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Billionaire George Soros Collects These 3 “Strong Buy” Stocks

Some investors achieve legendary status, outperforming their peers thanks to a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a PhD from the London School of Economics and entered the banking industry to make his mark. He had a big success. The hedge fund he founded, Soros Fund Management, achieved an average annualized return of 33% between 1970 and 2020, making it the most successful hedge fund in history. Soros’s greatest success came on September 16, 1992, when he “broke the Bank of England.” He had taken a short position on the British pound, leveraged to $ 10 billion, and when the pound fell in response to political changes, he personally made $ 1 billion in a single day. Soros has not always been right in his financial decisions, but he is right more often than he is wrong. It is also known for its benefits when it comes to talking about trading. “It’s not about whether or not you’re right,” Soros has been quoted as saying, “it’s about how much money you make when you’re right and how much you lose when you’re wrong.” With this in mind, we decided to look to Soros Fund Management’s recent activity for inspiration. With three stocks the fund collected during the first quarter through the TipRanks database, we found that the analyst community is also on board, with each having a consensus rating of “Strong Buy”. Farfetch, Ltd. (FTCH) We will start with an online retail stock, Farfetch, a company specializing in the sale of luxury goods and brands. Farfetch is a truly international company, founded in Portugal, headquartered in London and with offices in New York and Los Angeles, Tokyo and Shanghai and Brazil. Like many tech-oriented companies, Farfetch has made losses, but in the first quarter of this year, the company took a sharp turn to profitability. The 1Q21 earnings report showed a profit after tax of $ 516.7 million, compared to a quarterly loss for the prior year of $ 79.2 million. The company disclosed that this gross profit included a one-time non-cash benefit of $ 660 million “arising from a lower share price impact on items held at fair value and remeasurements.” Total revenue from operations was reported at $ 485 million, up 46% year-over-year and more than the $ 457 million that analysts expected. A key metric, the gross merchandise value of orders processed through the company’s platform, increased 49% year-over-year, to $ 915.6 million. Farfetch’s success grows from a strong user base. The company has more than 3 million active clients and operations in 190 countries. Sellers on the platform have made more than 1,300 luxury brands available. Even after a pullback in stock value during the first half of 2021, stocks are still up an impressive 234% in the last 12 months. Among the FTCH fans is Soros. In his most recent disclosure, Soros revealed that his fund purchased 125,000 shares of FTCH, a stake now valued at more than $ 5.5 million. As for the analyst community, Credit Suisse 5-star analyst Stephen Ju rates FTCH Superior (i.e. Buy) along with a price target of $ 78. Investors will pocket a profit of ~ 88% if the analyst’s thesis is met. (To view Ju’s track record, click here) “We have a favorable view of the company keeping EBITDA guidance tight as Farfetch will reinvest higher revenue contributions towards customer acquisition, supporting adoption rates. long-term. We model ~ 700,000 new customers by 2021, ~ 600,000 by 2022, and from 2023 our expectations are also unchanged at ~ 1.2 million to 1.5 million, ”said Ju. The analyst summarized: “Our investment thesis points remain: 1) a large $ 300 billion addressable market remains fragmented and underpenetrated, 2) relative protection against competition from larger-cap online competitors, 3) exposure to the growing adoption of luxury goods in APAC and emerging markets. ” Most analysts support Ju’s confident stance on the online fashion firm, as TipRanks’ analysis shows FTCH as a Strong Buy. According to 8 analysts surveyed in the last 3 months, 6 rate the action as Buy, while 2 keep it on hold. The 12-month average price target is $ 60.63, marking an increase of ~ 37% from current levels. (See FTCH stock analysis on TipRanks) Coursera (COUR) The next stock we’re looking at, Coursera, is a MOOC company, a massive provider of open online courses. This niche takes advantage of the size and reach of the Internet to make a wide range of top-of-the-line college courses available to the masses. Coursera is a leader in the field and since its founding in 2012 has made more than 4,000 courses available from more than 200 universities, in more than 30 degree programs and at a lower cost than face-to-face classes. Through Coursera, students can take classes at world-class schools such as Imperial College London, University of Illinois Urbana-Champaign, University of Michigan, and Johns Hopkins. The company boasts that more than 77 million students have used its services. Although the company is 9 years old, it is new to the public markets; Coursera held its IPO at the end of March this year. It made available 15.73 million shares on the New York Stock Exchange, at an opening price of $ 33. This was the upper limit of the initial price range, which has been set between $ 30 and $ 33. Overall, the IPO raised $ 519 million, before expenses. In early May, Coursera released its first quarterly report since going public. The report showed $ 88.4 million in total revenue, a 64% year-over-year gain. The company’s gross profit of $ 49.5 million increased 71% from the prior-year quarter. George Soros saw an opportunity in this IPO and his fund collected 105,000 shares of the company. This new position is valued at ~ $ 4 million at current share prices. Among the bulls is Needham’s five-star analyst Ryan MacDonald, who makes a clear and optimistic case for Coursera’s stock. “Given the ever-increasing role of automation, the growing skills gap, and the shift to online learning, we believe Coursera’s comprehensive platform will help you gain share in a large TAM that we measure between $ 47 billion and $ 50. , 6 billion. While the COVID-powered tailwind for registered student growth in fiscal 2020 creates a difficult composition of the consumer segment in fiscal year 21, we believe that Coursera’s efficient GTM movement and shift toward enterprise offerings and of higher-value securities can drive lasting growth of more than 25% and gross margin expansion, ”MacDonald noted. To this end, MacDonald rates COUR’s stock as Buy and his $ 56 price target indicates 47% confidence to the upside over the next 12 months. (To view MacDonald’s track record, click here) In its short time on the stock market, COUR has collected 14 analyst reviews, with a breakdown of 12 buys to 2 holds to support the consensus rating of Strong Buy. The stock is trading at $ 38 and its average price target of $ 54.67 implies a one-year increase of 44%. (See COUR’s share analysis on TipRanks) Sotera Health (SHC) The last place on our list of new positions for George Soros is Sotera Health, a holding company whose subsidiaries offer a range of consulting services, laboratory testing and services. sterilization in the healthcare industry. . Sotera’s businesses serve more than 5,800 healthcare industry clients in more than 50 countries. The company has 13 laboratories capable of performing more than 800 tests and 50 sterilization facilities. Sotera’s customer base includes 75 of the top 100 medical device manufacturers and 8 of the top 10 pharmaceutical companies. SHC’s shares went public on November 24 of last year, in an IPO that sold 53.6 million shares and raised $ 1.2 billion. The capital raised was used to pay off the existing debt. The company has been working assiduously to reduce debt levels, and in the 1Q21 report it indicated that it had total debt of $ 1.87 billion and available cash of $ 108 million. Net income in the first quarter was $ 212 million, up 13% from the prior year. Net income showed a strong gain, going from a loss of 1 cent per share a year ago to an EPS gain of 4 cents. In the first quarter, Soros took a new position in Sotera, buying 179,274 shares. At current share prices, this stake is worth more than $ 4.3 million. Tycho Peterson, a 5-star analyst at JPMorgan, likes SHC and rates the stock as Overweight (ie Buy). Its $ 35 price target suggests a 45% upside from current trade levels. (To view Peterson’s history, click here) Supporting his stance, Peterson writes: “First quarter results were generally strong and while guidance remains unchanged, it should provide an upward path for the remainder of 2021, as we continue to be fans of the company’s diversified operating platform, rigid multi-year contracts, efficient pricing strategy, and high regulatory oversight, all in support of its broad competitive moat, with FCF to support de-leverage. . ”In general, the street is unanimous in its perspective on Sotera’s shares; The stock has 8 recent positive reviews supporting its Strong Buy analyst consensus rating. The stock is trading at $ 24.06 and its median price target of $ 31.75 implies a one-year gain of ~ 32%. (Check out SHC’s stock analysis on TipRanks) To find good ideas for trading stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a recently launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are solely those of prominent analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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