New York Jets tight end Chris Herndon is reportedly “drawing interest from multiple teams” ahead of the Nov. 3 trade deadline, according to Jason La Canfora of CBS Sports… Innovative companies can deliver big-time returns to patient investors. A.J. Green, Carlos Dunlap and Geno Atkins are just some of the Cincinnati players who could be on the move The Houston Texans might be serious sellers before Tuesday’s NFL trade deadline. With the team limping to a 1-5 start and already firing former head coach and general manager … Forex news for Asia trading
for Monday 26 October
When oil trade opened lower
for the week it set the tone for lower currencies and US equity
indexes for much of the session here, although currency moves have
been held to small ranges.
By Eamonn Sheridan
Zach Bolinger/Associated Press
New York Jets tight end Chris Herndon is reportedly “drawing interest from multiple teams” ahead of the Nov. 3 trade deadline, according to Jason La Canfora of CBS Sports.
He could be considered an option for the New England Patriots as they look to upgrade the passing attack, with receivers Adam Thielen, Willer Fuller and Breshad Perriman considered other possibilities.
Herndon has 13 catches for 98 yards in six games so far this season after injuries and suspension held him to just one game in 2019.
The 2018 fourth-round pick showed a lot of promise as a rookie with 39 catches for 502 yards and four scores, second on the team to Robby Anderson in each category.
He missed the first four games of 2019 after violating the league’s substance-abuse policy, while a hamstring injury kept him out the next four games. He caught one pass before fracturing his ribs in Week 10 and was placed on injured reserve.
Returning to full strength in 2020 provided some excitement for the 24-year-old, but he hasn’t connected well with either Sam Darnold or Joe Flacco at quarterback.
After an 0-6 start, the Jets can move any players with value on the trade market that will help return assets for a rebuild.
Meanwhile, Herndon represents a low risk with just a $917,381 cap hit for 2020 and $1.09 million mark for 2021 before hitting free agency, per Spotrac.
If the 6’4″, 253-pound athlete can reach his potential in a new location, he could represent excellent trade value in the coming weeks.
Author: Rob Goldberg
4 Unstoppable Stocks to Own in the New Bull Market
Whether you’re a novice or someone who’s been investing for decades, we can all agree that it’s been a wild year on Wall Street. We’ve witnessed the fastest bear market decline in history, as well as the quickest rebound to new highs from a bear market low of all time.
But there are two important facts all investors should understand about this market. First, every single stock market correction in history has eventually (key word!) been erased by a bull market rally. Secondly, we are firmly in a new bull market. In other words, it pays to own innovative, high-quality businesses, because unlike bear markets, bull markets are almost always measured in years, not months.
As this new bull market finds its legs, consider buying these four unstoppable stocks.
Image source: Getty Images.
Precision medicine looks to be the hottest trend in healthcare this decade. Instead of one-size-fits-all treatments, anything that personalizes treatment plans or improves individual convenience is going to be celebrated. That’s why you’re going to want to own Teladoc Health (NYSE:TDOC).
Teladoc, as the name implies, is a burgeoning telemedicine powerhouse that’s seen its sales grow at a compound annual rate of about 75% since 2013 (assuming it hits $1 billion in annual sales in 2020). Yes, the company has benefited from the coronavirus disease 2019 (COVID-19) pandemic, with virtual visits more than tripling in the second quarter. However, there was a value proposition at play long before COVID-19 struck. That’s because telemedicine visits are cheaper for health insurers than in-office visits, and they more time-convenient for patients and physicians.
Were the Teladoc Health story not already exciting enough, it’s also in the midst of acquiring applied health signals company Livongo Health (NASDAQ:LVGO) in an $18.5 billion cash-and-stock deal. Livongo collects copious amounts of data on patients with chronic illnesses and relies on artificial intelligence (AI) to send its members tips and nudges to help them lead healthier lives. Livongo has consistently doubled or nearly doubled its year-on-year Diabetes member counts and is already profitable on a recurring basis, despite only having a little over 1% saturation of the U.S. diabetes market.
Image source: Getty Images.
When discussing no-brainer investments, cybersecurity has to be at or near the top of the list. As more and more businesses shift online or into remote work environments, there’s growing importance on protecting company-sensitive information. This protection is increasingly falling into the hands of cloud-focused cybersecurity companies like CrowdStrike Holdings (NASDAQ:CRWD).
CrowdStrike’s Falcon platform is cloud-native and uses AI to assess more than 3 trillion events each week. Basically, the company’s platform is growing smarter every day in recognizing threats. That’s obviously something CrowdStrike’s clients have come to appreciate, as the percentage of customers with at least four cloud module subscriptions has catapulted from 9% in fiscal Q1 2018 to 57% in fiscal Q2 2021 — a stretch of 13 quarters. Having existing clients spend more is CrowdStrike’s recipe for rapid margin expansion.
Speaking of expansion, the company’s gross margin has already settled into the long-term target range of 75% to 80%. This is the result of the high margin associated with subscription-based revenue, the fact that existing clients are spending more, and CrowdStrike’s triple-digit customer growth in each of the past three years. CrowdStrike should have little trouble doubling sales a couple of times this decade.
Image source: Getty Images.
Have I mentioned the importance of precision medicine?
There are dominant stocks within a specific industry, and then there’s Intuitive Surgical (NASDAQ:ISRG) in the assistive surgical space. The company has installed 5,865 of its da Vinci surgical systems worldwide over the past 20 years. That’s far more than any of its competitors on a combined basis. What’s more, some deep-pocketed competitors have run into snags prior to the launch of competing systems. Intuitive Surgical has had 20 years to build up rapport with the medical community, and its competitive advantage appears virtually insurmountable.
Additionally, the company’s operating margin is built to get better over time. During the 2000s, the lion’s share of the company’s revenue was derived from selling its pricey da Vinci system. The problem is that these systems are intricate and costly to build, which means the margins aren’t that great. However, we’ve witnessed instruments and accessories sold with each procedure and service revenue soar in recent years. These are considerably higher-margin operating segments. Through the first nine months of fiscal 2020, these higher-margin revenue channels have accounted for 73.2% of total sales.
As time passes, Intuitive’s earnings growth should have no trouble outpacing its sales growth.
Image source: Getty Images.
Yes, I just went ahead and included an electric utility stock among a list of rapidly growing companies that you’re going to want to own for the new bull market. As you’re about to see, NextEra Energy (NYSE:NEE) is every bit as unstoppable as Teladoc, CrowdStrike, and Intuitive Surgical.
What makes NextEra so special is the company’s willingness to innovate. No electric utility is generating more capacity from solar or wind power than NextEra. While the cost to upgrade its electric-generating capacity to renewables isn’t cheap, the reward is bountiful. NextEra’s electric-generation costs have sunk over time, and its compound annual growth rate has consistently averaged in the high single digits over the past decade. If Capitol Hill ever lays out clean-energy requirements for our nation’s utilities, NextEra Energy will be ahead of the curve.
As for the company’s traditional utility operations (i.e., non-renewable energy), they’re regulated. This is a fancy way of saying NextEra can’t pass along price hikes anytime it wants, but instead needs the OK from state public utility commissions. While that might sound like an impediment, it’s actually not. It ensures that NextEra doesn’t contend with potentially volatile wholesale electric pricing, and it makes the company’s cash flow very predictable.
Author: Sean Williams
NFL trade deadline: Bengals more open to dealing this year with a bevy of players wanting out of Cincinnati
The Bengals incurred some scorn around the league a year ago from rival executives for essentially sitting out the trade deadline despite pursuits for several of their veteran players during what would be a 2-14 season. And while there is still some pessimism that the rebuilding franchise will truly embrace the opportunity to make significant changes at the deadline next week, rival executives are very aware of a growing core of disgruntled veterans who badly want out, leading to a sense that a trade or two is possible.
Executives from multiple teams who have sent out feelers to the Bengals are detecting a vibe that is not quite as trade-averse as it was a year ago.
“I think they are more open to it, yeah,” one general manager said. “I’m just not sure how realistic they’re going to be about the value of these players. We’ll see. I know they’re getting calls and there a bunch of players who want out of there ASAP.”
“Who knows, man?” another executive said. “Every time we talk to them it feels like a waste of time because they can’t pull the trigger.”
Former star defensive linemen Carlos Dunlap and Geno Atkins have made it clear they want to be dealt by the deadline, league sources said, and there is a very strong perception among personnel men around the NFL that former star receiver A.J. Green and top cornerback William Jackson would be very open to a change of scenery. Green’s salary on the franchise tag, steep injury history and lack of performance this season make a trade very difficult, with owner Mike Brown not one to eat salary in order to facilitate a trade. Receiver John Ross, a former first-round bust, also wants out but wouldn’t fetch much in a trade.
With a young coaching staff building around promising rookie quarterback Joe Burrow, some of the executives who have contacted the Bengals believe they are open to moving Dunlap or Atkins in particular, concerned about their impact in the locker room with so many young, impressionable players integrated into the team this year. However, teams interested in those players are not inclined to give up much for them, I’m told, viewing them as salary dumps of sorts with concerns about their recent production.
Regardless, where a year ago it seemed like an impossibility the Bengals would move anyone, there is at least some chance of a meaningful transaction next week.
Author: Jason La Canfora
NFL Trade Rumors: Texans’ Duke Johnson, Darren Fells Receiving Interest
Wade Payne/Associated Press
The Houston Texans might be serious sellers before Tuesday’s NFL trade deadline.
With the team limping to a 1-5 start and already firing former head coach and general manager Bill O’Brien, Houston has been “engaged in conversation with a number of teams about dealing veterans by next week,” per Jason La Canfora of CBSSports.com.
In particular, a number of offensive weapons could be on the move:
“Rival executives expect the Texans will trade at least one receiver by the deadline—Will Fuller and Brandin Cooks are the most talked about at this point—and are gauging the market for veteran pass rusher Whitney Mercilus. Running back Duke Johnson and tight end Darren Fells have also drawn some interest, and teams that have been in contact with Houston believe there is a definite willingness to shed some payroll and reposition the franchise for the future if possible.”
La Canfora added that team owner Cal McNair has been “advised by several confidants to try to acquire more draft picks and ease the team’s future salary-cap load if possible.”
So changes are coming in Houston.
Of the aforementioned group of players, Fuller may draw the most interest. He’s 26, can take the top off a defense with his deep speed and has started well in 2020, catching 28 passes for 455 yards and four touchdowns in six games.
Across a full season, that translates to 74 receptions for 1,213 yards and 10 scores.
Cooks and Fells would also be attractive potential trade targets. The 27-year-old Cooks has produced more consistently than Fuller throughout their respective careers, with four 1,000-yard seasons, though he wasn’t particularly good last year (42 catches for 583 yards and two touchdowns in 14 games). He’s been Deshaun Watson’s No. 2 option this year.
Fells, 34, could be a nice target for teams seeking tight end depth. He’s having a career year, with 14 catches for 205 yards and three touchdowns. He set career highs in receptions (34), receiving yards (341) and touchdowns (seven) in his first season in Houston last year.
Then there’s Johnson, who has tantalized with running and receiving talent throughout his career but has never produced at an elite level. With David Johnson clearly entrenched as the feature back in Houston, Duke Johnson has been the forgotten man. The 27-year-old would be a nice complementary scatback for teams looking to bolster the backfield.
Finally, the 30-year-old Mercilus has been up-and-down throughout his career, though he’s notched four seasons with seven or more sacks. He’s never quite returned to the level of play he flashed in 2015, however, when he posted 12 sacks.
Author: Timothy Rapp
ForexLive Asia FX news wrap: Oil price drop
China reported a new outbreak in the northwest of the country.
Three, more specifically for oil since its in the headline, Libya is upping the pace its bringing production back online, adding supply into the market.