Author: therawinformant

The U.S. economy is expected to have added millions more payrolls in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen.

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Lam Research jumped Tuesday, momentarily moving past a 325.22 cup-with-handle buy point. Probably already actionable from downward-sloping trend line. Blue Dot Special – stocks with RS at new high that haven’t broken out.

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If you are looking for the best ideas for your portfolio you may want to consider some of Amana Mutual Funds top stock picks. Amana Mutual Funds, an investment management firm, is bullish on 3M Company (NYSE:MMM) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed […]

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Can BlackBerry (BB) become the stock market’s Liverpool FC? For anyone following the English Premier League, after 30 barren years and one global pandemic, soccer giants Liverpool finally clinched the premier league title last week. Might the maker of the once iconic smartphone be able to also rekindle former glories?Since leading the handset market and peaking at an all-time high of $147.55 per share – all the way back in June 2008 – the landscape has irrevocably changed. BlackBerry has changed direction since and is now ostensibly a security software specialist. The share price has changed direction too, down now in penny stock territory, with another disappointing year in tow – shares have dropped by 25% in 2020.The former glories will be hard to replicate, and although last week’s Q1F2021 earnings report was a step in the right direction, the results were still a mixed bag.In the quarter, BlackBerry’s revenue declined year-over-year by 20% to $214 million, lower than the Street’s call for $216.8 million. The company managed a beat on the bottom line, with Non-GAAP EPS of $0.02 beating consensus by $0.04.As expected, the quarter was marred by the ruinous effect of the coronavirus. Auto market macro headwinds translated into weak sales for the company’s QNX auto software platform. Although ESS (enterprise software and services) managed to offset QNX weakness due the remote working environment. BlackBerry has noted the auto and other embedded sectors are witnessing improving trends and expect sales for QNX to pick up as the year progresses.So does Canaccord’s Michael Walkley. Although the 5-star analyst anticipates “steady improvement throughout the year,” there is still much to be done to change overall sentiment.Walkley said, “While management has created a cogent long-term strategy and the shares are potentially compelling for longer-term-oriented investors, we await more proof in execution on the new product roadmap, evidence cross-selling opportunities emerge, stabilizing to growing ESS sales, recovering QNX sales, and the potential for upside to our estimates before becoming more constructive on the shares.”All in all, Walkley reiterated a Hold on BlackBerry shares, along with a $6 price target. The implication for investors? Upside of 23%. (To watch Walkley’s track record, click here)The rest of the Street backs up Walkley’s call. All 9 analysts tracked over the last 3 months recommend a Hold. With an average price target of $5.38, the analysts forecast upside of 10% over the next 12 months. (See Blackberry 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. More recent articles from Smarter Analyst: * The Rise of E-Commerce and Cloud Services Positions Amazon (AMZN) for the Win * Facebook Faces More Ad Boycotts, But This Analyst Expects Minimal Impact * 3 "Strong Buy" Penny Stocks With Explosive Upside Ahead * Heron Therapeutics: HTX-011 Will Eventually Be Approved, Says Analyst

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Uncle Sam best come through with more stimulus checks, or else investors could be battered.

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(Bloomberg) — Imports from China have been piling up at Indian ports pending government clearances, causing concern that a recent border standoff between the two nations could have an economic fallout that will disrupt supply chains.From active pharmaceutical ingredients that go into the world’s most-consumed drugs to the innards of popular mobile phones, Indian companies purchase Chinese raw materials that feed their finished products. These consignments are now being delayed and firms aren’t sure why.“Customs authorities have not been clearing consignments coming from China, and they haven’t been offering any reasons,” Dinesh Dua, chairman of India’s Pharmaceutical Export Promotion Council, said by phone. “It has been five days now. We have no source apart from China.”Dua, who’s also chief executive officer of Nectar Lifesciences Ltd., said he has written to the ministries responsible for pharmaceuticals and trade to seek help as companies are spending about 350,000 rupees ($4,630) a day in demurrage charges. Similar concerns are being voiced by electronics manufacturers, along with anxiety about how they will run their factories, only recently reopened after India’s lockdown to contain the coronavirus.“Five consignments of mine are stuck,” said Sudhir Hasija, chairman and founder of Karbonn Mobiles, which builds smartphones, chargers and set top boxes. “The government collected customs duty and GST on them. 100% of the inspections are done. Now I’m told they are waiting for release instructions, from whom I don’t know. I haven’t received any communication.”Businesses worry that they may end up becoming the casualty of a brewing trade war between the Asian giants sparked off by a border clash that killed 20 Indian soldiers and left an undisclosed number of Chinese dead. India plans to impose stringent quality control measures and higher tariffs on imports from China, people with the knowledge of the matter have said. India on Monday banned 59 Chinese apps, citing threats to its sovereignty and security.Stopping imports from China at domestic ports will lead to losses for those Indian businesses that placed orders before the border clashes, Nitin Gadkari, Indian minister for Micro Small and Medium Enterprises, told Quintillion Media on Sunday. Gadkari said his ministry is actively working with the finance and commerce ministries to resolve this issue.Yogesh Baweja, a spokesman for the commerce ministry, declined to comment when called by Bloomberg News while Rajesh Malhotra, who represents India’s Finance Ministry, didn’t answer a call outside office hours in New Delhi on Monday.At least six companies from across India have been affected by the delays, according to Daara Patel, secretary general of the Indian Drug Manufacturers Association that represents small- and medium-sized Indian pharmaceutical manufacturers. Firms are “quite anxious and concerned about the attitude of the clearing agencies across the country,” he said.Though drugmakers typically have stores of API to last as much as three months, one area that could be particularly impacted if these delays persist could be antibiotics, given Indian factories’ dependence on Chinese inputs for those formulations.The Society of Indian Automobile Manufacturers warned in a statement that the congestion at ports could hurt manufacturers. Karbonn’s Hasija said freight forwarders are refusing to lift more material from China because they don’t have space to store the shipments.Pankaj Mohindroo, chairman of the India Cellular and Electronics Association, which represents companies such as Apple Inc. and Micromax Informatics Ltd., said the industry body is in talks with the government to resolve the situation.“We have been assured that the government does not want any disruption in these trying times,” he said, “and all actions will be taken in the interest of the industry and nation.”(Updates with background in 10th paragraph)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.

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Rates have returned to a record low amid the Fed chief's new warnings about the economy.

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CureVac, an unlisted German company, has said it is developing transportable, automated mRNA production units that it calls printers. It is also building a new stationary site that could increase its output tenfold to billions of doses.

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Toby Russell, Co-CEO of Shift, joined The Final Round to talk the company’s merger with Insurance Acquisition Corp and his outlook for the auto industry.

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