The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Apple (AAPL), Amazon.com (AMZN) and T-Mobile US (TMUS). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Apple shares have outperformed the S&P 500 index in the year-to-date period (+56.5% vs. +7.4%) on the back of continued momentum in the Services business, strong adoption of Apple Pay and growing Apple Music subscriber base.
Apple’s fourth-quarter fiscal 2020 results reflected continued momentum in the Services segment, driven by a robust performance of App Store, Apple Music, video, and cloud services. Moreover, iPad, Mac and Wearables contributed strongly to the quarterly results. However, iPhone sales declined due to weakness in China and absence of the new iPhone.
Apple did not provide any guidance due to uncertainties triggered by the pandemic. However, the company expects iPhone sales to grow in the first quarter of fiscal 2021. Apple’s near-term prospects are bright, driven by new iPhones that support 5G, revamped iPad and Mac line-up of devices, health-focused Apple Watch 6 and robust growth in the Services business.
Shares of Amazon have gained +80.5% over the past year against the broader market’s rise of +12.7%, with the company benefiting from coronavirus-led spike in online orders which drove growth in its online stores sales. Moreover, surge in online grocery shopping was a major positive.
Additionally, solid Prime momentum owing to ultrafast delivery services and expanding content portfolio remained tailwind. Further, strengthening AWS services and its growing adoption rate contributed well. Additionally, improving Alexa skills and features remained a major positive.
Expanding smart home products offerings were tailwinds. The stock has outperformed its industry on a year-to-date basis. However, accelerating coronavirus related expenses remain major concerns. Also, foreign exchange headwinds and rising cloud competition are risks.
T-Mobile’s shares have gained +34% over the past six months against the Zacks National Wireless industry’s rise of +9%. The Zacks analyst believes that the company is likely to gain from the deployment of a mid-band 5G spectrum in multiple locations.
T-Mobile has deployed its mid-band 5G spectrum in about 410 cities and towns across the United States. The company has the largest nationwide 5G network, covering more than 250 million people across 1.3 million square miles. It surpassed AT&T in total branded customers in postpaid and prepaid to become America’s #2 wireless operator.
T-Mobile aims to deliver $43 billion of synergies and achieve $6 billion of annualized cost savings from its merger with Sprint. It plans to continue lighting up the 5G spectrum at an aggressive pace through 2020 and beyond. However, the company operates in a fiercely competitive and almost saturated U.S. telecom market. Low-priced service plans for consumers and small enterprises have not improved the bottom line.
Other noteworthy reports we are featuring today include UnitedHealth Group (UNH), Mondelez International (MDLZ) and Automatic Data Processing (ADP).
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Per the Zacks analyst, strategic initiatives have enhanced the company’s capabilities, which in turn have bolstered the top line.
Per the Zacks analyst, Mondelez’s organic sales have been gaining from its strategic pricing initiatives. During the third quarter, balanced pricing aided organic sales growth of 4.4%.
The Zacks analyst likes ADP’s buyout strategy to boost its position in the human capital management market.
Per the Zacks analyst, Vertex’s triple combo cystic fibrosis pill, Trikafta has been a key top-line driver. Its non-CF pipeline is progressing rapidly with multiple data readouts expected by 2021.
Per the Zacks analyst, synergies from strategic acquisitions and efforts to diversify revenues will support Moody’s. Yet, mounting costs remain a concern.
Per the Zacks analyst, Marriott continues to focus on acquisitions in order to expand its footprint globally. However, dismal revenue per available room and occupancy rate remains a concern.
Per the Zacks analyst, strength in U.S. Pharmaceutical and Specialty Solutions unit driven by market growth continues to aid McKesson. However, an increase in operating expenses raises concern.
Per the Zacks analyst, a number of acquisitions have aided Arthur J. Gallagher to enhance its capabilities, witness inorganic growth, which in turn, position it well for growth.
Per the Zacks analyst, CDW is benefiting from the ongoing digital transformation and increased demand for products that aid remote working and operation continuity plans amid the coronavirus crisis.
Per the Zacks analyst, Telephone and Data Systems is benefiting from a network modernization program that includes the deployment of 5G technology at its wireless subsidiary – U.S. Cellular.
Declining light vehicle production amid coronavirus is likely to reduce the demand for Magna’s products. Soaring commodity costs will also dent the firm’s bottom line, per the Zacks analyst.
Per the Zacks analyst, Pacira’s flagship product Exparel has been driving revenues. Its label expansion studies are also promising. However, heavy dependence on Exparel for growth remains a concern.
Per the Zacks analyst, Corcept is solely dependent on its Cushing’s syndrome drug, Korlym for revenues, which is a concern. Stiff competition in the target market remains a headwind too.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report TMobile US, Inc. (TMUS) : Free Stock Analysis Report Mondelez International, Inc. (MDLZ) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
(Bloomberg Opinion) — Nov. 3 was a sad, sad day for China. Not because America’s election changes anything about its hawkish stance toward Beijing — that’s bipartisan — but because China lost a golden investment opportunity by shooting itself in the foot. Looking purely at the numbers, China is in a sweet spot right now. Its bonds are attractive, as the yield differential with U.S. Treasuries hovers near a five-year high. Beijing’s virus-containment strategy is working, and the economy has bounced back. Meanwhile, President Xi Jinping’s latest five-year economic blueprint, which favors innovation and domestic consumption, is a win for tech companies — exactly the kind of growth stocks investors love. Foreigners have been buying the China story this year, even as President Donald Trump threatened to sanction and delist mainland companies. They are crowding into Beijing’s sovereign issues at a record pace, promising to overtake domestic city commercial banks as the second largest purchasing bloc. Global investors need to have “a significant portion” of their portfolios in Chinese assets, both for diversification and short-term tactical gains, said Bridgewater Associates LP founder Ray Dalio. (Dalio says as he understands it, events were progressing faster than regulators were comfortable with, which led to their actions. “So I assure you that Chinese regulators’ move to curtail Ma’s IPO was not my worst nightmare, and I certainly do not believe that it will have any notable effect on the evolution of China and its markets.” To read his full statement, click here.)The Shanghai Stock Exchange’s surprise suspension of Ant Group’s record-breaking initial public offering Tuesday night changed the landscape entirely. Two weeks earlier, the company’s billionaire founder Jack Ma made a sensational speech, saying China’s financial system and regulatory framework are broken. On Monday, Beijing’s top financial watchdogs summoned Ma and dressed him down. Then they issued new draft rules to rein in Ant’s lucrative consumer loan business. It’s episodes like this that remind us how capricious and thin-skinned Beijing’s policy makers can be. Regulators have been debating whether to allow online microlenders to act as simple matchmakers (rather than traditional lenders, which require capital buffers), for a good two years. Why the sudden change of heart two days before Ant’s much-anticipated trading debut? The fintech giant had already raised at least $34.5 billion from its dual listing in Hong Kong and Shanghai. Now, it has to return billions of dollars to its IPO subscribers. Somehow, Beijing has proved Ma’s point: China’s bureaucrats don’t know what they’re doing. To govern well, you can’t pick and choose when and how hard to regulate; the secret sauce is consistency. Beijing is looking as childish and moody as Trump on the day of the U.S. election. While Jack Ma’s botched IPO is the big story, there are plenty of obscure examples that also matter to long-term investors. Consider instead the so-called keepwell clause. This “gentlemen’s agreement” is a common feature of China’s $790 billion dollar bond market, and in theory protects investors in the event of default. In September, a Beijing court rejected the recognition of the keepwell deed for a conglomerate’s dollar bond. Two months later, a court in Shanghai ruled to accept this provision for an energy trader. China’s stance on keepwell is anyone’s guess. This is the problem with investing in China. First, assumed rules can be broken at whim, especially when policy makers fear they are losing face. Second, after Ma’s troubles, what billionaire executive will want to speak up? It’s much better to be supplicant, keep quiet and busy yourself making money. Sure, China has many attractive traits, but you’d better be prepared to stay in perpetual crisis mode. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. She previously wrote on markets for Barron’s, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Wall Street legend Whitney Tilson says there’s a huge new tech trend coming – and he’s revealing his #1 pick for free.
U.S. voters are choosing the leader for the next four years. But investors have one big question: How will the choice affect my stocks and the S&P 500?
A better strategy is to look at long-term consistency and dividend growth — even if that means today’s payout isn’t huge. Growing dividends signal investors will be paid more over time, and these increases are an important indicator that a company is doing well and committed to sharing its success with stockholders. A “dividend aristocrat” is an elite class of dividend stock that has increased its payout at least once a year for the last 25 years or more.
Biden has proposed raising the capital gains tax rate from 20% to 39.6% for those making over $1 million, which would represent a big blow to the asset management industry. Other tax hikes he has put forward include increasing the statutory corporate income tax rate from 21% to 28%. Biden was leading in key Midwestern states in the race for the White House as votes were being counted on Wednesday afternoon, but President Donald Trump’s Republican Party was poised to keep control of the Senate even as Democrats retained their majority in the House of the Representatives.
American depositary receipts of China’s electric-vehicle maker Nio Inc. extended their rally on Thursday, also lifting ADRs of competitors Li Auto Inc. and XPeng Inc. a day after analysts at Citi raised their price target on Nio and started coverage of Li and XPeng. The Citi analysts lifted their target on Nio’s ADR price to $46.40, from $33.20, “to factor in our increasingly positive sector outlook, and the higher upside prospects from the (Nio’s) autonomous driving subscription business model,” they said in a note this week. The target implies an upside around 17% from Nio’s Thursday prices. The analysts rated Li Auto at the equivalent of hold, saying that the company will break even in 2022 thanks to sales volume growth and margins improvement. Citi rated XPeng at buy, expecting the company to post 57% sales volume growth in the next five years and break even in 2024. Nio’s ADRs have gained 900% this year, compared with gains around 9% for the S&P 500 index. XPeng’s BEV market share to double to 6% by 22E We expect XPeng’s market share to surge to 6% of China’s BEV sales in 22E, from 3% in 20E, given its 1) competitive products with highest NEDC range in the market (P7: 706m/charge), 2) rapid autonomous driving technology development (Current: L2, 1Q21: L3) with more frequent upgrades providing higher visibility, 3) its position as one of the few suppliers with FOTA upgrade capability (delivering best-in
(Bloomberg) — Royal Dutch Shell Plc will begin shutting its Convent refinery in south Louisiana mid-month while it continues to seek a buyer for the facility, part of a plan to reduce its global sites and focus on combined oil refining and chemical plants.With global demand and profits stung by the spread of Covid-19, the shutdown of 53-year-old Convent, which has about 675 employees, is part of Shell’s larger strategy to shrink its portfolio to six facilities from 14 by 2025, Shell said in a statement. The remaining sites will have integrated oil refineries and chemical plants.Shell plans to “invest in a core set of uniquely integrated manufacturing sites that are also strategically positioned for the transition to a low-carbon future,” according to a statement Thursday. “A key advantage of these core sites will also come from further integration with Shell trading hubs, and from producing more chemicals and other products that are resilient in a low-carbon future.”The decision to shut the 211,100 barrel-a-day Convent facility comes amid a spate of refinery closures in the U.S. from operators including Marathon Petroleum Corp. and Phillips 66, with some sites permanently shutting and others being converted into renewable diesel plants. Shell is trying to sell operations in Puget Sound in Washington and Saraland, Alabama. The company completed a sale of its Martinez refinery in the San Francisco Bay area to PBF Energy earlier this year.In September, Shell said it would retain six facilities that have both an oil refinery and chemical operations, including Norco in Louisiana and Deer Park in Texas, Rheinland in Germany, Pernis in the Netherlands, Pulau Bukom in Singapore and Scotford in Canada.In Louisiana, Shell will retain its refinery and chemical sites in Norco and Geismar, its midstream infrastructure assets, branded retail presence, Gulf of Mexico operations and offices in New Orleans.The so-called crack spread, which measures the difference between gasoline and diesel over West Texas Intermediate, was trading around $8.75 a barrel Thursday, down from $14.67 at the same time last year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Bloom Energy Corp (NYSE: BE) is way too speculative for him. In the power management, he prefers Generac Holdings Inc. (NYSE: GNRC) on the power side and Eaton Corporation PLC (NYSE: ETN) on the management side.Magnite Inc (NASDAQ: MGNI) is a pure spec, said Cramer. He would rather buy a fraction of the share in Alphabet Inc (NASDAQ: GOOGL).Oracle Corporation (NYSE: ORCL) is fine, thinks Cramer. He prefers salesforce.com, inc. (NYSE: CRM) because it has a faster growth and it is doing better.Cramer is concerned about AT&T Inc. (NYSE: T) balance sheet, but the company is doing things to alleviate the pressure so he would give it one more quarter and then he will consider buying.See more from Benzinga * Click here for options trades from Benzinga * ‘Fast Money Halftime Report’ Picks For November 4 * Mike Khouw Sees Unusual Options Activity In SPY(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Global research firm just identified a stock with the potential to “crush Zoom’s gains.” Click here to see which stock they’re recommending.
Tell that to Jack Ma. Corporate China’s shiniest star was just days away from seeing his Ant Group list on the stock market in a record $37 billion deal, when he chose to launch a blistering public attack on the country’s financial watchdogs and banks. The regulatory system was stifling innovation and must be reformed to fuel growth, billionaire Ma told a summit in Shanghai on Oct. 24 attended by the great and the good of China’s financial, regulatory and political establishment.
In a decision on Wednesday, U.S. District Judge Yvonne Gonzalez Rogers said shareholders led by a UK pension fund can sue over Cook’s comment on a Nov. 1, 2018, analyst call that while Apple was facing sales pressure in some emerging markets, “I would not put China in that category.” Apple told suppliers to curb production a few days after Cook spoke, and on Jan. 2, 2019, unexpectedly cut its quarterly revenue forecast by up to $9 billion, which Cook blamed in part on pressure on China’s economy from U.S.-China trade tensions.
Apple, Microsoft are flashing buy signals as the stock market rally fuels a breakout wave. Square leads earnings movers late.
The clock just started on the biggest financial event in 20 years. Fortunes will be made and lost. Here’s how to prepare – before 2020 comes to an end
(Bloomberg) — A strange thing happened on the way to the biggest post-election surge in modern stock-market history. On Wednesday, while the S&P 500 was tacking on $600 billion of fresh value, most of its members fell.How the index still managed to gain so much altitude is the story of the week and of the year: a reigning oligarchy of market behemoths, soaring past everything else.Yesterday, as the big American equity benchmark rallied 2.2%, some 270 of its constituents were nursing losses. Some lost a lot. Three big financial firms slid more than 10%, while utilities tumbled to one of the worst days in three months. While a measure of equilibrium was restored Thursday, at the top, the leader board looked the same.It’s a trend that will surprise no one who has been paying attention to markets in 2020: gains concentrating in companies that have circled like buzzards over virtually every rally of the pandemic age: the Faang bloc. Somehow, some way, even before the votes are counted, megacap technology is coming out on top. Again.“It looks like we’re back with the winners of Covid are going to win,” said Kim Forrest, chief investment officer of Bokeh Capital Partners.The S&P 500 surged 1.95% Thursday, bringing its two-day surge to 4.2%. The tech-heavy Nasdaq 100 again outperformed, adding 2.6% for a gain of 7.1% over the pair of days.Investors are reverting to what works, a yearlong trend in which the very heft of companies like Apple Inc. and Microsoft Corp. schleps the whole market past a damaging pandemic and deep economic downturn. Cherished for their balance sheets, beloved by consumers for their online and automated products, the Fangs have been insulated from the coronavirus fallout. Total third-quarter profits for the group rose 2.6%, compared with an expected 11% drop for the rest of the S&P 500, data compiled by Bloomberg Intelligence show.It’s true that they briefly fell out of favor in the weeks leading up to the election as investors calculated that Democratic control of Washington could spur spending and a jolt to flagging economic growth. Now those views are being frantically retooled. With stimulus less of a certainty, bets are being placed on havens against sputtering growth.Other forces have coalesced in the Faangs’ favor. Overhanging concerns about higher tax rates and increased regulation from a Joe Biden administration have dwindled. With a potentially split Congress, many strategists are seeing this week’s rotation as a reflection of the removal of potentially higher capital gains taxes. Some may have sold out of tech, the thinking goes, to avoid paying those higher levies next year.“Some investors may have been sidelined before the election to avoid a tax-sale stock drop, or perhaps to buy the dip,” wrote Chris Low, chief economist at FHN Financial. “Either way, the strategy is irrelevant now and they piled back in.”With inflation-fueling stimulus in doubt, bond yields have also moved lower since the Nov. 3 vote. That’s a boon to tech stocks, too, as investors gravitate to high-growth assets with long duration cash flows. The Federal Reserve signaled Thursday that it will hold rates near zero for a long time still.“In a very low interest environment, you want to own companies that are growing. Those companies have put up the best growth, the best free cash flow on the market and, in my opinion, they’re going to keep growing,” said Gary Bradshaw, a portfolio manager at Hodges Capital Management in Dallas. “If you don’t have a government that’s going to be riding them and breaking them up and taxing them into oblivion or taxing shareholders that own them, megacap tech’s going to keep rolling.”It was just last week that solid quarterly earnings reports from a majority of the Fang stocks failed to inspire share-price gains. An index that includes Facebook Inc., Amazon.com Inc., Netflix Inc., Microsoft, Alphabet Inc., Apple dropped 4% last week. The group is now up close to 10% in three days, the most in five years.Victoria Fernandez, chief market strategist for Crossmark Global Investments, says their adverse post-earnings reactions were due to election uncertainty. Removal of that ambivalence paves the way for tech shares to resume their upward trend again.“As we hopefully get past that over the next couple of days, we can see tech settle in and continue to have that climb higher,” she said in a phone interview. “It’s difficult to not have any tech in your portfolio.”This week, the winner-take-all mentality in markets is back. On Wednesday, when the Nasdaq 100 surged more than 4%, both the small-cap Russell 2000 gauge and an equal-weight version of the S&P 500 barely budged. Using Russell 1000 indexes, value suffered its worst day versus growth since 2001. Relative to the S&P 500, it was the worst day for regional banks on record, including the financial crisis.And in another showing of how lopsided Wednesday’s rally was, it was the first time in at least six decades that the S&P 500 jumped more than 2% as more volume flowed into declining securities than advancing ones on the New York Stock Exchange, according to SentimenTrader.Meantime, exchange-traded fund investors rushed into Invesco’s QQQ — which tracks the tech-concentrated gauge — adding close to $2.7 billion in the biggest one-day inflow in nearly a month. The fund is on pace for its best year of inflows in two decades.Still, not everyone is convinced the massive tech rally is substantiated. Max Gokhman, Pacific Life Fund Advisors’ head of asset allocation, still sees antitrust concerns over big technology firms persisting, no matter the final election outcome.“The Nasdaq rally is I think a little over-enthusiastic,” he said by phone. “The Nasdaq rally is something I would be fading at this point.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Investors who can handle volatility and who have long-term time horizons might find some interesting opportunities right now—especially in stocks that have recently been hammered lower.
Amazon Inc (NASDAQ: AMZN) CEO Jeff Bezos has offloaded $3 billion worth of the e-commerce company’s shares this week, according to filings with the U.S. Securities and Exchange Commission on Wednesday.What Happened: Bezos’s beneficial ownership filings show that a total of one million common stock shares were sold on Monday and Tuesday. The transactions were part of Amazon’s 10b5-1 trading plan — a strategy that allows company insiders to sell stocks at preset parameters.With the recent sale, Bezos has sold off more than $10 billion worth of Amazon shares this year, but still holds over 10% stake in the tech company.In August, the billionaire entrepreneur and investor sold off billion worth of shares in the price range of $3,102.85 and 3,183.26. Bezos had earlier sold shares worth about $4.1 billion between January and February.Why Does It Matter: Bezos, in 2018, disclosed that he sells about $1 billion worth of Amazon shares annually to fund Blue Origin LLC — the aerospace equipment manufacturing company he founded in 2000. In 2019, Bezos had sold Amazon common stock worth around $2.8 billion.Benzinga’s Take: Bezos isn’t selling his shares on the open market, and 10b5-1 sales like these are common for the Amazon CEO to fund other ventures of his interests, including Blue Origin and philanthropic work. This event doesn’t necessarily reflect Bezos’s views on Amazon’s future stock performance.Price Action: AMZN closed 6.32% higher at $3,241.16.Photo courtesy of Seattle City Council via FlickrSee more from Benzinga * Click here for options trades from Benzinga * Spotify Rolls Out Standalone Streaming On Apple Watch App: TechCrunch * A Chinese Company’s Stock Is Surging — Thanks To Trump(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Peloton Interactive Inc.’s pandemic surge continued through the summer, and the company expects that the holidays will bring its first ever billion-dollar quarter.
Despite being one of the most recognizable wireless carriers in the U.S., AT&T stock has had a rough 2020. But the stock does have some perks. Is it a buy?
It has been a volatile ride for investors of DraftKings (DKNG). Since closing at an all-time high of $63.78 on October 2, the share price has dropped by 32%. However, the stock is showing signs of upward movement, as good news is once again taking hold of the narrative.The presidential election results might still be at an impasse, but election night handed a 3-0 victory to the sports betting sector. Maryland, Louisiana, and South Dakota all voted to approve legalized sports betting in 2021.Oppenheimer analyst Jed Kelly is in no doubt as to what it means for the fledgling industry.“We view this as a positive for DKNG and the industry as whole in signifying the public’s large appetite for legalized sports betting,” the analyst said.Kelly believes Maryland is most likely to be the first to implement mobile sports betting as early as next year. “Our view is largely based on the state sharing borders with PA, DC, and VA, which all already have or will have live mobile betting in early 2021,” he said.In the first year, Kelly estimates Maryland sports betting could generate revenue of $185 million – amounting to 62% of New Jersey’s first full year.Louisiana and South Dakota are less likely to hop on board with mobile betting so soon. Kelly expects sports betting “in a retail capacity” to kick off both in LA and SD sometime next year but mobile sports betting’s “immediate legalization” in Louisiana is less certain.Likewise in SD, where a “large tribal presence and the conservative nature of the state” make estimating when mobile betting will go live a difficult task.Overall, there’s no change to Kelly’s DKNG rating which stays an Outperform (i.e. Buy). Kelly has a $65 price target for the shares, implying 51% upside from current levels. (To watch Kelly’s track record, click here)Most Street analysts back Kelly’s call. Based on 13 Buys and 6 Holds, the stock qualifies with a Moderate Buy consensus rating. Given the $58.06 average price target, the analysts expect shares to change hands for a 35% premium over the next 12 months. (See DraftKings stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.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.
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The Foreign Corrupt Practices Act units of the Justice Department and the U.S. SEC had sought documents relating to its Chinese operations, the company said in its filing, adding that it is producing records pursuant to these requests. In 2012, the drugmaker had agreed to pay $26.3 million to the top U.S. securities regulator as part of a settlement with the U.S. government following a probe into its use of illegal payments to win business overseas including Russia, Bulgaria, China, and Italy.
Alibaba stock is an IBD Long-Term Leader with outstanding fundamentals, but does that make the China bellwether a buy right now?
BYD joined fellow China electric car stocks Nio, Xpeng Motors and Li Auto in reporting robust October sales.
World news – THAT – Top Analyst Reports for Apple, Amazon & T-Mobile