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Why top analysts say buy stocks like Qualcomm & Humana

first_img2011 Gain: $32.87 (60%) 2011 Closing price: $87.61 Last year, investors turned away from HMO stocks such as this, fearing the impact of a new health care overhaul rule involving medical-loss ratios. However, Humana showed it was able to manage the new regulation and in October delivered better-than-expected profits and a better-than-expected forecast for 2012. Stephen Weiss, partner at Short Hills Capital, “At eight times earnings, you’re owning a stock that’s still cheap and very, very defensivPhoto: Humana.com – Advertisement – The FDA has 60 days to review the final submission, and after this, if the application is acceptable for review, a PDUFA goal date will be set. It should be noted that the drug was granted Breakthrough Therapy Designation (BTD) in 2019, reducing the review time from 10 months to 6 months.“We see scope for Provention to meet its prior guidance of a potential U.S. approval of teplizumab for the delay or prevention of T1D in at-risk individuals in mid-2021… Teplizumab is a potential breakthrough asset, with highly significant results in subjects ‘at-risk’ for end-stage T1D,” Amusa commented.Looking at the Phase 2 “at-risk” study, even though it’s smaller in size, the data represents the “first demonstration of therapeutic modulation of disease progression in T1D, strongly supporting Provention’s approach to treating autoimmune disease in the early stages,” in Amusa’s opinion. In addition, the therapy was praised in an editorial published in the New England Journal of Medicine.What’s more, Amusa estimates the at-risk population is a blockbuster opportunity just in the U.S. Based on information from the JDRF T1 Fund, there are over 300,000 stage 1-2 T1D patients in the U.S. and 2.3 million worldwide. “300,000 U.S. patients at a $60,000 one-time price for a course of treatment implies a $18 billion total market opportunity. A 60,000 per year transitioning population for each stage implies a $2.4 billion per year recurring total market opportunity,” he explained.Taking the #99 spot on TipRanks’ ranking, Amusa is currently tracking a 31.8% average return per rating.FabrinetFabrinet has just received a thumbs up from Needham’s Alex Henderson, with this five-star analyst putting an $85 price target (29% upside potential) and a buy rating on the stock on November 3.In the most recent quarter, the optical communications device company handily beat Henderson’s revenue and EPS estimates by 4.4% and 7%, respectively, and posted year-over-year growth of 9.4% and 22.9%, respectively. All of this was achieved despite an uncertain backdrop, with pressure on Huawei and Service Provider spending also reflected. Putting it simply, Henderson said, “These are good results.”Henderson argues that investors have been waiting to see Huawei’s impact fall out of its numbers, and now that the “fourth quarter bridge has been crossed, the upside is all that remains.”Cisco is moving a large portion of Systems products to Fabrinet, which could exceed $250 million annually, according to Henderson. However, he points out that the reported numbers only reflect a minor contribution from the Cisco transition, but this should really ramp in CYQ1 2021 and reach full run rate by June, with the first full quarter run rate expected in September.The analyst further mentioned, “We think the scale of this additional business is generally not reflected in the outlook and Street estimates… It should add at least $50-$60 million to Revenues year-over-year. The Street estimates have CYQ3 Revenues at $454 million up $18 million. We think the Fabrinet without Cisco could hit this number. If the rest of FN was flat it would do $486-$496 million. That’s a lot of upside.”TipRanks shows that the #153-rated analyst scores a 57% success rate and a 20.4% average return per rating.LivePersonSince CFO John Collins came on board, business messaging and communications software company LivePerson has placed a significant focus on implementing a data-driven approach across all aspects of the business, giving five-star analyst Ryan MacDonald, of Needham, “increased confidence in the improving trajectory of the business.”Taking an even more bullish stance, on October 30, MacDonald increased the price target from $60 to $65, in addition to reiterating a Buy rating. The new price target puts the upside potential at 5%.Based on the results from its third quarter, MacDonald argues the data-driven approach appears to be working. The company delivered a “Rule of 40 with a combination of 26% revenue growth and 18% free cash flow margin.” This marked LPSN’s first quarter of positive free cash flow since Q4 2018, with it highlighting “the progress the company is making on expense optimization while producing strong top line growth,” in the analyst’s opinion.“LPSN is adamant that the pandemic-driven increases in usage are sustainable and indicative of a structural shift in the market… When combining this with the operational efficiencies that the company is implementing across the organization, we remain confident that LPSN can continue to accelerate growth and expand margins,” MacDonald commented.Some investors expressed concern that new logos have yet to rebound. However, MacDonald believes there is a “strong near-term expansion opportunity in the existing base can support growth acceleration while new reps and channel partners ramp.” As a result, he is a buyer at current levels.Given MacDonald’s 81% success rate and 40.4% average return per rating, he is among TipRanks’ Top 45 best-performing analysts.QualcommOn November 4, Deutsche Bank’s Ross Seymore maintained a buy rating on Qualcomm following a beat and raise quarter for the semiconductor company. Reflecting an additional bullish signal, the five-star analyst boosted the stock price forecast from $127 to $150, implying upside potential of 16%.Shares of Qualcomm surged over 11% in after-hours trading in response to the print. Looking at the details, it reported fiscal Q4 revenue of $6.5 billion, up 33% quarter-over-quarter. The analysts were expecting revenue of $5.9 billion. Non-GAAP EPS of $1.45 beat the Street’s $1.17 call. Although gross margin declined by 60 basis points quarter-over-quarter to 58.7%, it exceeded the 58.1% consensus estimate.When it came to its guidance for the upcoming quarter, Qualcomm didn’t disappoint. Management expects revenue to be in the range of $7.8 billion-$8.6 billion, up 26.1% quarter-over-quarter at the $8.2 billion midpoint. This easily beat the $7.1 billion consensus estimate.According to management, the ramp of 5G networks and handsets drove the strong performance, with Qualcomm’s CEO stating that the results included a “partial quarter impact” from a large handset producer in the U.S.Based on this “strong beat/raise,” Seymore argues Qualcomm is the “premier way” to play the expansion set to take place in the 5G handset space over the next year.As the analyst boasts an 82% success rate and a 28% average return per rating, Seymore is Wall Street’s 24th best-performing analyst.HumanaFollowing Humana‘s strong Q3 performance, Oppenheimer’s Michael Wiederhorn continues to see the health insurance company as a compelling play in the space. Accordingly, the five-star analyst reiterated a buy rating and $460 price target (2% upside potential) on November 3.For Q3, adjusted EPS came in at $3.08, well ahead of the $2.80 consensus estimate. Additionally, utilization bounced back to 95% of historical baseline levels by the end of the quarter, with non-coronavirus utilization expected to remain below normal levels in Q4.Although HUM guided for a Q4 EPS loss of between $2.29-$2.54, this factors in its investments in the Medicare channel, with this area of the business reflecting a significant market opportunity, in Wiederhorn’s opinion. On top of this, given the potentially “more favorable reimbursement environment and the maturation of its high-growth member base,” HUM could drive an improvement in margins.“Given the attractive growth of the company’s Medicare Advantage (MA) business, we believe Humana should return significant returns to shareholders,” Wiederhorn noted.Management also mentioned that the recently issued 2022 proposed rate increase of 2.82% for MA will likely, “benefit the company similarly to the overall market,” adding that 92% of members are in 4+ Star plans.With a 75% success rate and 21% average return per rating, Wiederhorn lands within the Top 30 on TipRanks’ list of best-performing analysts. While it’s now becoming clear Joe Biden will take the White House, investors are betting that Congress will be split, leaving President Trump’s corporate tax policy unchanged.“Up until about last week, the consensus belief was a full blue sweep — now that’s changing you’re seeing a repricing taking place in the market… a more status quo Senate may ease the burden of regulations on the tech sector,” Anna Han, an equity strategist at Wells Fargo Securities, commented.That said, as many factors remain uncertain, finding stocks primed to outperform the broader market isn’t easy.- Advertisement –center_img One approach is to look at the recent stock picks from analysts that consistently get it right. TipRanks analyst forecasting service attempts to identify Wall Street’s best-performing analysts, or the analysts with the highest success rate and average return per rating, tracked on a one-year basis.Here are the best-performing analysts’ five favorite stocks right now:Provention BioOn November 2, biotech company Provention Bio revealed the rolling submission of the BLA for teplizumab, a therapy that could potentially delay or prevent clinical type 1 diabetes (T1D) in at-risk patients, had been completed. For Chardan analyst Gbola Amusa, this development reaffirms his confidence in PRVB, with the company remaining a “Top Pick for 2020.” To this end, he reiterated a Buy rating and $35 price target (169% upside potential) after the news broke.- Advertisement – – Advertisement –last_img read more

Hope for L.A. democracy

first_imgNow the challenge is for Tharp to turn that message into reality. It won’t be easy. Managing the many and different personalities of the neighborhood councils and their board membership is a lot like herding cats. They have their own ideas about what works for their communities and it isn’t always what city leaders want to hear. Rather than forcing each one into a cookie-cutter mold, they must be allowed – within reason – to serve their individual communities. Nor will be it easy changing City Hall’s attitude about the neighborhood councils, which tends toward annoyed tolerance and sometimes strays into outright obstructionism. CAROL Baker Tharp may be just what Los Angeles’ beleaguered neighborhood council system needs. The new general manager of the city’s Department of Neighborhood Empowerment, or DONE, visited with a coalition of the San Fernando Valley’s neighborhood councils last week and said all the right things. Tharp, an expert on neighborhood participation from the University of Southern California who took over last month, said she will work to make the “backyard democracy” of the neighborhood councils work better. In part, she will do this by helping to remove some of the obstacles that the city has deliberately placed in their way. The city’s commitment to the seven-year-old neighborhood council system has varied from dismissive to downright obstructive. Indeed, an audit of DONE last fall by City Controller Laura Chick noted that the department didn’t have the resources or the expertise to aid the development of the young community empowerment effort. Still, Tharp’s words offer reason for optimism. In many ways, she could be the last best hope for the city’s neighborhood councils to finally realize their potential for putting some power back in the hands of the people.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Infiniti M35 is top mid-luxury choice

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.The Mercedes-Benz E320, which outscored the E350 by a point, is the first of a new wave of “clean diesel” cars that CR tested. It achieved an impressive 29 mpg in overall fuel economy. The E350 is a delight to drive. It feels reassuringly solid and offers an inviting blend of luxury and practicality. It also provides excellent ride comfort and agile handling. For this mid-luxury group, CR also tested the freshened BMW 535i, now powered by a new six-cylinder twin-turbocharged engine; the redesigned Volvo S80; and the Lexus GS 450h. Prices for this group range from $45,305 for the Volvo to $60,172 for the Lexus. CR tested two-wheel drive versions; each model is available with all-wheel drive. The 2008 freshening of the BMW 5 Series is a mixed blessing. CR really liked the new engine, interior craftsmanship and agile handling, but the car’s overcomplicated controls made it frustrating to live with. CR also performed a two-car face-off of ultra-luxury sedans. The new Lexus LS 460L, $76,572, achieved the highest score of any vehicle CR has recently tested, topping the $90,200 Mercedes-Benz S550. Of the eight models included in Consumer Reports’ recent tests, CR recommended the BMW 535i, Infiniti M35, Lexus GS 450h and Lexus LS 460L. The Mercedes-Benz E-Class and S-Class had subpar reliability records, and the Volvo S80 was too new to provide sufficient reliability data. Blending comfort, technology Luxury cars are designed to cradle their occupants in comfort, surrounding them with rich materials and a host of convenience features. They typically have strong, refined engines to provide effortless acceleration. Many mid-luxury models also provide agile handling that adds a sporty dimension to their character. CR’s top-rated models illustrate the range of the luxury sedans’ driving characteristics. For example, both versions of the Infiniti M35 are well-rounded, nimble cars that successfully blend sportiness with comfort. They are as capable handling a twisty road as they are cruising the highways. But they aren’t as quiet as some other models. By contrast, the isolating quietness of the Lexus LS 460L insulates occupants from the cacophony of the outside world. While it provides a no-compromise environment of comfort and roominess, it’s not particularly agile or fun to drive. Innovative safety features Luxury cars are also often equipped with innovations and safety features well before they are integrated into less-expensive models. For example, the LS 460L came with the first eight-speed automatic transmission and an Advanced Parking Guidance System that can automatically park the car if conditions are right. The S550 features a night-vision system that helps a driver see people and animals that are beyond the reach of the headlights. Both systems are interesting, but they have their drawbacks. Several models offer adaptive cruise control that uses radar to keep a car at a set distance behind a vehicle in front, slowing down or speeding up as necessary. The Volvo S80 takes that one step further, using the radar to determine whether you are approaching a car too quickly. If you are, it will alert you to brake, or it will even slow the car itself. Go to the Consumer Reports Web site at www.consumerreports.org. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! By the Editors of Consumer Reports The Infiniti M35 retains its spot as the class leader in Consumer Reports’ recent tests of mid-luxury sedans. But the other big news is that two versions of the freshened Mercedes-Benz E-Class were close behind, with the new diesel-powered E320 BlueTec edging out its gasoline-powered twin, the E350. CR also tested the rear-wheel-drive base M35 as an update to the previously tested all-wheel-drive M35X, its 2007 Top Pick for luxury cars. Not only did this version score nearly the same as the M35X, but it’s one of the least-expensive cars in the category. The M35 is a well-rounded car that blends comfort, luxury and agility. It provides nimble handling and tenacious tire grip. last_img read more