Letter From The Children. Dear Vz. Altamira Therapeutics (NASDAQ:CYTO) stock rose ~5% after the company said that the Philippines' Food and Drug Administration (FDA) approved its Bentrio nasal spray, designed to protect against airborne viruses and allergens. The company said the product will be commercialized through the local affiliate of Wellesta Holdings, Singapore. Bentrio had already received clearance in Singapore andMalaysia. "Asia with its large population, and rapidly growing middle class, represents a significant sales opportunity for Bentrio," said Altamira Founder, Chairman and CEO Thomas Meyer. Vz should we put this on the GBA Watch list?
Letter From The Children. Dear Vz. White House considers burning "home heating oil" reserve to reduce diesel prices The White House has become increasingly aware of the "worrisome decline" in diesel inventories in the Northeast. According to sourcescited by CNN, the White House is considering a release of strategic stockpiles to combatthe crisis. Given the reduction in East-coast diesel inventories of~45mb, and given the size of the strategic "home heating oil reserve" of~1mb, its unlikely the measure will fix existing imbalances. Several weeks ago, it appeared a variety of factors were contributing to oil product shortages brewing in the Northeast. Reduced Russian and Chinese oil product exports led to rising US oil product exports from the Gulf Coast to Europe. Dramatic reductions in refining capacity in the Northeast, left domestic consumers in a bidding war against Europeans for diesel and gasoline. Noting that the Colonial pipeline, an oil product pipeline connecting the Gulf to the Northeast, was running without apportionment for the first time in recent history, it appeared consumers in the Northeast were losing the bidding war and inventories began to draw rapidly. Since the phenomena was flagged, Chinese diesel production rose 14% in April; however, diesel exports collapsed 81%. Congress since proposed legislation to cap oil product prices, at the President's discretion. If Chinese export curtailments are sustained, and price caps are implemented, both factors could lead to increased oil product exports. While releasing the "home heating oil reserve" of 1mb could paper over structural imbalances for several weeks, it would likely leave consumers of home heating oil in a difficult position come winter. Investors in the refining sector are likely to remain laser focused on policy from Washington. Rising export demand and declining inventories create a bullish backdrop for domestic refiners like Valero (VLO), Philips (PSX), and Marathon (MPC), However, policy measures ahead of midterm elections could become a headwind. The release of 1mb of "home heating oil" reserves will not change the underlying factors driving diesel margins to record highs. Gasoline price caps are also unlikely to be implemented at a scale that would impact margins. However, both measures increase the probability of domestic shortages, and thus raise the likelihood of an oil product export ban. A measure that would pose huge challenges for European allies, but also domestic oil refiners. WOW I own PSX is it a buy or sell? And I have been looking at VLO.
Letter From The Children. Dear Vz. I know you hate SPAC's and rightfully so but is PORCH group worth a look? Porch Group pops after JPMorgan fire off bullish ratings initiation JP Morgan started off coverage on Porch Group (NASDAQ:PRCH) with an Outperform rating. Analyst Cory Carpenter and team believe PRCH's B2B go-to-market strategy is differentiated and provides the company with unique data and early access tohigh-intent movers at low customer acquisition cost. "PRCH offers these homebuyers its free moving concierge service, which has healthy uptake rates and PRCH monetizes through B2B2C move-related services (i.e., booking movers) and increasingly its in-house insurance and warranty products." Looking ahead, JPMorgan sees PRCH as well positioned for sustainable +30% growth. Margins are forecast to improve each year and adjusted EBITDA is seen turning positive in the second half of 2023. JPMorgan's December 2022 price target of $8 is based on 2.5X the 2023 revenue estimate, which is noted to be a discount to real estate software peers trading at 7X on average and largely in-line with InsurTech peers trading at 2.7X as well as a modest premium to home services peers trading at 1.3X. Shares of Porch Group (PRCH) jumped10.34%in premarket trading on Monday to $4.91 vs. the post-SPAC range of $3.27 to $27.50.
Work from home is back in vogue Stoney! One word!!!! Monkeypox. Wtf is Monkeypox Stoney? Will I need a vax? A booster? 3 boosters? Where's Pfizer when you need them. I don't like the sound of anything called Monkeypox.
Letter From The Children. Dear Vz. Consumer staples stocks viewed cautiously at Wells Fargo on concerns of consumer pushback... But won't everyone still drink Mexican Coke? KO The Coca-Cola Company Is this the Best Summer stock Van? $62.19 +1.21(+1.98%)
I fear there is something they are not telling us. If you have SmallPox vaccine who doesn't? You are protected. Complete non story. Biden is an idiot forementioning it. Unless they are not telling us something....
Well that would never happen. Hey for real though... ABB is my #1 rebuild Ukraine stock. I mean assuming they win. ABB will play a HUGE role. HUUUUUGE. Thor will supply mobile homes to 4 Million returning refugees that lost their homes. HDELY will supply millions of cubic yards of cement. CAT will supply the heavy equipment. ATLKY will be providing everything else. ADD>>> GDYN
Clothing is very highly tariffed.. RETAIL.... Retailers At Best Buy tariffs will impact televisions, smart watches and headphones, Best Buy CEO Corie Barry told Wall Street analysts on a recent call, according to a transcript. Starting December 15, goods tied to computing, mobile phones and gaming consoles will be impacted, she said. Some 60% of Best Buy's total cost of goods sold comes from China.