One analyst covering the solar-inverter maker $Enphase Energy(ENPH)$ believes it is time for investors to grasp at a “falling knife.” It sounds like a bad idea, but it might not be as dangerous as it sounds.Monday, Raymond James analyst Pavel Molchanov upgraded shares of $Enphase Energy(ENPH)$ to Buy from Hold. He says the price could rise to $225 a share, while he didn’t have a price target when he rated the stock at Hold.The bullish call lifted Enphase stock by about 1.4% to $186.19 in premarket trading on Monday. Futures on the S&P 500SPX +0.89% and Nasdaq CompositeCOMP +0.39% were both down about 0.1%.“We are turning positive on Enphase for the first time since 2013, i.e., ancient history by
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Enphase Stock Gains as Analyst Tries to ‘Catch a Falling Knife’ in Solar Power
Enphase Stock Gains as Analyst Tries to ‘Catch a Falling Knife’ in Solar Power
$Daqo New(DQ)$ Many Chinese stocks have done 2-4X from bottom lows. Probably because of the FUD created by recent poly prices correction. Some of these analysts crooks are talking as if DQ will make losses for years to come but the fact is that DQ is the lowest cost + highest quality producer and will be the last to lose money should things get substantially worse. It will resume upwards journey once poly prices stabilize. This one is lagging but will catch up any time soon.
The Best Singapore Blue-Chip Stocks
Oftentimes, investors tend to look at the past when searching for investment opportunities. Solid track records can provide assurance that a business has done well over time. However, it’s also important to cast an eye to the future to see if the company can continue to grow its business. The same practice applies toblue-chip companiesas well. While many proved resilient in the last two years despite the challenges faced, investors need to tease out those that can continue to do well moving forward. Those that can benefit from newtrendsor latch on to the nascent global recovery are poised to do well. Let’s review some of the best blue-chip candidates. $KEPPEL DC REIT(AJBU.SI)$ The pandemic caused numerous businesses and people to head online, resu
The Best Singapore Blue-Chip Stocks
3 Stocks Traded by the Most Active U.S. Politician on Wall Street
Rohit Khanna, the House Representative from California’s 17th Congressional District, was the most active politician trading in the U.S. stock markets in the past 30 days. The Democrat traded in 147 companies, which included 19 mega U.S. stocks. A close track of his transactions in the past month reveals that the Congressman traded actively in these three mega-cap companies: $Alphabet(GOOGL)$, $Microsoft(MSFT)$, and $Meta Platforms, Inc.(META)$.For prospective investors, it is worth mentioning that shares of GOOGL increased 11.6% in the last 30 days. While MSFT stock rose 15.1% in the past month, META stock advanced 7.3% in the same period.In addition to these techn
3 Stocks Traded by the Most Active U.S. Politician on Wall Street
SIA’s upcoming quarterly update could be ‘positive surprise’
UOB Kay Hian analyst Roy Chen is maintaining his “hold” call for $SINGAPORE AIRLINES LTD(C6L.SI)$, with passenger volume recovering and strong airfares returning.Chen has also kept his target price unchanged at $4.88.“Our target price is pegged to [an] FY2023 P/B of 1.12x, which is 2.0 standard deviation above SIA’s historical average of 0.96x during the pre-pandemic years. SIA’s current price of $5.23 implies an FY2023 P/B of 1.20x,” he says.In his report dated July 14, Chen says SIA, which is scheduled to announce its 1QFY2023 ended June 2022 business update on July 28 after trading hours, is likely to have turned a profit in this past quarter.“We deem the street’s current FY2023 full-year net profit forecast of $316 million, comp
SIA’s upcoming quarterly update could be ‘positive surprise’
Sembmarine Opportunities: Large Order, Renewables Sector, Merge
UOB Kay Hian (UOBKH) research team views mainboard-listed $SEMBCORP MARINE LTD(S51.SI)$ as a "turnaround story" with its recent large order win, indicating possible positives when it comes to new order wins, especially when it comes to the renewables sector. The research team continues to project a slight loss for Sembmarine in 2022, versus Bloomberg consensus estimates, which are projecting much larger losses. That being said, some of these loss forecasts have been scaled back the past 2 months, UOBKH noted. "Should the company win more orders, the earnings turnaround story for 2023 could become more compelling over the next 6 months," UOBKH added. It believes that much of Sembmarine's corporate-level risk has dissipated due to the completion of t
Sembmarine Opportunities: Large Order, Renewables Sector, Merge
Does Singapore Airlines Have A Healthy Balance Sheet?
$SINGAPORE AIRLINES LTD(C6L.SI)$ Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Singapore Airlines Limited does use debt in its business. But should shareholders be worried about its use of debt? When Is Debt A Problem? Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more common (but still pa
Does Singapore Airlines Have A Healthy Balance Sheet?
$Intuitive Machines(LUNR)$ "Despite the high redemptions, Intuitive Machines isn’t exactly without cash. In advance of the merger with SPAC Inflection Point Acquisition Corp., Intuitive Machines shareholders agreed to roll all of their existing equity holdings into the combined company at a value of $700 million. The transaction also came with $55 million of capital from an affiliate of Inflection Point and $26 million in PIPE, or private capital in public equity." They are projecting to more than double their revenue stream for 2024 to$759M
Didi's ride from the NYSE to OTC: 5 things to know
Didi Global's 11-month ride on the New York Stock Exchange came to an end last Friday as the company withdrew its listing in hopes of persuading Beijing to allow the ride-hailing operator to resume signing up new customers.Didi has been in the doghouse with Beijing since it went forward with its $4.4 billion initial public offering a year ago on the eve of the Chinese Communist Party's centenary celebrations -- despite officials' concern that the listing could give American regulators access to sensitive domestic data. The authorities responded to Didi's defiance by ejecting its apps from leading app stores and instituting the new client ban.Didi's shares, traded in the form of American depository receipts (ADRs), moved on Monday to the U.S. over-the-counter market, with its ticker changin
Didi's ride from the NYSE to OTC: 5 things to know
Is It Too Late to Buy Intel Stock?
KEY POINTS Intel’s stock recently hit a 52-week low. It looks cheap and pays a high dividend yield. However, Intel’s valuation will remain low until it proves its long-term turnaround plans can actually work. The chipmaker's long-shot plans aren't impressing investors$Intel(INTC)$ was once considered a reliable blue chip stalwart for long-term investors. As the world's largest producer of PC and data center CPUs, Intel had a strong brand, a captive market, and a wide moat.It remained resilient throughout previous economic downturns, and it generated plenty of cash to cover its share buybacks and dividends. But today, Intel's stock hovers near its 52-week low and trades at just 12 times forward earnings. That decline has boosted its forwarddividend yi
Is It Too Late to Buy Intel Stock?
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