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Lower Testing Shouldn’t Lower Quidel

When determining winners and losers in the 2020-2021 stock market, it is important not to overlook the companies that supply testing kits for COVID-19. The Quidel Corporation (QDEL) manufactures rapid healthcare diagnostic solutions,
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  When determining winners and losers in the 2020-2021 stock market, it is important not to overlook the companies that supply testing kits for COVID-19. The Quidel Corporation (QDEL) manufactures rapid healthcare diagnostic solutions and received an FDA emergency use authorization for its antigen tests in early May 2020. (See QDEL stock analysis on TipRanks) Andrew Cooper of Raymond James Financial reported on the stock, stating that although COVID-19 is waning, the company can still stand to profit and see increased investor interest. Cooper reiterated a Buy rating and assigned a price target of $160. This reflects a potential upside of 39.41% from the stock’s Friday closing price. Cooper described Quidel’s relationship with its main competitor, Abbott Laboratories (ABT), stating that Abbott had lowered its guidance due to diminishing demand for COVID-19 testing, but far more of its core business surrounds the test kit sales than that of Quidel. Additionally, he hypothesized that even before Abbott’s announcement, the information was already baked into Quidel’s share price. Due to Quidel’s lower base reach, Cooper expects to see quarter-over-quarter growth for Quidel’s Quickvue antigen test and is anticipating news on a large employer contract that could impact his model. Securing contracts for school testing could also be a boon for the company, and multi-year deals will provide consistent customers and less overall uncertainty. Cooper opined that QDEL is currently trading “below the value of the base business alone,” and that the company should be worth more. On TipRanks, Quidel is a Moderate Buy, based on 3 Buy and 1 Sell ratings. The average analyst QDEL price target is $126.67, representing a potential 12-month upside of 10.37%. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. 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 Lower Testing Shouldn't Lower Quidel appeared first on TipRanks Financial Blog.

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Government

Top Stories This Week: Gold Manipulators Go to Court, Silver’s Industrial Side in Focus

Catch up and get informed with this week’s content highlights from Charlotte McLeod, our editorial director.
The post Top Stories This Week: Gold Manipulators Go to Court, Silver’s Industrial Side in Focus appeared first on Investing News Network.

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The gold price held above US$1,800 per ounce this week, finishing the period around that level, which is down from last week’s July high point of around US$1,830. 

Marc Lichtenfeld of the Oxford Club is one market watcher who’s struggling to understand why gold isn’t doing better this year. We had the chance to speak this week, and he pointed to money printing, the impact of COVID-19 and inflation as factors that should be pushing gold to record highs.

So far in 2021 those elements have have failed to do the trick, and Marc said he sees a disconnect between the yellow metal’s traditional fundamentals and what’s happening in the market.

 

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“There just seems to be a disconnect between what are the traditional gold fundamentals and what’s happening out in the world … it’s really difficult to try to figure out what is happening with gold and why gold isn’t at record highs” — Marc Lichtenfeld, the Oxford Club

Of course, some would argue that price manipulation is the reason gold isn’t moving, and this week there was more news on that front. Chat logs were released in a spoofing trial for two former precious metals traders from the Bank of America’s (NYSE:BAC) Merrill Lynch unit, and they show one of the traders bragging about how easy it is to manipulate the price of gold. The trial isn’t over yet, but in its opening arguments that trader’s attorney said he stopped spoofing after he found out it was illegal.

Looking over to silver, I heard this week from Collin Plume of Noble Gold Investments, who thinks industrial demand will help push the white metal above the US$40 per ounce mark in the next 12 to 18 months. Silver has struggled to pass US$30 so far this year.

Solar panels are one of silver’s key uses, but it’s also found in other high-tech applications such as electronics and electric vehicles. Collin isn’t aware of any commodities that can replace silver in its end-use markets, and with demand “through the roof,” he expects to see shortages of silver by next year.

With silver in mind, we asked our Twitter followers this week if they think its industrial or precious side is driving the most demand right now. By the time the poll closed, about 70 percent of respondents said they think the precious angle is more important.

 

Uranium Soared Last Year While Other Resources Tumbled

 
What's In Store For Uranium This Year? Find Out In Our Exclusive FREE 2021 Uranium Outlook Report featuring trends, forecasts, expert interviews and more!
 

We’ll be asking another question on Twitter next week, so make sure to follow us @INN_Resource or follow me @Charlotte_McL to share your thoughts.

We’re going to finish up with the cannabis space, where there was a major announcement last week.

A group of Democratic senators headed by Senate Majority Leader Chuck Schumer introduced a draft of the Cannabis Administration and Opportunity Act, which among other things would remove cannabis from the Controlled Substances Act. The long-awaited bill will need 60 votes to get through the Senate, and opinion is split on whether that will actually happen.

INN’s Bryan Mc Govern spoke with Dan Ahrens of AdvisorShares Investments, who thinks it has “no chance of passing,” but remains optimistic about prospects for American cannabis companies.

“No one should expect US (cannabis) legalization anytime soon. We should expect reforms; they’re not coming as fast as anyone would like to see, but everybody agrees we’re going to get some form of banking reform in the near future … we’ll see baby steps” — Dan Ahrens, AdvisorShares Investments

Why? In his opinion, these stocks remain undervalued compared to their Canadian counterparts, and are operating well even without federal cannabis approval. Any legalization progress would be a bonus.

Want more YouTube content? Check out our YouTube playlist At Home With INN, which features interviews with experts in the resource space. If there’s someone you’d like to see us interview, please send an email to cmcleod@investingnews.com.

And don’t forget to follow us @INN_Resource for real-time updates! 

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

 

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The post Top Stories This Week: Gold Manipulators Go to Court, Silver’s Industrial Side in Focus appeared first on Investing News Network.

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Economics

Top 5 Rubber Stocks to Buy in 2021

Here are some of the best rubber stocks to buy right now. Increased demand and supply chain disruptions are putting pressure rubber prices.
The post Top 5 Rubber Stocks to Buy in 2021 appeared first on Investment U.

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When it comes to investing, all the attention tends to go to healthcare, tech and increasingly renewable energy. But these aren’t the only stocks on the block, and some old mainstays can also add value to your portfolio. One of those old, reliable industries is rubber: it always has some level of demand, and that won’t likely change anytime soon. But recent economic conditions make rubber even more intriguing than usual. One of the biggest uses of rubber is car tires, and sharp economic recovery is likely to mean a sharp demand for new cars. Hence, we may also see a sharp increase in demand for rubber as many people head to the dealer to buy a new car. There’s more to it than just the auto industry, of course. CNBC reported that disruptions in the supply chain are also causing major disruptions. And we use rubber for many different essential items, including personal protective equipment and countless other items. With increased demand and supply chain disruptions, rubber stocks are poised for a rise. Here are some of the best rubber stocks to buy:
  • Goodyear Tire & Rubber (Nasdaq: GT)
  • Trinseo (NYSE: TSE)
  • Michelin (OTC: MGDDY)
  • Carlisle Companies (NYSE: CSL)
  • Protolabs (NYSE: PRLB)
If you’ve never invested in rubber stocks before, you might be wondering if they are a good investment. Let’s consider that question before looking at each stock more closely. And if you want to see how your investment portfolio might grow, check out our free investment calculator.

Is Rubber a Good Investment?

Rubber can certainly be a good investment because it is nearly ubiquitous; it is used in many different products, including tires, footwear, pharmaceuticals, textiles and many other products. As Zacks notes, rubber is among the most profitable industries when it comes to natural resources. But rubber isn’t exactly the most innovative product. Perhaps it was decades ago, but these days, it’s something most of us are just used to seeing. We don’t really demand rubber so much as the products that contain it. Hence, it’s only when demand for those products increases that the demand for rubber spikes. And as mentioned earlier, we are at a point right now where many people are looking to buy new cars, and rubber’s use in tires could cause a surge in demand. However, these things can be very cyclical. The Zacks page linked above highlights this very well. There, you can see the rubber tires industry has a YTD performance of 42.90% compared to 16.09% for IVV, an S&P 500 fund. But as good as that sounds, the 5-year performance for rubber tires is -33.71% compared to 112.67 for IVV. Given the downside risk, rubber is probably best used as part of a balanced portfolio containing more well-round assets, such as funds like IVV.

Rubber Stocks to Buy Now

If you want to “bounce” your returns upward with rubber stocks, here are some of the best rubber stocks to buy right now. Keep an eye on them as the situation with the auto industry progresses.

Goodyear Tire & Rubber

Goodyear Tire & Rubber is a tire manufacturer that makes tires for a variety of uses. Tires for automobiles are one of the biggest uses of Goodyear tires. However, they are also used on buses, trucks, aircraft, motorcycles, mining equipment, industrial equipment and farm equipment. In addition to the Goodyear name, it also has Dunlop and Kelly tires under its belt. Goodyear has been around since 1898 and was the first global tire manufacturer to enter the Chinese market. It produces a range of tires, rubber products and chemicals across the U.S. and Canada.

Trinseo

Trinseo is a global materials company that manufactures latex, plastics and synthetic rubber. Notably, it produces plastic for Lego. When it comes to rubber, Trinseo produces styrene-butadiene rubber (SSBR). This material is primarily used in high-performance tires. In addition to Legos, its plastic is used in automotive applications, LED lighting and medical devices. Trinseo is growing rapidly, with 17 manufacturing and 11 research facilities worldwide. In addition, it is already seeing healthy revenue increases as it continues to grow. Its website notes Trinseo is “dedicated to making a positive impact on society,” and it will support the “sustainability goals of our customers in a wide range of end-markets.”

Michelin

Michelin is another name that is big in the tire manufacturing business, and the demand for new cars places it squarely on this list. In addition to the Michelin tire brand, the company also owns BFGoodrich and Uniroyal. BFGoodrich is a premium tire brand for sports cars, offroad vehicles and light trucks. Michelin is the largest tire manufacturer in the US and the second-largest in the world. It has 34 plans in two countries and had over $8 billion of sales in 2020. Its revenue has been increasing, as has its stock price. As the situation with the auto industry evolves, it will be interesting to see how Michelin fares.

Carlisle Companies

Founded in 1917 and based in Scottsdale, Arizona, Carlisle Companies is about more than just rubber. It is more of an umbrella under which there are a number of different operations. Its products and services include healthcare, commercial roofing, aerospace and electronics, lawn and garden, agriculture, energy, mining and construction equipment, and dining. Of course, there are many uses for rubber and plastic across these industries. In 2018, Carlisle Companies released a plan called Vision 2025 in which it detailed how it will continue to grow over the next 100 years.

Protolabs

Protolabs is an intriguing company. It produces low-volume 3D printed, CNC-machining, sheet metal fabrication and injection-molded custom parts. These parts are then used for short-run production and in prototypes. The company describes itself as the “world’s fastest digital manufacturing service.” It also provides rubber, metal and commercial plastics. Given its business model, it was able to produce several items during the coronavirus pandemic, including face shields, plastic clips and items used in test kits. They were in turn used in Minnesota hospitals, where the company is based.

More Investing Opportunities

The rubber stocks above might produce some big returns for investors. Although, there are many industries and stocks to choose from. So, here are some more investing opportunities and research… If you’re looking for expert analysis delivered straight to your inbox, consider signing up for Profit Trends. It’s a free e-letter that’s packed with investing tips and tricks. Whether you’re new or already an experienced investor, there’s something for everyone. The post Top 5 Rubber Stocks to Buy in 2021 appeared first on Investment U.

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Despite What Biden Says, Guns Factor In Only A Small Percentage Of Violent Crimes

Despite What Biden Says, Guns Factor In Only A Small Percentage Of Violent Crimes

Authored by John R. Lott Jr. via RealClearInvestigations (emphasis ours),

In response to sharp increases in violent crime, President Biden stressed again last.

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Despite What Biden Says, Guns Factor In Only A Small Percentage Of Violent Crimes

Authored by John R. Lott Jr. via RealClearInvestigations (emphasis ours),

In response to sharp increases in violent crime, President Biden stressed again last week that his administration is focused on “stemming the flow of firearms used to commit violent crimes.” But critics warn that this “guns first” approach ignores a basic fact—about 92% of violent crimes in America do not involve firearms.

Although firearms were used in about 74% of homicides in 2019, they comprise less than 9% of violent crimes in America.

The vast majority of violent offenses—including robberies, rapes and other sex crimes—almost always involve other weapons or no weapons at all.

Consider Chicago, which has become a national symbol of violent crime. While shootings have increased by about 11% this year, the number of murders has decreased slightly in 2021—to 382 as of July 11 compared to 387 for the same time period last year. The dramatic increase Chicago is experiencing is in sex crimes—a 23% rise (1,068 as of July 11 compared with 868 during the same period in 2020).

Police investigate the scene in which police opened fire during an arrest near 109 S Kilpatrick in West Garfield Park in Chicago, Ill., on July 9, 2021. (Anthony Vazquez/Chicago Sun-Times via AP)

In New York City, murders through the same period have dropped by 36.4% compared to last year. But robberies are up by 18%, rapes by 9%, and other sex crimes by 35%—all of which do not usually involve guns, sex crimes rarely so. This year murders make up 0.3% of felonies.

Even if gun crime were to rise dramatically, experts point out that it would still be a small fraction of overall violent crime.

The National Crime Victimization Survey, in the latest year available (2019), shows that there were 5,440,680 rapes, robberies, and aggravated assaults and 16,425 murders. Firearms were used in 440,830 incidents for rapes, robberies, and aggravated assaults (Table 25) and 10,258 murders. Adding those numbers up, 8.27% of violent crime incidents involved firearms. The percentage has stayed virtually the same for decades. For example, in 2000, it was 8.5%. In 2010, it was 9% (Table 4). Nor do most gun crimes end in murder: just 2% do.

The gulf between Democrats and Republicans on this is large. While Democrats are continuing to push for restrictions on police authority, Republican states are responding by giving police more power to do their job.

Nevertheless, Biden and other Democrats argue that lax gun control, which allows gun trafficking, is responsible for the increase in violent crime. The Biden administration’s focus on gun crimes is seen in the titles the White House put on Biden’s talks in April, June and last week: “Remarks by President Biden on Gun Violence Prevention,” “Remarks by President Biden and Attorney General Garland on Gun Crime Prevention Strategy,” and “Remarks by President Biden Discussing His Administration’s Comprehensive Strategy to Reduce Gun Crimes.”

President Joe Biden speaks on gun crime prevention measures as Attorney General Merrick Garland looks on at the White House in Washington, on June 23, 2021. (Kevin Dietsch/Getty Images)

In three speeches on crime, Biden mentioned “gun” or “firearm” 148 times. The term “weapon,” sometimes in connection with “assault weapon,” is used another 21 times. By contrast, when not directly discussing guns, he mentioned the words “crime,” “violence,” or “violent” about half as often—89 times.

Unmentioned by the president as factors in the violent crime increase were last year’s widespread unrest over the George Floyd murder and the dislocations of the pandemic, including mass layoffs, youths kept out of schools and, notably, the early release of many convicts from infection-prone prisons. Against this backdrop, some scholars question the president’s focus on gun laws.

“What change in gun control laws in 2020 could possibly explain the increase in violent crime over the last year?” asked Carl Moody, an economist who specializes in studying crime at the College of William & Mary, in an interview with RealClearInvestigations. “Why did violent crime increase now, rather than two or three or four years ago?” he asked rhetorically.

The White House did not respond to a request for comment.

Republicans, such as former Wisconsin Gov. Scott Walker, point more generally to law enforcement. They argue that in many urban areas, more than half of prison inmates have been released on account of the pandemic and the releases are continuing. Bail reforms allow those accused of crime to remain on the streets. In some places, police have been ordered to stand down and their budgets cut. Prosecutors in many major urban areas have refused to prosecute violent criminals.

The Los Angeles Police Protective League, the union that represents rank-and-file officers, released a statement late last year criticizing Los Angeles County’s then newly elected District Attorney George Gascón’s pledge (since fulfilled) to reduce criminal sentences and eliminate cash bail for misdemeanors. “As homicides, shooting victims and shots fired into occupied homes soar in Los Angeles,” the union wrote, “it’s disturbing that Gascón’s first act in office is to explore every avenue possible to release from jail those responsible for this bloodshed.”

Gascón’s office did not respond to a request for comment.

Police officers patrol in their car in Los Angeles, Calif., on Nov. 1, 2020. (Chris Delmas/AFP via Getty Images)

In contrast with Republicans, Biden mentioned policing just four times in his three addresses. He did so once in connection with “red flag” gun laws, and three times boasted that the American Rescue Plan passed earlier this year by Congress provided funds to hire “more police officers, more nurses, more counselors, more social workers.” However, the bill did not require that local governments spend any of the $350 billion they received on law enforcement.

Moody told RealClearInvestigations that the president’s emphasis on violent crime is “understandable if only because of how heavily concentrated murders are in the country.” Over 50% of the murders take place in just 2% of the counties (60 of the 3,140 counties, the 60 making up 27.5% of the population), and even within those counties most murders occur within 10-block areas. These are overwhelmingly gang-related murders. They are surely important, but don’t touch the lives of most Americans. Fifty-four percent of counties have no murders and another 15% have one.

This article was written by John R. Lott Jr for RealClearInvestigations.

Tyler Durden Fri, 07/23/2021 - 22:20

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