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Zambia’s success will be Africa’s success

The year 2021 has been a landmark year for Zambia. Two important events occurred. The passing of the first president of independent Zambia, Dr. Kenneth Kaunda, was mourned in June. Then, in the election in August 2021, the people of Zambia voted decisivel

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By H.E. Hakainde Hichilema

The year 2021 has been a landmark year for Zambia. Two important events occurred. The passing of the first president of independent Zambia, Dr. Kenneth Kaunda, was mourned in June. Then, in the election in August 2021, the people of Zambia voted decisively for change.

I mention the passing of Dr. Kaunda because Zambia has strong roots. He was a person who sought to serve ordinary Zambians and, even if some of the policy decisions his party made did not have optimal outcomes, his intention was to place ordinary Zambians at the center of the country’s development.

Sadly, Zambia has not lived up to its promise. Over the last decade, we have witnessed the erosion of our economy and the corruption of our politics. As a consequence, our debt has risen to unsustainable levels, reducing the country’s capacity to invest in productive areas of our economy and its ability to address the gaps in health care, education, and other social services.

Our national budget has been overwhelmed by debt servicing, emoluments, and consumption, when there should have been greater room for investment and growth.

The scourge of corruption has eroded our much-needed resources including the debt itself, robbing us further of the opportunity for growth.

This slide towards debt, disaster, and dependency set our country on a bleak course.

Fortunately, the people of Zambia that decided to change direction and the election—notably under difficult COVID-19 conditions—saw a change of government and the opportunity for a new beginning.

Zambia’s transition is an example of Africa’s success in addressing its own challenges: The African Union played an instrumental role in ensuring our smooth transfer of power.

It was our third peaceful, democratic transfer of leadership since the advent of multi-party democracy three decades ago. It was an African success.

Notably, Zambia’s transition is an example of Africa’s success in addressing its own challenges: The African Union played an instrumental role in ensuring our smooth transfer of power.

This transition also sends a clear message that Africa embraces the right to democratic choice. It comes after the historic stand taken by the courts in our neighbor, Malawi, where a rigged election outcome was rejected, and new elections were successfully held in 2019.

In both these cases, it was Africans who held the election, contested it, and adjudicated on its fairness. We can say with pride that Africans own democracy on the continent.

The road ahead will not be without challenges but, with a clear vision and plan, and with relentless determination, we will deliver on the aspirations of our people.

My administration’s focus over the next five years will be on restoring macroeconomic stability and promoting the growth of the economy.

We will pay special attention to lowering the fiscal deficit, reducing public debt, and restoring social and market confidence. We will also promote national unity and good governance by strictly adhering to the rule of the law and democratic accountability.

Our priority is a simple one: We must find a way to include the jobless youth in our economy. In order to do that, we need to build our economy by encouraging new investment and giving our young people the skills they need to participate fully in the economy.

Growing the economy requires agile thinking that uses all the levers at our disposal. We must urgently attend to restoring our mining sector to its rightful place as a leading global producer of copper by ensuring regulatory fairness and attending to obstacles that stand in the way of new investment. We must strive to increase the production of copper and other minerals so that Zambia can reclaim its place as one of Africa’s leading mining countries.

We need to make Zambia a preferred investment destination by cutting red tape and reducing policy uncertainty which cause investors to hesitate.

Our priority is a simple one: We must find a way to include the jobless youth in our economy.

We must encourage the growth of new businesses. We need 1,000—perhaps even 10,000—entrepreneurs to bloom, igniting our small business sector as a key employer and source of innovation and growth.

To do this, we must make it easier for small businesses to gain access to capital. Government must understand the challenges that entrepreneurs and investors face, and do its part to welcome investment, growth, and innovation.

None of this will happen without clean and purposeful governance. The institutions mandated to investigate and prosecute will be given unfettered autonomy to act without fear or favor and without political bias. Malpractice and mismanagement must be rooted out.

From the election to economic recovery, Zambia’s success will, in this way, be Africa’s success.

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Spread & Containment

Asymptomatic SARS-CoV-2 infections responsible for spreading of COVID-19 less than symptomatic infections

Based on studies published through July 2021, most SARS-CoV-2 infections were not persistently asymptomatic, and asymptomatic infections were less infectious…

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Based on studies published through July 2021, most SARS-CoV-2 infections were not persistently asymptomatic, and asymptomatic infections were less infectious than symptomatic infections. These are the conclusions of an update of a systematic review and meta-analysis publishing May 26th in the open access journal PLOS Medicine by Diana Buitrago-Garcia of the University of Bern, Switzerland, and colleagues.

Credit: Monstera, Pexels (CC0, https://creativecommons.org/publicdomain/zero/1.0/)

Based on studies published through July 2021, most SARS-CoV-2 infections were not persistently asymptomatic, and asymptomatic infections were less infectious than symptomatic infections. These are the conclusions of an update of a systematic review and meta-analysis publishing May 26th in the open access journal PLOS Medicine by Diana Buitrago-Garcia of the University of Bern, Switzerland, and colleagues.

Debate about the level and risks of asymptomatic SARS-CoV-2 infections continues, with much ongoing research. Studies that assess people at just one time point can overestimate the proportion of true asymptomatic infections because those who go on to later develop symptoms are incorrectly classified as asymptomatic rather than presymptomatic. However, other studies can underestimate asymptomatic infections with research designs that are more likely to include symptomatic participants.

The new paper was an update of a living (as in, regularly updated) systematic review first published in April 2020, which includes additional, more recent studies through July 2021. 130 studies were included, with data on 28,426 people with SARS-CoV-2 across 42 countries, including 11,923 people defined as having asymptomatic infection. Because of extreme variability between included studies, the meta-analysis did not calculate a single estimate for asymptomatic infection rate, but it did estimate the inter-quartile range to be that 14–50% of infections were asymptomatic. Additionally, the researchers found that the secondary attack rate—a measure of the risk of transmission of SARS-CoV-2 — was about two-thirds lower from people without symptoms than from those with symptoms (risk ratio 0.32, 95%CI 0.16–0.64).

“If both the proportion and transmissibility of asymptomatic infection are relatively low, people with asymptomatic SARS-CoV-2 infection should account for a smaller proportion of overall transmission than presymptomatic individuals,” the authors say, while also pointing out that “when SARS-CoV-2 community transmission levels are high, physical distancing measures and mask-wearing need to be sustained to prevent transmission from close contact with people with asymptomatic and presymptomatic infection.”

Coauthor Nicola Low adds, “The true proportion of asymptomatic SARS-CoV-2 infection is still not known, and it would be misleading to rely on a single number because the 130 studies that we reviewed were so different. People with truly asymptomatic infection are, however, less infectious than those with symptomatic infection.”

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In your coverage, please use this URL to provide access to the freely available paper in PLOS Medicine:

http://journals.plos.org/plosmedicine/article?id=10.1371/journal.pmed.1003987  

Citation: Buitrago-Garcia D, Ipekci AM, Heron L, Imeri H, Araujo-Chaveron L, Arevalo-Rodriguez I, et al. (2022) Occurrence and transmission potential of asymptomatic and presymptomatic SARS-CoV-2 infections: Update of a living systematic review and meta-analysis. PLoS Med 19(5): e1003987. https://doi.org/10.1371/journal.pmed.1003987

Author Countries: Switzerland, France, Spain, Argentina, United Kingdom, Sweden, United States, Colombia

Funding: This study was funded by the Swiss National Science Foundation http://www.snf.ch/en (NL: 320030_176233); the European Union Horizon 2020 research and innovation programme https://ec.europa.eu/programmes/horizon2020/en (NL: 101003688); the Swiss government excellence scholarship https://www.sbfi.admin.ch/sbfi/en/home/education/scholarships-and-grants/swiss-government-excellence-scholarships.html (DBG: 2019.0774) and the Swiss School of Public Health Global P3HS stipend https://ssphplus.ch/en/ (DBG). The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.


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Economics

‘Insiders’ Are Buying This Dip

‘Insiders’ Are Buying This Dip

The Nasdaq is in the middle of its worst drawdown since the Lehman crisis and the Dow just suffered its longest…

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'Insiders' Are Buying This Dip

The Nasdaq is in the middle of its worst drawdown since the Lehman crisis and the Dow just suffered its longest losing streak in 99 years.

As that is happening, faith in The Fed is crumbling as Powell faces the central bankers' nemesis of stagflation... and all in an election year (threatening the confidence in The Fed's independence should it falter from its path of uber-hawkishness).

According to the latest BofA Fund Manager Survey, the grim 'market' has sent investors reeling with those equity funds tracked by EPFR Global suffering six straight weeks of outflows (the longest stretch of withdrawals since 2019), and cash levels among investors soaring to their highest level since September 2001.

Additionally, the BofA survey also showed that technology stocks are in the 'biggest short' since 2006.

The 'proverbial' dip-buyer appears to have abandoned hope as the strike on any Fed Put (at which Powell will fold like a cheap lawn chair over the pain) gets marked lower and lower.

But...

There is one group apparently, that is willing to dip a toe in the capital market deadpool - corporate insiders.

As Bloomberg reports, according to data compiled by the Washington Service, more than 1,100 corporate executives and officers have snapped up shares of their own firms in May, poised to exceed the number of sellers for the first month since March 2020 marked the pandemic trough two years ago.

The ratio has surged to 1.04 this month from 0.43 in April.

Notably, the insider buy-sell ratio also jumped in August 2015 and late 2018, with the former preceding a market bottom and the latter coinciding with one.

“It is a function of investors functioning at the '30,000 foot level' or 'macro' whereas insiders are functioning at the 'boots on the ground', company-fundamentals level,” said Craig Callahan, chief executive officer at Icon Advisers Inc. and author of 'Unloved Bull Markets'.

“We believe the company-fundamentals view is usually correct.”

Nicholas Colas, co-founder of DataTrek Research, is not as confident:

“All we know for sure is that the valuation of any stock or the entire market hinges on whether investor confidence in future cash flows is rising or falling. At present, confidence is falling,” he wrote in a recent note.

“This is not because stocks expect a recession. Rather, it is because the range of possible S&P 500 earnings power runs in a wide channel and can become wider still.”

Starbucks' Interim Chief Executive Officer Howard Schultz and Intel CEO Patrick Gelsinger are among corporate insiders who scooped up their own stock amid the latest market rout that took the S&P 500 to the brink of a bear market.

With their share prices plunging, we can't help but wonder if this 'buying' is mere virtue-signaling so that the board won't fire them for their absymal loss of market cap? 

Tyler Durden Thu, 05/26/2022 - 13:20

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Economics

5 Top Penny Stocks For Your Watch List In June 2022

Top penny stocks to watch in June 2022
The post 5 Top Penny Stocks For Your Watch List In June 2022 appeared first on Penny Stocks to Buy, Picks, News…

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As May comes to an end, we look ahead to see what June will bring for penny stocks. This month was hard to stomach if you’re an investor and not an active trader. The S&P 500 ETF (NYSE: SPY) dropped over 7%, the Nasdaq ETF (NASDAQ: QQQ) dipped nearly 10%, and the Dow Jones ETF (NYSE: DIA) slipped over 6%. Meanwhile, the small-cap stocks benchmark ETF, the Russell 2000 (NYSE: IWM), fell more than 7.8% at its May low. Downtrodden economic data, inflationary fears, and rate hikes helped fuel negative sentiment. But for traders, it was a different story.

On an almost daily basis, we saw shares of some of the smallest companies surge. Whether it was a 1-day 100%+ pop or a multi-day rally lasting a week, opportunities were there for day traders & swing traders alike. So what should you expect in June 2022? Most market participants expect a bit of the same as far as volatility is concerned.

We still don’t have a firm “top” on inflation, and some speculate that the FederalReserve may adjust its rate hike trajectory based on what has transpired in May. The latest round of Fed minutes points at a move that includes multiple 50 basis points interest rate increases. The minutes stated that “Most participants judged that 50 basis point increases in the target range would likely be appropriate at the next couple of meetings.”

Penny Stocks To Watch June 2022

  1. Express Inc. (NYSE: EXPR)
  2. Aterian Inc. (NASDAQ: ATER)
  3. Gevo Inc. (NASDAQ: GEVO)
  4. Better Therapeutics (NASDAQ: BTTX)
  5. Innoviz Technologies Ltd. (NASDAQ: INVZ)

1. Express Inc. (NYSE: EXPR)

Retail stocks have gotten the brunt of the stock market crash in 2022. Express Inc. hasn’t been immune to this trend either. This week, the clothing and accessories brand dropped to fresh 2022 lows as recessionary fears gripped the market. Shares of EXPR stock posted a solid first quarter, which helped send shares higher at the end of the month.

Some highlights included a 30% increase in net sales and a 31% increase in consolidated comparable sales. As far as eCommerce went, Express said it realized a 21% growth in demand and is on track to achieve a goal of $1 billion in eComm demand by next year. Topping it off, management raised its full-year comp sales outlook to an increase of 8%-10%.

What To Watch With EXPR Stock

Looking at June, the options market could have given some insight into sentiment. If you look at each expiration date during the month (June 3rd, 10th, 17th, and 24th), there is a significant amount of open interest in Call options for the June 17th $4 strike. With over 5,000 contracts so far, this is more than all Put option open interest combined for that expiration date. With more retail company earnings showing strength in certain sector pockets, EXPR could be one of the penny stocks to watch for June.

2. Aterian Inc. (NASDAQ: ATER)

Another retail-focused company, Aterian Inc., is on this list of penny stocks for June. It specializes in the pick and shovel aspect of the industry. In particular, Aterian offers eCommerce brands a platform of partners and brands to create top-selling consumer products. Utilizing artificial intelligence through its AIMEE (AI Marketplace Ecommerce Engine) platform, Aterian has built a robust portfolio of SKUs selling at scale on outlets like Amazon, Shopify, and Walmart.

[Read More] Best Penny Stocks to Watch as the Market Turns Bullish Today

What To Watch With ATER Stock

One of the drivers for the retail trading crowd has been the short interest in ATER stock. Right now, Fintel.IO data shows this figure hovering around 34%. Meanwhile, the Aterian options chain shows a high level of Out-of-the-Money calls at the June 17th strike. Specifically, the $5, $7.50, $10, and $12.50 strikes each have thousands of open interest contracts as of this article.

penny stocks to buy Aterian Inc. ATER stock options chain

3. Gevo Inc. (NASDAQ: GEVO)

If you’ve traded cheap stocks frequently, chances are you’ve come across Gevo Inc. now and again. The renewable energy company has been on a hot streak as far as dealmaking is concerned. Earlier this year, Gevo signed a contract with oneworld Alliance members who plan to purchase up to 200 million gallons of sustainable aviation fuel per year for a five-year term. According to management, this is expected to bring up to $800 million in revenue.

Gevo also reported earnings showing a sales beat for the quarter. Though it slightly missed on EPS. In a May update, Dr. Patrick R. Gruber, Gevo’s Chief Executive Officer, said, “We are moving forward with our Net Zero 1 plans in Lake Preston, South Dakota and couldn’t be more pleased with the progress we have made. We look forward to beginning site preparations later this year and construction early next year. We believe we have a world class team in place to manage the development of this first of its kind, Net-Zero plant and the many additional plants that will be needed to produce this valuable fuel. In northwest Iowa, our dairy RNG facility continues its ramp to stable production and I am very proud of how well that team executed to deliver the project on time and within budget. We intend to build many Net-Zero plants over the coming years and we believe we have all the right people in place to get it done.”

penny stocks to buy Gevo Inc. GEVO stock options chain

What To Watch With GEVO Stock

Thanks to a global fuel shortage, companies with exposure to this arena have gotten plenty of attention. Meanwhile, GEVO stock has been a focal point ahead of these planned developments for its Net-Zero plant and RNG facility. Meanwhile, data-seekers might find it interesting that GEVO could also be one of the short interest stocks to watch with a 20.41% short float. Speculators in the options market have also taken a bullish approach to the penny stock as far out as next year. The January 20, 2023 Calls have a large amount of open interest throughout the chain.

4. Better Therapeutics (NASDAQ: BTTX)

Biotech has probably become one of the hardest-hit industries this year. The NASDAQ Biotech ETF (NASDAQ: IBB) has fallen to some of its lowest levels since the onset of the 2020 pandemic. Meanwhile, there are pockets of momentum in small- and micro-cap stocks.

Better Therapeutics has been one of these stocks, with shares becoming more active in May. One of the most significant moves came leading up to its latest quarterly update. There was also a social-media-fueled buying spree that helped give shares a bump as well. Traders pointed out the higher short interest and lower float of BTTX stock.

What To Watch With BTTX Stock

Once again, BTTX stock is back on the list of penny stocks with higher short interest. Fintel data shows a 22.23% short float. Meanwhile, TD Ameritrade shows this slightly higher at 22.66%. The company has several clinical programs in different stages to watch, with its BT-001 trial completion and De Novo submission anticipated for the end of Q2. Considering that June marks the end of the second quarter, this could be an essential thing to keep in mind. Meanwhile, at the start of the month, Better hosts an educational webinar on June 1st and a Key Opinion Leader webinar on June 3-7.

penny stocks to buy Better Therapeutics BTTX stock chart

5. Innoviz Technologies Ltd. (NASDAQ: INVZ)

Now for the technology name on this list of penny stocks. Tech is another hard-hit pocket of the stock market this year. But Innoviz could be on the radar for some in June. Thanks to several milestones, the LiDAR sensor and software company has gained momentum in May, and none had to do with earnings.

Innoviz was chosen by an unidentified “major car company” to be the direct LiDAR supplier for multiple brands at the start of the month. It also said that the agreement would increase its order book by $4 billion to $6.6 billion, and for anyone looking at penny stocks, the B-word has carried weight.

[Learn More] Trading Penny Stocks & Using Volume Analysis To Find Stocks To Buy

What To Watch With INVZ Stock

This week the company brought on new management team members. These were specific to its sales leadership. Innoviz CEO and Co-Founder Omer Keilaf explained, “We are excited about our newest appointments as we continue to expand our automotive business and begin penetrating the non-automotive industry in parallel.”

The company also appointed country managers for U.S. and Japan who both bring experience from companies including Ford, Nissan, Honda, and Toyota. With new deals and management, it will be interesting to see what comes next for INVZ stock as the auto industry attempts to rebound from the stock market crash this year.

penny stocks to buy Innoviz INVZ stock chart

Penny Stocks To Buy

Determining the type of trader you are will make it easier to find the right penny stocks to buy. Slow-moving stocks are probably not your style if you’re looking for short-term momentum. At the same time, if you’re looking at investing in penny stocks, quick scalps and day trades might be a bit too active for you. No matter the market, the goals are the same: make money and repeat the process. With that in mind, are any of these on your list of penny stocks in June?

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The post 5 Top Penny Stocks For Your Watch List In June 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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