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You should remain wary of stocks that attract broker/media attention because of high-profile products or services, and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration:
ALLBIRDS INC., $0.72, (Nasdaq symbol BIRD; TSINetwork Rating: Extra Risk) (allbirds.com; Shares o/s: 103.3 million; Market cap: $112.0 million; No dividends paid) is a global “lifestyle” brand that aims to make more sustainable footwear and apparel products without the use of synthetic petroleum-based fibres like polyester.
The San Francisco-based company launched its IPO and began trading on Nasdaq at $15 a share on November 3, 2021....
Artificial intelligence (AI) is an example of an investment idea that could boost your investment returns—or more likely end up of costing you money. All in all, we think that the biggest, surest gains from AI will come from investing in established businesses that are already profitable and growing, and that can gain all the more by applying AI to their operations.
Here are two companies that are already profitably taking advantage of AI, and they will be among the leaders in the push to extend AI’s use:
TWILIO INC., $61.44, is a buy. The company (Nasdaq symbol TWLO; TSINetwork Rating: Extra Risk) (www.twilio.com; Shares outstanding: 171.2 million; Market cap: $10.5 billion; No dividends paid.) spends a high 30% of sales on R&D—that includes spending to expand its Twilio CustomerAI technology.
The hi-tech offering combines AI with real-time customer data flowing through Twilio’s Customer Engagement Platform....
REGENERON PHARMACEUTICALS, $978.21, is a buy. The company (Nasdaq symbol REGN; TSINetwork Rating: Average) (www.regeneron.com; Shares outstanding: 108.4 million; Market cap: $107.8 billion; No dividends paid) recently launched Regeneron Ventures, a health care venture capital fund....
ResMed’s sales and profits got a boost during the pandemic with a sharp rise in demand for its ventilators and other respiration devices. Even as the pandemic eased, the gains continued as the company introduced more products and expanded its software offerings....
Thermo Fisher continues to introduce new products as well as upgrades to its existing offerings. That’s key to it holding on to its market-leading position.
THERMO FISHER SCIENTIFIC INC., $599.02, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (www.thermofisher.com; Shares o/s: 381.7 million; Market cap: $228.7 billion; Yield: 0.3%) recently introduced the TSX Universal Series ultra-low temperature (ULT) freezer....
THERMO FISHER SCIENTIFIC INC., $599.02, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (www.thermofisher.com; Shares o/s: 381.7 million; Market cap: $228.7 billion; Yield: 0.3%) recently introduced the TSX Universal Series ultra-low temperature (ULT) freezer....
ADOBE INC., $485.25, is a #1 Power Buy for your 2024 investing. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 448.0 million; Market cap: $217.4 billion; No dividends paid) is now buying videos from its network of photographers and artists to build its artificial intelligence (AI) text-to-video generator....
Swiss pharmaceutical giant Novartis spun off Alcon in 2019. As we’ve said many times before, spinoffs are the closest thing you can find to a sure thing, regardless of the market’s rise and fall.
The stock is already up over 42% since we first recommended it in March 2020 at $63.26—and has just hit a new all-time high—but we think it can go much higher....
The stock is already up over 42% since we first recommended it in March 2020 at $63.26—and has just hit a new all-time high—but we think it can go much higher....
You Can See Our Spinoff Stock Portfolio For June 2024 Here.
Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:
1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.
2) Spinoffs involve a lot of work and legal fees....
VIKING HOLDINGS LTD. $28 is a hold. The company (New York symbol VIK; Consumer sector; Shares outstanding: 431.5 million; Market cap: $12.1 billion; No dividend paid; Takeover Target Rating: Lowest; www.viking.com) is a Bermuda-based operator of luxury passenger cruise ships....
JOHNSON & JOHNSON $153 is a spinoff buy. The company (New York symbol JNJ; Manufacturing sector; Shares outstanding: 2.4 billion; Market cap: $367.2 billion; Dividend yield: 3.3%; Takeover Target Rating: Medium; www.jnj.com) is an American multinational corporation that develops medical devices and pharmaceuticals.
In May 2023, the company sold shares in its consumer drug business, Kenvue Inc....
In May 2023, the company sold shares in its consumer drug business, Kenvue Inc....