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Best Stocks To Invest In? 5 Cyclical Stocks For Your List

Cyclical stocks to pay attention to this earnings season.
The post Best Stocks To Invest In? 5 Cyclical Stocks For Your List appeared first on Stock Market…

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Are These Top Cyclical Stocks In Your Portfolio Today?

Following a rough trading day, the broader stock market appears to be on the recovery. At the same time, there also appears to be an uptick in interest in the top cyclical stocks around. By and large, this could partially be due to the steady stream of notable earnings from the industry this week. Even as companies in this space face macroeconomic headwinds across the board, they continue to power forward. With this alongside a seemingly resistant consumer balance sheet, investors may not want to overlook cyclical stocks just yet.

For one thing, strong earnings appear to be a trend in a wide variety of cyclical businesses now. Take UPS (NYSE: UPS) and Tesla (NASDAQ: TSLA) for example. Both companies topped Wall Street estimates during their latest quarterly earnings calls over the past week. On one hand, UPS is making the most of the rise in demand for e-commerce deliveries by raising prices accordingly. On the other hand, Tesla continues to dominate the electric vehicle industry amidst the global transition from combustion engine automobiles. In fact, there are plenty of cyclical names making waves in the stock market today. Here are five more to know.

Cyclical Stocks To Buy [Or Sell] This Week

Enphase Energy

top ev battery stocks to watch (ENPH stock)

Kicking things off today is Enphase Energy. In brief, the company specializes in providing solar energy home solutions to consumers. Simply put, the company designs and manufactures home energy solutions ranging from solar generation to home energy storage. Not to mention, Enphase’s systems also come with real-time round-the-clock web-based monitoring and control interfaces. For today, ENPH stock seems to be benefitting from the company’s latest quarterly earnings report.

Getting straight to it, the company is boasting earnings of $0.79 per share alongside revenue of $441 million. To put things into perspective, this smashes Wall Street’s estimates of $0.67 and $432 million respectively. Notably, the company’s revenue is up by a solid 46% year-over-year to a record-high. Despite all this, Enphase is seeing further growth ahead with a revenue outlook of between $490 million and $520 million, above consensus forecasts of $475 million consensus estimate. With all this and plans of “tripling down on Europe,” it is easy to see why ENPH stock is rising now. Would you agree?

Visa Inc.

Visa Stock (V Stock)

Another name to consider among cyclical players today would be Visa. Most would be familiar with this fintech industry lead now. This would be the case seeing as its core financial services are readily available across the globe. Namely, the company’s Visa-branded credit, debit, and prepaid cards are its prime offerings. Because of the aforementioned uptick in consumer spending, V stock is now gaining attention in the stock market.

To begin with, Visa is crushing consensus Wall Street forecasts in its latest financial release today. In it, the digital payments titan is looking at earnings of $1.79 per share, beating estimates by 14 cents. Furthermore, the company also raked in a total revenue of $7.19 billion for the quarter, topping consensus expectations of $6.83 billion. All in all, the company cites a rebound in consumer spending and improving pandemic conditions for the current uptick in travel-related transactions. Would all this make V stock a top pick in your books right now?

[Read More] 5 Top Automotive Stocks For Your Late April 2022 Watchlist

Brookfield Asset Management Inc.

BAM stock

Following that, we have Brookfield, a leading global alternative asset manager. Impressively, it has over $650 billion of assets under management. This spans across real estate, infrastructure, renewable power, and private equity among others. The company continues to generate attractive long-term risk-adjusted returns for the benefit of its clients and shareholders. Furthermore, it also earns asset management income for managing a range of public and private investments.

Today, Brookfield was upgraded by analysts at Credit Suisse Group to an Outperform rating. Analyst Andrew Kuske also boosted its price target to $71.50 from $68.00. BAM stock currently trades near the $50 mark. “With BAM’s continued re-packaging of the property portfolio, with potential alternative asset manager spin, and continued favorable funds flow into the Canadian market, we believe a number of conditions exist for BAM’s outperformance,” Kuske wrote in a note to clients. He also notes that rising rates and uneven economic impacts bode well for the company’s global business. All things considered, is BAM stock worth investing in right now?

[Read More] Stock Market Today: Dow Jones, S&P 500 Bounce Back; Enphase Reports Solid Earnings

Kraft Heinz Company

khC stock

Kraft Heinz is a company that continues to serve millions of customers around the world. The company was given the Industry Mover Status for Sustainability Award by S&P Global as it continues to showcase some of the best ESG metrics. The company’s board of directors declared a regular quarterly dividend of $0.40 per share that will be payable on June 24, 2022, to stakeholders of record as of May 27, 2022.

Today, it also reported its first-quarter financials for 2022. Diving in, net sales for the quarter were a cool $6 billion. Organic net sales increased 6.8% year-over-year. The company also posted non-GAAP earnings per share of $0.60, beating estimates by $0.07. Furthermore, it also raised its expectations for 2022 organic net sales to a mid-single-digit percentage, This could reflect strong performance to date and ongoing business momentum. With that being said, should investors be on the lookout for KHC stock?

[Read More] Good Stocks To Buy Right Now? 5 Semiconductor Stocks For Your Watchlist

Nvidia Corporation

best tech stocks to buy right now (NVDA Stock)

Last on our list today, we have Nvidia, a multinational tech company that sells its graphics processing unit (GPU) and tech services. In fact, it is a pioneer of GPUs and has essentially driven the growth of high-performance computing and artificial intelligence (AI). The company’s pioneering work in accelerated computing has also reshaped trillion-dollar industries like transportation and health care.

On April 26, 2022, the company launched its April Nvidia Studio Driver to optimize some of the most popular 3D applications like Unreal Engine 5 and Cinema4D. The driver also supports new NVIDIA Omniverse Connectors from Blender and Redshift. Last month, the company also announced a strategic collaboration with Kroger (NYSE: KR) to reimagine the shopping experience. It will do this by using AI-enabled applications and services. Kroger is one of the largest grocers in the U.S. Following all of this, is NVDA stock a buy?

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The post Best Stocks To Invest In? 5 Cyclical Stocks For Your List appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.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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