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Jay Bhattacharya on Uncommon Knowledge

Hoover’s Peter Robinson does an excellent job of interviewing Stanford’s Jay Bhattacharya on various aspects of the COVID pandemic and lockdown.
I recommend the whole thing: it’s all informative, especially for those who might have forgotten what…

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Hoover’s Peter Robinson does an excellent job of interviewing Stanford’s Jay Bhattacharya on various aspects of the COVID pandemic and lockdown.

I recommend the whole thing: it’s all informative, especially for those who might have forgotten what facts about the pandemic “we” were pretty sure of when.

I want to highlight two things.

First, something Jay said that I don’t quite understand. At about the 3o:00 point, Jay states that the fact that child abuse figures fell is not evidence that child abuse fell. He points out that one of the main ways we know that child abuse occurs is that it is noted at schools and schools, of course, particularly government ones, were shut down. Then Jay goes on to say we had a huge increase in child abuse, unmeasured, that was not dealt with.

My question: If it was unmeasured, how do we know it happened? I see his theoretical point: that when child abuse is not reported, the cost of engaging in it falls, and so more of it is engaged in. That’s the law of demand. But I don’t see how Jay can know it was a huge increase, as opposed to, say, a small increase.

Second, deaths from COVID in Florida, which had less drastic and shorter-lived lockdowns and California, which had extensive, long-lasting lockdowns. At about the 48:00 point, Jay points out that 85-year-olds have had a lower incidence of death from Covid in Florida than in California; 75 to 84-year-olds, ditto; 65 to 74-year-olds, ditto.

Again, watch the whole thing.

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TV Show Mysteriously Deletes Poll After Vast Majority Oppose Mandatory Vaccination

TV Show Mysteriously Deletes Poll After Vast Majority Oppose Mandatory Vaccination

Authored by Paul Joseph Watson via Summit News,

A major morning television show in the UK deleted a Twitter poll asking if vaccines should be made mandatory..

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TV Show Mysteriously Deletes Poll After Vast Majority Oppose Mandatory Vaccination

Authored by Paul Joseph Watson via Summit News,

A major morning television show in the UK deleted a Twitter poll asking if vaccines should be made mandatory after the results showed that 89% of respondents oppose compulsory shots.

Yes, really.

Good Morning Britain, which often tries to set the news agenda, posted the poll which asked the public, “With Omicron cases doubling every two days, is it time to make vaccines mandatory?”

The last screenshots Twitter users were able to obtain before the poll was wiped showed 89% oppose mandatory vaccinations, with just 11% in favor after a total of over 42,000 votes.

People demanded to know why the poll had been pulled, although it wasn’t exactly hard to guess.

Why did you delete this poll, is it because you were asked? Or because it shows the people don’t support this s**t, this tyrannical future your colleagues seem to want. We see you,” commented one respondent.

“Guess that wasn’t the answer they were looking for,” remarked another.

Good Morning Britain has failed to explain why it removed the poll.

However, it’s unsurprising given that the broadcast has been a vehicle for pushing pro-lockdown messaging since the start of the pandemic.

For most of that time, it was hosted by Piers Morgan, an aggressive proponent of lockdowns, mandatory vaccines and face masks.

The show also regularly features Dr. Hillary Jones, someone who at the start of the pandemic warned that face masks could make the spread of the virus worse, before getting the memo and doing a complete 180.

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Tyler Durden Thu, 12/09/2021 - 03:30

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UK PM announces tougher measures amid more Covid cases

In total, the UK recorded 51,342 new COVID-19 cases in the last 24 hours…
The post UK PM announces tougher measures amid more Covid cases first appeared on Trading and Investment News.

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In total, the UK recorded 51,342 new COVID-19 cases in the last 24 hours on Wednesday and a further 161 people have died within 28 days of testing positive for the novel coronavirus

UK Prime Minister Boris Johnson on Wednesday announced tougher measures such as work from home where possible, expanded face mask rules and use of COVID-19 vaccination certificates for entry to venues, as another 131 cases of the new Omicron variant were recorded, taking the total to 568.

The UK government’s Plan B winter strategy comes in force in stages starting this Friday, in an effort to slow the spread of the highly transmissible variant, which Johnson said shows a doubling time of two or three days.

Addressing a Downing Street media briefing, he said all signs indicate that Omicron transmits more rapidly than the previously dominant Delta variant of COVID-19.

From this Friday, we will further extend the legal requirement to wear face masks in public indoor venues, including theatres and cinemas. We will reintroduce guidance to work from home from Monday work from home if you can, go to work if you must but work from home if you can, said Johnson.

We’ll also make the NHS COVID pass mandatory for entry into nightclubs and venues where large crowds gather, including unseated indoor venues with more than 500 people, and seated outdoor venues with more than 4,000 people and any venue with more than 10,000 people, he said, adding that this will come into effect from next week.

Johnson once again called on everyone to come forward for their COVID vaccinations, including all adults now eligible for a third top-up booster dose.

We must be humbled in the face of this virus. As soon as it becomes clear that the boosters are capable of holding this Omicron variant and we have boosted enough people to do that job of keeping Omicron in equilibrium, we will be able to move forward as before. Please everybody play your part and get boosted, he said.

The government had so far stopped short of enforcing Plan B and issued guidelines for compulsory face masks on transport and some indoor settings, such as shops.

We now have, in the Omicron variant, a variant that is spreading much faster than any that we have seen before. That is why I ask everybody to go to get their booster jab as soon as they are called to come forward, said Johnson, when asked about Plan B in Parliament on Wednesday.

In total, the UK recorded 51,342 new COVID-19 cases in the last 24 hours on Wednesday and a further 161 people have died within 28 days of testing positive for the novel coronavirus.

Since the first jab was delivered one year ago today, our phenomenal vaccine rollout has saved hundreds of thousands of lives and given us the best possible protection against COVID-19, said Johnson.

Our fight against the virus is not over yet, but vaccines remain our first and best line of defence against the virus so the best way to continue to protect yourself and your loved ones is to get behind the vaccine programme and get boosted as soon as you’re eligible, he said.

The post UK PM announces tougher measures amid more Covid cases first appeared on Trading and Investment News.

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Best Canadian Tech Stocks to Look at in December 2021

Over the past five years, the S&P 500 and the TSX Technology Indexes have a CAGR of approximately 25%. Tech companies, especially in Canada, are booming right now. Which is exactly why we decided to come out with this list of the best performing…

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Over the past five years, the S&P 500 and the TSX Technology Indexes have a CAGR of approximately 25%.

Tech companies, especially in Canada, are booming right now. Which is exactly why we decided to come out with this list of the best performing technology stocks in Canada.

When we saying booming, we're talking about the long term, as should be the mentality of most investors, especially those who are just learning how to buy stocks.

But even though it's booming, people usually head to the United States when looking for the best tech stocks to buy. So why is that? 

Tech stocks just aren't as prevalent on the TSX

The IT sector accounts for over a quarter of the S&P 500. 

Recently, the major indices underwent a sector reshuffle, however technology still accounts for 25.76% of the index. It is almost double that of the second largest sector. 

However, Canadian stocks in the technology sector accounts for only a single digit weighting of the TSX Index.  

As you can see, the lack of tech-listed companies on the TSX has hampered the overall performance of the Canadian markets. 

The good news? The lack of performance can lead to a lack of awareness. Thus, comes opportunity.

Even though the TSX’s IT sector is small, there are plenty of good investments.

The U.S. has its FAANG (Facebook, Amazon, Apple, Netflix, Google) stocks, but did you know Canada has its own acronym of tech all-stars?

Ryan Modesto, chief executive of 5i Research, coined the acronym “DOCKS” to reference Canada’s own FAANG stocks.

The five stocks include

  • Descartes Systems
  •  Open Text
  •  Constellation Software
  •  Kinaxis
  •  Shopify

A well-balanced portfolio should have exposure to the IT sector and you don’t have to go south of the border with US tech stocks to find it.

And I forgot to mention, we're continually identifying popular tech stocks for Premium members over at Stocktrades Premium. In fact, we had one tech option highlighted in 2021 that gained over 130% in just 5 months.

Interested in Stocktrades Premium? Just click here to unlock a huge discount. Otherwise, head down below to see some of Canada's top tech stocks.

What are the best tech stocks in Canada?

Nuvei (TSE:NVEI)

Going off the board with this pick, Nuvei (TSE:NVEI) is one of Canada’s newest IPOs.

The company went public in September of 2020 and its share price has performed quite well.

As of writing, Nuvei’s share price is up by ~238% since it went public. Not a bad return for those who got in early.

Is the jump in price justified? When compare to the valuations that peers commanded, we felt that the company’s IPO pricing did not do the company justice.

As we discussed with Premium members, there was a price disconnect which offered an attractive risk to reward opportunity.

Prior to listing, Nuvei was the largest privately held fin-tech company in the country. The company provides payment-processing technology for merchants.

Their suite of products serves both online and in-store transactions and counts Stripe, Paypal, Fiserv, Lightspeed POS, Global Payments, Shift4 Payments and WorldPay among its competitors.

Since going public, the company has attracted plenty of attention. There are 13 analysts covering the company – 5 rate it a “buy”, 6 an "outperform" and 2 a “hold”.

Although the company is not yet profitable, the expectation is for the company to turn a profit in 2021. And as of writing the company has turned out 3 straight profitable quarters, indicating that it is well on its way to consistent profitability. 

And, if we add this to the fact the company is expected to reach nearly $1.5B in revenue by 2023, and it looks like a very promising option.

It is important to note however, that newly listed companies carry additional risk.

Can it meet lofty estimates?

New listings are particularly vulnerable to performance as compared to expectations. Given this, IPOs such as Nuvei are most appropriate for investors with a higher risk profile.

Performance of Nuvei Vs TSX since its IPO

TSE:NVEI vs TSX Index

Kinaxis (TSE:KXS)

Kinaxis

After several years in which it provided consistent and solid returns, Kinaxis’ (TSE:KXS) stock exploded in 2019 and continued its outperformance in 2020. 

In 2021 however, it's been a different story. In fact at the time of writing, Kinaxis is currently underperforming the TSX.

In 2019, the company’s stock price jumped by 42%. It then went on to gain 80.30% in 2020. A 2021 pullback is not surprising, considering its run up.

In September of 2020, it was named to the TSX30 – a ranking of the top performing TSX-listed stocks over the past three years.

Kinaxis’ crown jewel is RapidResponse, a cloud-based subscription software for supply chain operations. Not surprisingly, demand for reliable supply chain management software is at an all-time high.

Globalized companies are dealing with complex issues, more so as COVID-19 mitigation efforts are impacting the supply chain in a big way.

Economic and border shutdowns are causing havoc, and platforms such as RapidResponse are essential in minimizing supply chain disruptions. 

On the flip side, the pandemic has negatively impacted legacy customers. Some have been unable to renew contracts, or deferred projects. The good news is that the company is winning more business than it is losing, and the world is continuing to move forward from the pandemic.

One of the previous knocks on the company was the lack of diversification. But, the company is currently working hard to reduce this.

Although performance over the last few years has been impressive, the company has one of the lower expected growth rates on this list. Over the next couple of years, the company is expected to grow revenue and earnings by the high teens.

Given this, its not surprising it has pulled back. This is not a stock that should be trading at the same levels as hyper-growth stocks which are generating growth of 50% annually. But, the recent dip in price could provide an opportunity, as it is already starting to recover.

5 year performance of Kinaxis vs TSX

TSE:KXS 5 year returns vs TSX

Descartes (TSE:DSG)

Descartes

Much like Kinaxis, Descartes (TSE:DSG) is benefiting from a complex and globalized supply chain. Descartes is a global provider of federated network and global logistics technology solutions.

It provides a full range of logistic and network solutions that connects trading partners. Descartes has more than 20K customers across 160+ countries.

Descartes operates the world’s largest multi-modal and neutral logistics network with high profile partners including UPS, Home Depot and Air Canada to name a few.

As governments worldwide face the prospects of additional shutdowns as the fourth wave persists, logistics are of the utmost importance. The company’s addressable market is estimated to be worth more than US$4 trillion.

In terms of reliability, Descartes has been one of the most consistent tech stocks on the TSX Index. Over the past five-years, the company has grown earnings at a double digit rate annually and over that time, the stock has returned more than 252%.

What can investors expect moving forward? Much of the same.

Analysts expect the company to grow earnings by approximately 19% annually over the next couple of years.

The company is laser focused on the higher-margin service revenues and on transitioning existing clients from its legacy license-based structure to its services-based structure.

Furthermore, the company is a serial acquirer. Since 2014, the company has closed on 24 acquisitions for total considerations of ~$US820 million.

Despite a challenging environment in 2020, in early November of 2020 it announced the acquisition of ShipTrack for $25 million, its third acquisition of the year.

5 year performance of Descartes vs TSX

Descartes TSE:DSG Vs TSX Index

Enghouse Systems (TSE:ENGH)

Enghouse dividend

Arguably the most underrated stock on this list, Enghouse Systems (TSE:ENGH) has ben among the top performing technology stocks for the past decade.

The company is one of the least-followed and known on this list, yet it has quietly outperformed some of the bigger names.

It develops enterprise software solutions for a range of vertical markets. It has benefited from the current pandemic in that it specializes on ERP solutions for remote work.

Given many companies have now made work from home a permanent option for staff, Enghouse is ideally situated to benefit.

The company’s stock price has grown by 136% over the last 5 years (including dividends) and one important thing to note is pandemic or not, Enghouse continuously delivers. 

The company has also been named to the TSX30, highlighting its strong performance over the last while.

Let’s put Enghouse’s long-term performance into further perspective.

A $10,000 investment in the company a decade ago would be worth more than $162K today. This is equal to a normalized return of 1,520%. The company has simply been a star.

Increasing Enghouse’s attractiveness, it is also one of the few tech-listed Canadian Dividend Aristocrats. After raising the dividend by 23% at the start of the pandemic, the company also issued a special dividend of $1.50 a share to end 2020.

It then went on to raise the dividend yet again in early 2021. This type of growth on the dividend end is a rarity when it comes to tech stocks.

Enghouse is uniquely positioned as a growth and income stock, a rarity in the tech industry.

Although the company trades at expensive valuations – it always has and given its strong performance, is deserving of a premium.

5 year performance of Enghouse vs TSX

TSE:ENGH Vs TSX Index

Shopify (TSE:SHOP)

Shopify Logo

What more can be said about Shopify (TSE:SHOP) that hasn’t already been said.

It has been among our top tech stocks for years and is likely to go down as one of the (if not THE) most successful IPO’s this country has ever seen.

Since it went public in 2015, the company has returned 6,120%! A $10,000 investment in the company would be worth $621K today.

We’ve mentioned the TSX30 a couple of times already. Can you guess which stock has topped the list?

Of course you can – Shopify is #1 with returns of 923% over the past three years – more than double the second-best performing company.

The pandemic has accelerated the adoption of e-commerce which has benefited Shopify in a big way.

Earlier in the pandemic, Shopify announced that it was generating Black Friday level sales on its platform.

The company has more than doubled gross merchant volumes YOY and revenue has also grown at a torrid pace.

It has also allowed them to turn a profit, a notable achievement for a company that has not yet been able to generate positive earnings consistently.

Although recent price activity has been choppy, Shopify’s stock price is still up by 30% over the last year. Once again, this places the company among the best performing stocks on the TSX Index.

If you are worried you missed out, consider jumping into the stock when it consolidates or when it drops by 20% or more.

The stock does have a history of being quite volatile, and these types of moves happen at least a few times a year. Each time it has proven to be a buying opportunity. Interested in a little more stability rather than growth? Check out the top Canadian telecoms stocks.

5 year performance of Shopify vs TSX

TSE:SHOP Vs TSX Index

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