GM’s pickup cash machine will get a expertise tuneup

DETROIT, Sep 9 (Reuters) – General Motors Co (GM.N) will be giving its best-selling Chevrolet Silverado large pickup truck models a makeover next spring to address competitive imperfections that have put Chevy third in one of the world’s most lucrative vehicle segments.

Catching up with competing trucks from Stellantis NV (STLA.MI) and Ford Motor Co (FN), in 2022 most Silverado models will get larger dashboard screens and new connectivity technology with built-in Google voice commands and software.

Chevrolet will also add a 420-horsepower Silverado ZR2, which is designed for rugged off-road adventures – or to make it seem like the owner would have it. The Silverado ZR2 will chase Ford’s F-Series Raptor and Stellantis’ Ram TRX, which are eye-catching performance models for these brands.

The current Silverado, which came on the market in early 2019, was surpassed in sales by the Ram pickup from competitor Stellantis NV. The 2018 Ram received a makeover with a refined interior and a 12-inch (30.5 cm) dashboard screen that was closer to the style of a Tesla (TSLA.O) Model S sedan as a conventional pickup.

The Fiat Chrysler unit of what is now Stellantis also expanded Ram pickup manufacturing capabilities in North America. to oust the Chevy Silverado as the No. 2 brand in the North American pickup segment.

That strategy – led by Mike Manley, now head of Stellantis North America – worked. By the first half of 2021, Rams pickups had surpassed the Silverado and, according to sales data compiled by Automotive News, are now in second place behind Ford’s F-series trucks, the best-selling model range in the US for more than 40 years.

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Steve Carlisle, head of GM’s North American business, told Reuters that GM has learned from Ram’s challenge. “You have to be very agile and react,” he said. “And maybe you ask different kinds of questions.”

Going forward, Carlisle sees the market moving from “bigger is better” in dashboard displays to more emphasis on improving the user experience.

Carlisle said his goal for the redesigned Silverado was to oust Ford from the top spot in the segment.

“We’re not going to rest until that happens,” he said, although he added, “we’re going to do the right thing from a brand perspective.”

Ram and Ford have their own upgrades for 2022. Ram trucks will receive improved infotainment systems. Ford is promoting and promoting a hybrid system available for the F-150 pickup that can power a home fully electric F-150 Lightning is coming next spring.

The new Silverados receive further new technologies. The redesigned trucks will be the largest application of GM’s partnership with Alphabet Inc (GoogL.O) Google to create a more smartphone-like experience in cars. And top-of-the-line Silverados will optionally offer GM’s Super Cruise system to enable hands-free driving on more than 200,000 miles (321,869 km) of roads in Canada and the United States.

The Silverado ZR2 responds to a more traditional form of automotive competition. Powerful pickup trucks equipped with tall, stout suspensions and other modifications to tackle races over rough deserts or jumping sand dunes are the 21st century answer to Detroit’s 1960s muscle cars. Ford and Ram had developed models for extreme off-road enthusiasts. Chevy doesn’t. Now it will.

Carlisle said that 60% of the Chevrolet Silverados sold now are “lift trucks” with high suspensions. The Silverado ZR2 will add a 420 hp eight-cylinder petrol engine to the formula. Carlisle said the ZR2 could account for more than 10% of Silverado sales.

Ford’s Raptor has a starting price of nearly $ 66,000. Carlisle said the Chevrolet ZR2 will be “more accessible” with a lower starting price.

Reporting by Joe White in Detroit Editing by Matthew Lewis

Our standards: The Thomson Reuters Trust Principles.

Walmart to promote e-commerce know-how to smaller retailers

Just as Amazon Web Services is the profit center that serves a large part of Amazons other shops, Walmart CEO Doug McMillon became increasingly interested in expanding his company’s profit pools beyond the core business of retailing.

Starting Wednesday, small and medium-sized retailers will be able to acquire technology developed by Walmart that enables shoppers to purchase items online and pick them up in-store. These companies will also be able to add products to Walmart’s online marketplace with just a few clicks. To offer the suite of cloud-based services, Walmart has partnered with Adobewho sells the software through a subscription.

“When we started our journey, Covid had just struck,” said Anshu Bhardwaj, vice president of technology strategy and commercialization at Walmart Global Technology. “We reaped the benefits of this omnichannel journey early on.”

Walmart saw sales grow both online and in-store in the wake of the pandemic. While some other retailers have been forced to close stores to contain the spread of Covid-19, Walmart was considered a major retailer and stayed open. Some customers who wanted to limit the time they spent in stores took advantage of Walmart’s online purchase and in-store pickup. These developments accelerated the company’s e-commerce growth. The retailer’s online sales rose 79% for the fiscal year ended Jan. 29, with pickup and delivery sales up triple-digit year-over-year.

Only 7% of US retailers had the “buy online in-store pickup” option enabled in January 2018. The pandemic sped that rate to 22% of retailers last month, the company said Adobe Digital Economy Index.

A significant opportunity remains. Last December, Adobe and market researcher IDC estimated the total addressable market for content and commerce software as a service to be around $ 44 billion.

For those wondering why Walmart wants its potential competitors to succeed, Bhardwaj said these smaller businesses are served anyway.

“Digitization is happening everywhere as consumers evolve,” said Bhardwaj. “There is no choice but to evolve with them.”

Walmart’s size and size, and its proximity to 90% of the US population within 10 miles of any of its stores gives it a significant advantage. Additionally, Bhardwaj said, “We really want to serve our communities, our shareholders, our stakeholders and the community better.”

She noted that about a year and a half ago, McMillon changed the language of a slide he used in presentations from “serve our shareholders” to “serve our shareholders”. Bhardwaj said it was a meeting with McMillon that fueled her idea of ​​selling the technology Walmart developed to other retailers.

Bhardwaj has been involved in other major Walmart technology initiatives. In particular, she performed the successful Scan & Go technology at Sam’s Club, which enables customers to check purchases with a smartphone while adding items to their shopping cart.

The new software business opens up a potential source of income for Walmart and fits in with its strategy to start new businesses that serve new customers and lets the profit flow back into the company to finance further innovations.

Neither Walmart nor Adobe publicly share expectations of how big the business opportunity could be, but Bhardwaj said, “I’ll bet my life on it,” as their current role at the retailer was created to bring their idea to life.

For Adobe, the Walmart partnership increases visibility.

“We can now offer a more holistic solution, a first-class omnichannel experience,” said Peter Sheldon, Adobe’s senior director of Commerce Strategy, in an interview. “From Adobe, [these businesses] will receive world-class e-commerce and world-class omnichannel experiences from Walmart. “

The small and medium-sized retailers will use Adobe to operate e-commerce sites, including shopping cart, search, navigation and product recommendation functions. (Walmart does not use Adobe commerce software for these functions for its own website. It has its own technology.)

Small and medium-sized businesses and retailers with $ 1 billion or more in annual sales already use a variety of Adobe e-commerce products, including Ritual help, Verizon, Unilever, coke, PS, Honeywell, Trader Joes and more.

Walmart provides the technology that enables staff to pick and pack online purchases, and geofencing technology staff need to know when customers will be arriving to pick up their orders.

Refined present: Know-how helps organizers present top-notch fireworks show | Native leisure

SHERIDAN – Local resident Bruce Burns has been helping delight the July 4th crowd for more than three decades. Even now, he’s not ready to reveal his secrets as organizers prepare for the 33rd annual Independence Day fireworks on Sunday evening at the Big Horn Equestrian Center.

The gates will open at 5:00 p.m. and the fireworks are scheduled for 10:00 p.m. at the BHEC on Bird Farm Road. The suggested donation is $ 10 per vehicle.

“It’s an event,” said Sheila Blackburn, BHEC Executive Director.

In addition to the fireworks, Blackburn said the evening will include various vendors, food and even ax throwing, as well as live music from the band Sidetrack. The bar in the BHEC is also open from the age of 21.

“It’s a lot of fun,” she added.

The highlight of the evening is of course the fireworks.

According to Burns, the fireworks are actually four smaller displays choreographed by four different people from across the county, each choosing music that is broadcast simultaneously to the thousands of viewers on 94.9 FM.

The music during the show ranges from The Village People to Beethoven, with a little Tom Sawyer as an encore.

Burns, a member of Pyrotechnics International, said he took part in the local fireworks show for a simple reason. He just likes fireworks.

“And my last name is Burns,” he said jokingly. “This has been my hobby for 35 years. … To be honest, I have a hobby that people like. “

There have been many changes over the years. When he started, Burns said the display was basically setting off the fireworks “out of an oversized sandpit.”

Over the years it has evolved from manually firing the grenades to using an electronic system to today’s digital technology which, once set up, makes it so easy for even the volunteers to watch alongside the display.

“When we start, it’s basically a push of a button,” he said. “The music is transmitted to the vehicles simultaneously. It is such a refined fireworks display as you will find anywhere in the world. “

Aside from the technological changes, Burns doesn’t like to discuss how the display works behind the scenes.

“I’m proud of the show, but I don’t want to give anything away,” he said, adding that he prefers to amuse those present.

And if you enjoy this year’s show, plan on coming back. Burns and Co. are always trying to improve the show.

“Otherwise there is no point doing it,” he said. “We’ll look at that later. Our concern during the show is to make sure that everything is fired and that it went the way we wanted it to. “

While the show is meant to be part of the July 4th celebrations, there are a few rules in place. On the night of the show, the BHEC is not allowed to operate drones and “absolutely no (consumer) fireworks” are allowed on site, added Burns. The reason for the rules is simple: safety.

“You just don’t shoot fireworks in a large crowd,” he said. “You don’t know when something could start or where it could come down.”

Burns has one more tip: get to the BHEC early because the grounds will be crowded with vehicles and spectators.

“Basically, people have about five hours to hang out in the grass,” he said. “They bring their own grills. They bring their own tents. It’s a beautiful day and evening on the grass. After all, they are polo fields. “

The proceeds from the fireworks will go to the Big Horn Lions Club Scholarship Fund.

“It’s our only fundraiser this year,” said Burns, a member of the local Lions club chapter.

He added that dozens of Lions club members volunteered their time over the holiday weekend to set up the show, assist with the performance, and clean up the grounds to make the event possible.

For more information about the July 4th event, call the BHEC at 307-673-0454.

Is Fujian Blue Hat Interactive Leisure Know-how (BHAT) A Good Inventory To Purchase?

The most recent 13F reporting period has come and gone, and Insider Monkey is back on top when it comes to leveraging this goldmine of data. We have processed the filings of more than 866 top investment firms that we track and now have access to the aggregated insights of these filings, based on their holdings as of March 31, data not available anywhere else. Should you choose Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) for your portfolio? We will use this invaluable collective wisdom to answer.

Is BHAT a good stock to buy? Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) has seen a surge in interest in hedge funds recently. Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) was in the portfolios of 3 hedge funds at the end of the first quarter of 2021. The all-time high for this statistic is 3. This means that the bullish number of hedge fund positions in this stock is currently at its all-time high. Our calculations also showed that BHAT is not one of the The 30 most popular stocks among hedge funds (Click for Q1 rankings).

There are a large number of formulas in today’s marketplace that shareholders use to value stocks. A duo of the most underrated formulas are hedge fund and insider trading moves. Our experts have shown that historically those who follow the top picks of the top fund managers can outperform the broader indices by a healthy amount (see the details here). Additionally, our monthly newsletter’s long stock selection portfolio returned 206.8% since March 2017 (through May 2021), outperforming the S&P 500 index by more than 115 percentage points. You can download a sample copy of this newsletter on our website .

John Overdeck from Two Sigma

John Overdeck of Two Sigma Advisors

At Insider Monkey, we search multiple sources to discover the next great investment idea. For example, an activist hedge fund wants to buy this $ 26 biotech stock for $ 50. We have therefore recommended a long position to our subscribers to the monthly premium newsletter. We go lists like 10. by best battery stocks to pick the next Tesla that delivers a 10x return. While we recommend positions in just a tiny fraction of the companies we analyze, we review as many stocks as possible. We read letters from hedge fund investors and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With this in mind, we’ll take a look at the new hedge fund promotion Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT).

The story goes on

Do hedge funds think BHAT is a good stock to buy now?

At the end of the first quarter, a total of 3 of the hedge funds tracked by Insider Monkey were long in this stock, up 50% from the previous quarter. The graph below shows the number of hedge funds with a bullish position in BHAT over the past 23 quarters. So let’s take a look at which hedge funds were among the top holders in the stock and which hedge funds were making big strides.

When looking at institutional investors, followed by Insider Monkey, Renaissance Technologies has the leading position at Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) with a value of almost 0.9 million portfolio. On the heels of Renaissance Technologies is Two Sigma consultants, managed by John Overdeck and David Siegel, who has a position of $ 0.1 million; less than 0.1% of the 13F portfolio is allocated to the company. In relation to the portfolio weights assigned to each position Renaissance technologies the largest weighting Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT), with around 0.0011% of its 13F portfolio. Two Sigma Advisors is also relatively bullish on the stock, referring to 0.0003 percent of its 13F stock portfolio for BHAT.

As industry interest skyrocketed, certain asset managers drove this upward trend. Two Sigma Advisors, led by John Overdeck and David Siegel, hold the largest position in Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) initiated. Two Sigma Advisors had invested $ 0.1 million in the company at the end of the quarter. Ken Griffins Citadel investment group also made a $ 0.1 million investment in the stock during the quarter.

Let’s look at the hedge fund activity in other stocks that Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) are similar. We will join PHX Minerals Inc. (NYSE:PHX), TESSCO Technologies, Inc. (NASDAQ:TESS), Biomerica, Inc. (NASDAQ:BMRA), EZGO Technologies Ltd. (NASDAQ:EZGO), NXT-ID Inc. (NASDAQ:NXTD), Ocuphire Pharma, Inc. (NASDAQ:deal) and Monaker Group, Inc. (NASDAQ:MKGI). The market capitalization of this group of stocks is similar to BHAT’s market capitalization.

[table] Ticker, number of HRs with positions, total value of HR positions (x1000), change in HR position PHX, 5.6822, -1 TESS, 2.4116, -1 BMRA, 1.153.0 EZGO, 2,372.2 NXTD, 1 , 21.1 OCUP, 4.1761.3 MKGI, 1.74, -1 average, 2.3.1903.0.4 [/table]

See table here when formatting problems occur.

As you can see, these stocks had an average of 2.3 hedge funds with bullish positions and the average amount invested in these stocks was $ 2 million. That number was $ 1 million in the case of BHAT. PHX Minerals Inc. (NYSE:PHX) is the most popular stock in this table. On the other hand, Biomerica, Inc. (NASDAQ:BMRA) is the least popular with only 1 bullish hedge fund positions. Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) isn’t the most popular stock in this group, but interest in hedge funds is still above average. Our overall hedge fund sentiment score for BHAT is 61. Stocks with a higher number of hedge fund positions compared to other stocks and relative to their historical range receive a higher sentiment score. This is a slightly positive sign, but we prefer to spend our time researching stocks that are amassed by hedge funds. Our calculations have shown that Top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, outperforming the S&P 500 ETF (SPY) by 40 percentage points. These stocks rose 17.2% through June 11, 2021, again beating the market 3.3 percentage points. Unfortunately, BHAT wasn’t nearly as popular as these 5 stocks and hedge funds that bet on BHAT were disappointed as the stock returned -35.3% since late March (through 11/6) and lagged the market. If you’re interested in investing in large-cap stocks with big upside potential, this is the place to go Top 5 most popular stocks among hedge funds, as many of these stocks have already outperformed the market since 2019.

Get real-time email notifications: Follow Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)

Disclosure: None. This article was originally published at Insider monkey.

Related content

Rhode Island-based group donates cash, know-how provides to colleges in Jamaica

CUMBERLAND, RI (WLNE) – Rhode Island-based Reading Owls International announced Monday that it had donated over $ 23,000 in money and technology to pandemic schools in Jamaica.

The donation was given to the Jamaican Consulate General in New York as part of the consulate’s “A device for every child: Bridging the Digital Divide” campaign. The aim of the initiative is to connect distance learners and schools with digital learning resources.

“I am extremely excited to be working with Reading Owls International on our tablet and laptop initiative and I would like to commend them for making the right choices to invest in the future of our students. Over two hundred students in Jamaica will now have the opportunity to get involved in the virtual classroom. This is an achievement to be celebrated together as we continue to work to ensure that no student is ever left behind, ”noted the Consul General.

The devices will be distributed to five schools on the island. They should arrive in the next few weeks.

New Expertise, New Technology of Viewers Inform ‘Rugrats’ Animation Fashion

When “Rugrats“Went off the air after a decade in 2006, with a handful of Daytime Emmy wins for an animated program, half a dozen Kids Choice Awards, and a star of its own on the Hollywood Walk of Fame. It was also the second-longest running animated series on Nickelodeon (“SpongeBob SquarePants” is the longest), made three films, and the franchise’s licensing and merchandising potential seemed endless.

In other words, resurrecting the comedic adventures of the animated dead was a breeze for Nick. Nick has already wiped “SpongeBob” off the shelf and is becoming one of the biggest subscription drivers for the newly launched Paramount Plus.

More from diversity

However, when Tommy, Chuckie, Phil, Lil and Angelica return to the screens, they look brand new thanks to the CG animation style. Executive producers Eryk Casemiro and Kate Boutilier (both worked on the original series) reinterpreted “Rugrats” for new and adult audiences, aiming to create a world in which Arlene Klasky’s groundbreaking animation would be appreciated, however has been updated. Gábor Csupó and Paul Germain in 1991.

“The unusual line and design style has often been described as ugly-cute, and included many forced angles from the camera to the floor-level babies’ eyes as they embarked on their adventures,” says Casemiro. “CG allowed us to give it a really fresh look and feel contemporary compared to the original 2D.”

As a result, the main characters’ assets and designs were conceived in Burbank, California before being sent to Technicolor in India for animation. This process allowed the team to achieve those extreme “rugrats” camera angles and capture the original, asymmetrical Klasky-Csupó character design. It also allowed for more animation tools and lighting. The result is a larger environment, more realistic shadows and settings, and a greater “mood” as the characters experience their unique, fantastic adventures.

The story goes on

“Because of the sophistication of the kids and the movies they saw, we wanted them to have the same experience of being right there with the babies under the table,” adds Boutilier. “The show feels very tactile. You are really in her world, with her view of the crumbs under the couch and all that. “

The EPs add that the new “Rugrats” take into account the color palette and design of the original, but the CG style also allows for more details that further build on these characters’ worlds – from the walls or furniture to the children’s clothing wear to the scratch marks on their shoes.

Plus, the creatives can take storytelling to exciting new places themselves.

“There is an episode where the babies imagine they are going into Chas’ ear because there is a song in his head and they want to get it out,” says Casemiro. “So they’re going on a journey through the body and it’s so much more, dare I say, grotesque than 2D. It’s not cute – it actually has a slightly insane quality to it that the show always had in its design style. “

Given how much the world has changed since “Rugrats” went off the air 15 years ago, it was easy for the creatives to update the stories to reflect a new generation. Instead of repeating all the stories they’d already told, they focused on how life has turned out since then. They also updated the adult characters so that the ages of the young parents are now in line with the millennial audiences who grew up with the series, creating a double viewing experience for young families.

“We slightly changed some of the adult dynamic and made more of a group of friends who are connected,” reveals Boutilier. “Although we start our stories from a baby’s point of view, adult stories can also influence or complement a story.”

“It’s safe to say that it was easier to generate stories now than it was towards the end of ‘Rugrats’,” adds Casemiro. “I remember this existential crisis like: ‘What else can you learn, we’ve done everything! ‘ back then. But the refresh was nice. It was a whole new set of circumstances, but the characters were like old friends. It was easy to imagine how these characters would face these new circumstances, since their core personalities have not changed. When we started writing it was like a hug from an old friend. “

“Rugrats” debuts May 27th on Paramount Plus and Nickelodeon.

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Bloomberg

Ladbrokes parents go from prey to hunter in the casino merger boom

(Bloomberg) – Entain Plc, the owner of Ladbrokes betting shops, is considering making an offer on some of William Hill’s assets just months after a $ 11 billion unsolicited bid was rejected by MGM Resorts International. Andersen, who acquired the company in January, plans to investigate William Hill Plc’s assets for sale by Caesars Entertainment Inc. outside the US, including well-known UK real estate. “We’re looking at everything, so we are certainly also looking into whether this could be an interesting opportunity,” she said in a recent interview. A deal would cause massive consolidation in UK betting shops, in which Entain already has a 40% stake. Bloomberg reported last year that the company was also interested in buying William Hill’s non-U.S. Assets under a previous CEO. The global online gaming market is expected to grow in double digits to as much as 158 billion US dollars annually through 2028. This has sparked a global race of casino operators, sports team owners, media companies, and private equity firms looking to build a strong position in the fast-growing business. In January, UK bookmakers Ladbrokes and Coral’s parent company declined MGM’s offer for being too low and named Nygaard-Andersen, an existing board member, as CEO. “I don’t know if you should say exciting, but it was a busy Christmas and part of January,” said Nygaard-Andersen, 52. In April, Entain took control of Enlabs AB, a Swedish online betting company with a large presence in the Baltic States. According to Bloomberg data, the total volume of completed or pending casino deals has increased 33% this year to $ 22 billion. Notable transactions include the merger between Bally’s Corp. and Gamesys Group Plc as well as the acquisition of the Venetian by Apollo Global Management Inc. in Las Vegas. Nygaard-Andersen, whose most recent experience includes running esports teams and tournaments, sees a convergence between online betting and other forms of digital entertainment such as video games. She talks about how games like Take-Two Interactive Software Inc.’s Grand Theft Auto could potentially add a real casino or increase the chances of wagering on Fortnite tournaments. But that’s still down the street. Currently, Nygaard-Andersen and her Deputy CEO and Chief Financial Officer Rob Wood are reviewing deals around the world. April Deal William Hill agreed in April to be acquired by Las Vegas-based Caesars, its sports betting partner, for $ 4 billion in the US Caesars has announced that it will sell its assets outside the US within 12 months to remove debt of $ 2 billion. These companies accounted for more than 80% of William Hill’s sales last year, according to a public filing. The auction is expected to start in about two weeks, and Caesars’ preferred approach is to sell all of the assets together, said a person familiar with the matter. Chad Beynon, an analyst at Macquarie Securities, estimates it is worth about $ 2.5 billion. One hurdle for Entain could be regulatory, said Nygaard-Andersen. Working with William Hill would give the company a large share of the UK market. Caesars did not respond to a request for comment. Apollo, who lost to Caesars in the takeover of William Hill, is also interested in bidding on the non-bidders. US assets and possibly the leading candidate, according to those familiar with the matter. Apollo is also bidding against Entain for the Tabcorp assets. Apollo declined to comment. Other private equity firms may be interested, including CVC Capital Partners, who declined to comment. Blackstone Group Inc. considered doing so, but decided against pursuing the property, according to a person familiar with the company’s thinking. Similar strategy Flutter Entertainment Plc, owner of Paddy Power betting shops in Ireland and the FanDuel brand in the US, outlined a similar position “I don’t think we would acquire a very large number of stores, but we are always interested in our presence in retail, “said Peter Jackson, chief executive officer. “If there were customer databases or other things that we could acquire in European markets, we would look at that.” Another potential candidate for William Hill’s deals is Fred Done, the owner of Betfred, a competing bookmaker who owned approximately 6% of the shares in William Hill prior to the Caesars deal. A representative said he was still considering his position. Nygaard-Andersen, the first woman to run a UK-listed betting company, was unaffected by competition or the challenges of a William Hill deal. And the company still has its online betting company in the US with MGM. The two companies have invested roughly $ 500 million in a company that could now be worth more than $ 10 billion. “We have a variety of options,” said Nygaard-Andersen. “So let’s see.” You can find more stories like this on bloomberg.com. Sign up now to stay up to date with the most trusted business news source. © 2021 Bloomberg LP

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TipRanks

3 trading stocks at rock bottom; Analysts say “buy”

Investing is all about profits, and part of generating profit is knowing when to start the game. The old saying goes that one should buy cheap and sell high, and while it is tempting to simply devalue such clichés, they have passed into the common currency because they embody a fundamental truth. Buying low is always a good place to start when building a portfolio. The trick, however, is to identify the right stocks to buy cheap. Prices fall for a reason, and sometimes that reason is a fundamental obscurity. Fortunately, Wall Streets analysts are busy separating the chaff among the market’s cheap stocks, and some top stock pundits have flagged multiple stocks for big gains. We used the TipRanks database to pull up the data and ratings for three stocks that are currently cheap but may be looking to make a profit. They have received positive reviews and, despite their stock devaluation, hold buy ratings and have an upside potential of over 80%. Vapotherm, Inc. (VAPO) First off, Vapotherm is a medical device manufacturer specializing in high flow, heated, humidified nasal cannulas. These are therapeutic breathing aids with which oxygen-containing air can be delivered directly to the patient’s nose. By heating and humidifying the air, the unpleasant release of dry oxygen is reduced. As expected, Vapotherm has seen heavy sales during a respiratory disease pandemic in recent months – but its share price has been pulling back since early February. Paradoxically, the two events are related. First, Vapotherm’s financial results for the first quarter of 21 were positive. The company’s revenue increased 69% year over year to $ 32.3 million, and Precision Flow base unit installations worldwide increased 73% over the same period. The company’s net loss for the quarter of $ 5.2 million was an improvement on a loss of $ 10.2 million for the year-ago quarter. On the negative side, VAPO shares have fallen from their high in early February. The decline is substantial; The stock has fallen 50% since its peak and is down 34% since the start of the year. The decline in the stock’s value reflects concerns that the company’s flagship is oversold and that customers have bought more equipment than would be needed in normal times for fear of COVID-related respiratory distress. Such is the case of Piper Sandler analyst Jason Bednar. “Stocks have fared significantly worse since early February as many investors questioned the bolus usage dynamics from Precision Flow systems sold to hospitals last year. We understand the logic here, especially for investors with a shorter time horizon, but with a lot of that concern is apparently already being reflected in the stock at current levels. We believe the upside opportunity far outweighs the risk of further downtrend, ”commented Bednar. The analyst added, “We also believe that investors waiting for occupancy trends to bottom out will ultimately miss an initial surge that could occur if HVT 2.0 makes a contribution with a rollout later this year and the market for HVT 2.0 expands to take a clearer shape in 2022 (especially EMS and home care). “To that end, Bednar rates VAPO as overweight (i.e. buy) and its target price of $ 32 implies a robust uptrend of 81% im next year. (To see Bednar’s track record, click here.) Overall, Strong Buy’s unanimous consensus rating for this stock, backed by 4 recent analyst reviews, makes it clear that Bednar is not alone in its bullish view. The average price target here, USD 39, is even more optimistic and indicates an upward movement of ~ 122% from the current trading price of USD 17.65. (See VAPO stock analysis on TipRanks) Emergent Biosolutions (EBS) The next stock we look at, Emergent, is a biopharmaceutical company. The company has several products on the market, including a NARCAN nasal spray for use in patients with opioid overdose and vaccines for smallpox, anthrax and other diseases. Emergent’s development pipeline includes the pediatric cholera vaccine Vaxchora, which is currently in a Phase III study. Several programs, including an anthrax vaccine candidate, a chikungunya vaccine, and a seasonal flu shot, have completed Phase II and are preparing for Phase III. One of Emergent’s key programs is the contract development and manufacturing service, which is being extended to other pharmaceutical companies to manufacture vaccines they have developed. Emergent is part of Johnson & Johnson’s production chain for a COVID-19 vaccine as part of a CDMO plan. The latter is an important point. The J&J vaccine has been linked, at least in some reports, to serious adverse events, particularly blood clots in otherwise healthy recipients. This has resulted in a delay in the manufacture of the vaccine and, consequently, a delay in receiving payments from J&J. This in turn impacted the company’s financials in Q1 21, resulting in lower than expected sales and earnings. Investors are concerned, and the stock is down 33% since the start of the year. Despite the setback, benchmark analyst Robert Wasserman retains a buy rating for EBS shares and a price target of $ 120. If this is correct, the analyst’s target could be an annual return of 101%. (To see Wasserman’s track record, click here.) “EBS remains solidly profitable and, despite lowered expectations for J&N and AZ vaccine deals, expect solid sales growth this year. These stocks remain a bargain on our CDMO / Bioprocessing and could offer value investors a significant upward trend if circumstances change or new business can be made at short notice, “said Wasserman. Overall, the street currently has a cautiously bullish outlook for the stock. The analyst consensus rates EBS as a moderate buy based on 3 buys and 2 holds. The stock is priced at $ 59.59, and the average target price of $ 89.67 suggests upside potential of ~ 50% over the next 12 months. (See EBS stock analysis at TipRanks) Haemonetics Corporation (HAE) For the last stock on our list, we stick with the medical industry. Haemonetics manufactures a range of blood and plasma collection and separation products, software for machine operation and service contracts for maintenance. In short, Haemonetics is a single point of contact for blood donation centers and hospital blood banks. Blood products are a $ 10.5 billion market in the US alone, accounting for 80% of plasma, and Haemonetics has become an integral part of that business. Haemonetics steadily recovered from a decline in sales at the height of the corona crisis, and third quarter fiscal 2021 earnings showed solid results: sales of $ 240 million and earnings per share of 62 cents. While sales fell 7.3% year over year, earnings per share rose 6.8%. Even so, the stock fell sharply between April 15 and April 20, losing 42% of its value in that short time. The reason was simple. One of Haemonetics’ largest customers, CSL Pharma, announced that it has no plans to renew its contract with HAE. This contract for the supply, use and maintenance of Haemonetics’ PCS2 plasma collection system was valued at US $ 117 million and represented approximately 12% of the company’s sales. The cancellation comes with a one-time charge of $ 32 million for other related losses. Fortunately for HAE, the CSL contract doesn’t expire until June 2022, so the company has time to plan and prepare. Analyst David Turkaly reported on JMP Securities: “The announcement gives HAE some time (~ 15 months) to prepare for the expiry and we find that management is consistently strengthening its financial position through levers such as complexity reduction and product has optimization to make significant cost savings, and more of these will likely be used up-front to make up for customer loss. The analyst continued, “While this disappointing decision could affect HAE’s plasma positioning with other fractionators, we continue to believe that giving customers the ability to collect more plasma in less time – and having HAE is a very compelling value proposition.” still contracts and maintains a significant market. Share with many of the major plasma players. ”Accordingly, Turkaly rates HAE as outperforming (ie buying) with a target price of $ 110. This number implies an upward movement of 86% from the current level. (To see Turkaly’s track record, click here.) Overall, HAE has a consensus rating for moderate buying, based on 7 ratings breaking down 5 to 2 in favor of buying across the holds. The stock trades for $ 59.02 and has an average target price of $ 108.67, which is an uptrend of ~ 84% for a year. (See HAE stock analysis at TipRanks.) To find great ideas for trading stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are solely those of the presented analysts. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.

Riva Know-how and Leisure indicators a model licensing

California, Los Angeles, May 4, 2021 (GLOBE NEWSWIRE) – Riva Technology and Entertainment announced today that they have signed a trademark license agreement with legendary comic book series publisher Dark Horse. As part of the deal, RTE will produce several mobile games based on the hugely successful Umbrella Academy comics and the Netflix series.

RTE has made a number of acquisitions, partnerships and licensing agreements over the past several years, including a licensing agreement with MGA Entertainment earlier this month to produce and release mobile games based on their hit traits LOL Surprise! and rainbow high.

Earlier this year, RTE invested in several companies including SUB2r, which makes broadcast quality streaming video cameras, leading game maker Rogue Games, and OKLetsPlay, the leading platform for esports cash matches and tournaments. RTE also owns a majority stake in global game maker Firefly Games.

Dark Horse Comics was founded in 1986 with the aim of attracting the top talent in the industry through a business model that recognizes the rights of comic book creators. In the 35 years since Dark Horse Comics was founded, the company has grown to become the third largest comic book publisher in the United States and has built a steadily growing, enthusiastic fan base. In 1988, Dark Horse revolutionized comics based on popular films with the release of its hit series Aliens. Predator soon followed. The launch of Star Wars in 1990 cemented Dark Horse’s dominance in film-based comic series. While licensing projects have been around for decades, most publishers spent few resources on titles they didn’t own. Dark Horse took a different pace, planning storylines and using top talent to create series of comics, which were essentially sequels to popular films. This new approach had tremendous success, with sales of these popular titles running into the millions. Today Dark Horse is the recognized industry leader in this profitable publishing niche.

In 2007, Dark Horse released the Umbrella Academy comics, the story of a dysfunctional family of adopted sibling superheroes who reunite to solve the mystery of their father’s death and the threat of an impending apocalypse. A mix of dynamic storytelling by My Chemical Romance frontman Gerard Way and eye-catching artwork by Gabriel Bá made the book a hit with music and comic fans and won numerous awards over the course of two mini-series. When Dark Horse and Netflix merged in 2018, Gerard Way and Gabriel Ba met again to return their award-winning series Harvey, Eisner and YALSA, and the Umbrella Academy’s success really began to accelerate. The following year, the television series Umbrella Academy premiered on Netflix with worldwide acclaim. The first season was released on Netflix on February 15, 2019. In April 2019, Netflix reported that 45 million households had seen season one in the first month of its release, making it one of the most streamed series of the year.

RTE is very pleased to have acquired the trademark license from Dark Horse to further improve the series with the production of several mobile games from the Umbrella Academy.

Paul Roy, CEO and Founder of RTE, said: “We are very excited to bring The Umbrella Academy series, which is already popular around the world, to the gaming space and enable it to achieve even greater global success. We think this is an excellent advancement for Dark Horse comics and look forward to working with you on this journey. ”

“Working with IP and licensing experts Riva Technology and Entertainment will be mutually beneficial and a strategic move for Dark Horse that will give us access to part of the billion dollar gaming industry. We carefully select our partners based on their experience and industry impact, and RTE was the obvious choice for that, ”said Dark Horse Chairman Stanley Cheung.

“We are very much looking forward to our hugely successful The Umbrella Academy series transforming into its newest form in gaming,” added Mike Richardson, Founder and CEO of Dark Horse.

About Riva Technology and Entertainment:
RTE was founded in 2002 and is represented worldwide from the USA to East Asia. RTE has been successfully implementing tomorrow’s vision for almost 20 years. The RTE group of companies has an industry advantage in the ability to accompany every project from concept to execution. all housed under one roof. The complementary businesses include location-based entertainment, trademark and intellectual property licensing, content development, consumer products, games, and sports.

The original news can be found at https://www.prdistribution.com/news/riva-technology-and-entertainment-signs-a-brand-licensing-deal-with-dark-horse-comics-to-produce-the-umbrella-academy-mobile- games.html

Riva Know-how and Leisure indicators model licensing cope with International toy big MGA Leisure | Nationwide Information

THE ANGEL, April 12, 2021 / PRNewswire / – Riva Technology and Entertainment (RTE) announced that it has entered into multiple trademark license agreements with toy industry leader MGA Entertainment (MGAE) to develop and publish mobile games based on the successful properties of the global Toy company LOL Surprise! ™ based and Rainbow High ™.

RTE is a veteran in the gaming and IP business who has been building gaming companies and concluding and developing top license agreements for over 20 years Hollywood, Bollywood, Sports and up to the world’s leading brands.

LOL Surprise! ™ by MGA Entertainment is a global phenomenon that has won the prestigious Toy of the Year award for three years. MGA’s newly launched Rainbow High debuted in 2020 and has already become a cultural phenomenon that is present across products, content and integrated digital media.

The global game market with a value of USD $ 162.32 billion in 2020 and expected to reach USD $ 295.63 billion until 2026. Mobile gaming generated $ 13.2 billion Revenue in US dollars in 2019.

“MGA has a diversified portfolio of leading brands and makes fantastic, award-winning toys. Our vision of integrating the world of mobile play with consumer products and toy culture is closely aligned. I admire them for their steady growth over the years and The incredible effort they put into creating a universe that represents each of their collections. RTE is always keen to connect with the greatest and best, and MGAE certainly is. Details on upcoming games will be shortly announced, “he said RTE CEO & Founder, Paul Roy.

Isaac Larian, CEO and Founder of MGA Entertainment, added, “We are excited to partner with RTE, which has a proven track record of working with the largest IPs and delivering high quality results. Our digitally native fans want to experience our award-winning brands across all platforms, Mobile Gaming is for us A strategic focus in 2021 and beyond. MGA’s goal is to significantly expand both digital gaming and NFTs. “

About RTE:

RTE was founded in 2002 with a global presence from the USA to East Asia and has been successfully implementing the vision of tomorrow for almost 20 years. RTE has an industry advantage in its ability to guide every project from concept to execution. all under one roof. The complementary businesses include location-based entertainment, branded and IP licensing, content, consumer products, games, and sports.

Photo – https://mma.prnewswire.com/media/1483934/RTE_MGA_Entertainment.jpg