2 Well-liked Robinhood Shares I Would not Purchase With Free Cash

Robinhood Markets is the company behind the Robinhood investment platform. Robinhood is particularly popular with the younger generation and has received praise for its efforts to “democratize finance”. Thanks to his app, many who had never invested in stocks before are now actively doing so. When you consider that the stock market is still one of the best wealth generators for the common man, that’s not a bad thing.

That said, Robinhood investors aren’t perfect, and while the list of the company’s 100 most popular stocks on the platform has some excellent selections, others aren’t that great. Here are two popular Robinhood stocks that I wouldn’t buy with free money: Okcugen (NASDAQ: OCGN) and Inovio Pharmaceuticals (NASDAQ: INO).

1. Ocugen

Ocugen – a clinical stage biotech company that currently has no commercialized products – is playing in the coronavirus vaccine market. It’s not necessarily a losing strategy, especially for a company this size; The current market capitalization is only $ 1.45 billion. There is still some blank space in the COVID-19 vaccine market, particularly in developing countries and with the advent of newer varieties of the disease.

Image source: Getty Images.

If Ocugen receives the Emergency Use Authorization (EUA) from the US Food and Drug Administration for his candidate and even generates $ 1 billion in sales, it would be a big win for the company. However, there are a few important points to keep in mind. First, the company signed an agreement to jointly develop and commercialize its candidate Covaxin with India-based Bharat Biotech. While Ocugen will hold the commercial rights to the vaccine in the US and Canada (pending approval), it will retain only 45% of Covaxin’s profits in those countries.

Second, the prospects of an early EUA in the US for Covaxin are as good as gone. As recommended by the FDA, Ocugen is now likely to file a biologics application that will take several months longer to review than an EUA. Third, Covaxin’s ability to gain market share in this competitive environment is dubious. In a Phase 3 clinical study conducted in India with 25,798 participants, the vaccine candidate was found to be 77.8% effective against COVID-19. Its effectiveness against the rapidly spreading delta variant was 65.2%.

In the meantime they are from. developed vaccines Pfizer, Modern, and Novavax have all shown an overall effectiveness of 90% or greater. Could Covaxin’s overall effectiveness be at least partially less because the late-stage study was conducted in India, where the Delta variant originated? Maybe, but other vaccines including that of. displaced Johnson & Johnson, have also shown potency against this variant. Put all of this together and add the usual risks Biotech companies (including potential unforeseen clinical and regulatory setbacks), Ocugen seems far too risky to invest in right now.

2. Inovio Pharmaceuticals

Inovio Pharmaceuticals also hopes to enter the COVID-19 market with its candidate INO-4800. However, the biotech’s prospects are even worse than Ocugen’s. Inovio faces at least two major challenges. First, the company is unable to conduct a Phase 3 clinical trial in the US because regulators have raised concerns about the proprietary device it uses to deliver its Cellectra 2000 vaccine.

Second, the US government withdrew funding for the Phase 3 portion of its Phase 2/3 study for INO-4800. As a clinical-stage biotech, Inovio is not generating product sales, and while it received grants last year to support its coronavirus-related efforts, the company will have a hard time getting additional ones with several vaccines that are now widely available Gaining third-party funding. Party grants.

So is the INO-4800 destined to stay in Inovio’s late-stage pipeline forever? Not necessarily. The company plans to conduct a phase 3 clinical trial in Asia and South America in collaboration with Advaccine Biopharmaceuticals Suzhou. The trial, due to start before the end of summer, will test the safety and effectiveness of two doses of the vaccine candidate given one month apart. In theory, Inovio could also make decent sales on INO-4800 given the advent of newer variants of the virus. However, until the phase 3 study is completed, it is impossible to predict how much the coronavirus vaccine market will still be able to gain.

Time isn’t on Inovio’s side, and betting that the company’s master plan comes true seems speculative. In short, it would be best to stay away from this company – at least for now.

This article represents the opinion of the author who may disagree with the “official” referral position of a premium advisory service from the Motley Fool. We are colorful! Questioning an investment thesis – even one of our own – helps us all think critically about investing and make decisions that will help us get smarter, happier, and richer.

Kids and Cash: A Widespread Financial savings Program for Individuals with Disabilities [Column] | Cash

ABLE is growing rapidly.

Five years after its introduction, the ABLEnow savings program has reached a so-called milestone. Currently accounts in all 50 states and some in the District of Columbia hold over $ 100 million in assets for over 12,000 account holders.

It’s not as poor as a tax-friendly savings program for the disabled that isn’t as well known as its cousin, the 529 University Savings Plan.

The ABLE account was created by Congress in 2014 and introduced state-to-state two years later. It saves people with disabilities various skilled disability expenses such as education, transportation, housing and vocational training. , Designed to be funded.

The kickers are: As long as the eligibility rules are adhered to, account holders can use ABLE without endangering the eligibility of government programs such as Medicaid and additional security insurance.

Account earnings (formerly the Achieveing ​​a Better Life Experience Program) are exempt from federal taxes, and states can also offer tax incentives. The account can be opened by anyone who develops a disability before the age of 26. As with your 529 account, family and friends can contribute.

The annual donation amount for 2021 is capped at $ 15,000, but the total amount for your account cannot exceed $ 500,000.

According to ISS Market Intelligence for the first quarter of 2021, the average account balances of $ 8,368 are well below those limits.

The national ABLEnow program is administered by the Virginia 529 program, the largest university savings plan in the country. Accounts are not yet sponsored in all 50 states, but qualified individuals are not required to open an account in their home state. Several programs, including Virginia, are open for national registration, according to the ABLE National Resource Center.

ABLEnow account holders can choose from several investment options depending on their risk tolerance and there is no minimum deposit or registration fee. Some programs may require a monthly account service fee of $ 3.25 and some asset-based fees. (For more informations, www.ablenow.com).

Individuals can also open an account through the ABLE America Plan, a partnership between ABLEnow and the American Funds Group.

Last year, the new ABLEnow accounts increased 10% and the average portfolio increased 24% through May 2021.

The growth can be due to several factors including a focus on economic controls on accounts, people spending more time at home and focusing on savings, and of course, rising stock markets.

Mary Morris, Virginia Chief Executive Officer said:

But for many skilled people with disabilities, ABLEnow’s report may seem “too good and untrue,” said Morris.

“When you state that the funds in your ABLEnow account will not affect disability services and benefits, many people are used to not being able to save money or plan for the future, so look for one Hook, ”she says. Said.

According to Morris, supporters are turning to social media using webins and other video conferencing tools to spread information about ABLE. A message worth sharing.

Children and Money: A Popular Savings Program for People with Disabilities [Column] | money

Source link Children and Money: A Popular Savings Program for People with Disabilities [Column] | money

Pike Place-style market heading to well-liked Hill Nation vacation spot

A village market, borrowing elements from Seattle’s Pike Place Market and Waco’s Magnolia Market, moves to Fredericksburg’s Hill Country Hot Spot.

Known as Grand Central in Milam, the market is being developed on the 1.6 hectare former site of a Super S market. Austin-based St. Croix Capital Corp. develops the property at 206 N. Milam St.

“The idea is to provide customers and community members with a single location for multiple dining and shopping opportunities – coupled with unique areas to sit, relax and recharge your batteries,” said St. Croix Capital in a press release.

St. Croix Capital recently started remodeling and adaptive reuse of the Super S building, which has been vacant for more than a decade.

When completed, Grand Central in Milam will have nearly 16,000 square feet of retail space for eight concepts. There is already a market, a restaurant and a distillery as tenants.

“With a location just a three-minute walk from Main Street towards the most budget-friendly part of Fredericksburg, we know our concept is appealing to residents and visitors alike,” said Ken Satterlee, founder and chairman of St. Croix Capital . “That’s why we’ve studied other successful indoor / outdoor concepts and are working on transferring their best elements to Fredericksburg in an authentic way.”

Satterlee expects the outdoor common areas to be as appealing as the retailers. An enclosed garden with picnic tables, garden games, a fireplace, a small stage for performances and food stalls is planned. The outdoor area will be available for community organizations.

Grand Central in Milam is hosting a $ 8,500 cash art competition, with the winner receiving $ 5,000 and the opportunity to paint their mural on an outside wall of the project.

Eating, leisure coming to area alongside fashionable path in Spartanburg

SPARTANBURG, SC (WSPA) – A popular dining and entertainment venue will soon open on a popular Spartanburg Trail.

“The Rail Trail itself has become much more popular in recent years,” said Christopher George, city spokesman for Spartanburg. “They had record numbers for a couple of years in a row and last year was another record for them.”

While many places were closed during COVID, there was a lot of traffic in one place. That place was the Mary Black Rail Trail.

“People using the Rail Trail right now – I’m out there a lot – and it’s families with kids, it’s people who play sports, it’s just people who enjoy the fresh air,” said George.

One of those people is Cheryl Robinson. She started using the railroad when the pandemic started and said she saw many benefits from it.

“The Rail Trail helped me lose 54 pounds in a year,” said Robinson.

Robinson said she walked the path several times a week.

At the moment there is an empty lot every time she passes. But soon this lot will be a new dining and entertainment venue.

“We haven’t had one that specifically orientates itself on the Rail Trail that way,” said George. “And it’s a really good example of how such paths stimulate economic development.”

Robinson told 7 News that the new development is another huge benefit for people like her who use the trail frequently.

“It would be nice because a lot of us don’t have our bottles of water with us, so we could stop and have a bottle of water or a drink or whatever,” she said.

“It’s really the perfect thing to turn a little trip – where you might be there for an hour or so – into some kind of all-day message,” added George.

The new venue will have a restaurant and café, and space for food trucks and live music.

“The most exciting thing about it is the entertainment area and the assembly point along the railroad track,” said George. “There is something unique there, something you see in other cities, and we are very excited that one of these concepts is coming to Spartanburg.”

There’s no official groundbreaking yet, but the developers expect things to move in late spring or early summer and they hope that the first phase of the project will be completed by the end of 2021.

5 shot in Tuscaloosa’s fashionable Temerson Sq. leisure district

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Gunfire broke out in a popular entertainment district of Tuscaloosa early Saturday, injuring at least five people.

The shooting took place just before 3 a.m. in Temerson Square in downtown Tuscaloosa. Authorities said police had been called to the area on the 2300 block on Fourth Street.

Spokeswoman Stephanie Taylor said shots had been fired in the parking lot and outside Roxy’s nightclub, injuring at least five people. They were transported to the DCH Regional Medical Center, some in a private vehicle. The extent of their injuries is currently unknown.

Several suspects were arrested and interviewed from 5 a.m. No additional information has been published yet.

At least 17 people were injured in a 2012 shooting in Temerson Square when a man opened fire in the Copper Top Bar.

Grammy Snubs of 2020: The Weeknd, Halsey and different fashionable artists | Leisure



Grammys 2021



The 63rd annual Grammy Awards, airing on March 14th, is one of the most anticipated awards ceremonies, annually celebrating the achievements of various musical genres. That said, that doesn’t mean that all current nominees deserve more than other projects released in 2020.

Some outstanding nominees such as Beyoncé’s “Black Parade” and Doja Cats “Say So” were appropriately nominated for Record of the Year along with other famous artists such as Billie Eilish, DaBaby and Dua Lipa. However, there are other artists and tracks from last year that deserve recognition in important categories.

This awards show creates controversy when it comes to the nominees chosen by The Recording Academy. People on social media will assume that the Grammys are “rigged” and that voting irregularities are constantly being questioned. Music fans are furious about the lack of recognition for some of the most impactful album releases of 2020, so here are five projects / songs that should have been in the spotlight as nominees.

63rd Annual Grammy Award Nominations: Sweeps, Snubs, and More

The Grammy nominations for 2021 were announced Tuesday morning with Beyoncé, Taylor Swift, Dua L …

The Weeknd – “After Hours”

One of the biggest snubs everyone’s talking about is that The Weeknd’s biggest track of the year, “Blinding Lights,” wasn’t nominated for the record of the year. The track debuted at number 11 on the Billboard charts and is The Weeknd’s tenth top ten hit. This also makes it one of Billboard’s Hot 100 Songs for 2020. The controversy surrounding this particular nudge, however, is that The Weeknd played the Grammys at the 55th Super Bowl, putting it off the list of nominees for best To cancel album of the year and record of the year.

As rough as this year was, there was good music. Sad songs to cry on …

Rina Sawayama – “Sawayama”

This album was undoubtedly one of the most unique pop albums of 2020 and has been wrongly ignored by many. Rina Sawayama and her debut album “Sawayama” were released in the summer of 2020, with popular tracks such as “XS” and “Paradisin ‘” drawing the attention of pop, R&B and nu-metal fans alike. Although the album was a hit with Billboard critics and others, it didn’t seem to attract enough attention to be nominated for major categories like Album of the Year or Best Pop Vocal Album. Sawayama would have been a great contender for best new artist too.

Mac Miller – “circles”

A year after his death, Mac Miller’s sixth and final studio album “Circles” was released posthumously in early 2020, with rave reviews and talk of being nominated for this year’s Grammy Awards. However, for some reason this eclectic project didn’t make it as a nomination for Album of the Year, Best Rap Album, or Song of the Year for “Good News”. Critics and fans alike were surprised that Miller wasn’t nominated for at least one of these categories, despite the fact that “Circles” debuted at number three on the US Billboard 100.

Selena Gomez – “Rare”

“Rare” rose to # 1 on the Hot Billboard 200 in its first week, released in early January, and led several pop fans to believe it would be a strong contender for best pop album this Grammys season. Many were shocked to find out that not only was the dance-pop album not nominated in that category, but also for the record of the year for the song “Lose You to Love Me,” which Gomez made her first No. 1- Song brought in the hot billboard 100.

Halsey – “Manic”

Halsey’s third studio album, “Manic,” has to be one of the most frustrating snubs this year. The album reached # 2 on the Hot Billboard 200 and made history as the longest running Top 10 on the Billboard Hot 100 by an artist. The album would have given other nominees a run for their money with the country-pop-fusion song “You should be sad”, which rose through the charts in early 2020.