20 electric vehicle stocks besides Tesla and Nio that analysts expect to rise the most over the next year. McKesson Stock May Be the Real Covid Vaccine Winner. The acquisition burnished his reputation as a dealmaker, but Li borrowed $12 billion from more than 30 banks to fund the purchase. (To watch Fuhrman’s track record, click here)Backing his stance, Fuhrman wrote, “We believe the company’s focus on high value plant-based foods and beverages should command a premium valuation with opportunities for upside to estimates as the economy recovers from COVID.”In large part, Fuhrman’s optimism is based on SunOpta’s niche. The two are entering a crowded space where potential targets are being acquired quickly. When the dot-com bubble burst, PCCW’s shares plunged. I’m 63, my husband is 70, we’ll have $90,000 a year in retirement — how can we claim our Social Security benefits? (See STKL stock analysis on TipRanks)Green Brick Partners (GRBK)One bright spot in the economy this past year has been the home construction industry. The US elections have returned a divided government, one unlikely to have the broad majorities – or the broad support – needed to enact wide-ranging reform legislation from either the right or left, and that bodes well for the economy generally.The COVID vaccines are entering distribution, and while new anti-virus lockdowns are also getting set in place, there’s a feeling that the end of the pandemic may be near. Earnings came in at 87 cents per share, up from 71 cents in Q2 and 36 cents in Q1.The calendar third quarter was Micron’s 4QFY20, and the full fiscal year showed a decline due attributed to the COVID pandemic. But he also had a very good start.” Share sale. The content is intended to be used for informational purposes only. “But the most important thing is how much investors trust the M&A capability of the blank-check companies’ founders.”. As with other SPAC merger news, investors always appreciate that the potential merger target has institutional backing. Shares are priced at $70.96, and recent appreciation has pushed them almost to the $74.30 average price target. Billionaire Richard Li Teams Up With Peter Thiel On SPAC Bet December 3, 2020 Asia Pacific Daily News Top Stories Uncategorized Billionaire Richard Li, who broke away from his famous father Li Ka-shing decades ago to build his own business empire, is taking a page out of his dad’s playbook by further expanding outside Hong Kong. 2020 has been a year of monster gains for individual stocks, with companies like Tesla seeing a triple-digit rise. Amid months of anti-Beijing protests last year, Li was weeks behind some other tycoons, including his father, in issuing a personal statement calling for the resumption of social order. We continue to believe that Western Digital can drive to a ~$7/sh.+ mid-cycle EPS story; however, we continue to think a key driver of this fundamental upside will not only be a recovery in the NAND Flash business, coupled with WD’s ability to see improved execution in enterprise SSDs, but also a continued view that WD’s HDD gross margin can return to a sustainable 30%+ level,” Rakers opined.To this end, Rakers rates WDC a Buy along with a $65 price target. Congress passed the relief bill on Monday and it awaits President Donald Trump gave into his misgivings over the relatively modest sign of the stimulus, among other concerns, and on Sunday signed the massive pandemic-aid bill, averting a government shutdown in the process. According to Raker, some chip companies will show significantly higher growth, on the order of 30% to 40% in year ahead. DRAM accounts for approximately two-thirds of Micron’s revenue and over 80% of the company’s bottom-line profits.” In addition, Rakers notes “Micron’s technology execution – 1Znm DRAM leadership; recently outlined 1αnm ramp into 2021, as well as Micron’s move to 176-Layer 2nd -gen Replacement Gate 3D NAND to drive improved cost curve. Before it's here, it's on the Bloomberg Terminal. Li has a stake in both. During the dot-com bubble, Li’s Pacific Century CyberWorks Ltd., now PCCW Ltd., became the largest internet company in Asia outside Japan by market value. It is very important to do your own analysis before making any investment. Revenue came in at $21.44 billion, down 8.4% year-over-year, and operating cash flow fell to $8.31 billion from $13.19 billion in FY19. “Richard Li’s ability, characteristics and vision are top-notch. AMD’s roadmap execution would remain an important focus – 7nm+ Ryzen 4000-series, new RDNA Radeon Instinct data center GPUs (MI100 / MI120), and the 3 rd -gen 7nm+ EPYC Milan CPUs…”Rakers’ stance supports his Buy rating, and his $120 price target implies a 30% one-year upside to the stock.The Moderate Buy analyst consensus view on AMD reflects some residual Wall Street caution. Part of the bank’s management committee in Europe, she’s overseen the fast-growing areas of environmental, social and governance and impact investing.Prior to joining the asset-management unit, she worked in various roles in the equities division, including as co-head of distribution in Asia and head of U.S. derivatives sales.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. (See WDC stock analysis on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Just in case readers are not following Alibaba closely, the U.S. ADRs peaked at $319.32 in late October, and closed at an even $222 on Christmas Eve, down 13% for the half session. Will my stimulus reduce my tax return? But as Rakers’ outlook suggests, there may be more than just 4.5% upside available here. Poised to Clear Astra Shot as Need for Vaccines Grows, S&P 500 Climbs to Record as Investors Cheer Aid: Markets Wrap. AMD shares have shown solid growth this year, and are up 101% as 2020 comes to a close.The share growth rides on the back of steady revenue gains since the corona crisis peaked in Q1. Citic Capital, meanwhile, launched a SPAC in February. It is seeking to raise $575 million. Since last year, the younger Li has stepped up investment in Southeast Asia, agreeing to pay $3 billion for a Thai insurance business and extending his insurance operations in Vietnam and Indonesia. The company invests in real estate, primarily land, and then provides plots and construction financing for the development projects.The spread of the suburbs – not just in this COVID year, but as a general trend, has been good to Green Brick. Earnings, at 37 cents per share, were up 220% year-over-year. A representative for Li declined to comment. That’s more than half the total raised by SPACs in all previous years, the data show. The analyst noted, “We expect plant-based food stocks to command a premium valuation to other food companies for the foreseeable future given faster growth trends and compelling environmental benefits. Thiel and Hong Kong scion Richard Li are backers of Bridgetown Holdings Ltd. ... are investors in Tokopedia, an Indonesia e-commerce company. The stock’s 20 recent reviews include 13 Buys, 6 Holds, and 1 Sell. (See AMD stock analysis on TipRanks)Western Digital Corporation (WDC)Closing out the Wells Fargo picks on this list is Western Digital, a designer and manufacturer of memory systems. [NEW YORK] Bridgetown Holdings, the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia's e-commerce giant PT Tokopedia, according Thiel-backed Bridgetown SPAC weighs up to US$10b Tokopedia deal, Garage - THE BUSINESS TIMES Confusion and myths about the second stimulus, Goldman’s Sheila Patel, Chairman of $1.8 Trillion Manager, to Retire. Stock market news live updates: Stocks rise after Trump signs virus relief package, S&P 500 Climbs to Record as Investors Cheer Aid: Markets Wrap, U.S. government appeals judge's order blocking TikTok restrictions, Mastercard’s Steve Sadove on U.S. holiday retail sales: Growth in online sales made Amazon a 'major winner', WRAPUP 2-EU's marathon COVID vaccination drive off to uneven start, Congress is giving you a new stimulus check — here's when to expect it, Is my stimulus check taxable income? It will certainly be something to celebrate, and that you’ve already figured out what your retirement income will be is a great start. Bridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia’s e … FWD has chosen Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley to work on a share sale that could raise as much as $3 billion, people familiar with the matter said in September. We would also highlight Micron’s execution on graphics memory (e.g., GDDR6X), Multi-Chip Packages (MCPs), and High-Bandwidth Memory (e.g., HBME2) as positives.”In line with these comments, Rakers rates Micron shares a Buy, along with a $100 price target. SunOpta (STKL)The first stock on this growth list is a health snack company, SunOpta. But he also had a very good start.”. (To watch Latimore’s track record, click here)Over the past 3 months, two other analysts have thrown the hat in with a view on the video tech company. Time will tell how successful these overseas expansions will be, whether they’re a wise diversification away from Hong Kong, and whether the SPAC model is here to stay. Still, AMD has a solid position in the industry, and its x86 processors provide stiff competition for market-leading Intel (INTC). Out of 11 analysts tracked in the last 3 months, 7 are bullish, while 4 remain sidelined. A SPAC backed by LinkedIn Corp. co-founder Reid Hoffman and Zynga Inc. founder Mark Pincus raised $600 million in an IPO last week. The stock is up an impressive 328% this year, far outpacing the general markets. This figure suggests room for 41% growth in 2021. Trade Desk has had an amazing finish to 2020, rising from 400 to above 900. Alibaba Group is on the ropes. Have a confidential tip for our reporters? The company’s line of products includes plant-based beverages, fruit-based snacks, broth and stocks, teas, and sunflower and roasted snacks. This year, 109 SPACs have raised more than $40 billion in initial public offerings on U.S. exchanges, according to data compiled by Bloomberg. Backed by Asian tycoon Richard Li and San Francisco billionaire Peter Thiel, some $595 million was raised for Bridgetown in an October public offering. Gilead Sciences is pushing deeper into cancer and hepatitis drug with acquisitions in 2020. This figure implies a one-year upside of 40% from current levels. He founded Pacific Century Group the same year and eventually resigned as deputy chairman of his father’s Hutchison Whampoa Ltd. in 2000. Partly to pare debt, Li sold 20% of the company’s stock in 2005 to state-owned China Network Communications Group Corp., which was later acquired by China Unicom Hong Kong Ltd. The troubles surrounding PCCW brought some tensions within the Li family into public view. (To watch Rakers’ track record, click here)Micron has 24 recent reviews on record, breaking down to 19 Buys, 4 Holds, and 1 Sell, and giving the stock a Strong Buy from the analyst consensus. At the same time, Li has been careful not to offend the Chinese government. The general macro headwinds are turning into video niche tailwinds, as noted by Northland Capital analyst Michael Latimore. “I don’t think there is anything wrong with being rebellious if it contributes to society,” Li said of breaking away from his father in a 2018 fireside chat at the University of Hong Kong.

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