• Is Horizon Therapeutics (HZNP) A Good Stock To Buy?

    Is Horizon Therapeutics (HZNP) A Good Stock To Buy?We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]

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  • Beyond Meat Teams Up With KFC, Pizza Hut In China

    Beyond Meat Teams Up With KFC, Pizza Hut In ChinaBeyond Meat (BYND) is partnering up with fast-food chains Kentucky Fried Chicken (KFC) and Pizza Hut to expand the reach of its famous plant-based beef in China.The news sent shares up 6.2% on Friday. According to social media site Weibo, the plant-based meat pioneer will be rolling out its products with KFC from June. The partnership with Pizza Hut is slated to start in the coming week. No further details were announced.“We’re proud to expand our partnership with KFC into China, one of their largest markets worldwide, as well as introduce a new partnership with Pizza Hut in China,” a Beyond Meat spokesperson said in an e-mail response to Bloomberg. "We'll be sharing more details soon."Back in April, Beyond Meat made the foray into the market in China announcing a partnership with Starbucks (SBUX). The coffee chain operator is offering a new menu to Chinese customers featuring the company’s ‘beef’ in pastas and lasagna, as well as non-dairy milk and fake pork products.During the same month, Yum China’s KFC also announced that it will begin its first Chinese trial of a plant-based version of its popular fried chicken. According to the company’s Weibo page, U.S. agribusiness Cargill Ltd will supply the nuggets.Beyond Meat’s expansion plans have fueled its share price to more than double since March 18. The stock traded at $128.29 as of Friday. Following the impressive rally, the $90.64 average analyst price target now indicates 29% downside potential from current levels. (See Beyond Meat stock analysis on TipRanks)However, one of the analysts sees more gains in the offing for Beyond Meat’s stock. Five-star analyst Peter Saleh, on May 19 initiated the stock with a Buy rating and $173 price target, reflecting 35% upside potential over the coming year, citing strong sales growth in coming years.“The company’s stated goal is to tackle the $1.4 trillion global meat industry,” Saleh wrote in a note to investors, adding that about $270 billion of that is spent in the U.S. “The adoption of Beyond’s products by mainstream customers in the suburbs will be the key to long-term success. We expect the company to expand into other protein categories including poultry to help broaden its appeal.”The analyst forecasts sales to grow 56% in 2020 and 51% in 2021.The rest of Wall Street analysts remain sidelined on Beyond Meat’s stock right now. The Hold analyst consensus is divided into 5 Hold, 5 Sell and 4 Buy ratings.Related News: Hormel Stock Rises After It Reports Record Sales Papa John’s U.S. Pizza Sales Jump 33.5%; Shares Pop 7% In Pre-Market Uber In Partnership With MoneyGram For Driver Discount During Pandemic More recent articles from Smarter Analyst: * American Airlines Plans To Cut 30% Of Its Management Staff * Zoom Video Is Said To Plan To Offer Better Encryption For Paying Users * Moderna Embarks On Phase 2 Study Of Covid-19 Candidate; Shares Pop 11% * 5-Star Analyst Pounds the Table on Roku Stock

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  • The U.S.-China-Hong Kong tensions are ‘just starting to play out’: Beige Book CEO

    The U.S.-China-Hong Kong tensions are ‘just starting to play out’: Beige Book CEOThe relationship between the United States and China has come under more strain as the CPP recently passed the Hong Kong Security Act. Leland Miller, China Beige Book CEO, joins The Final Round to break down the latest news about China and Hong Kong.

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  • 31M have or plan to withdraw from retirement due to COVID-19: survey

    31M have or plan to withdraw from retirement due to COVID-19: surveyBankrate.com released a survey noting that 31 million Americans have or plan to tap into their retirement savings because of the COVID-19 pandemic. Joining The Final Round to discuss the survey further is Bankrate.com’s Chief Financial Analyst Greg McBride.

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  • MedMen Enterprises Inc. (CSE:MMEN) Just Reported And Analysts Have Been Cutting Their Estimates

    MedMen Enterprises Inc. (CSE:MMEN) Just Reported And Analysts Have Been Cutting Their EstimatesMedMen Enterprises Inc. (CSE:MMEN) just released its latest quarterly report and things are not looking great…

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  • Powell: Main Street facility to start loans in a few days

    Powell: Main Street facility to start loans in a few daysFed Chair Jerome Powell spoke on the U.S. central bank’s coronavirus programs and future plans for economic recovery.

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  • How to Ride a Multi-Bagger Opportunity in Virgin Galactic Stock

    How to Ride a Multi-Bagger Opportunity in Virgin Galactic StockThe industry is shooting for the stars. But when it comes to investing in Virgin Galactic (NYSE:SPCE) and SPCE stock, it's enough to stay tethered to the price chart as well as a smart risk-adjusted position in a sometimes hostile investing environment. Let me explain.Source: Tun Pichitanon / Shutterstock.com Space, it's the final frontier. And this week we got a bit closer to exploring those boundaries face-to-face than we've been in a long time. Tesla's (NASDAQ:TSLA) Elon Musk was expected to send two astronauts into orbit via his privately held SpaceX venture on Wednesday. It would have marked the first manned mission into space in more than nine years. However, Mother Nature scuttled the launch.For many stargazers watching from the sidelines should be rewarded Saturday when a second attempt is planned. But for those that want to participate on a whole other level and where "mission accomplished" can spell big-time profits, it's time to consider buying SPCE stock.InvestorPlace – Stock Market News, Stock Advice & Trading TipsSPCE stock is the publicly-traded version of Sir Richard Branson's Virgin Galactic. The venture's angle on the race to space is commercial tourism. And amid the skepticism and worries, there's stronger reasons to see shares as positioned for huge future success.To be clear, right this second, it isn't a risk asset that's going to be universally appealing. The company's lack of profitability among other metrics investors find useful, is certain to keep many looking the other way. Nevertheless, Virgin Galactic is positioned as the kind of investment that could eventually yield a multi-bagger return. But don't just take my word for it. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure InvestorPlace's Louis Navellier — a guy who knows a thing or two about finding massive ground floor investment opportunities — is on board with SPCE stock. A March recommendation has proven "early," but with his bullish thesis largely intact, today's investors are reasonably at an even stronger advantage. And Louis isn't the only pro bullish on Virgin Galactic.More recently, Matt McCall asked investors to look past the company's recent mixed earnings report and embrace shares as an "excellent spec play."Matt and his research team are upbeat on the stock's prospects after factoring in fine print within the quarterly press release. Those devilish details announced Virgin's Space Act Agreement with NASA to develop high-speed travel technologies that will be used right here on planet Earth. And that could be a very profitable win for the company regardless of what happens in the final frontier.Okay, but how about Richard Branson's sale of 2.6 million shares earlier this month? Top insider selling could be cause for investors to hit pause, instead of the buy button. That would be a mistake though. The sale, which netted in the neighborhood of $500 million and reduced the founder's stake by about 22%, is being used as a lifeline to support his other global and consumer driven businesses hurt by the novel coronavirus. All told, the headline fails to tell the whole story. SPCE Stock Weekly Chart Source: Charts by TradingViewSimilar to most growth stocks in their earliest phase of being introduced to investors, SPCE stock has seen euphoric highs backed by unsustainable optimism followed by "end of times" like bearish behavior. From Amazon (NASDAQ:AMZN) to Netflix (NASDAQ:NFLX) or Nvidia (NASDAQ:NVDA), it has happened to the very best of them.To be fair, the next part of those storied journeys, which delivered massive future returns, is the more difficult task to replicate. But SPCE stock is in position technically right now to begin its own launch higher.Shares are currently in the early stages of a building uptrend after this year's ride into the high heavens and crash back down to earth. What makes a purchase today more interesting is that the stock has pulled back fairly hard the past couple weeks from its own ubiquitous novel coronavirus bottom to form a new, but possibly questioned pivot low.The chart above details how last week's pivot undercut a low in April. It's certain to have raised a flag or two for some investors. More importantly, shares have now confirmed a new modestly lower low without failing the initial pattern on a closing basis. Along with a bullish stochastics crossover inside oversold levels, I'm optimistic of Virgin Galactic's chances for a sustainable rally from here.Today's forecast is calling for a price target that breaks above the 38% retracement level, which acted as resistance earlier this month. Specifically, I'm looking for shares to reclaim the 50% to possibly 62% levels in the second half of 2020.But don't expect an easy ride, even if the outlook proves correct. A rally is also very likely to remain bumpy, counterproductive at times and able to knock the best stop losses out of contention. With that in mind, one favored way to position for your own potential multi-bagger with vastly reduced and limited risk is the Oct $23 / $30 bull call spread for about $1.15. This also requires much less from SPCE stock.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post How to Ride a Multi-Bagger Opportunity in Virgin Galactic Stock appeared first on InvestorPlace.

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  • 31M have or plan to withdraw from retirement due to COVID-19: survey

    31M have or plan to withdraw from retirement due to COVID-19: surveyBankrate.com released a survey noting that 31 million Americans have or plan to tap into their retirement savings because of the COVID-19 pandemic. Joining The Final Round to discuss the survey further is Bankrate.com’s Chief Financial Analyst Greg McBride.

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  • Alibaba Stock Bulls Shouldn’t Sweat Delisting

    Alibaba Stock Bulls Shouldn’t Sweat DelistingAlibaba (NYSE:BABA) stock investors just can't seem to catch a break. Between the trade war, the novel coronavirus and now fears over a potential U.S. delisting, the stock has been bombarded with negative headlines over and over.Source: Kevin Chen Photography / Shutterstock.com None of these headlines have anything directly to do with the company or its business. And it's likely none of them will ultimately have any impact on the company's long-term valuation.The Holding Foreign Companies Accountable Act requires all companies listed on U.S. exchanges to certify "they are not owned or controlled by a foreign government." In addition, these companies would be delisted if their auditors aren't certified by the Public Company Accounting Oversight Board after three consecutive years of inspection. And the bill specifies that companies can't simply delist from the Nasdaq or the NYSE and trade on the OTC market as a loophole.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * 7 Red-Hot Biotech Stocks Racing to Develop a Coronavirus VaccineI am a Alibaba stock investor. I will also be the first to admit that the company most certainly operates under the influence of the Chinese government. But I don't see a potential U.S. delisting as a problem for several reasons. Delisting Alibaba Stock Is Likely a BluffIt's election year. There's a lot of anger in the world about Covid-19. Some people argue that China is rightfully to blame for allowing conditions in wet markets that are conducive to viral mutations. Others argue that blaming Chinese culture for the virus is judgmental and even racist. But between the virus, the trade war, and fraudulent U.S.-listed Chinese companies like Luckin Coffee (NASDAQ:LK), there's a lot of hostility toward China these days among U.S. voters.In other words, going after Chinese stocks is low-hanging fruit for politicians. Passing some financial crackdown law on Chinese companies is an easy way for politicians to appear "tough on China," whatever that means. Meanwhile, I doubt even President Donald Trump actually cares about protecting investors. I think he cares about winning the trade war, and this crackdown is his latest leverage. Delisting May Be DifficultLet's assume Congress passes the bill and regulators actually attempt to enforce it. It may be more difficult to gain access to Alibaba's accounting than it seems. Americans actually own shares of Alibaba Group Holding Corp, not Alibaba itself. Alibaba stock represents shares of a variable interest entity (VIE) that is headquartered in the Cayman Islands, not China. So the VIE is listed in the U.S., not Alibaba itself. See what I'm getting at?I'm sure the company has made sure the VIE's accounting as clean as a whistle. I'm not a lawyer or an accountant. But I could easily see how trying to access the company's accounting through the VIE could be difficult. It might even be virtually impossible.Alibaba launched a dual listing in Hong Kong just last year. That gives the company flexibility that other Chinese companies may not have.For example, if U.S. regulators ultimately delist Alibaba stock, it won't happen overnight. Investors may simply be able to transfer their shares to a U.S. broker that allows trading in Hong Kong stocks and covert to Hong Kong shares. They may also receive cash for their shares for a valuation roughly in-line with the company's Hong Kong valuation. Alibaba May Simply ComplyBut potentially the most likely outcome is that nothing at all happens to Alibaba stock. Alibaba CFO Maggie Wu recently told investors that the company has been an SEC filer since 2014. She said the company stands behind the integrity of its accounting."Alibaba's financial statements are prepared in accordance with U.S. GAAP and since our inception in 1999, we have been audited by PwC Hong Kong, PwC Hong Kong is the local affiliate of the worldwide PwC's firm, and its auditing standards are overseen by the PwC national office in the United States," Wu said.In fact, the company was reportedly investigated by the SEC back in 2016 for its accounting practices. Nothing major seemed to come to light as a result of that investigation.U.S. investors seem to assume all Chinese numbers are illegitimate. But if the company actually does want to comply and remain listed in the U.S., maybe the new law will finally help eliminate much of the valuation gap between it and Amazon.com (NASDAQ:AMZN).The delisting news has rattled Alibaba stock, even though the company keeps putting up one impressive quarter after another. Traders should expect more weakness in the near term until the market gets more clarity about the situation.However, at this point, the new compliance requirements could easily turn out to be as much of a blessing as a curse for Alibaba stock in the long term.Wayne Duggan has been a U.S. News & World Report Investing contributor since 2016 and is a staff writer at Benzinga, where he has written more than 7,000 articles. Mr. Duggan is the author of the book Beating Wall Street With Common Sense, which focuses on investing psychology and practical strategies to outperform the stock market. As of this writing, Wayne Duggan was long BABA. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Alibaba Stock Bulls Shouldn't Sweat Delisting appeared first on InvestorPlace.

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