last month, the company reported having a fleet of 37 mobile offshore drilling units, including 27 ultra-deepwater units. Since December of last year, shares of RIG have jumped up by over 120%. And since November, that number jumps to over 500%.

One thing to consider is that the U.S. and the rest of the world could be moving toward renewable energy in the long term. While this may not affect RIG in the foreseeable future, it is definitely something to keep in mind. Also, as far as analysts are concerned, Barclays is the most recent to give its input on the company. Even in light of the large move in shares, the firm recently downgraded its rating to Underweight from Equal Weight. However, it boosted its price target from $1 to $2.

Penny Stocks to Watch Transocean Ltd. (RIG Stock Chart)

AcelRx Pharmaceuticals Inc. 

Ahead of its upcoming fourth-quarter results on March 15th, let’s take a look at AcelRx Pharmaceuticals. The company is a producer of specialty and novel therapeutics that can treat pain management for anesthetic purposes. This includes its non-invasive sufentanil product, as well as its approved DSUVIA compound. The latter is used in the control of pain management as an alternative to opioids.

Given that the opioid crisis is a major epidemic, the need for alternatives is more than palpable. In addition to its U.S. market, AcelRx has approved products for use in Europe. This has helped to broaden its market reach to the global sphere. A few weeks ago, the company announced a new study of DSUVIA for those undergoing plastic surgery. 

Dr. Hisham Seify, the lead investigator on the study, states that “we are very interested in analyzing data from patients that were administered DSUVIA across all types of plastic surgery procedures. We have used DSUVIA for over a year in a wide variety of cases, and there are no currently published studies focusing on plastic surgery with this sublingual analgesic.”

This is important because, with more indications for a compound, the potential for higher revenue becomes prominent. While this is just an initial study, DSUVIA already has a lot of research to support its efficacy. Dr. Seify goes on to state that “plastic surgery has been one of the fastest-growing specialties where DSUVIA is being used.”

[Read More] 5 Penny Stocks For Your March 2021 Reopening Watch List

Where do analysts stand on ACRX stock? The last to weigh in was Credit Suisse Group. The firm has AcelRx at Underperform. It also carries an $0.84 price target, which ACRX has far-surpassed. But, again, keep in mind, earnings could pose an interesting scenario and one to keep track of if ACRX is on your list right now. Good results could mean one thing for the market while a miss could mean another.

Penny Stocks to Watch AcelRx Pharmaceuticals Inc ACRX Stock Chart

Senseonics Holdings Inc. 

One of the penny stocks with high volume on March 10th is Senseonics Holdings. This volume shift comes as the company announced its glucose monitoring device had added coverage for both Type 1 and Type 2 Diabetes. Additionally, only a few days ago, the company announced its Q4 2020 financial results.

In the results, SENS posted a quarterly loss of $0.12 per share. This is much better than the $0.18 in EPS losses it posted in the same period last year. Additionally, the company posted revenue of roughly $4 million, which beat Zach’s estimate by almost 13%. One of the cases for bullish interest in SENS comes with its glucose monitoring system.

Given that diabetes affects so many worldwide, the company aims to commercialize its implantable glucose monitoring system or CGM. These systems are known as the Eversense and Eversense XL products, which are sensors inserted under the skin. These sensors can provide a continuous feed to users via smartphones or other devices. Concerning its fourth-quarter results, CEO Tim Goodnow stated that “we are very pleased with our fourth-quarter results, our commercial collaboration agreement with Ascension, and the success of our recent financings. These steps conclude a strategically transformational year for Senseonics.”

Its partnership with Ascensia Diabetes Care should help to commercialize its products in Europe. For some context, Ascensia is a distributor of diabetes products, including its CONTOUR product portfolio. With its operations spanning 125 countries around the world, this partnership could prove beneficial for the two.

The majority of recent analyst ratings are bullish on the stock. Of the 3 given this month, Raymond James was the only one to give a bearish outlook with its Underperform rating. Both SVB Leerink & Stifel Nicolaus have Buy or equivalent ratings and carry targets ranging from $2.50 to $3.

Penny Stocks to Watch Senseonics Holdings Inc SENS Stock Chart

The post Best Penny Stocks To Buy? Here’s What Analysts Think Of These 4 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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