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- AlphaCredit© enters into an agreement to raise up to USD$125 million from an investor group led by SoftBank's Latin America Fund
AlphaCredit©, a Latin American-focused FinTech platform that specializes in consumer lending and financial solutions for SMEs, has signed an equity round for up to USD$125 million led by SoftBank's Latin America Fund, one of the leading technology investors in the world. The equity infusion will allow AlphaCredit© to consolidate its place as one of the leading financial technology platforms in Latin America, continue its expansion and leverage the competitive advantages of its proven and profitable business model. The deal is subject to, among certain customary conditions to closing, the approval of Mexico's competition authority (COFECE) and certain third parties.
- A Closer Look At CDW Corporation's (NASDAQ:CDW) Impressive ROE
- Estimating The Intrinsic Value Of Clarivate Analytics Plc (NYSE:CCC)
- Does SSR Mining Inc.'s (TSE:SSRM) CEO Pay Compare Well With Peers?
- Does First National Corporation (NASDAQ:FXNC) Have A Good P/E Ratio?
- Need To Know: New Gold Inc. (TSE:NGD) Insiders Have Been Buying Shares
- Should You Be Impressed By CBRE Group, Inc.'s (NYSE:CBRE) ROE?
- Why You Should Leave Mullen Group Ltd. (TSE:MTL)'s Upcoming Dividend On The Shelf
- Here's What New Look Vision Group Inc.'s (TSE:BCI) P/E Ratio Is Telling Us
- Should You Be Worried About Cardtronics plc's (NASDAQ:CATM) 8.5% Return On Equity?
- What You Must Know About CASI Pharmaceuticals, Inc.'s (NASDAQ:CASI) Beta Value
- 3 Monster Growth Stocks That Are Ready for the Next Leg Higher
At the end of the day, investors want to see returns. To accomplish this goal, seasoned Wall Street observers often turn to one strategy time and time again: growth investing. A solid growth play is a name that appears poised to not only grow at an above-average rate but also reward investors handsomely over the long run.Rolling up their sleeves, investors are pounding the Wall Street pavement in search of the tickers with impressive long-term growth prospects. However, having a target in mind is one thing, but zeroing in on these stocks primed for stellar gains in the coming years is another story entirely. This task also isn’t made any easier by the fact that 2019 saw the S&P 500 post its largest yearly gain since 2013, closing the year up 29% and starting out 2020 with an increase of 2%.Luckily, TipRanks, a company that tracks and measures the performance of analysts, can lend investors a hand. After using the platform’s Stock Screener tool during our own search, we were able to unmask 3 Buy-rated stocks flagged by the analysts for their strong long-term growth narratives. On top of this, each boasts substantial upside potential from the current share price.Here’s the full scoop.Global Blood Therapeutics Inc. (GBT)Global Blood Therapeutics is focused on developing treatments for underserved patient communities. With one therapy for sickle cell disease, a group of disorders that impacts hemoglobin in blood cells, already approved and another candidate for the disease in development, some analysts believe that its 94% gain in 2019 is just the beginning.Back in November, the company got some good news when the FDA granted its lead candidate, Oxbryta, accelerated approval for use in adults and children 12 years and older with sickle cell disease based on the results of the pivotal Phase 3 HOPE study. In the study, the drug was able to produce a rapid, potent and durable improvement in hemoglobin. With the ruling coming three months before the original PDUFA date, it’s no wonder Wall Street pros are excited. To top it all off, the label for Oxbryta is clean and broad, and the therapy can be administered alone or in combination with hydroxyurea.H.C. Wainwright’s Debjit Chattopadhyay does remind investors that the company is still required to continue the HOPE-KIDS 2 study to demonstrate decreased risk of stroke in children 2 to 15 years old. That being said, the four-star analyst expects the results to be similar to the HOPE Phase 3 program findings. “Additionally, because the HOPE-KIDS 2 study is enrolling patients as young as 2 years of age, data could be leveraged for label expansion to treat patients under 12,” Chattopadhyay commented.As the analyst sees the drug’s U.S. sales reaching $1.2 billion in 2024, it makes sense that he reiterated both a Buy rating and $150 price target. Should the target be met, shares could be in for a 105% twelve-month gain. (To watch Chattopadhyay’s track record, click here)Like Chattopadhyay, Wedbush analyst Liana Moussatos takes a bullish approach. With no price increases expected for three years and little to no competition anticipated from Novartis’ recently released ADAKVEO antibody treatment for sickle cell disease, the analyst thinks the market opportunity is large. Bearing this in mind, she bumped up the price target from $120 to $143 in addition to maintaining her bullish call. (To watch Moussatos’ track record, click here)In terms of the rest of the Street, a majority of analysts also see GBT as a Buy, 13 out of 16 to be exact. As a result, the consensus rating is a Strong Buy. Given the $102.20 average price target, the upside potential lands at 40%. (See Global Blood Therapeutics stock analysis on TipRanks) Zynga Inc. (ZNGA)Zynga is best known for being the force behind wildly popular games such as “Words With Friends”, “Empires & Puzzles” and “Merge Dragon”. After posting an impressive 70% climb in 2019, does the video game developer still have more fuel left in the tank?According to SunTrust Robinson’s Matthew Thornton, the answer is yes. In his initiation note, the analyst points out that the already large gaming market, which was worth about $83 billion in 2019, is still expanding, with a 5-year 2018-2023 CAGR of 9.9%. He tells investors the companies that can prosper in this competitive and fragmented environment will be those with platform-exposure to the market, publishers with unique franchises or IP, network scale and ability to fund and execute robust live services, pipeline development and M&A. Based on this, Thornton has high hopes for ZNGA.“ZNGA provides pure-play exposure to the large and fast growing global mobile gaming market with a growing (31% pro forma in 3Q19, driven by Merge Dragons and Empires & Puzzles) and diversified existing game portfolio and highly experienced management team and Board. In addition to a healthy existing portfolio, ZNGA has a strong pipeline (at least 7 games, including FarmVille, Harry Potter, Star Wars, Game of Thrones, and others) as well as a strong balance sheet and acquisition track record to augment organic growth with M&A in what is a highly fragmented market,” he wrote.Taking all of this into consideration, the four-star analyst puts the 2-year 2019-2021 revenue and EBITDA CAGR at 13% and 18%, respectively. Not to mention the company is also expected to surpass consensus estimates over the next few years.In line with his bullish thesis, Thornton started his ZNGA coverage with a Buy recommendation. In addition, he set a $7.50 price target, indicating that shares could surge 23% in the next twelve months. (To watch Thornton’s track record, click here)Looking at the consensus breakdown, 6 Buys, 1 Hold and 1 Sell published in the last three months add up to a Moderate Buy. With a $7.50 average price target, the upside potential matches Thornton’s forecast. (See Zynga stock analysis on TipRanks) FTI Consulting, Inc. (FCN)Operating as a global business advisory firm, FTI Consulting offers its clients transactional, operational, financial, legal and reputational services. In 2019, the company saw shares climb 66% higher, and one analyst is betting that this run can continue in 2020.SunTrust Robinson’s Tobey Sommer argues that for the first time in its history, FTI has created a sustainable organic growth firm that constantly adds new employees so that it can offer “adjacent services”. Among these new services are business transformation, public affairs, cyber and global construction disputes. “We believe that FCN should be able to hire a steady stream of experienced talent from Big 4 accounting firms in Europe who are worried that emerging regulatory scrutiny will conflict them out of work from key relationships,” he noted.Additionally, Sommer cites several key upcoming catalysts as putting FCN on an upward trajectory. He thinks that fourth quarter revenue and EBITDA should beat the Street’s estimates, with the midpoint for initial 2020 guidance falling in line with expectations.He added, “From the initial guidance, we expect material upside results throughout the year propelled by headcount growth (year-over-year consultant headcount rose 17% in 3Q19), pricing could increase above trend and regulatory investigations into global tech firms could drive antitrust work.”It’s no surprise, then, that the five-star analyst stayed with the bulls, leaving the Buy rating unchanged. If that wasn’t enough, he gave the price target a boost, increasing the figure from $130 to $155. This bolstered target conveys his confidence in FCN’s ability to jump 31% in the twelve months ahead. (To watch Sommer’s track record, click here)When it comes to other analyst activity, it has been relatively quiet on Wall Street. As Sommer is the only analyst that has reviewed FCN recently, the word on the Street is that the stock is a Moderate Buy. The average price target and upside potential are also the same as the SunTrust Robinson analyst’s. (See FTI Consulting stock analysis on TipRanks)
- We're Hopeful That Cabaletta Bio (NASDAQ:CABA) Will Use Its Cash Wisely
- First Financial Bankshares, Inc. Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?
- Does BroadVision, Inc.'s (NASDAQ:BVSN) CEO Pay Reflect Performance?
- Is Brixmor Property Group Inc. (NYSE:BRX) Excessively Paying Its CEO?
- Renault Prepares for New CEO Ahead of Crucial Alliance Meeting
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Renault SA could name a new chief executive officer ahead of a crucial meeting in Japan on Thursday aimed at showing that the deeply-troubled alliance with Nissan Motor Co. and Mitsubishi Motors Corp. is moving past the Carlos Ghosn era.The French carmaker’s board gave the green light for Luca de Meo to become the new CEO, Le Parisien reported Sunday, without saying where it got the information. A spokesman for Renault declined to comment.The Italian, who rose through the ranks at Volkswagen AG to run its Spanish brand SEAT, has been the front-runner for months. The executive, who recently stepped down as chairman of SEAT, is “probably in talks with Renault,” VW CEO Herbert Diess said last week in Davos. Without confirming his name, Renault Chairman Jean-Dominique Senard has said an announcement could come within days.The stakes are high for Renault and its partnership with the two Japanese carmakers. A year after Senard replaced Ghosn -- who was arrested in 2018 in Tokyo on charges of financial misconduct -- the Renault chairman is trying to draw a line under turmoil that nearly broke the two-decade-old alliance. He has said a series of measures will be unveiled at an alliance meeting at the end of the month to deepen operational ties between the manufacturers.The board of the alliance will decide on new and common projects as the partnership is moving toward greater convergence of platforms and technology in the face of the massive investment needed to develop new cars, Senard said earlier this month.Read more: Renault-Nissan Alliance Being Rebuilt After Carlos Ghosn EraGhosn held the partnership together for years despite a lopsided shareholding relationship favoring Renault that was put in place when Nissan was financially ailing. His arrest brought resentment between the companies to the surface. Senard has said changes in top management have eased the tension.The French carmaker owns 43% of Nissan, with full voting rights, while the Japanese company holds only a 15% stake in Renault and lacks the ability to vote. Ghosn has denied the Japanese charges and at the end of last year, fled to Lebanon, where he has mounted a media campaign to clear his name and lob criticism at Renault and Nissan.The companies are facing an industry slump at the same time as they are under pressure to spend heavily on electric cars. Investors don’t yet understand “the enormity of the challenges facing Renault, despite the shares trading at the lowest levels since 2012,” Citigroup’s Angus Tweedie said in a note last week as he downgraded the manufacturer to sell.To contact the reporter on this story: Tara Patel in Paris at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Palazzo at email@example.com, Lars Paulsson, Kasper ViitaFor 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.
- The Wuhan coronavirus could blow up the game China's been playing with its economy for years
- Is Bloom Energy Corporation (NYSE:BE) Trading At A 44% Discount?
- Here's How P/E Ratios Can Help Us Understand Chicago Rivet & Machine Co. (NYSEMKT:CVR)
- Don't Race Out To Buy Morneau Shepell Inc. (TSE:MSI) Just Because It's Going Ex-Dividend
- Renault, Nissan chief engineers to meet, revive R&D projects: sources
engineering boss will meet his counterpart at Nissan <7201.T> in Japan this week, two sources close to Renault said, as the carmakers seek to revive projects crucial to an alliance left reeling by the Carlos Ghosn affair. Analysts say that in order to turn investor sentiment around, the firms need to make good on cost-saving joint engineering projects that have slowed since Ghosn's departure. According to the two sources, Gilles Le Borgne, who was hired on Jan. 6 from rival automaker PSA , will meet Nissan's Tsuyoshi Yamaguchi, the Nissan executive in charge of delivering the joint engineering projects.
- Calculating The Intrinsic Value Of Becton, Dickinson and Company (NYSE:BDX)
- Estimating The Fair Value Of Avery Dennison Corporation (NYSE:AVY)
- CVB Financial Corp. Just Released Its Annual Results And Analysts Are Updating Their Estimates
- With EPS Growth And More, Arista Networks (NYSE:ANET) Is Interesting
- Pompeo says NPR host 'lied' and mistook Bangladesh for Ukraine but doesn't dispute he cursed at her
- Here's What Allegion plc's (NYSE:ALLE) P/E Is Telling Us
- Lessons learned from 2016, but US faces new election threats
It’s been more than three years since Russia's sweeping and systematic effort to interfere in U.S. elections through disinformation on social media, stolen campaign emails and attacks on voting systems. U.S. officials have made advances in trying to prevent similar attacks from undermining the 2020 vote, but challenges remain. THEN: U.S. intelligence agencies say Russia was the only nation that significantly interfered in the 2016 election.
- Insider Buying: The Azimut Exploration Inc. (CVE:AZM) Independent Director Just Bought CA$87k Worth Of Shares
- Does Adamas Pharmaceuticals, Inc. (NASDAQ:ADMS) Have A Particularly Volatile Share Price?
- Taking A Look At Agree Realty Corporation's (NYSE:ADC) ROE
- Here's Why I Think Accenture (NYSE:ACN) Might Deserve Your Attention Today
- ConnectOne Bancorp, Inc. Just Released Its Full-Year Results And Analysts Are Updating Their Estimates
- Middle East Stock Markets Fall as Coronavirus Spreads: Inside EM
(Bloomberg) -- Most Middle Eastern equity gauges dropped at the start of the trading week, following losses in global markets on Friday as the coronavirus emanating from China spread.Saudi Arabian stocks fell the most among Gulf peers. Energy giant Aramco traded at its lowest level on a closing basis since its listing in Riyadh during the session but pared some of the losses at close. The world’s most profitable company dropped 0.4% to 34.30 riyals.“There might be more to this downward trend” globally, Ali Malik, an investment adviser at Bank of Singapore Ltd., said in a Bloomberg TV interview on Sunday. But past viral outbreaks have shown that “as soon as the new instances stop getting reported, we see a bounce back,” he said.MIDDLE EASTERN MARKETS:Saudi Arabia’s Tadawul All Share Index slipped 0.7%Saudi Basic Industries -1.2%; Al Rajhi Bank -0.6%Dubai’s main index dropped 0.6% while Abu Dhabi’s ADX General Index declined 0.3%Emirates NBD was the biggest contributor to the loss in the DFM General Index as it slipped 0.7%, the most in six daysREAD: Emirates NBD Sells NMC Stake Weeks After Muddy WatersKuwait’s stock market fell 0.5% while the QE Index in Doha dropped 0.4%Israel’s main index is down 1% as of 2:20 p.m. local time, the most in the region, ahead of U.S. President Donald Trump’s planned release of a Middle East peace proposalEarnings ahead: Emirates NBD, First Abu Dhabi Bank and Dubai Islamic Bank are expected to report earnings in the U.A.E. this week, while Sabic and Maaden should disclose in Saudi ArabiaTo contact the reporter on this story: Abeer Abu Omar in Dubai at firstname.lastname@example.orgTo contact the editors responsible for this story: Lin Noueihed at email@example.com, Paul Wallace, Sara MarleyFor 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.
- Bridgewater Bancshares, Inc. Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?
- Texas Instruments Incorporated (NASDAQ:TXN) Stock Goes Ex-Dividend In Just 3 Days
- Pfizer Inc. (NYSE:PFE) Looks Interesting, And It's About To Pay A Dividend
- PetMed Express, Inc. (NASDAQ:PETS) Pays A US$0.27 Dividend In Just 4 Days
- Ringing in Brexit? Plans to celebrate UK exit divide country
With Brexit just days away, Britons are fighting over the chimes of Big Ben. As the United Kingdom prepares to leave the European Union on Friday, people are divided over how to mark a historic moment that some are relishing but others are dreading. Britain’s 2016 referendum on EU membership split the country: 52% opted to leave the 28-nation bloc, 48% voted to remain.
- Here's What We Like About Peoples Bancorp Inc. (NASDAQ:PEBO)'s Upcoming Dividend
- Syrian government forces capture towns in advance on rebel-held Idlib
Syrian government forces have taken control of several towns in northwestern Idlib province, a war monitor and Syrian state media reported, amid a renewed push by President Bashar al-Assad to recapture the last rebel stronghold. Hundreds of thousands of people have fled Idlib in recent weeks amid stepped up air strikes by Russian and Syrian forces aimed at clearing the opposition from its last redoubt after almost nine years of civil war. The Syrian Observatory, a war monitor, said on Sunday that six towns in the Idlib countryside had fallen to Syrian government forces in the past 24 hours.
- Results: BankUnited, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
- The Lakeland Industries (NASDAQ:LAKE) Share Price Has Gained 62% And Shareholders Are Hoping For More
- Can Intuitive Surgical, Inc.'s (NASDAQ:ISRG) ROE Continue To Surpass The Industry Average?
- How You Can Find the Best 15-Year Mortgage Rates
- Here's Why We're Wary Of Buying Hallador Energy Company's (NASDAQ:HNRG) For Its Upcoming Dividend
- It Might Be Better To Avoid Hasbro, Inc.'s (NASDAQ:HAS) Upcoming Dividend
- Israel approves travel to Saudi under limited circumstances
Israel on Sunday announced that it would permit Israeli citizens to travel to Saudi Arabia for the first time, under certain conditions that include Israeli entrepreneurs seeking investments, in a signal of warming ties. Israeli Interior Minister Aryeh Deri, after consulting the country's security establishment, issued a statement saying that Israelis would be allowed to travel to Saudi Arabia under two circumstances: for religious reasons on pilgrimage on the haj, or for up to nine days for business reasons such as investment or meetings. Travelers would still need an invitation and permission from the Saudi authorities, the statement said.
- Canadian Tire Corporation, Limited (TSE:CTC.A) Will Pay A CA$1.14 Dividend In 3 Days