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Uber is finally available in Tokyo as a taxi service -

Uber is finally available in Tokyo as a taxi serviceUber is finally offering service in Tokyo, although you'll have to be content with taxis instead of ridesharing cars.

Sun, 05 Jul 2020 06:22:20 -0400

Elbit Systems Schedules Second Quarter 2020 Results Release For August 13, 2020 -

Elbit Systems Schedules Second Quarter 2020 Results Release For August 13, 2020Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it will be releasing its second quarter 2020 financial results on Thursday, August 13, 2020.

Sun, 05 Jul 2020 06:17:00 -0400

Donald Trump orders creation of 'national heroes' garden -

Donald Trump orders creation of 'national heroes' gardenAngry at the toppling of statues, President Trump wants US heroes honoured in a new national garden.

Sun, 05 Jul 2020 06:04:26 -0400

3 “Strong Buy” Micro-Cap Stocks That Offer Attractive Returns -

3 “Strong Buy” Micro-Cap Stocks That Offer Attractive ReturnsIf you are looking to hit a home run in the stock market, the NASDAQ Composite is a good place to start. The index is home to surging technology, internet, and biotech stocks. Despite the adverse effects from COVID-19, the index is up 25% over the past year, and recently hit a new all-time high. Now comes the hard part. How are investors supposed to determine which stocks are poised to take off? Will the current winners continue climbing, or will new high-flyers emerge? Finding the next big one is challenging to say the least. On top of this, there are numerous and sometimes conflicting investing strategies to consider. Bearing this in mind, Wall Street analysts can provide some inspiration. The experts possess extensive knowledge about the stocks they cover, and offer insights on compelling names that don’t always get the same attention as other heavyweights. To this end, we used TipRanks’ database to pinpoint three micro-cap stocks that have earned a “Strong Buy” consensus rating from the analyst community. Not to mention each boasts excellent upside potential. We’re talking about over 120% here. Immunic, Inc. (IMUX) The first stock on our list is New York-based Immunic, a pharmaceutical company developing drugs to treat chronic autoimmune, inflammatory and viral diseases, with its market cap landing at only $182.9 million. The company’s lead prospect is IMU-838, an orally-dosed DHODH (an enzyme in humans that is encoded by the DHODH gene on chromosome 16) inhibitor. IMU-838 is currently being tested in four Phase 2 studies for multiple indications including COVID-19. Other promising drugs that Immunic is developing include IMU-935, a treatment for autoimmune diseases and MU-856, a treatment for gastrointestinal disorders. On June 15, Immunic announced that the first patients in its Phase 2 CALVID-1 clinical trial of IMU-838 in COVID-19 had been dosed. Ladenburg Thalmann analyst Matthew Kaplan explained, “The CALVID-1 study is a prospective, multicenter (10-35 centers in Germany, USA, and half a dozen European countries), randomized, placebo-controlled, double-blind Phase 2 clinical trial in approximately 230 patients with moderate COVID-19, and will evaluate efficacy, safety, and tolerability of IMU-838.” The development marked an important milestone in advancing the candidate. Commenting on this, Kaplan stated, “An interim analysis is planned after 200 patients have completed treatment, which could lead to an expansion to a confirmatory Phase 3 trial with an adaptive trial design…We are encouraged by the preclinical data and clinical plan and look forward to future updates.” Speaking to the strength of Immunic’s other possible catalysts, Kaplan noted, “We also believe the earlier stage pipeline programs (IMU-935 and IMU-856) provide for significant additional potential upside.” Based on all of the above, Kaplan reiterated his Buy recommendation. He also has a $50 price target on the stock, which indicates significant upside potential of 307%. (To watch Kaplan’s track record, click here) All in all, other analysts agree with Kaplan. 3 Buys and no Holds or Sells add up to a Strong Buy consensus rating. Meanwhile, the $51 average price target, which is more aggressive than Kaplan’s, represents a huge 315% potential increase from the share price of $12.30. (See Immunic stock analysis on TipRanks) Benefytt Technologies, Inc. (BFYT) Next up we have Benefytt Technologies, (previously called Health Insurance Innovations, Inc.) which sells a range of Medicare-related health insurance plans as well as other health and life insurance products. Last year, management made a strategic shift towards targeting Medicare dollars rather than individual and family plans. Consequently, the company, which has a market cap of $310.8 million, is navigating its way through a transition year, negatively affecting its operating performance. In the first quarter of 2020, revenue fell to $71.6 million, from $87.3 million in the prior-year quarter. That said, a closer look at the results reveals a bright spot. Revenue from Benefytt’s Medicare segment, which is new to the company since June 2019, came in at $18.9 million. Management plans to grow the Medicare segment to between $190 million to $210 million in the coming year. Five-star analyst from Cantor Fitzgerald, Steven Halper, shares the company’s optimistic view. “We continue to believe the company is taking the necessary steps to grow its Medicare business. It still expects 2020 Medicare revenue to be $190-210 million,” he commented. Pointing to Benefytt’s stock price, the five-star analyst said, “We have made some modest changes to our estimates but our price target remains at $75. Either way, we believe the shares are compelling at current levels.” To this end, Halper has an Overweight (i.e. Buy) rating on the stock. His $75 price target suggests hefty upside potential of 244%. (To watch Halper’s track record, click here) Turning to the rest of the Street, other analysts are on the same page. 5 Buys and no Holds or Sells have been issued in the last three months, so BFYT gets a Strong Buy consensus rating. The average price target is $47.30, which implies sizable upside potential of 117%. (See Benefytt stock analysis on TipRanks) Scorpio Bulkers (SALT) Last but not least is Scorpio Bulkers, an international shipping company that provides marine transportation for dry bulk commodities such as coal, grains, and fertilizers. At $181.1 million, its market cap is the smallest on our list. It has been a trying period for Scorpio Bulkers shareholders. The company’s shares have significantly underperformed the broader market, plunging 76% year-to-date, compared to a 3% loss for the S&P 500. Nevertheless, BTIG analyst Gregory Lewis believes the stock is ripe for a bounce. In a recent research report, he noted, “The company has prepared itself for the enacted IMO 2020 fuel regulation by installing scrubbers on its fleet which should provide above market earnings and a way for investors to capture dislocations in the marine bunker fuel market.” Further adding to the analyst’s bullish sentiment, Lewis sees several upcoming catalysts that are set to bolster shipping rates and profitability. These include countries reopening their economies and undertaking a restocking cycle, and governments employing stimulus programs to jump-start their economies. In line with his optimistic take, Lewis rates the stock a Buy and maintains a $40 price target, which translates to substantial upside potential of 164%. (To watch Lewis’ track record, click here)   Do other analysts on the Street agree with Lewis? Yes, they do. The consensus rating is a Strong Buy, based on 5 Buys and 1 Hold. The average price target of $34.17 implies meaningful upside potential of 126%. (See Scorpio Bulkers stock analysis on TipRanks)

Sun, 05 Jul 2020 06:02:01 -0400

Fast, sleek 2021 Porsche Cayenne GTS coupe spices up SUV race with handling, comfort, tech -

Fast, sleek 2021 Porsche Cayenne GTS coupe spices up SUV race with handling, comfort, techFrom highways to twisting roads around Michigan’s Irish Hills, the Porsche Cayenne GTS was fast and responsive on the road and admired by passersby.

Sun, 05 Jul 2020 06:00:21 -0400

Colleges are racing to create 'a new sense of normalcy.' Will new rules, COVID-19 testing be enough? -

Colleges are racing to create 'a new sense of normalcy.' Will new rules, COVID-19 testing be enough?With nearly 20 million students waiting for word, the nation's college and university presidents are devising plans for to reopen during a pandemic.

Sun, 05 Jul 2020 06:00:16 -0400

JTC PLC's (LON:JTC) Stock's On An Uptrend: Are Strong Financials Guiding The Market? -

JTC PLC's (LON:JTC) Stock's On An Uptrend: Are Strong Financials Guiding The Market?JTC's's (LON:JTC) stock is up by a considerable 14% over the past three months. Given the company's impressive...

Sun, 05 Jul 2020 05:34:05 -0400

Britain puts $10 million into study on long term effects of COVID-19 -

Britain puts $10 million into study on long term effects of COVID-19Britain is putting 8.4 million pounds ($10.49 million) into a new study to examine the long-term effects of COVID-19 on patients, the health ministry said on Sunday. The novel coronavirus which causes COVID-19 has been observed to cause many health impacts for some patients beyond immediate respiratory issues, but with other infected people asymptomatic, the workings of the virus are not fully understood. "As we continue our fight against this global pandemic, we are learning more and more about the impact the disease can have, not only on immediate health, but longer-term physical and mental health too," health minister Matt Hancock said.

Sun, 05 Jul 2020 05:33:23 -0400

What are Hongkongers going to do with their HK$10,000 payout? Bet on the stock market, from the looks of it -

What are Hongkongers going to do with their HK$10,000 payout? Bet on the stock market, from the looks of itStarting this week, each permanent resident of Hong Kong will be eligible to receive HK$10,000 (US$1,290) in a one-time cash payout, part of the government's HK$55 billion financial stimulus to help the city survive its worst recession on record.Hong Kong's Financial Secretary Paul Chan Mo-po, the architect of the financial disbursement, would prefer the city's residents to spend that money dining out, shopping, travel locally or pay for their utility bills. Chances are that Hongkongers will redirect that money towards the stock market, where they can put it to better use in one of Asia's cheapest bourses, and to subscribe for two dozen initial public offerings (IPOs) in the pipeline."I will use it to invest in the stock market at the right time," said Irene Chan, a white-collar professional working in the Central business district. "HK$10,000 is not a large sum of money. My aim is to double it to HK$20,000, which can be more useful."Chan's investment plan underscores the shortcomings in the unprecedented US$6 trillion that the world's central banks and monetary authorities are unleashing to bolster the global economy. She is one of the 5.5 million people who have registered with their banks to receive the payout starting on Monday, two days earlier than scheduled, in a process that stays open until the end of next year.Chan would be spoilt for choice. The city of 7.5 million people is served by nearly 28,000 licensed traders in 594 brokerage firms, making Asia's third-largest capital market one of the best-served cities."Many Hongkongers already have stock trading accounts," said Tom Chan Pak-lam, chairman of Hong Kong Institute of Securities Dealers. "The recent surge in the stock market's turnover may reflect the optimism that the cash handout is encouraging investment sentiment in the stock market."At least 13 of the 50 stocks that make up Hong Kong's benchmark index are within reach. There's New World Development, one of the city's largest property developers and an operator of the biggest bus service, available for HK$9,800 for a round lot of 250 shares. There's also the Industrial and Commercial Bank of China (ICBC), one of the country's largest banks, which can be had for HK$4,920 for 1,000 shares of minimum order. Bank of China, the country's oldest lender and the nation's biggest overseas bank, is even cheaper at HK$3.02 per share, allowing the investor to buy three round lots of 1,000 shares each. Why some Hongkongers choose to donate HK$10,000 pandemic payout to charityHong Kong is hardly alone in letting financial payouts spill over to speculation. Robinhood, the discount brokerage based in Menlo Park, California, that serves mostly millennial investors, said 3 million new accounts were opened in the first four months of the year. Half of them were first-time investors. Punters have used the US$1,200 cash handout given to each American adult as part of the US$2 trillion emergency package passed at the end of March to play the stock market.A resident fills in a form for the government's HK$10,000 cash payout at an HSBC branch in Kwun Tong, on June 21. Photo: Winson Wong alt=A resident fills in a form for the government's HK$10,000 cash payout at an HSBC branch in Kwun Tong, on June 21. Photo: Winson WongIn South Korea, the country's leading brokerage, Mirae Asset Daewoo, said that some 650,000 new accounts have been opened between March and June, more than triple the number in the same period last year. In June alone around 330,000 accounts were opened. This came after the South Korean government in April announced cash handouts of up to 1 million Korean won (US$816) to every household. It has since disbursed more than 13.59 trillion won to 21.6 million households.Similarly in Japan, individuals opened more than 820,000 online brokerage accounts between February and April after the government announced a cash handout of 100,000 yen (US$930) to all citizens.Even in the Philippines and India, where the citizens have received no handouts, a lot more people have been dabbling in trading stocks as a result of the extensive lockdown.In the Philippines, online brokerage accounts openings at AAA Southeast Equities have increased rapidly after the lockdown was imposed in March, said the company's president William Matthew Cabangon. Will Hong Kong's wealthy investors develop a taste for rare whisky? This private equity fund thinks so"Many retail investors are seeing the Covid-19 stock crash as a 'once in a lifetime' opportunity of sorts to get into the market at cheap valuations," Cabangon said.But not everyone is keen on investing in stocks. Some are looking at alternative assets like wine."Stock prices can do down, but wine prices tend to go up," said a teacher who only wanted to be identified as Louis. "I'd better use the HK$10,000 to invest in some good wine," he said.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.

Sun, 05 Jul 2020 05:30:00 -0400

Japan flooding: Fourteen dead in flooded care home -

Japan flooding: Fourteen dead in flooded care homeAt least 16 people have died and a dozen are missing on the island of Kyushu amid devastating rains.

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