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Black Knight's Early Warning Suite Monitors Origination Pipelines for Properties Potentially Impacted by Natural Disasters, Helping Lenders Mitigate Losses and Close with Confidence - Yahoo Finance

Black Knight's Early Warning Suite Monitors Origination Pipelines for Properties Potentially Impacted by Natural Disasters, Helping Lenders Mitigate Losses and Close with Confidence - Yahoo Finance

Black Knight's Early Warning Suite Monitors Origination Pipelines for Properties Potentially Impacted by Natural Disasters, Helping Lenders Mitigate Losses and Close with Confidence - Yahoo Finance
Apr 12, 2021 10 mins, 51 secs

See more from BenzingaClick here for options trades from BenzingaSPACs Attack Weekly Recap: 6 Deals, Rumors And Headline NewsExclusive: Gary Vee On Sports Cards Investment Options, What's Ahead For NFTs© 2021 Benzinga.com.

However, Byrnes anticipates Zilretta to exhibit “stellar growth in 2021 and beyond.” “We remain highly confident that the demand for ZILRETTA will continue to strengthen, bolstered by product awareness and positive clinical experiences of both patients and HCP, augmented by improvements in HCP interactions and deferral of total knee arthroplasty (TKA) surgical procedures,” the analyst said?

That revenue growth will go hand in hand with massive share appreciation; Byrne’s price target is $35, suggesting upside of ~339% over the next 12 months.

While not as optimistic as Byrne’s objective, the $20.22 average price target is still set to yield returns of an impressive 153% within the 12-month time frame.

Based on all of the above, Darout rates TARA a Buy and has a $48 price target for the shares.

The stock is backed by an optimistic average price target, too; at $43.67, the shares are anticipated to appreciate by ~198% in the year ahead.

This Chicago-based company is one of the stalwarts of the rising cannabis sector, boasting the second highest market-cap in the industry and exhibiting impressive growth over the last year.

We believe the upside opportunity remains compelling at these levels.” Going by Fortune’s $45 price target, shares will be changing hands for a 70% premium a year from now.

The average price target, at $47.71, suggests an upside of 79% over the next 12 months.

The rupee fell 0.4% to close at 75.0550 per dollar on Monday.“We expect the rupee to weaken versus the USD as have other EM currencies,” and given the slow progress of vaccination, the economy “will be slower to recover,” R Venkataraman, managing director at IIFL Securities, wrote in a note.(Updates with closing prices; adds IIFL analyst’s comment in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

economic reports this week may signal the underlying strength of growth and inflation pressures as the country’s thaw from the coronavirus crisis begins to spread.One of the most-watched reports will be the consumer price index, with March data likely to show a heady acceleration from last year’s pandemic conditions.

Economists may zero in on the monthly change to gauge momentum however, with a 0.5% gain forecast.Investors are watching such figures to determine the odds of elevated price pressures becoming self-sustaining, amid possible supply-chain constraints, massive fiscal and monetary stimulus and pent-up consumer demand.The March retail sales report will likely bear out that demand theme, which has prompted economists to raise growth forecasts for this year.

While home sales have shown signs of leveling off, builder backlogs remain hefty.What Bloomberg Economics Says:“Narrow pockets of elevated demand and localized supply-chain disruptions will create price spikes in a limited subset of categories.

The Fed’s Beige Book -- a collection of economic and business activity assessments within each of the central bank’s 12 regions -- is also due.In Canada, the quarterly business sentiment survey will be the central bank’s last data point before its April 21 decision.For more, read Bloomberg Economics’ full Week Ahead for the U.S.AsiaChina’s trade data on Tuesday is set to show another surge in both exports and imports in March from a year earlier, when Covid-restrictions were still curbing commerce.

On Friday, industrial production, retail sales and investment data for the same month and GDP figures for the first quarter are all projected to race higher for the same reason.Central banks in New Zealand, Singapore and South Korea all have meetings, with no changes to their main policy settings expected, according to early survey responses from economists.For more, read Bloomberg Economics’ full Week Ahead for AsiaEurope, Middle East, AfricaData in coming days will start hinting at how the region fared in the first quarter at a time of renewed lockdowns and varying efforts at vaccinations.In the U.K., gross domestic product probably rose in February, but by too small a quantum to cancel out the 2.9% drop recorded in the previous month.

Taken as a whole, Latin America’s bigger economies saw a surge in trade surpluses in 2020 as the pandemic’s demand shock curbed imports.For more, read Bloomberg Economics’ full Week Ahead for Latin AmericaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

(Bloomberg) -- For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles.As the October public offering of BinDawood Holding Co.

In a departure from the traditional secrecy associated with the kingdom’s family firms, Jeddah-based BinDawood revealed everything, put the IPO on hold and gave buyers the chance to take their money back.As the loans were quickly repaid, the sale resumed and eventually raised about $500 million for the family, attracting $29 billion in bids along the way.“We have to be very transparent with investors,” BinDawood said in an interview in Riyadh last month.

What’s more, it has made him emblematic of a drive to shake up traditional ways of doing business, dovetailing with Saudi Crown Prince Mohammed bin Salman’s goal of transforming the oil-rich kingdom into a regional business hub.That mold-breaking character can even be seen inside BinDawood stores.

And all at a time when the Covid-19 pandemic has been stoking unemployment.“We remain cautious of near-to-mid term growth across the consumers space as market size shrinks on potential expat depopulation,” said Mehwish Zafar, a senior equity analyst at Arqaam Capital in Dubai who has a “hold” recommendation on the shares.

Like-for-like sales growth will probably be negative until at least 2022, he said, with growth only coming from new store openings or acquisitions.Shares in BinDawood jumped more than 30% in the days immediately after the sale.

They have since slipped back, showing as of Monday a gain of about 11.5% from the listing price.It’s a performance that has helped buttress the family’s bid to diversify into other assets while strengthening the core business, a goal identified by Ahmad BinDawood as key to avoiding the kind of strife his father feared might undermine the business as it passed to a new generation.“The majority of family businesses don’t survive the transition to the third generation, and that’s something that concerned my father a lot,” BinDawood said.Pilgrims ProgressThe rise of the BinDawood business has been some 40 years in the making.

The grocery business alone employs more than 10,000 people across 74 stores.Ahmad BinDawood’s own destiny was sealed as soon as his father, Abdulrazzag BinDawood graduated in the 1980’s from the King Fahd University of Petroleum and Minerals in Dhahran.

At just eight, he was helping to sell items to the pilgrims during his school holidays, envious of friends who were away avoiding Saudi Arabia’s scorching summers.“Our friends were traveling and off enjoying themselves and sometimes we would would ask: why not us?” BinDawood said.

“But that experience built the passion in us to stay in the business that our father and our uncles built.”A decision to push into online shopping and delivery helped prepare the firm for lockdowns during the coronavirus pandemic, but couldn’t outweigh the hit from the absence of religious tourists who were prevented from entering the kingdom for much of the year.

While profit climbed almost 7% last year, it had slumped more than 53% in the fourth quarter as Saudi Arabia reimposed travel restrictions.BinDawood is still optimistic that shoppers will return as travel resumes, though how quickly pilgrims come back to Saudi Arabia in anything like their previous numbers remains uncertain.Next up may be the purchase of a rival grocery chain to expand into neighboring countries, BinDawood said.

That fortune, which is split across several family members, is estimated at about $3.1 billion, according to the Bloomberg Billionaires Index.“The IPO had two main angles to it -- sustainability and continuity of the business first, and second the diversification for the family,” he said.

The IPO of Saudi Aramco in 2019, which many Saudis never thought they would see, “has been a massive driver in motivating families to take their operating businesses public to help grow their enterprises and generate new wealth,” said Tayyab Mohamed, co-founder of London-based family office staffing firm, Agreus Group.For all the challenges, Ahmad BinDawood is optimistic, citing his life-long involvement in the business as a foundation for success.“Retail is embedded in our DNA now,” he said.(Updates share performance in ninth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

will -- when completed in the first half of next year --- be able to store 15,000 tons of silver.

All this has some analysts forecasting that silver will outperform gold this year.“The outlook for demand growth for silver over the next few years looks very positive, especially across a wide range of industrial applications, including solar, 5G and automotive,” said Philip Klapwijk, managing director of Hong Kong-based consultant Precious Metals Insights Ltd.

“That, coupled with ongoing high levels of investment is likely to create the need for more dedicated storage space for silver in bullion and also intermediate forms.”Gregor Gregersen, founder of Silver Bullion, said he started searching for a bigger warehouse two or three years ago and that decision was vindicated last year when demand for the metal surged during the coronavirus pandemic.

“There isn’t really a facility built specifically to store large quantities of silver securely.”Singapore has a reputation as a stable financial center and has taken steps to position itself as a bullion hub, exempting investment-grade gold, silver and platinum from a goods and services tax.Physical investment in silver, which covers bullion coin and bar purchases, is expected to reach a six-year high of 257 million ounces in 2021, according to the Silver Institute.Spot silver, currently trading around $25 an ounce, is forecast by Citigroup Inc.

to peak at $28 to $30 in the second half, aided by “still solid” investment demand and an end to physical de-stocking in China and India.

The lender sees the price averaging $27.30 this year.

The Silver Institute expects the global market to remain in a surplus this year, although it sees the lowest excess since 2015.

And even against a backdrop of strong electronics and automotive demand as well as growing solar power investment, silver’s failure to break higher suggests the gold price, real yields and the U.S.

dollar remain powerful drags, Morgan Stanley said in a note.“Considering the high correlation of silver to gold, and our bearish outlook for the yellow metal over the next 12 months, we expect silver together with gold to continue to struggle amid higher real interest-rate expectations in the U.S.,” said Giovanni Staunovo, a strategist at UBS Group AG.JM Bullion Chief Executive Officer Michael Wittmeyer is more optimistic.

The Reddit-fueled buying frenzy caused a spike in demand from existing silver bugs as well as bringing in a lot of first-time investors in the metal, he said.

“We’re just trying to expand our capacity so that next time this happens, we’ll be able to get all these orders shipped more quickly.”The accelerating move away from fossil fuels should also provide an enduring tailwind for silver demand as investment in solar power ramps up.

is considering emissions cuts of 50% or more from 2005 levels by 2030.The energy transition demand should give prices an extra boost, said CPM Group analyst Rohit Savant.

Silver will average $27 this year and beat gold due to its relatively cheaper valuation and strong investment demand, he said

“But it’s starting to shine a bit more and that trend will continue.”(Updates with spot silver price in the 16th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P

He lowered his stock price target to $10, which is 94% below Friday's closing price of $158.36, from $12, which makes him the most bearish of the seven analysts surveyed by FactSet

Woo said he remains "very concerned" about the long-term prospects for its video game business, "especially once hardware sales temper as the installed base matures

He said the stock's big rally over the past several months -- it's up 740.6% year to date through Friday -- is due to "wild investor optimism" about the company's prospects and valuation and "a humungous short squeeze," helped by the addition of Ryan Cohen to the company's board

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