Stock Pick

  • Pfizer, BioNTech vaccine shows positive results: RPT

    Pfizer, BioNTech vaccine shows positive results: RPTYahoo Finance’s Anjalee Khemlani joins The First Trade to break down the latest headline news about the coronavirus, including Pfizer’s recently released phase 1 data.

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  • As the Fed’s Powell sounds alarms, mortgage rates tank below 3%

    As the Fed's Powell sounds alarms, mortgage rates tank below 3%Rates have returned to a record low amid the Fed chief's new warnings about the economy.

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  • Stock market news live updates: Futures in the red after ADP payrolls data clocks in below estimates

    Stock market news live updates: Futures in the red after ADP payrolls data clocks in below estimatesWall Street was poised for a lower open on Wednesday, after a monster Q2 rally that set the tone for a new quarter.

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  • Macy’s records nearly $4 billion in losses as COVID-19 slams business

    Macy's records nearly $4 billion in losses as COVID-19 slams business“While our stores are reopened, we expect that the COVID-19 pandemic will continue to impact the country for the remainder of the year,” Chief Executive Officer Jeff Gennette said in a statement, adding that the retailer did not expect another total shutdown of stores. Macy’s, which also owns Bloomingdale’s, said net sales for the first quarter through May 2 nearly halved to $3.02 billion. The retailer’s results come as some of its peers, including J Crew, J.C. Penney and Neiman Marcus Group, have filed for bankruptcy after failing to cope with market uncertainties and mounting debt.

    from Yahoo Finance https://ift.tt/38hFfZh

  • Airstream sales boom amid pandemic and new models

    Airstream sales boom amid pandemic and new modelsAirstream’s business is soaring as Americans look to the open road amid the coronavirus pandemic.

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  • FOCUS-From Parkinson’s to peanut allergy, pandemic puts brakes on new drugs

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  • Kroger Close To Buy Point

    Kroger Close To Buy PointKroger 34.60 buy point from awkward cup-with-handle entry. RS line improving, needs some work. Strong recent growth.

    from Yahoo Finance https://ift.tt/3ijcG2e

  • United Airlines is tripling flights despite a spike in coronavirus infections

    United Airlines is tripling flights despite a spike in coronavirus infectionsUnited Airlines plans to triple the number of daily flights in August despite a surge of coronavirus infections in the United States.

    from Yahoo Finance https://ift.tt/31yn68d

  • Hedge Funds Never Been Less Bullish On Clovis Oncology Inc (CLVS)

    Hedge Funds Never Been Less Bullish On Clovis Oncology Inc (CLVS)How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

    from Yahoo Finance https://ift.tt/2YPM6Gc

  • 3 exciting ASX growth shares to buy with $3,000 today

    man drawing upward curve on 2020 graph, asx share price growth

    If you’re interested in adding some growth shares to your portfolio, then I think the three named below could be great options.

    I believe all three are well-positioned to deliver above-average earnings growth over the next few years and could generate strong returns for investors.

    Here’s why I would invest $3,000 across the three:

    Bubs Australia Ltd (ASX: BUB)

    The first growth share to look at is this vertically integrated producer of goat’s milk-focused infant formula and baby food products. While I’m not sure whether it will ever be as successful as a2 Milk Company Ltd (ASX: A2M), I do see a lot of similarities. For example, around five years ago a2 Milk Company was a loss-maker and people were questioning the investment proposition. Fast-forward to today and a2 Milk Company is a highly profitable business and growing at an extraordinary rate. Could the same happen with Bubs? Well, after several years of operating at a loss and burning through cash, the company has just become cash flow positive. I’m optimistic this is a sign that it has now reached a scale which will make its operations more and more profitable over the coming years. This could make it a great long term option for growth investors.

    Megaport Ltd (ASX: MP1)

    Another growth share to consider buying is this elasticity connectivity and network services company. Megaport’s increasingly popular service allows its customers to increase and decrease their available bandwidth in response to their own demand requirements. A good example of this is an airport. It can increase its bandwidth during busy parts of the day and then decrease it when its terminals are quiet. This means the airport doesn’t need to be tied to a fixed service level on long-term and expensive contracts. Demand for its offering has been growing strongly, leading to stellar recurring revenue growth. I expect this trend to continue for some time to come thanks to the cloud computing boom.

    PolyNovo Ltd (ASX: PNV)

    A final growth share to consider buying is this exciting medical device company. I think it could have a very bright future thanks to its NovoSorb Biodegradable Temporising Matrix (BTM) product. This was developed at CSIRO and is a wound dressing intended to treat full-thickness wounds and burns. It currently has a sizeable $1.5 billion market opportunity, but management is intent on expanding its usage into the hernia and breast treatment markets. If this is successful, it could be very lucrative. Management estimates that these markets would add $6 billion to its addressable market.

    5 stocks under $5

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    *Extreme Opportunities returns as of June 5th 2020

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    James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BUBS AUST FPO, MEGAPORT FPO, and POLYNOVO FPO. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended BUBS AUST FPO and MEGAPORT FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post 3 exciting ASX growth shares to buy with $3,000 today appeared first on Motley Fool Australia.

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