Why DermTech Stock Soared Today

Why DermTech Stock Soared Today

No news was good news. The Student Life Center will be CLOSED on Christmas Eve and Christmas Day. More than 75% of new liquefied natural gas (LNG) global supply could be at risk because of quickly expanding renewable energy resources, according to an Are you currently looking for the best investment strategies? If so, you should definitely check out this interesting article now. This page features a prediction for the MO next dividend date, from Dividend Channel.

Shares of DermTech (NASDAQ:DMTK) were soaring 15% higher as of 3:09 p.m. EST on Wednesday after rising as much as 32.6% earlier in the day. The stock shot higher so quickly that trading of its shares was temporarily halted. However, DermTech didn’t announce any news to drive today’s big gain.

What’s the best explanation for the jump? DermTech’s average daily trading volume over the last 30 days has been a little over 200,000 shares. Today, though, the trading volume for the stock surged to more than 2.1 million share,s with a significant spike in trading shortly after 10 a.m. EST. It appears that one or more large buy orders were placed, creating a lot of upward pressure on DermTech’s share price.

Doctor examining the skin on a young woman's arm

Image source: Getty Images.

Typically, big one-day gains with no news as a catalyst aren’t anything for investors to focus on too much. However, it’s important to understand that DermTech’s momentum didn’t start today.

DermTech’s shares have gone up and down to a lesser extent throughout much of 2020. Last week, though, the company announced results from its Trust study evaluating its Pigmented Lesion Assay (PLA), a noninvasive melanoma “rule-out” test. This study confirmed that PLA can eliminate melanoma with a 99% negative predictive value. Since that announcement, the healthcare stock has skyrocketed more than 50%.

The company could see increased momentum for its genomic skin cancer tests in 2021 with the Trust study results in hand. Some investors appear to be jumping aboard the bandwagon now instead of waiting for DermTech to potentially report higher sales in future quarters.

There are two key things to watch with DermTech going forward. One is the impact of the COVID-19 pandemic, which has caused headwinds for the company this year. Another is DermTech’s progress in securing payer reimbursement for its genomic tests. The company has made progress on this front in recent weeks, signing reimbursement agreements with Blue Cross Blue Shield of Illinois and Blue Shield of California. 

Source: www.fool.com

Author: Keith Speights


Student Life Center is CLOSED on Dec. 24th and 25th - Event details

Student Life Center is CLOSED on Dec. 24th and 25th – Event details

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Student Life Center is CLOSED on Dec. 24th and 25th

Location: Student Life Center

The Student Life Center will be CLOSED on Christmas Eve and Christmas Day.

For more information, contact: aoam@hawaii.edu (808) 932-7605

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Source: hilo.hawaii.edu


Global LNG Prospects Seen Dwindling as Renewables, Efficiencies Expand

Global LNG Prospects Seen Dwindling as Renewables, Efficiencies Expand

More than 75% of new liquefied natural gas (LNG) global supply could be at risk because of quickly expanding renewable energy resources, according to an analysis by Wood Mackenzie.

In a forecast issued on Wednesday, the consultancy said its scenario for worldwide gas demand is going to come under pressure as power sector investments increase in renewables and energy storage. More gas consumption also would be sapped by efficiency improvements and as new technologies are adopted beyond the power sector. 

The scenario laid out by the Wood Mackenzie team is tied to greenhouse gas reduction goals set by the United Nations, which have been adopted by most developed nations. The basic goal is to keep global temperatures from rising above 2 degrees C to reduce the impacts from climate change.  

Among the alternative options, look for hydrogen to play a bigger role in the world’s energy mix, which also would pressure gas demand. Green hydrogen could become a “gamechanger in the long term, emerging as a key competitor to gas consumption toward the end of 2040 and achieving a 10% share in the total primary energy demand by 2050,” researchers said. 

“With weaker global gas demand, the space for new developments will be limited,” said Wood Mackenzie principal analyst Kateryna Filippenko. “This is a significant challenge” as companies consider final investment decisions (FID) for potential projects.

Using the 2 degree scenario, “only about 145 billion cubic meters/annum (bcma) of additional LNG supply is needed in 2040 compared to 450 bcma in our base-case outlook,” Filippenko said. “And if we consider imminent FID for Qatar North Field East expansion, the space for new projects shrinks to 104 bcma, down 77% from our base case.” 

Russia and Qatar “are expected to be frontrunners to fill the modest supply gap, while low Henry Hub prices would also mean competitive U.S. LNG projects. But as Qatar and Russia pursue monetization of their low-cost resource base, and LNG demand starts declining post 2035, the strategic rationale for others to invest becomes questionable.” 

Wood Mackenzie’s Global Gas Model suggests that in the 2-degree scenario, “only a few Australian backfill projects will go ahead,” which would put the country lower on the list of top gas exporters. 

Meanwhile, expanding LNG capabilities in Canada, including the Royal Dutch Shell plc-led LNG Canada underway, and in Mozambique by ExxonMobil and others would put Australia lower on the list of top gas exporters. 

“As LNG demand starts declining post 2035, U.S. LNG underutilization will be required to balance the market, similar to what has happened in 2020,” according to researchers.  

Wood Mackenzie research analyst Evgeniya Mezentseva said the gas export developers “will have a difficult decision to make. On the one hand, there will be windows of opportunities for investment decisions. But on the other hand, the long-term value of these investments might be at risk by the prospects of a shrinking market space combined with competitive pressure from lower-cost producers.” 

Projects likely to be most impacted under the 2-degree pathway “are discovered pre-FID developments,” researchers said. By 2040, production from the projects is forecast to be about 1,300 bcm less than Wood Mackenzie’s base-case outlook. 

Low prices then could wipe out investments in “more economically challenging projects,” with the survivors made up of those that are cost efficient and flexible.

“Compared to our base case, the 2-degree scenario will leave about 12 trillion cubic meters of discovered gas resources stranded,” said Filippenko. “This is more than three times the amount of gas produced globally in 2020. 

“Most of this will be in the U.S., Russia and the Middle East. These regions will face decreasing export opportunities for their vast gas resources in addition to lower domestic demand for gas.” 

Source: www.naturalgasintel.com

Author: By
Carolyn Davis
December 9, 2020


How to Find the Best Investment Strategies

How to Find the Best Investment Strategies

Investing can often feel like a huge financial risk. If you don’t have the right information, then it could be difficult to find the best investment strategy for you.

Many people are afraid of making investments because they look at it as a form of gambling. This is a misconception, and it shouldn’t stop you from benefitting from making investments.

The biggest problem is finding the right investment opportunities that meet your personal and financial goals.

To streamline this process, you could use tried and tested strategies to guide you in your investment journey.

Here’s how you can find the best investment strategies.

Investment strategies differ from person to person. Your investment strategy is like your game plan to building a strong portfolio for potential future investments.

People map out clear investment strategies to get them to their desired financial goals. Those goals could be early retirement or an aim for financial freedom in a given period of time.

An investment strategy for a 50-year-old will not be the same as that of a 24-year-old, for example. This is a good way to look at it so that you do not constantly compare your strategy to that of other people.

What works for you? What are your financial goals? The answers to these questions are not the same for everyone.

There are 5 types of investment strategies:

  • Value Investing: you buy underpriced stocks that will rise in value over the years. This strategy requires patience but is a good long-term investment strategy.
  • Income Investing: you buy securities that pay returns on a given schedule. This includes buying bonds, mutual funds, and real estate investment trusts.
  • Growth Investing: you invest in small companies that have a high potential for growth.
  • Small-Cap Investing: you buy stocks from small companies with smaller market capitalization. This is a good strategy for highly experienced stock investors.
  • Socially Responsible Investing: you invest in companies that are environmentally and socially friendly.
  • A lot of investment advice can sell you a dream with no real grasp on reality. Often times, it’s shady and unreliable.

    Because there are so many scams online and sketchy investment advice, it’s important to have sources who are experts in the field.

    Trusted sources like Aikido Finance have predetermined investment strategies that make the process of investing so much easier for beginners.

    Their investment strategies are data-driven and can give you an estimation of risks and benefits. This is great because you are not being sold a pipe dream of making millions in the first few weeks of investing.

    It takes a lot of time and effort to research the best investment strategies, and many new investors do not have the patience for all that. If you’re like this, then relying on industry experts may be the best choice for you.

    Pearl M. Kasirye is a writer at Kemistri, editor, and researcher who spends most of her time reading. When she isn’t reading or working, she can be found sitting on her balcony writing her own novels or traveling.

    Source: marketbusinessnews.com

    Author: By Christian Nordqvist


    MO Next Dividend Date

    MO Next Dividend Date

    Source: www.dividendchannel.com


    Why DermTech Stock Soared Today

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