قالب وردپرس درنا توس
Home / Technology / Apple (AAPL) removes 46,000 apps from China App Store

Apple (AAPL) removes 46,000 apps from China App Store



TipRanks

3 “Strong Buy” stocks set for monster growth in 2021

We have turned a new page in the calendar, Old Man ’20 is out the door, and there is a feeling that ’21 is going to be a good year – and so far, so good. The markets ended 2020 with modest increased gains to offset larger annual gains. The S&P 500 increased by 1

6% during the corona crisis year, while the NASDAQ with its heavy technology representation showed an impressive annual gain of almost 43%. The emergence of two viable COVID vaccines promotes an increase in general optimism. Wall Street’s biggest analysts have taken a look at the stock markets and found the gems that investors should take seriously in the new year. These are analysts with 5-star ratings from the TipRanks database, and they point to equities with Strong Buy ratings – in short, this is where investors can expect to find growth in equities over the next 12 months. We are talking returns of at least 70% over the next 12 months, according to analysts. ElectraMeccanica Vehicles (SOLO) Electric vehicles, EVs, are becoming increasingly popular as consumers look for alternatives to the traditional internal combustion gasoline engine. While electric cars only move the combustion source from under the hood to the electric power plant, they offer real benefits to drivers: they provide greater acceleration, more torque, and they are more energy efficient and convert up to 60% of battery energy. moving forward. As EV technology improves, these benefits begin to outweigh the disadvantages of shorter range and expensive battery packs. ElectraMeccanica, a small cap manufacturer from British Columbia, is the designer and marketer of Solo, a single-seat, tricycle EV built for the urban commuter market. Technically, the Solo is classified as an electric motorcycle – but it is completely closed, with a door on each side, has luggage compartment, air conditioning and a Bluetooth connection, and travels up to 100 miles on a single charge at speeds up to 80 miles per hour . Charging time is low, less than 3 hours, and the vehicle is priced at less than $ 20,000. As of the third quarter of 2020, the company delivered its first shipment of cars to the United States and expanded to another six U.S. urban markets, including San Diego. , CA and Scottsdale and Glendale, AZ. ElectraMeccanica also opened four new store fronts in the United States – 2 in Los Angeles, one in Scottsdale and one in Portland, OR. In addition, the company has started designing and marketing a fleet version of Solo to target the market for commercial fleets and car rental from the first half of this year. Craig Irwin, a 5-star analyst with Roth Capital, is impressed with SOLO’s possible applications to the fleet market. He writes about this opening, “We believe the pandemic is a tailwind for fast food chains exploring better delivery options. Chains seem to avoid third-party delivery costs and balance the brand’s identity implications of operator- or company-owned vehicles. SOLO’s 100-mile range, low operating costs and standard telematics make the car fit well, in our view, especially when location data can be integrated into the chain’s kitchen software. We would not be surprised if SOLO made a couple of announcements with large chains after customers had validated plans. Irwin puts a Buy rating on SOLO, supported by its $ 12.25 price target, which means a 98% upside potential for the stock in 2021. (To see Irwin’s track record, click here) Speculative technology is popular on Wall Street , and ElectraMeccanica fits that bill well. The company has 3 recent reviews, all of which are Buys, making analyst consensus a unanimous Strong Buy. The stock is priced at $ 6.19 and has an average target of $ 9.58, making it one year upside 55%. (See SOLO stock analysis on TipRanks) Nautilus Group (NLS) Based in Washington State, this fitness equipment manufacturer has seen a massive stock gain in 2020, when stocks rose more than 900% during the year, even counting on recent stock market declines . Nautilus achieved as the social closure policy took hold and gyms were closed to stop or slow down the spread of COVID-19. The company, which owns major home fitness brands such as Bowflex, Schwinn and the eponymous Nautilus, offered home-based fitness enthusiasts the equipment they need to stay in shape. The share price accelerated in 2H20, after the company’s income showed an improvement from losses in the first quarter. due to the ‘coronary recession’. In the second quarter, the top line hit $ 114 million, up 22% in order; in the 3rd quarter, revenues reached $ 155, for a continuous gain of 35% and a massive gain of 151% from the previous year. Earnings were equally strong, with the third quarter result of $ 1.04 beating well over last year’s 30 percent loss. Seeing this stock for Lake Street Capital is 5-star analyst Mark Smith, who is bullish on this stock. Smith is particularly aware of the recent decline in the share price, noting that the stock is now off the top – making it attractive to investors. “Nautilus reported blowout results for Q3 20 with strength across the entire portfolio … We believe the company has orders and backlogs to increase high sales and earnings in the coming quarters, and we believe we have seen a fundamental shift in consumer home training. behavior. We will look at the recent withdrawal as an opportunity to buy, “said Smith. Smith’s $ 40 target supports his Buy rating, indicating a robust 120% upside in one year. (To view Smith’s track record, click here) The unanimous Strong Buy consensus assessment shows that Wall Street agrees with Smith on Nautilus’ potential. The stock has 4 recent reviews and all are for sale. Stocks ended 2020 at a price of $ 18.14, and the average target of $ 30.25 suggests that the stock has room for ~ 67% up-growth in 2021. (See NLS stock analysis on TipRanks) KAR Auction Services (KAR) Last but not least is KAR Auction Services, a car auction company, which operates online and physical marketplaces to connect buyers and sellers. KAR sells to both business buyers and individual consumers, and offers cars for a number of uses: commercial fleets, private travel, even the other part of the market. In 2019, the last year available year-round, KAR sold $ 3.7 million worth $ 2.8 billion in total auction revenue. The ongoing corona crisis, with its social lock-in policy, put a damper on car travel and reduced demand for used cars across market segments. KAR shares fell 13% in 2020, in a year of volatile trading. In the latest 3Q20 report, the company showed revenue of $ 593.6 million, a decrease of over 15% the year before. However, earnings in the third quarter, with 23 cents per share surplus, were lower, 11% annually, and showed a strong sequential recovery from the second quarter loss of 25 cents. As the new vaccines promise an end to the COVID pandemic later this year. , and the lifting of locks and local travel restrictions, the prospects for used car markets and for KAR Auctions are shining between and long-term, according to Truist analyst Stephanie Benjamin. The 5-star analyst noted: “Our estimates now assume that the volume recovery will take place in 2021 against 4Q20 below our previous estimates … Overall, we believe the 3Q results reflect that KAR is well executed on the initiatives within its control, in particular improving the cost structure and transforming to a pure digital auction model. “Looking further ahead, she adds,”… difficulties and defaults on car loans and leases have increased, and we believe will serve as a meaningful volume of tailwinds in 2021 when repo activity resumes. In addition, repo vehicles generally require additional services such as This supply should also help moderate the used pricing environment and get dealers to fill their batches, which remain at a three-year low from a stock point of view. ”In line with these comments, Benjamin sets a price target of $ 32. which implies a high 71% one-year up-potential for the share, and considers KAR as a purchase. (To see Benjamin’s track record, click here) Wall Stre one is generally willing to speculate on KAR’s future, as indicated by recent reviews, which split 5 to 1 Buy to Hold, and makes the analyst agree to see a Strong Buy. KAR sells for $ 18.61, and its average price target of $ 24.60 suggests that it has room to grow 32% from that level. (See KAR stock analysis on TipRanks) To find great ideas for stocks that trade at attractive valuations, visit TipRanks ‘Best Aks to Buy, a recently launched tool that unites all of TipRanks’ equity insights. Disclaimer: Opinions expressed in this article are solely those of the selected analysts. The content is for informational purposes only. It is very important to do your own analysis before making an investment.


Source link