Connect with us

Government

Top 3 Best Stocks to Buy in August

The three best stocks to buy in August have a lot of upside no matter how the stock market at-large is performing overall.
The post Top 3 Best Stocks to Buy in August appeared first on Investment U.

Published

on

Historically speaking, August and September have continuously been two of the weakest months of the year. Therefore, many investors wonder what the best stocks to buy in August are. It tends to mark the start of a choppy period bleeding into September. So, when it comes to the stock market, it’s important to remain as nimble and balanced as possible.  Even though August may be a rocky month for the market, the S&P is already up 17% so far this year.

Investors will most likely see red in the markets in August due to the ongoing threat of the Delta variant. The upcoming Fed retreat in Wyoming in August may give investors insight into its schedule for decreasing its support of the economy.

Due to the current market weakness, I have three companies I’d like to share with you that I believe are the best stocks to buy in August. Two of these picks will be good buy and holds while the other is a good trading position.  So, let’s get into it!

Stocks to Buy in August

Carrier Global Corp (NYSE: CARR)

Carrier Global Corp is a strong performer in the Building Products & Equipment industry. Stocks in this industry reportedly score higher than 43% of the stock market. It’s up 97.72% so far this year and scores better than 75% of the overall market. Crazy, right?

Heating and cooling systems provider, Carrier, posted better-than-expected Q2 earnings. The company’s comment that “secular trends support continued growth” fully support why many investors are bullish. Carrier posted a net income of $487 million ($0.55 per share) – which is up from $261 million ($0.30 per share) one year ago. Adjusted per-share earnings came in at $0.64, which was ahead of the $0.56 FactSet consensus. Sales also rose to $5.440 billion (from $3.972 billion one year ago), which also beat the FactSet consensus of $4.957 billion.

Chief Executive, David Gitlin, said what every investor wants to hear. He stated that “Given our first half performance, healthy backlog and improved expectations for the remainder of the year, we are again raising our full-year guidance for sales, adjusted EPS, adjusted operating margin and free cash flow.” Carrier is now expecting full-year sales growth of 14% to 16%, which is a large jump up from its prior guidance of 7% to 10%.

Air quality issues are now becoming a major, major issue. For example, wildfires and smog in the West – along with a COVID-19-related air quality replacement cycle… just to name a few. And due to the public’s cautions towards cleanliness and air quality, Carrier will continue to grow and outperform as demand for its products and services continue to rise.

So, it’s no surprise why it’s one of the best stocks to buy in August and why investors are favoring Carrier as a longer-term stock holding.

First Solar (Nasdaq: FSLR)

First Solar is a solar power systems maker, providing utility-scale PV power plants and supporting services including finance, construction, maintenance and end-of-life panel recycling. In fact, it’s a leader in sustainable energy and has recently been upgraded by Susquehanna Financial to “positive” from “neutral.” This upgrade is due to upbeat management comments on solar module demand and pricing. The stock shares rose 2.9% as a result of the upgrade. The company seems to be witnessing improving demand and pricing power. With lockdowns being lifted, First Solar is set to see continued growth and increased revenue.

The company provides solar technologies through photovoltaic panels in the United States, Japan, France, Canada, India and Australia. It operates in two segments, Modules and Systems. It’s developed, financed, engineered, constructed and currently operates many of the world’s largest grid-connected PV power plants. First Solar’s experience across the solar value chain reduces risk while delivering more reliable, dependable and cost-effective solutions for its customers.

And the solar energy market is gaining momentum due to its many benefits. Affordable prices has been a major benefit. People are becoming more confident in solar technology, making it a strong competitor with other types of fuel. Its popularity is increasing worldwide with analysts predicting the industry to grow 20.5% from 2019 to 2026.

First Solar stock is on the rise after a 52-week high of $112.50 and a 52-week low of $59.52. Its technology delivers power during peak energy use and has the strongest financial stability in the industry. The use of its technology in debt-financed projects is unparalleled. Many investors see this stock as a good buy and hold making it one of the best stocks to buy in August.

Moderna (Nasdaq: MRNA)

The new CDC mask guidance is positive for Moderna as it’ll entice more people to get vaccinated. This stock continues to be a favorite among investors, and here’s why…

Moderna has transformed from a science research-stage company advancing programs in the field of messenger RNA (mRNA), to…

  1. An enterprise with a diverse clinical portfolio of vaccines and therapeutics across six modalities
  2. A broad intellectual property portfolio
  3. And an integrated manufacturing plant that allows for both clinical and commercial production at unprecedented speed

Moderna maintains a close connection with a broad range of domestic and overseas government and commercial collaborators. This alliance has allowed for the pursuit of ground-breaking science and rapid scaling of manufacturing.

The pharmaceutical and biotechnology company now has active clinic programs in five different therapeutic areas…

  1. Infectious disease
  2. Oncology
  3. Cardiovascular
  4. Rare disease
  5. Autoimmune disease

Moderna’s mRNA platform builds on continuous advances in basic and applied mRNA science, delivery technology and manufacturing. It has allowed the development of therapeutics and vaccines for all five of the therapeutic areas listed above. Today, 24 development programs are underway across these therapeutic areas.

Due to the company’s continued enhancements in the pharmaceutical industry, it’s been named a top biopharmaceutical employer by Science for the past six years. Moderna has the potential to treat and or prevent diseases that have not even been addressed today.

According to a recent study, Moderna stated that its booster shot produced a “robust” antibody response against the highly contagious delta variant. The stock also reported earnings per share of $6.46. That beats the $5.96 per share expected and revenues of $4.35 billion, above the $4.2 billion expected. With the COVID-19 booster shot underway, Moderna continues to be on investors lists of best stocks to buy in August.

Profit Off Market Weakness

Carrier, First Solar and Moderna are all stocks that have immense growth potential. But it’s true that August and September may be two of the weakest months of the year. However, if you know how to spot investment opportunities, you could be ringing in profits.

Expert traders Bryan Bottarelli and Karim Rahemtulla are always in search of the most profitable trading opportunities for their subscribers and customers. And they believe these three stocks are some of the best stocks to buy in August.

The trading duo provide excellent information on trading strategies, the stock market and more… every day in their FREE e-letter Trade of the DaySign up below if you wish to take the next step in your trading journey!

The post Top 3 Best Stocks to Buy in August appeared first on Investment U.

Read More

Continue Reading

International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

Published

on

It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

Read More

Continue Reading

Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

Published

on

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

Read More

Continue Reading

Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

Published

on

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

Read More

Continue Reading

Trending