May 28, 2021 6 min read

This story originally appeared on StockMarket

Could These Top Tech Stocks Be Worth Investing In?

For investors looking for the most active stocks today, tech stocks could be in their sights. After all, the tech industry as a whole appears to be on the recovery in the stock market today. If anything, the growth story in tech remains the same. This is because tech companies will likely continue to innovate and compete, such is the nature of tech today. Not only would this benefit organizations and investors alike, but it would also accelerate the adoption of new technologies globally. Could this be enough to warrant investors taking advantage of the current weakness in the sector?

Well, like it or not, the world today is heavily reliant on tech. For example, we could look at the personal computer company Dell (NYSE: DELL). Just this week, Dell saw earnings of $2.13 a share, well above consensus projections of $1.61. The company cites strong demand for its desktops and laptops throughout the quarter for this performance. Indeed, the consumer tech industry continues to power on regardless of the state of the world.

Meanwhile, the booming cybersecurity industry is also making headlines today. This is because of Microsoft’s (NASDAQ: MSFT) latest blog post regarding the infamous SolarWinds (NYSE: SWI) hack. Essentially, Microsoft believes that the Russian hackers responsible have just launched another major cyberattack on over 150 organizations worldwide. As such, the need for tech as a means of defense in this modern age is greater than ever. No doubt, as the importance of tech continues to expand, tech stocks could become a more viable bet for investors. With that in mind, here are five top tech stocks in the stock market now.

Best Tech Stocks To Buy [Or Avoid]  In June

Virgin Galactic Holdings Inc.

Virgin is a spaceflight company that develops commercial spacecraft. The company aims to provide suborbital spaceflights to space tourists in the near future. Also, it is a vertically integrated aerospace company and uses its proprietary and reusable technologies for both private individuals and researchers. SPCE stock currently trades at $32.23 as of 2:19 p.m. ET and is up by over 50% since the start of the month.

On May 22, 2021, the company announced that it had successfully completed its first human spaceflight from Spaceport America, New Mexico. In detail, its VSS Unity achieved a speed of Mach 3 after being released from the mothership VMS Eve and reached space at an altitude of 55.45 miles before gliding smoothly to a runway landing at Spaceport America.

It has successfully completed a number of test objectives during the flight. This includes carrying out revenue-generating scientific research experiments as part of NASA’s Flight Opportunities Program and testing the spaceship’s upgraded horizontal stabilizers and flight controls. For these reasons, will you consider buying SPCE stock?

[Read More] 5 Top Health Care Stocks To Watch Ahead Of June 2021

Salesforce is a cloud-based software company that is headquartered in San Francisco, California. It provides customer relationship management service and also provides a complementary suite of enterprise applications. CRM stock currently trades at $239.45 as of 2:20 p.m. ET. Yesterday, the company reported strong first-quarter financials.

In it, Salesforce reported a revenue of $5.96 billion for the quarter, a 23% increase year-over-year. It also says that it currently has a remaining performance obligation of approximately $17.8 billion, up by 23% year-over-year. Salesforce says that this is the best first quarter in its company’s history so far. Its

Its Customer 360 platform is proving to be the most relevant technology for companies accelerating out of the pandemic. It is also raising its revenue guidance for this fiscal year by $250 million to approximately $26 billion. Given the excitement surrounding the company, will you add CRM stock to your portfolio?

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Roku Inc.

Roku is a tech company that essentially pioneered streaming for TVs. In essence, it is an advertising business and its streaming devices also offer access to streaming services like Netflix (NASDAQ: NFLX). Millions of people across the world use Roku’s streaming devices. Its platform enables content providers and advertisers to reach a massive and highly engaged consumer audience. ROKU stock currently trades at $350.13 as of 2:20 p.m. ET.

On Thursday, the company announced a landmark agreement with Saban Films. The agreement will grant Roku the pay-one window streaming rights to movies released by Saban Films. Under the agreement, a selection of Saban’s 2021 film slate will stream free exclusively on Roku’s ad-supported streaming service, The Roku Channel.

“Saban Films is a great partner with a history of creating standout films,” said Rob Holmes, VP of Programming for Roku. “This first-of-its-kind agreement allows us to bring these compelling films exclusively to our large, engaged audience for free, and to build upon the incredible growth of The Roku Channel.” With that in mind, will you consider buying ROKU stock?

[Read More] Hot Stocks To Buy Now? 5 Cyclical Stocks To Watch

PayPal Holdings Inc.

PayPal is an online payment system that is used in the majority of countries that support online money transfers. The company is committed to democratizing financial services and empowering both people and businesses to thrive in this globalized economy. Its open digital payments platform is used by over 325 million active account holders. PYPL stock currently trades at $261.22 as of 2:21 p.m. ET.

Last month, the company announced the launch of crypto on Venmo. This would allow for Venmo’s more than 70 million customers to buy, hold, and sell cryptocurrency directly within the Venmo app. Customers using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin, Etheruem, Litecoin, and Bitcoin Cash. Is PYPL stock worth buying given the prominence of digital payments and online transactions in 2021?

[Read More] Best Cheap Stocks To Buy Now? 4 Consumer Discretionary Stocks In Focus

Twilio Inc.

Another top tech company in focus now would be Twilio. In brief, Twilio is a San Francisco-based tech company that provides cloud communication services. Through its platform-as-a-service model, Twilio allows software developers to program communication lines between organizations and their customers. Now, this resulted in TWLO stock becoming one of the hottest tech stocks of 2020 as the pandemic created a massive demand for Twilio’s offerings. TWLO stock currently trades at $337.70 as of 2:21 p.m. ET. Could now be the time for investors to buy in?

If anything, Twilio has been busy expanding its current offerings. Earlier this week, the company launched its Super SIM (SS), cellular Internet of Things (IoT) connectivity platform. In a nutshell, SS works with Twilio’s existing electronic SIM card services to provide organizations with best-in-class IoT connectivity.

Moreover, the company also acquired leading provider of toll-free messaging in the U.S., Zipwhip, earlier this month. Through this acquisition, Twilio would be significantly expanding its toll-free messaging services. As the company kicks into high gear, would you consider TWLO stock a buy?

https://www.entrepreneur.com/article/373206

May 27, 2021 6 min read

This story originally appeared on StockMarket

Are These Growth Stocks Still Worth Investing In Right Now?

Growth stocks have been one of the favorite choices for investors looking to allocate their hard-earned money. This is mainly because they have been providing outsized gains compared to the broader market, at least for the past two decades. There are plenty of top growth stocks that are experiencing explosive growth in the current volatile stock market environment. But I think we all can agree that growth stocks that are delivering impressive results today and can continue to be great long-term investments can be quite hard to find.

The hallmark of the best growth stocks to buy may typically include improving fundamentals and a history of bullish trading activity in the shares. With rising inflation risks and investors rotating their portfolios towards value stocks, picking a growth stock to buy is becoming increasingly difficult. Nevertheless, to help safeguard your investment, looking at stocks with good growth prospects and justifiable valuations could be a great way to start. That said, do you have the following growth stocks on your list in the stock market today?

Growth Stocks To Buy [Or Avoid] Right Now

1. Fastly (NYSE: FSLY)
2. Zscaler (NASDAQ: ZS)
3. BioNTech (NASDAQ: BNTX)
4. Palantir Technologies (NYSE: PLTR)
5. ViacomCBS Corporation (NASDAQ: VIAC)

Fastly

Fastly was one hot stock to watch in 2020. The company is a key player in the content delivery network (CDN) space. Arguably, the real trick up Fastly’s sleeves are its edge computing capabilities. But the reason many investors could be paying attention to Fastly right now is that FSLY stock has fallen too fast and too hard for a company with double-digit growth.

From its most recent quarterly report, Fastly’s revenue came in 35% higher year-over-year to $84.9 million, which was only slightly short of estimates at $85.1 million. While the net retention rate was slightly lower than its previous quarter, its total customer count actually increased from 2,084 in the fourth quarter to 2,207.

Sure, the company may have missed top and bottom-line estimates, but the difference was only marginal. If you ask me, the sell-off seems overdone to me. If you believe that the trend that appeared last year is likely to become permanent, FSLY stock is increasingly looking like an opportunistic bet to me after the sell-off.

[Read More] 5 Top Health Care Stocks To Watch Ahead Of June 2021

Zscaler

Next on the list, we have a top cybersecurity stock Zscaler Inc. Zscaler is a cloud security company that has been trending in the stock market this year. ZS stock is another top growth stock that has been on investors’ radars as of late. The company’s stock price surged more than 12% on Wednesday’s trading.

This came after the company delivered strong third-quarter financial results. In detail, the company’s revenue came in 60% higher year-over-year to $176.4 million. The strong growth came amid the backdrop of more businesses migrating their operations to the cloud.

According to the CEO, Jay Chaudhry, Zscaler’s Zero Trust Exchange platform is helping customers realize their digital transformation goals and architect for the new normal of the work-from-anywhere economy. Even as more people begin to return to their work offices, the transition to the cloud will likely continue. Considering that cyberattacks are increasing in scale and sophistication, could ZS stock continue its momentum in the coming quarters? 

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BioNTech

BioNTech is a next-generation immunotherapy company pioneering novel therapies for cancer and infectious diseases. Most people get to know the company through its partnership with Pfizer (NYSE: PFE) in developing the COVID-19 vaccine. From its first-quarter report, revenue came in at $2.49 billion in the first quarter. This result reflected a huge 7,300% increase from the prior-year period. And that’s not all, the company’s bottom line also improved dramatically. 

It’s no secret that its recent quarterly reports have been all about its vaccine candidate BNT162b2. The company currently shares its net profits equally with Pfizer for sales of the vaccine globally, except in China. The company said that it had supplied more than 450 million doses of its COVID-19 vaccine to 91 countries or territories as of May 6, with signed agreements for more than 1.8 billion doses in 2021.

The estimated revenue from COVID-19 vaccine deliveries, based on the currently signed contracts, is €12.4 billion. With this kind of revenue growth, it’s not surprising why many would consider BNTX stock to be a top growth stock in the stock market today.

[Read More] Hot Stocks To Buy Now? 5 Cyclical Stocks To Watch

Palantir Technologies

Palantir Technologies is a developer of software and analytics tools for the defense industry and large corporations. For those unfamiliar, the company’s Gotham platform enables government customers to identify patterns hidden deep within datasets, ranging from signals from intelligence sources to reports from confidential informants. Now you might think these sound more like a company with fictional software. But fret not, Palantir has managed to deliver. 

The company reported its first-quarter earnings this week. From the report, revenue came in 49% higher year-over-year to $341 million. Besides, cash generation also improved dramatically. More importantly, the management expects revenue to increase 43% to $360 million in the second quarter. We are looking at a company with disruptive technology and a sizable addressable market.

For the long term, Palantir believes it can provide over 30% revenue growth this year and for the next four years. Considering its growth momentum, would PLTR stock be an ideal investment for investors with a long-term horizon?

[Read More] 5 Electric Vehicle Stocks To Watch After Ford Boosts Spending On EVs

ViacomCBS Corporation

Viacom is a diversified multinational mass media conglomerate that is headquartered in New York City. In essence, the company delivers premium content to audiences across traditional and emerging platforms worldwide. Following the failure of Archegos Capital Management, VIAC stock shed more than half of its value in a matter of days. Now with acquisition rumors amid an intensifying streaming war, ViacomCBS is in the headlines again.

Last week, Bank of America issued a double upgrade on the company and raised its price target. Their reasons- relatively low positions among streaming companies and its sizable content library making it an attractive acquisition target. From its latest fiscal report, revenue grew by 65% year-over-year, fueled by strong increases in user and product monetization. Total revenue for the quarter was a whopping $7.41 billion, a 14% increase year-over-year.

Given its strong fundamentals and sizable content library, it could provide a strong value proposition as an acquisition target for streaming giants. Of course, buying VIAC stock because of rumors may not exactly be a great idea. However, should that really happen, it would make out nicely for existing shareholders.

https://www.entrepreneur.com/article/373111

May 27, 2021 6 min read

This story originally appeared on StockMarket

Will Ford’s Big Investment News Lift These Top Electric Vehicle Stocks In The Stock Market Now?

Wall Street has a new favorite electric vehicle stock in the stock market right now. And… it’s not Tesla (NASDAQ: TSLA) right now. Instead, it’s the legendary automaker Ford (NYSE: F) that is getting all the attention in the market as of late. Despite Tesla’s announcement on its plan to advance its effort to develop autonomous vehicles, the news was arguably overshadowed by Ford’s announcement to boost spending on electrification efforts. On top of that, the automaker aims to have 40% of its global volumes be all-electric by 2030, a move to step up its push on EVs.

When the whole transportation industry speeds up the transition to electric, investors might want to pay closer attention. While some experts believe that we are in a massive bubble, others beg to differ. The truth is, the rise of EVs didn’t happen overnight. Rather, it has been years in the making. With many growth stocks turning tide this week, a lot of focus is on the top electric vehicle stocks in the stock market today. With that in mind, do you have these electric vehicle stocks on your watchlist?

Electric Vehicle Stocks To Watch Right Now

1. Li Auto (NASDAQ: LI)
2. Lucid Motors (NYSE: CCIV)
3. General Motors (NYSE: GM)
4. Xpeng Motors (NYSE: XPEV)
5. Fisker (NYSE: FSR)

Li Auto

Chinese EV maker Li Auto is an electric vehicle stock to watch this week. This came after the company reported a five-fold increase in its first-quarter revenue that topped analysts’ expectations. Revenue in the first quarter came in at $545.7 million, beating consensus estimates of $522.5 million.

The company now has 65 retail stores and 135 service centers. On top of issuing $862.5 million in convertible notes last month, the company unveiled the new 2021 model of Li ONE. And this new model includes an improved suite of active safety features.

The company’s CEO Xiang Li is highly optimistic about the company’s performance this quarter. He commented, “Li ONE was the second best-selling new energy SUV in China in the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.” Considering the upbeat momentum with the company’s performance, would now be a good time to include LI stock in your portfolio?

[Read More] 5 Top Health Care Stocks To Watch Ahead Of June 2021

Churchill Capital IV

Churchill Capital Corp. IV is a special purpose acquisition company (SPAC) that is merging with Lucid Motors. For those uninitiated, Lucid is a brainchild of former Tesla chief engineer, Peter Rawlinson.

Since the confirmation of the merger news, the stock has garnered a lot of attention from investors. However, since hitting a high of nearly $65 per share earlier this year, CCIV stock is down nearly 70% from its peak. Currently, investors can pick up CCIV stock at around $20 per share.

While CCIV stock did not have a good ride like its competitors in the market, Lucid Air’s presentation could be quite appealing to some investors. During the presentation, Lucid unveiled the intuitive user experience with the Air. And investors appear to be optimistic with what the company is offering. Of course, at $20 a piece, the stock is still double from the SPAC’s IPO price. While no one can be sure if we can ever go back to its previous high again, would it be compelling to buy CCIV stock on dips?

Read More

General Motors

Following that, we have the legacy automotive giant, General Motors (GM). Like most of its peers, the company has and continues to shift towards the hot EV and AV segments now. With plans to go carbon neutral by 2040, GM seems set on adapting to shifting market dynamics. Thanks to its EV-focused strategy, GM stock has more than tripled in value over the past year. The company is also looking to invest $27 billion in EV and AV development over the next five years.

More recently, the company is also reportedly partnering up with Lockheed Martin (NYSE: LMT) to develop the next generation of lunar vehicles to transport astronauts on the surface of the Moon. In this partnership, GM will utilize its autonomous technology to facilitate safer and more efficient operations on the moon.

If anything, GM’s big investment in autonomous technology could very much bring in different revenue sources for the company as the technology continues to mature. Given its involvement in both electric vehicles and autonomous technology, could investors expect GM stock to be a multi-bagger?

[Read More] Hot Stocks To Buy Now? 5 Cyclical Stocks To Watch

Xpeng Motors

Next up, we have another China-based EV company, Xpeng. Essentially, it is a company that designs, develops, and produces smart electric vehicles (Smart EVs). Not only that, but the company also has aims of developing full-stack autonomous driving technology, in-car intelligent operating systems, and core vehicle systems.

From its first-quarter earnings, total vehicles delivered by the company jumped by 487% to 13,340 from 2,271 in the corresponding period of the prior year. Also, total revenue increased 616.1% year-on-year to $450.4 million. This can largely be attributed to its deliveries of the P7 model.

What’s more impressive is that the company is predicting another fruitful second quarter. Given the strong financial results of the company, would you say that XPEV stock is trading at a discount now? 

[Read More] 4 Top Biotech Stocks To Watch In May 2021

Fisker

Last but not least, we have the EV startup Fisker. To put it simply, it is a company that designs and manufactures electric vehicles. Its flagship Fisker Ocean is set for mass production in 2022. The company aims to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. This week, the company announced that it has signed a letter of intent with the Mekonomen Group to provide a range of after-sales services for the Danish, Norwegian and Swedish markets.

With a network of more than 3,000 affiliated workshops across Scandinavia, the Mekonomen Group will provide a range of delivery and ownership services to Fisker, complementing its asset-light model.

Furthermore, Fisker also announced that it has nominated Sharp Corporation to develop technologies to support its next-generation in-vehicle screens and interfaces. The agreement would include the co-creation of technologies and the subsequent manufacture of screens and components from Sharp to support the Fisker Ocean SUV, Project PEAR (Personal Electric Automotive Revolution), and potentially two additional Fisker vehicles. With that in mind, would you invest in FSR stock now?

https://www.entrepreneur.com/article/373102

May 26, 2021 7 min read

This story originally appeared on StockNews
The current market volatility has spooked some investors, which is why David Cohne recommends stocks that analysts think will rally. Stocks such as Regeneron Pharmaceuticals (REGN), Arcelor Mittal (MT), and Boyd Gaming (BYD) have high upside potential based on their average price targets.

A strategy many investors practice is to follow the recommendations of Wall Street analysts. The easiest way to do this is by looking at analyst price targets. Wall Street analysts are typically responsible for coverage on a select group of stocks based on industry and market size.

Analysts meet with management and other stakeholders to help determine a company’s current and future value based on its financials and growth potential. They use this information to generate earnings estimates and target prices that help them form their overall ratings. While we don’t need to pay too much attention to analyst ratings, we should keep an eye on price targets. A price target is what analysts think the stock is worth per share.

When you take an average of analyst price targets, you can get a good idea of what price a stock could reach. If a stock is trading below its average target price, there is a solid chance it will increase its price. If a stock is trading more than 20% below its average price target, there is a strong chance it will rally, which is why investors should consider stocks such as Regeneron Pharmaceuticals, Inc. (REGN), ArcelorMittal (MT), and Boyd Gaming Corporation (BYD). 

Regeneron Pharmaceuticals, Inc. (REGN) 

REGN discovers, develops, and commercializes products that fight eye disease, cardiovascular disease, cancer, and inflammation. The company has several marketed products, including Eylea, approved for wet age-related macular degeneration and other eye diseases, Praluent for LDL cholesterol-lowering, and Dupixent for atopic dermatitis, asthma, and nasal polyposis.

The company’s key growth driver is Eylea, which continues to generate strong revenues from continued label expansions. The company Eylea is approved in the United States, EU, Japan, and other countries. Demographic trends have driven growth due to an aging population and an increase in the prevalence of diabetes.

REGN also has a deep pipeline of drugs, including fully human monoclonal antibodies generated using the VelocImmune technology. Promising drugs include fasinumab for osteoarthritis pain and evinacumab for homozygous familial hypercholesterolemia. The company has an overall grade of A, which translates into a Strong Buy rating in our POWR Ratings System.

The company has a Growth Grade of A, driven by strong earnings growth. REGN has a five-year average annual earnings growth of 41%. Plus, earnings are expected to rise 144.7% year over year in the current quarter. REGN also has a Value Grade of A, which isn’t surprising with a forward P/E of 11.36. In addition, the stock is trading 28% below its average analyst target price.

We also provide Momentum, Stability, Sentiment, and Quality Grades for REGN, which you can find here. REGN is ranked #1 in the Biotech industry. You can find other top-ranked stocks in this industry by clicking here.

ArcelorMittal (MT) 

MT is the world’s leading steel and mining company. It has a presence in more than 60 countries, where its products are primarily sold to customers in the automotive, general, and packaging sectors. The company also produces long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products.

The company has been benefiting from increased demand for steel as the economy has been opening up. Since its products serve two key infrastructure sectors, construction and transport, MT should also benefit from any infrastructure bill. MT has also been focused on cost reduction and recently revealed a $1-billion fixed cost reduction program that it expects to complete by the end of next year.

The company is expanding its automotive steel line of products by launching a new generation of advanced high-strength steel. MT has an overall grade of A, which is a Strong Buy in our POWR Ratings system. The company has a Growth Grade of A, driven by its massive growth potential. Earnings are forecasted to soar over 1,000% year over year in this quarter.

MT also has a Quality Grade of B due to a solid balance sheet. As of the most recent quarter, the company had $5.4 billion in cash compared to only $2.8 billion in debt. Like REGN, MT has a high upside potential based on analyst price targets. It is currently trading 23.4% below its average price target. For the rest of MT’s grades (Value, Momentum, Stability, and Sentiment), click here.

MT is the #5 ranked stock in the A-rated Steel industry. For more top stocks in this industry, make sure to visit this link.

Boyd Gaming Corporation (BYD)

BYD is a multi-jurisdictional gaming company. The firm owns and operates 29 gaming entertainment properties in multiple states with 36,977 slot machines, 809 table games, and 11,090 hotel rooms. The company has been increasing its brand presence through expansions into Northern California with Wilton Rancheria resorts. This is expected to open by the second half of 2022.

BYD has also been expanding its online betting offerings. In 2018, the company partnered with MGM Resorts to offer its online and mobile gaming platforms. In 2019, BYD partnered with FanDuel Group to open sports books to multiple properties in the Midwest. It also introduced its mobile app in Pennsylvania. It even announced a partnership with the NFL, where FanDuel will provide endgame and postgame highlights in its Sportsbook app.

BYD sees solid performance in its interactive gaming platform, which bodes well for the company’s future in the iGaming industry. Plus, as more people get vaccinated and go out, increased traffic to casinos should drive growth in upcoming quarters. BYD has an overall grade of A, translating into a Strong Buy rating in our POWR Ratings system.

The company has a Growth Grade of A, as its earnings have increased an average of 20% over the past five years. Revenue is expected to soar 494% this quarter. BYD also has a Value Grade of B, which makes sense, given its forward P/E of 21.79. Its stock currently has an upside potential of 22%, based on an aggregate of analyst price targets.

We also grade BYD based on Momentum, Stability, Sentiment, and Quality. You can find those grades here. BYD is ranked #1 in the Entertainment – Casinos/Gambling industry. You can find other top stocks in this industry here.

Discover Today’s Best Value Stocks

This article was written by David Cohne, Chief Value Strategist for StockNews.com.  David has helped investors find the most profitable stocks for over 20 years.

If you would like to see more of his best value stock ideas, then click the link below.

See David Cohne’s Favorite Value Stocks

REGN shares were unchanged in after-hours trading Wednesday. Year-to-date, REGN has gained 2.91%, versus a 12.45% rise in the benchmark S&P 500 index during the same period.

About the Author: David Cohne

David Cohne has 20 years of experience as an investment analyst and writer. He is the Chief Value Strategist for StockNews.com and the editor of POWR Value newsletter. Prior to StockNews, David spent eleven years as a consultant providing outsourced investment research and content to financial services companies, hedge funds, and online publications. David enjoys researching and writing about stocks and the markets. He takes a fundamental quantitative approach in evaluating stocks for readers.

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The post 3 Top Stocks Analysts Predict Will Rally By 20% Or More appeared first on StockNews.com https://www.entrepreneur.com/article/372997

May 26, 2021 6 min read

This story originally appeared on StockMarket

Are These The Best Biotech Stocks To Buy In The Stock Market Today?

Some of the top biotech stocks have been performing steadily in the stock market in recent months. For instance, Pfizer (NYSE: PFE) saw its share price surging over 17% in the last 3 months. Besides, its revenues surged 45% to $14.6 billion during the first quarter of 2021. We all know the importance of healthcare and the pandemic merely magnified the value of the biotech industry. However, biotech stocks have always been known to be high-risk, high-reward investments. A positive clinical outcome or update can lead to a boost in share price. On the flip side, should the clinical data be disappointing, biotech stocks could see their share price crashing.

Take Moderna (NASDAQ: MRNA) and Novavax (NASDAQ: NVAX) for example. Both companies are known for their development of COVID-19 vaccines. Early investors of MRNA stock and NVAX stock would have seen significant gains, with gains of 600% and 1,500% respectively over the past year. Of course, it can be challenging for investors to navigate around the complexities that come with the biotech industry. However, with proper research and due diligence, investors could make educated guesses on which biotech stocks to bet on. With that in mind, do you have this list of top biotech stocks to watch in the stock market this week?

Top Biotech Stocks To Buy [Or Sell] Right Now

AbbVie Inc.

First up, AbbVie is a biotech company that operates as a research-based pharmaceutical manufacturer. Over the past year, ABBV stock has risen by over 25%. The company started the year on a strong note as demonstrated from its first-quarter results. In it, the company reported revenue of $13.01 billion, which represents a 51% increase year-over-year. 

Despite a strong first quarter, a recent issue of AbbVie inflating one of its drug prices might have brought some publicity concerns for some investors. But those are only potential worries. Considering AbbVie has a highly diversified business with a huge stable of drugs under its belt, there’s no need to fret over it.

Notably, the company has shown it can expand other parts of its business as well. AbbVie’s aesthetics portfolio also demonstrated remarkable growth. Global revenues rose by 35% to $1.14 billion year-over-year. Impressively, revenue from Botox rose 45% to $477 million year-over-year. With the strong growth of its drug sales, could ABBV stock be a good biotech stock to buy now?

[Read More] Best Stocks To Invest In 2021? 4 Dividend Stocks To Watch

Amgen Inc.

Amgen is a biotech giant which has been around for 30 years. It boasts an impressive line-up of over 30 drugs. The company’s expertise in the development of human therapeutics allows it to diversify revenues across several drugs. For example, Amgen’s top eight products accounted for 71% of revenues in the first quarter this year. Repatha, a treatment for cardiovascular disease, saw a revenue surge of 25% to $286 million. More importantly, its patent isn’t set to expire until 2028. That suggests that the drug will continue to be a key revenue contributor in the coming years.

Apart from developing new products, international markets play a key role in Amgen’s growth strategy. For context, revenues from the international market grew from 21% in 2017 to 30% in the first quarter this year. The company is in plans to grow its presence in the Asia Pacific market to drive future growth. With all these in mind, do you think AMGN stock is worth investing in?

[Read More] Best Meme Stocks To Buy Today? 3 To Watch

Gilead Sciences

Gilead Sciences is a biopharmaceutical company that supplies antiviral drugs that treat HIV, viral hepatitis, and cancer in more than 35 countries worldwide. With more than 30 years of experience, the company has brought forward medicines for many life-threatening diseases. In late October 2020, the company received FDA approval for the use of its antiviral drug, Veklury (remdesivir) for the treatment of COVID-19.

On April 29, Gilead released its first-quarter results. In detail, revenues rose 16% to $6.4 billion and profits grew 12% to $1.7 billion year-over-year. The company’s COVID-19 treatment drove the revenues for the quarter, accounting for $1.5 billion in sales. Besides, its top-selling HIV drug, Biktarvy recorded 8% year-over-year growth in revenue. As the drug is protected until 2033, Gilead may continue to see strong sales from this drug over the next several years. All things considered, will you add GILD stock to your portfolio?

Read More

Regeneron Pharmaceuticals Inc.

Regeneron Pharmaceuticals is a leading player in the biotech industry that develops medicines for people with serious diseases. Specifically, its portfolio includes its blockbuster eye drug Eylea, Libtayo for cancer, and REGEN-COV, a dual antibody cocktail for COVID-19. From a phase 3 trial in high-risk COVID-19 outpatients, the antibody cocktail reduced the risk of hospitalization or death by approximately 70% with both doses.

The company’s research into administering its COVID-19 treatment as a subcutaneous injection appears to be progressing well. The company reported a reduced risk of symptomatic infections by 81%. In another study, Regeneron discovered that the cocktail reduced the chance of asymptomatic patients progressing to symptomatic COVID-19.

Most notably, Regeneron collected enough data to request the FDA to expand the emergency use authorization to include COVID-19 prevention for appropriate populations. Should Regeneron receive approval from the FDA, the use of its antibody cocktail could potentially pick up significantly. In anticipation of the possible good news, would you be watching REGN stock?

[Read More] Best Cheap Stocks To Buy Now? 5 Growth Stocks For Your Watchlist

Seagen Inc.

Seagen is a global biotech company that makes cancer medicines. The company started off with drug treatment, Adcetris for Hodgkin lymphoma. Since then, Seagen has commercialized two more drugs which are Padcev for bladder cancer and Tukysa for breast cancer. In addition, it also has a large pipeline of drug candidates in development.

The company recently reported its first-quarter financials in April. In it, revenue rose 52% year-over-year to $302.6 million. This was driven by the rapid adoption of Seagen’s newest products, Padcev and Tukysa. The company estimates sales to hit as much as $1.3 billion for the full year. With yet another strong quarter demonstrating the resilience of the business, would you add SGEN stock to your watchlist?

https://www.entrepreneur.com/article/372988

May 25, 2021 6 min read

This story originally appeared on StockMarket

Are These The Best Renewable Energy Stocks To Buy Right Now?

Given the current state of the world, renewable energy stocks are some of the most active stocks in the stock market this year. Naturally, this could be the case with global warming and climate change. If anything, the switch to clean energy is becoming more of a necessity each day. For this reason, the future of energy generation likely rests on renewable energy companies. That said, it should come as no surprise that some of the top renewable energy stocks have grown considerably throughout the past year. 

Perhaps you think that traditional energy companies are just sitting idle without taking part in the green economy. Well, you would be glad to know that the old guards are also keeping up with the times. That is especially considering the growth potential with renewable energy, at least under the current administration. Perhaps, the biggest reason to believe in renewable energy is the trajectory in which costs are heading, and renewable energy costs are plummeting. If you are a long-term investor looking for value bets you may want to consider adding these top renewable energy stocks to your watchlist right now.

Top Renewable Energy Stocks To Watch Now

1. Brookfield Renewable Partners (NYSE: BEP)
2. NextEra Energy (NYSE: NEE)
3. First Solar (NASDAQ: FSLR)
4. Chevron (NYSE: CVX)
5. SolarEdge Technologies (NASDAQ: SEDG)

Brookfield Renewable Partners

Brookfield is one of the world’s largest publicly traded renewable power platforms. The company’s portfolio has a pipeline of 23,000 MW of capacity. The company received renewed interest from investors this month after the Biden administration said it has a goal of creating 30 gigawatts of US offshore wind capacity by 2030. It also boasts nearly 6,000 generating facilities in North America, South America, Europe, and Asia. The company’s goal is to deliver long-term annualized total returns of 12% to 15%. The company is also a global leader in hydroelectric power, which comprises approximately 62% of its portfolio. 

From its first-quarter results, revenue came in 2.9% lower to $1.02 billion. But the more important metric investors should not overlook is that its funds from operations grew 21% in the first quarter compared to the prior-year period.

Also, the company had invested or agreed to invest $1.6 billion of equity across a range of transactions. The company told investors that in the first quarter, it closed its first offshore wind investment. And investors seem to be delighted with the news. Considering all these, is BEP stock a top renewable energy stock to buy now?

[Read More] Cheap Stocks To Buy? 4 Cloud Computing Stocks To Know

NextEra Energy

NextEra is another leading renewable energy company headquartered in Florida. The company owns Florida Power & Light Company, which is the largest rate-regulated electric utility in the U.S. It also owns a competitive energy subsidiary, NextEra Energy Resources, which is the world’s largest producer of solar and wind energy today. NEE stock has been trading sideways since the start of the year. However, this could be a buying opportunity for investors who believe in the long-term potential of clean energy. 

NextEra Energy Resources is one of the company’s divisions that provides long-term, contract-based renewable power to others. The company claims it is the largest generator of solar and wind power in the world. This Florida utility is very much leading the charge in renewables and should be a major growth engine for years to come.

On top of that, the company along with OPAL Fuels announced plans to build Minnesota’s first renewable natural gas facility. In detail, this could produce over 6 million gas gallon equivalents of renewable natural gas per year. With these developments, would you consider investing in NEE stock now?

First Solar

First Solar is a manufacturer of solar panels and a provider of utility-scale PV power plants. It also provides support services that include finance, construction, maintenance, and end-of-life panel recycling. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. Although FSLR stock has been trading sideways lately, it has recently received price upgrades from Bank Of America and Citigroup.

Not long ago, the company also announced that its next-generation photovoltaic (PV) technology, Series 6 CuRe (Copper Replacement) has the industry’s lowest warranted degradation rate at 0.2% per year. This unprecedented degradation rate is up to 60% lower than conventional crystalline silicon products and ensures that the module will retain at least 92% of its original performance at the end of its 30-year warranty. With lockdowns being lifted and manufacturing capacity rising back to pre-pandemic levels, would now be a good time to include FSLR stock on your watchlist?

Chevron

I know what you’re thinking, Chevron Corporation isn’t exactly a renewable energy stock. But its recent partnership with Toyota Motor Corporation (NYSE: TM) to explore the production and commercialization of hydrogen is indeed a step in the right direction. Of course, commercializing the hydrogen economy is not something that could happen in the near term. Nevertheless, the company does have a few tricks up its sleeves. In early April, it announced a deal to supply Japan’s Hokkaido Gas Co., Ltd. with about a half-million tons of liquefied natural gas over a period of five years starting April 2022.

Many investors, including Warren Buffett, love CVX stock because it has a strong balance sheet and reasonable growth prospects. After all, we are talking about a company with a history of 140 years. And more importantly, it has an attractive dividend yield of more than 5%. Yet, the company has not been resting on its laurels. With its hydrogen initiatives to support the green economy, is CVX stock a good stock to invest in right now?

[Read More] Best Stocks To Invest In 2021? 4 Dividend Stocks To Watch

SolarEdge Technologies

Another company that stands to benefit from the rise of solar energy is SolarEdge Technologies. The company designs and sells direct current optimized inverter systems for solar photovoltaic (PV) installations worldwide. The company’s optimized inverter system maximizes power generation at the individual PV module level while lowering the cost of energy produced by the entire solar PV system. The company’s stock price took a dive after reporting its first-quarter results, in which revenue fell 6% from the year-ago period to $405.5 million. This came after the company warned that higher shipping costs could hit margins going forward.

Obviously, SolarEdge is a dominant player in the power optimizer market. The installation of its components in a typical solar panel gives it access to valuable data about the system’s efficiency and status. This shows us that the company not only can monetize their power optimizer products but also have another stream of revenue from monitoring solutions.

In addition to residential solar, SolarEdge is also expanding its offerings in the commercial and utility segments to fuel growth. SolarEdge stock may have been beaten down, but it’s certainly not out of the map if you ask me. If anything, the recent dip in SEDG stock could allow long-term investors to accumulate the stock at a discount. 

https://www.entrepreneur.com/article/372889

May 25, 2021 6 min read

This story originally appeared on StockMarket

3 Cyclical Stocks To Consider Buying In The Stock Market This Week

As investors rotate from growth stocks towards reopening plays, cyclical stocks continue to gain momentum in the stock market today. After all, high growth tech stocks have mostly been trading sideways this year on account of inflation fears among other factors. Particularly, blockchain stocks have now become some of the most volatile stocks in the market as Bitcoin faces regulatory challenges in China. Given the increased uncertainty for tech investors now, cyclicals could possibly offer some security. Understandably, companies in the cyclical space would stand to benefit the most from an economic upswing. With the current trajectory of the economy, I can understand if investors are now turning towards the top cyclical stocks today.

In fact, analysts from JPMorgan (NYSE: JPM) recently mentioned in a research note that cyclicals continue to outperform the market across the board. To begin with, companies working in the industrial sector such as John Deere (NYSE: DE) are on the uptrend. DE stock is currently looking at gains of over 130% in the past year. Meanwhile, consumer-focused companies such as L Brands (NYSE: LB) and Tesla (NASDAQ: TSLA) would also be in focus. This could be the case as consumers would generally have more discretionary funds available post-pandemic. Even now, both LB stock and TSLA stock have more than tripled in value over the past year.

Now, all this is great for top cyclical stocks and investors. However, could the rising threat of inflation see this sector lose steam? According to JPMorgan equity strategist Dubravko Lakos-Bujas, likely not. The strategist argues that institutional investors are well aware of inflation risks and have already priced in potential downsides. Nevertheless, if all this has you keen on adding some cyclical stocks to your watchlist, here are three making headlines in the stock market now.

Top Cyclical Stocks To Watch This Week

Carnival Corporation

Carnival is a cruise operator and one of the world’s largest travel leisure companies. The company has a wide portfolio of global cruise lines which include Costa Cruise and AIDA Cruise. Together, the company has a fleet of 87 ships visiting over 700 ports around the world and totaling 223,000 lower berths. Carnival also has plans to add 16 new ships through 2025. Pre-pandemic, its brand would host nearly 13 million guests annually, accounting for nearly half of the overall global cruise market. CCL stock currently trades at $27.90 as of Monday’s closing bell and is up by over 30% year-to-date.

Yesterday, the company announced that its AIDA Cruises has successfully started into the cruise season in the Eastern Mediterranean with AIDAblu. AIDAblu is the second ship of the Costa Group to resume operation with an itinerary touching Greece after Costa Cruises’ return with Costa Luminosa, which restarted on May 16 from Italy to bring guests to visit Corfu, Athens, Mykonos, and Katakolon and will be followed by Costa Deliziosa at the end of June. Given how the cruise industry continues to receive pent-up demand due to the pandemic that essentially grounded the industry last year, Carnival could be well-positioned for growth this year.

The company’s reopening plays have been impressive so far. In the month of May itself, the company also announced that its Princess Cruises plans to resume cruising in the U.S. with Alaska Sailings departing Seattle in July 2021. Seeing how the vaccination rollout will play a crucial role in Carnival’s reopening for business, the company has also been actively vaccinating its crew members to ensure that they are safe. All things considered, will you add CCL stock to your watchlist?

[Read More] Best Copper Mining Stocks To Buy In 2021? 4 To Watch This Week

United Parcel Services Inc.

UPS is a multinational shipping & receiving and supply chain management company. It is one of the world’s largest package delivery companies and it provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. The company boasts more than 540,000 employees. UPS stock currently trades at $213.43 as of 4:00 p.m. ET Monday and has more than doubled in the last year.

Last month, the company announced its first-quarter financials for fiscal 2021. Consolidated revenue for the quarter increased by 27% and it enjoyed growth across all segments. Its consolidated average daily volume increased by 14.3% year-over-year as well. This is a given as more people relied on UPS’ services throughout the pandemic and still do today. The company also reported that its adjusted diluted earnings per share were up by 141% to $2.77. It also reaffirmed its full-year 2021 capital allocation plans with capital expenditure planned to be about $4 billion.

“I want to thank all UPSers for delivering what matters, including COVID-19 vaccines,” said Carol Tomé, UPS chief executive officer. “During the quarter, we continued to execute our strategy under the better not bigger framework, which enabled us to win the best opportunities in the market and drove record financial results.” Earlier in the month, the company also announced a quarterly dividend of $1.02 per share on all outstanding Class A and Class B shares. With that in mind, is UPS stock worth watching?

Read More

Walt Disney Company

Another top name in the cyclical space now would be the Walt Disney Company. Chances are, most people would be familiar with the company’s work in the entertainment industry. More importantly, Disney makes the most of its countless IPs in a variety of ways. Given its gargantuan media and tourism-related portfolio, you could say that Disney is firing on all cylinders now. 

On one hand, the company is in a favorable position in the content streaming industry now. Evidently, its Disney+ streaming platform is currently gaining subscribers at breakneck speeds. This would likely continue as general cord-cutting trends persist. On the other hand, Disney’s tourism portfolio would receive a breath of fresh air as travel restrictions loosen. Could all this leave DIS stock with more room to grow this year?

For the most part, CNBC’s Jim Cramer appears to believe so, arguing that DIS stock’s current price does not reflect its potential. On that note, Disney does not seem to be slowing down in the slightest. While aggressively pushing content on the streaming front, the company continues to bolster its leisure offerings. This week, tickets for its top-of-the-line cruise, Disney Wish, will be going live.

On top of that, the company is planning to add Spider-Man-related activities for Disneyland Resort guests later in June. Would you say that all this makes DIS stock a top cyclical stock to watch right now?

https://www.entrepreneur.com/article/372782

May 24, 2021 6 min read

This story originally appeared on StockMarket

Are These Trending Tech Stocks A Buy Right Now?

Like it or not, it has been a tough year for tech stocks in the stock market. Evidently, the tech-heavy Nasdaq Composite continues to lag behind the broader market year-to-date. While some of the biggest tech players are trading below their pandemic-fueled record highs, some investors would see opportunity. In fact, with most major tech companies being household brands, newer investors may be wondering how to get into stocks as well. Could buying tech stocks on the dip be the current play now?

Well, on one hand, institutional investors still seem bullish on the emerging fields in tech. According to Kim Arthur, CEO of Main Management, an ETF-focused investing firm, “thematic tech” holdings remain strong overall. In short, “thematic tech” accounts for upcoming sectors in the tech industry such as cybersecurity, cloud computing, and 3D printing. On the other hand, investors also appear optimistic about conventional tech stocks as well. Namely, Citi (NYSE: C) analyst Jim Suva recently upgraded HP (NYSE: HPQ) to a buy on rising demands for personal computers.

By and large, the long-term merits of investing in the tech industry appear to be holding firm. This would be the case given the constant innovation seen in companies like Google (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN). Having said all that, here are four tech stocks making waves in the stock market today.

Best Tech Stocks To Watch Before June 2021

Virgin Galactic Holdings Inc.

Virgin Galactic is a tech company that specializes in spaceflight. The company strives to be the world’s first commercial spaceline and vertically integrated aerospace company. In essence, it is currently developing and operating a new generation of space vehicles to open space for everyone. Virgin Galactic has hundreds of dedicated and passionate professionals. SPCE stock closed Monday’s trading session up an impressive 27.74% at $26.89 a share.

Investors seem to be responding to the company completing its first human spaceflight from Spaceport America, New Mexico. VSS Unity achieved a speed of Mach 3 after being released from the mothership VMS Eve and had reached space at an altitude of 55.45 miles before gliding smoothly back to a runway landing at Spaceport America.

In detail, it had fulfilled a number of test objectives during the flight. This includes carrying revenue-generating scientific research experiments for NASA and testing the spaceship’s upgraded horizontal stabilizers and flight controls. This would be a huge milestone for the company as it could really make commercial spaceflight a reality. With that in mind, will you consider buying SPCE stock?

[Read More] Best Stocks To Buy Now? 4 Blockchain Stocks To Know

Palantir Technologies Inc.

Palantir is a software company that specializes in big data analytics and security. The company helps institutions utilize the data they have to make the best decisions on safety, stability, and prosperity. Its software is built to let organizations integrate their data, decisions, and operations into one platform. As of Monday’s closing bell PLTR stock is trading up a modest 2.29% at $21.22 per share. ET. Earlier in the month, the company reported its first-quarter financials for 2021.

Diving in, total revenue for the quarter grew by 49% year-over-year to $341 million. Impressively, U.S. commercial revenue and government revenue grew by 72% and 83% year-over-year. Cash flow from operations was $117 million, up by $404 million compared to a year earlier. Given the momentum, the company expects its second-quarter 2021 revenue to be $360 million, representing year-over-year growth of 43%.

Last month, Palantir announced that it has renewed a strategic partnership with Ringier AG to provide Ringier with software to further its digital transformation and accelerate its shift to a digital-first global media company. With so many exciting developments surrounding the company, will you add PLTR stock to your portfolio?

Read More

Apple Inc.

Apple is a multinational tech company that is headquartered in Cupertino, California.  The company is the brains behind its premium brand of consumer electronics such as the iPhone and Apple Watch. It also sells a range of related software and services and third-party digital content and applications. Ranging from streaming services to a wide range of tech products, the company is one of the most valuable tech companies globally and has strong brand loyalty. AAPL stock currently trades at $127.10 as of Monday’s closing bell.

In late April, the company announced its second-quarter financials for its fiscal 2021. Firstly, it posted a March quarter record revenue of $89.6 billion, up by 54% year-over-year. A whopping $72.6 billion came from net sales of its Apple products.

It also posted quarterly earnings per diluted share of $1.40. The company reports record revenue in each of its geographic segments and strong double-digit growth in its product categories. Given the impressive financials, will you consider AAPL stock as a top tech stock to buy?

[Read More] Best Copper Mining Stocks To Buy In 2021? 4 To Watch This Week

BlackBerry Inc.

Last but not least, we have Canada-based software company, BlackBerry. For some context, the company’s portfolio mainly focuses on enterprise software and Internet-of-things services. According to BlackBerry, the company provides intelligent security software and services to enterprises and governments globally. In terms of scale, it secures over 500 million endpoints across its client network, leveraging artificial intelligence (AI) to do so. Given its leading position in the cybersecurity industry, BB stock would be a hot tech stock to watch now. Could this mean it has more room to grow moving forward?

If anything, the company has been and continues to keep busy on the operational front. Last week, BlackBerry unveiled significant expansions to its cybersecurity portfolio, these are Optics 3.0 and BlackBerry Gateway. Firstly, Optics 3.0 is the company’s next-generation cloud-based endpoint detection and response (EDR) solution.

Next, Gateway is BlackBerry’s first AI-powered Zero Trust Network Access product. According to VP of Product Engineering, Billy Ho, these two expansions work to create a comprehensive end-to-end approach to cybersecurity. With cybercrimes on the rise, BlackBerry seems to be expanding into a field where demand is greater than ever. Would this make BB stock a buy for you?

https://www.entrepreneur.com/article/372775

May 23, 2021 6 min read

This story originally appeared on StockMarket

These Top Tech Stocks Are In Focus To Start The Trading Week

While fears over a potential crypto bubble weighed in on tech stocks last week, investors may be looking to buy on the dip. Current crypto prices aside, some would argue that the tech industry is still a top growth sector in the stock market now. After all, the world today continues to rely on tech in almost every facet of life.

For starters, cloud-computing company Veeva (NYSE: VEEV) plays a crucial role in helping some of the largest names in healthcare. Companies such as Pfizer (NYSE: PFE) and Merck (NYSE: MRK) rely on Veeva’s specialized customer relationship management services. At the same time, we could also look at tech companies operating in the advertising space now. Namely, Magnite (NASDAQ: MGNI) automates the buying and selling of digital advertising inventory in real-time via its global platform. Earlier this week, Magnite revealed that it is now working with news broadcasting company, E W Scripps (NASDAQ: SSP) to bolster its connected TV division. These are but two instances of the vast applications of tech in vital and growing industries today.

Overall, the current weakness in top tech stocks would present a unique opportunity for investors. Even Wedbush Securities’ Managing Director Dan Ives remains bullish on the sector. In an interview earlier today, Ives recommended that investors focus on diversifying their portfolios with tech and recovery plays now. With this in mind, here are five tech stocks worth watching in the stock market this week.

Best Tech Stocks To Watch This Week

Nvidia Corporation

Nvidia is a tech company that builds powerful graphics chips for data centers, gaming, and artificial intelligence. Its video gaming business in particular has shaped the gaming industry in the last 2 decades. By inventing revolutionary graphics processing units (GPU), it has redefined modern computing graphics, high-performance computing, and artificial intelligence. This past Friday, The company announced a four-for-one stock split, which will require stockholder approval at its 2021 Annual Meeting of Stockholders next month.

This month, the company announced that it will bring its RTX Real-Time Ray Tracing and AI-Based DLSS technologies to tens of millions of gamers and creators. This will be done by introducing a slew of RTX 3050 Ti and RTX 3050 laptops, bringing Nvidia’s Ampere architecture to the most mainstream audience yet. Impressively, this would expand the number of RTX 30 series laptops to more than 140. This latest wave of laptops provides the perfect opportunity for users to upgrade, especially for the wider mid-range market. Given all of this, is NVDA stock worth adding to your portfolio?

Blink Charging Inc.

Blink is a tech company that owns and provides electric vehicle (EV) charging equipment and services. Impressively, the company has deployed over 23,000 charging stations worldwide, many of which are networked EV charging stations. With global EV purchases forecasted to rise over the next few years, the company has established key strategic partnerships to roll out adoption across the world. BLNK stock has been up by over 1,700% in the last year.

In May, the company announced that it acquired European EV charging operator Blue Corner. Blue Corner is based in Antwerp, Belgium, and has a portfolio of 7,071 charging ports and a robust European charging network. The acquisition will give Blink complete operational control of Blue Corner and its EV charging assets. Seeing how EVs enjoy a much higher market share in Europe, Blink will be able to capitalize on the European EV market.  With this exciting development surrounding the company, will you watch BLNK stock?

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Applovin Corp

Applovin is a mobile technology company that is headquartered in Palo Alto, California. The company has been instrumental in defining many of the most popular mobile apps and game studios in the last few years. Its technology leverages machine learning and predictive algorithms to help developers of all sizes market and monetize their apps. The company primarily does this through mobile advertising, marketing, and analytics.

On May 12, 2021, the company announced its first-quarter financials for 2021. Revenue for the quarter was up by 132% year-over-year to $604 million. Adjusted EBITDA totaled $131 million, increasing by 110% year-over-year. The company also provided a topline revenue of $2.70 billion for its fiscal 2021 outlook. This would represent a growth of approximately 83%. For these reasons, will you consider adding APP stock to your watchlist?

[Read More] Stocks To Watch This Week? 4 Entertainment Stocks To Know

Microsoft Corporation

Microsoft is a multinational technology company. In essence, it develops and sells computer software, electronics, personal computers, and related services. The company’s segments include Productivity and Business Processes, Intelligent Cloud, and Personal Computing.

Last month, it announced its third-quarter financials. Revenue for the quarter was $41.7 billion, an increase of 19% year-over-year. Operating income was up by 31%, at $17 billion. Microsoft also posted a net income of $15.5 billion GAAP, an increase of 48% compared to a year earlier. These impressive figures could mean that digital adoption curves are not slowing down yet. The company has also been focusing on its cloud business and continues to expand its addressable market. All things considered, will you watch MSFT stock? 

[Read More] Top Clean Energy Stocks Buy Now? 5 To Watch

Apple Inc.

When it comes to consumer tech, few can boast a reputation quite like Apple’s. Safe to say, the California-based company continues to dominate the consumer electronics industry today. From its market-leading iPhones to its extensive tech ecosystem, the company provides customers with a comprehensive user experience. Because of this, Apple has been and remains a household name. For investors, this would make AAPL stock a prime tech stock to watch right now. This would especially be the case seeing as the company’s shares have been trading sideways this year.

As it stands, Apple posted yet another stellar quarter last month. In short, the company saw surges of 53% in total revenue and 110% in net income for the quarter. To investors’ delight, Apple also reported a 118% jump in earnings per share as well. Not to mention, the company also launched significant accessibility-focused software updates on its flagship operating system iOS last week. Through this update, Apple Store customers have access to on-demand sign language interpreters. By and large, Apple continues to fire on all cylinders, flexing its deep understanding of consumer trends. Given all of this, are you eyeing AAPL stock right now?

https://www.entrepreneur.com/article/372680

May 22, 2021 6 min read

This story originally appeared on StockMarket

Top Health Care Stocks To Watch In The Stock Market This Week

Health care stocks are one of the most significant sectors in the stock market. In fact, health care was a defensive play even before the pandemic. But with more people infected with COVID-19 facing long-term health problems, the demand for health care could be on the rise. Health care companies including those that sell medical supplies, offer medical services, or even provide real estate for medical organizations are all expected to benefit. These could range from biotech companies such as Moderna Inc (NASDAQ: MRNA) which is one of the household names for COVID-19 vaccines to retail pharmacy chains such as CVS Health Corp (NYSE: CVS).

Another major demographic trend we can’t ignore is the aging U.S. population. This is why health care stocks should see growth moving forward. Besides that, there are also economic reasons behind investing in top health care stocks as well. In fact, according to National Health Expenditure data, national health spending in the U.S. is projected to reach $6.2 trillion by 2028. For this reason, the domestic health care industry will get the support needed to thrive under the Affordable Care Act. So if you agree with the importance of health care, do you think this would translate to health care stocks as well? Now let us take a look at some of the best health care stocks in the stock market today. 

Best Health Care Stocks To Buy [Or Sell] Today

1. Reata Pharmaceuticals Inc (NASDAQ: RETA)
2. Genetron Holdings Ltd (NASDAQ: GTH)
3. I-Mab (NASDAQ: IMAB)
4. Merck & Co., Inc (NYSE: MRK)

Reata Pharmaceuticals

Let’s start off with the clinical-stage biopharmaceutical company Reata Pharmaceuticals. The company focuses on identifying, developing, and commercializing product candidates for a range of serious or life-threatening diseases. Its leading product candidates include bardoxolone methyl and Omaveloxolone. While the RETA stock has been moving sideways for the most part of the year, it received a boost on Thursday. Now let us see what stimulated this movement.

Reata announced that the U.S. Food and Drug Administration (FDA) has requested the company to submit a request for a pre-NDA meeting for Omaveloxolone for the treatment of Friedreich’s Ataxia. The Division of Neurology Products suggested that the company withdraw the current meeting request for a Type C meeting.

Instead, request a pre-NDA meeting, which the Division will grant upon receipt. This is significant as it could potentially be a big step for the approval of Omaveloxolone. Given that there is no known cure at this point for Friedreich’s Ataxia, approval of this drug would be monumental for the company. Hence, would RETA stock be worth investing in now?

[Read More] Stocks To Watch This Week? 4 Entertainment Stocks To Know

Genetron Holdings

Genetron Holdings Limited is a precision oncology company that specializes in cancer molecular profiling. It also harnesses technologies in molecular biology and data science to transform cancer treatment. The company has developed a comprehensive product and service portfolio that covers the full cycle of cancer care from early screening to diagnosis and treatment recommendations, to continuous monitoring and continuous care. The company operates its businesses primarily within the China market. GTH stock has been up by over 60% since the start of the year. 

The company has been on a flurry of partnerships this month. Just yesterday, Genetron announced a strategic partnership with JD Health, a subsidiary of JD.com, Inc (NASDAQ: JD), and the largest online health care platform in China. Both parties aim to create innovative solutions for full-cycle cancer management.

In addition to that, there was also another partnership announced last week with Siemens Healthineers at the China Medical Equipment Fair. This partnership aims to promote large-scale application of Genetron’s S5 platform and lung cancer 8-gene IVD assay in hospitals. As a result, it would provide non-small cell lung cancer patients with efficient and accurate personalized diagnosis and treatment guidance. Given its impressive rate of expansion, would you give GTH stock a go?

Read More

I-Mab

I-Mab is a clinical-stage biopharmaceutical company that commits to the discovery, development, and commercialization of novel or highly differentiated biologics. The company aims to treat diseases with significant unmet medical needs, particularly cancers and autoimmune disorders. As a company not involved in COVID-19 vaccines, the health care company stock has been performing extremely well. Impressively, it has risen by more than 220% over the past year with its bullish trend still intact. 

Investors have been keeping their eyes on IMAB stock in response to the company’s early data on Uliledlimab/Atezolizumab combo in advanced cancer settings. More detailed data of the trial will be unveiled at the 2021 American Society of Clinical Oncology Annual Meeting which will be taking place next month.

I-Mab touted a 23% objective response rate and disease control rate of 46% in the study among 13 evaluable patients with several different types of advanced cancers. The results are very encouraging in terms of the potential therapeutic role to treat multiple cancers. With that in mind, would you jump on the IMAB stock bandwagon?

[Read More] Top Clean Energy Stocks Buy Now? 5 To Watch

Merck & Co.

Last but not least, we have Merck & Co. This is a global health care company that offers health solutions through its prescription medicines, vaccines, biologic therapies, and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services, and Alliances.

The company’s drug Keytruda is one of the best-selling drugs in the world, generating almost $14.4 billion in revenue in 2020. Furthermore, it was projected by analysts that by 2025, Keytruda sales may hit $22.5 billion annually. This would reflect an increase of 56% from its 2020 figure. However, MRK stock has flattered to deceive for the past year, mostly trading sideways.  

However, for some investors, this could be an opportunity to load up. Yesterday, the company announced encouraging topline results from PNEU-DIRECTION (V114-027) and PNEU-PLAN (V114-024) phase III pediatric studies for V114. In the study conducted on healthy infants 42-90 days of age, immune responses in those receiving the currently available 13-valent pneumococcal conjugate vaccine (PCV13) and those having a mixed dose schedule of PCV13 followed by V114 were generally comparable. Also, it showed immunogenicity against the other two serotypes, 22F and 33F. Hence, this allows the company to expand coverage to new serotypes which are not targeted by currently available vaccines. All things considered, is MRK stock still a top health care stock to buy?

https://www.entrepreneur.com/article/372663