OTC Tip Reporter releases next company we are covering and its Mydecine (OTC Stock Symbol MYCOF). This is my next stock that looks ready to move in a major way, so make sure you have it pulled up on your trading screen Monday morning at the opening bell. Mydecine Innovations Group is a life sciences company dedicated to the development and commercialization of adaptive pathway medicines, natural health products and digital health solutions. Mydecine experienced cross functional teams have the capabilities to oversee all areas of drug development including synthesis, drug delivery system development, clinical trial execution, through to product commercialization and marketing. By leveraging strategic partnerships with scientific, medical, military, and clinical organizations Mydecine is at the forefront of the efficient development of psychedelic derived medicines and therapeutic solutions. Their trailblazing portfolio of companies is focused on providing innovative and effective treatment options that can help millions of people live healthier lives. Mydecine Innovations Group Inc. is a parent company which operates innovative product divisions in the Naturally Sourced Therapies (NST) space. Mydecine Innovations Group Inc. operates a number of hemp-derived CBD and psilocybin brands that design, manufacture and distribute cutting edge products. Mydecine Innovations Group Inc. further enhances Read more…
Category: Stocks
Hot May IPO Beyond Meat Downgraded To ‘Neutral from’ ‘Overweight’
Beyond Meat (NASDAQ: BYND) was downgraded by J.P. Morgan on Tuesday after the company’s stock soared over 600% from its initial IPO of $25. J.P. Morgan, the lead underwriter for the May IPO, reduced the stock to “neutral” down from “overweight” and kept its target price of $120. Beyond Meat was founded in 2009 by Ethan Brown and is a Los Angeles-based producer of plant-based meat substitutes. The company’s products became available across the United States in 2013. J.P Morgan analyst Ken Goldman said to clients that the stock is “beyond our price target. He went on to say, “This downgrade is purely a valuation call. As we wrote last week, ‘At some point, the extraordinary revenue and profit potential embedded in BYND… will be priced in’ – we think this day has arrived.” With the downgrading, shares fell 18% to 136.48 in early trading. The company also announced this week that the new ‘meatier’ version of its plant-based burger was coming.
Read About Warren Buffett’s Favorite Financial Stocks
Ever heard of Warren Buffett, the world’s third richest person at the time of publication valued at $82.5 billion dollars? He has encouraged for years for investors to stick to their “circle of competence”. At his Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) annual conference in May, he said that he naturally took to the insurance business, which would become the core of his business empire. Today he tells us his favorite financial stocks as of first quarter-end: Bank of America Corp. (BAC), Wells Fargo & Co. (WFC) and American Express Co. (AXP). Buffett invested in Bank of America in 2011, when BOA hit financial trouble. For $5B, Buffet received 700,000,000 shares of its common stock with an exercise price of $7.14 Wells Fargo is a “wonderful business” something that Buffet has said in the past. However, Wells Fargo was in the hot seat in 2016 due to generating millions of fake accounts to which buffet said “[they] should be checked out on everything they do”. Charlie Munger, Berkshire’s co-chariman stated that “we would cheerfully buy more” if the government lifted its ban on shareholders owning more than 10% of a bank.” With regards to American Express Co. Buffett stated at a shareholder meeting Read more…
Tesla Sees Stock Turnaround After Reaching Record Delivery Goals And Pushing Big Incentives
After a downward spiral on the stock market for the year 2019, Tesla (NASAQ: TSLA) has seen its second best day of the week after a report that the company is reaching record high sales numbers. reported that the company was offering hefty incentives to reach high delivery goals Electrek has reported that the company was offering hefty incentives to reach high delivery goals and that the larger-than-normal incentives are being offered to employees to reach these new delivery goals. Tesla executives have told sales and delivery managers across North America that 33,000 vehicles had been delivered in the region this quarter with 2,512 cars being delivered in June alone and 10,000 more deliveries scheduled. With the stock so far on a turn-around, investors will be paying close attention to the stock and delivery numbers as we head toward the end of the second quarter.
Apples Biggest Event Is Just Around The Corner And Here Is What To Expect
Apple (NASDAQ: AAPL) is ramping up for its biggest event of the year which is happening this Monday. Consumers and Wall Street will be tuning in to see just what Apple has in store for us in 2019. Currently on the docket is the announcement of several new apps, features, development tools and what will likely be IOS 13, the latest iteration of Apples operating software. Since the launch of the initial iPhone, which likely changed the smartphone marketplace for the better, Apple has had an aggressive approach at revamping the operating system each year, bringing new features, fixes, and changes to Apple devices. Because of Apple’s in house developed operating system, their products are often more capable or have a better user experience because the software functions seamlessly with their hardware. Love them or hate them, Apple is doing something right. With a market cap of 817.89B and $46.6 billion in spending last year just on the App store alone, they are dominating the tech and smartphone space.
Tesla Has Worst Ever Start To A Year with Musk Losing $4.9 Billion
To say Tesla (NASDAQ: TSLA) was having a rocky start in 2019 would be an understatement. To date, the stock has tumbled 43% this year slashing $4.9 billion from the value of Elon Musk’s stake the company. Wall Street is seemingly doubtful about consumer demand for the company’s electric vehicles. This drop in value represents a total loss of $7.8 billion from the stakes of Tesla’s four biggest shareholders – Musk, Tencent Holdings Ltd., Saudi Arabia’s Public Investment Fund and Larry Ellison, with $2.7billion dropping off in May alone. Not contributing to the stock is Tesla’s delay in Model 3 deliveries as well as recurring news of autopilot crashed.
Tesla Stock Continues To Crash With Many Wondering When It Will Stop
Top headlines trending today on Tesla Stock Read ‘Will Tesla Stock Plunge To $125 A Share?- Yahoo Finance”, “Tesla Slices Prices On Models S and X, Stock Plummets – Yahoo Finance” “Tesla Stock Could Go Lower Than $10 Dollars One Day, Says Accipiter’s… – CNBC” An article published yesterday May 22, 2019 by Lawrence Meyers on CNN.com states, “Tesla’s stock is getting hammered today because of the company’s announcement that it is cutting prices on older model S and X vehicles. Merrill Lynch put out a note expressing concern that sales on those models have peaked and are losing market share to its own Model 3.” https://www.ccn.com/tesla-stock-crashes-wall-street-armageddon Other recent news that could be a cause-for-concern are the auto-pilot crashes that seem to happen every so often. The Tesla Auto Pilot Crash is repeating itself, where the cars are slamming into semi-trucks. There are plenty of die-hard Tesla fans out there, but with the stock continuing to plummet, Tesla’s future is starting to look pretty bleak.
A Look Back at the S&P 500 Index
The total return of a stock index like the S&P 500, which is widely quoted as a benchmark for stock performance, is a calculation that depends on the change in the index, either positive or negative, plus reinvested dividends. Since an index is not an investment, but a statistical computation, however, the reinvestment occurs only on paper—or more precisely, in a software program. Rather than reinvesting dividends in the stocks that pay them, the index provider reinvests all dividends in the index as a whole. Total return on an index is calculated daily, though the results are more typically provided as monthly, annual, or annualized figures, expressed as a percentage. Capitalization-weighted indexes are designed to reflect the economic impact of companies with the highest market capitalization. Market cap is calculated by multiplying the number of shares
by the stock’s current market price. The majority of indexes are capitalization weighted, including the S&P 500 and the Nasdaq Composite Index. Total return, as it applies to an equity index, is a calculation that reflects the positive or negative change in the index plus any reinvested dividends. Most equity indexes report their return two ways, one that is price return only and the other, Read more…
<div>A Look Back on the S&P 500 Index</div>
The total return of a stock index like the S&P 500, which is widely quoted as a benchmark for stock performance, is a calculation that depends on the change in the index, either positive or negative, plus reinvested dividends. Since an index is not an investment, but a statistical computation, however, the reinvestment occurs only on paper—or more precisely, in a software program. Rather than reinvesting dividends in the stocks that pay them, the index provider reinvests all dividends in the index as a whole. Total return on an index is calculated daily, though the results are more typically provided as monthly, annual, or annualized figures, expressed as a percentage. Capitalization-weighted indexes are designed to reflect the economic impact of companies with the highest market capitalization. Market cap is calculated by multiplying the number of shares by the stock’s current market price. The majority of indexes are capitalization weighted, including the S&P 500 and the Nasdaq Composite Index. Total return, as it applies to an equity index, is a calculation that reflects the positive or negative change in the index plus any reinvested dividends. Most equity indexes report their return two ways, one that is price return only and the other, Read more…