Atul Gupta approaches High Court seeking to have his SA passport issued, 'Travel ban on SA possible' experts say as impact of new Covid-19 variant is felt globally, Finalised 2021 school term dates released by Department of Basic Education, Covid-19: Phase 1 of vaccine rollout plan will continue with Johnson & Johnson - Mkhize, Angry reaction after Nelson Mandela Bay demolishes beachfront braai stands 'to save lives', Suspended Crime Intelligence boss Peter Jacobs warns of shadowy spy 'plot', 'If Zondo calls me, I will go but...' - ANC's Jessie Duarte, Zama Ndlovu | The day Nigeria's central bank shut down all the country's crypto accounts. First, the company has fully repaid – ahead of schedule – the $15 million debt it incurred during its November acquisition of the cannabis growing company Pure Sunfarms. Daily Public Sessions, Children's Parties, Ice Hockey and Figure Skating classes. And now all the newspapers around the globe are writing about it, its kinda funny and scary to be honest.” The user posted a link to the Post’s story and appeared to corroborate it. At its current market capitalization, therefore, Ocugen stock sells for a mind-numbing 40,000 times trailing sales, which is kind of a lot. For only, 20 peacekeepers wounded in Mali attack - UN, I have locked down my social media, it's safe, PODCAST | MISSING MATTHEW EPISODE 3: Decades of false starts add to a family's despair, PODCAST | MISSING MATTHEW EPISODE 2: False hopes and dead ends, but mother's search continues, MISSING MATTHEW | A podcast series delving into the disappearance of 9-year-old Matthew Ohlsson, PODCAST | MISSING MATTHEW: 23 years without answers - 'a missing child is worse than a dead child', PODCAST | POLITICS UNMUTED: Reflections on the year that was. Alibaba Group Holding Ltd - ADR (NYSE: BABA) got through its problems with the government and now it is free to make money, said Cramer. EPS came in at 1 cent per share, a turnaround from the US$0.10 loss in the year-ago quarter. Read Next: This Is How Tesla Could Let You Buy An EV With Bitcoin See more from BenzingaClick here for options trades from BenzingaThis Is How Tesla Could Let You Buy An EV With BitcoinTesla China EV Sales Doubled To .6B In 2020© 2021 Benzinga.com. However, after surging so high this year, the average price target, at $7.38, implies ~34% downside over the coming months. The content is intended to be used for informational purposes only. Cramer would hold onto Sherwin-Williams Co (NYSE: SHW) because it had an extraordinary quarter. Station Details: ID: 040764 Name: GOLD COAST SEAWAY Lat:-27.94 Lon: 153.43 Height: 2.98 m 140 x 150 px Code for gold widget: Copy code. Opendoor Technologies (NASDAQ: OPEN) is an on-demand digital experience to buy and sell a home. The government says gold worth at least $1.2 billion is illegally exported from the country annually. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And it looks like the anticipated changes could happen faster than initially expected. We would like to show you a description here but the site won’t allow us. Backed by Senate majority leader Chuck Schumer, Democratic Senators have stated that they will push for federal-level legalization of marijuana, promising “a unified discussion draft on comprehensive [cannabis] reform” in the first half of this year. Few fund managers have been more successful than Cathie Wood, the chief executive of ARK Invest and fund manager of the ARK Innovation ETF (ARKK) and ARK Genomic Revolution ETF (ARKG) which according to FactSet have drawn in more inflows than any other actively managed stock exchange-traded fund over the last 12 months. After all, hype aside, Ocugen stock is a company almost entirely devoid of revenues. Benzinga does not provide investment advice. What does it take to move a stock price from $0.29 to $15.81 -- an increase of 5,350% -- in just 18 days? What Happened: Palihapitiya has launched six SPACs on his quest to bring SPACs with tickers IPOA to IPOZ to market. The cryptocurrency traded 0.10% higher at $46,392.83 at press-time. The highly anticipated Rivian IPO could happen as soon as September with the electric truck startup seeking a valuation of at least $50 billion, Bloomberg reported. Here are the 2 companies could do very well in 2021. 140 x 150 px Code for gold widget: Copy code. Why It Matters: The Tesla Inc (NASDAQ: TSLA) rival is valued at $27.6 billion, as of its latest funding round in January, noted Bloomberg. Official Website for Gold Coast Iceland Ice Skating, located in Bundall. A Reddit poster who claimed to be in the know of Tesla Inc’s (NASDAQ: TSLA) investment in Bitcoin (BTC) has confirmed that the information he made public on Jan. 2 was not true, the New York Post reported Tuesday. The construction business is a very hard business, but if you had to navigate it, it would be Jacobs Engineering Group Inc (NYSE: J), said Cramer. Investors are also looking at further state-level legalization moves; one key state in this regard is New York. Clover Health shares are down 23% year-to-date but are up 29% since the IPOC offering. Apple's goal would be to strike an agreement with an Asian company, probably to intercept the (potential) endless electric car market in the continent. In a monthly webinar, Wood made the argument against stocks being in a bubble. And second, Village Farms increased its investment in the Asian cannabinoid company Altum by 50%, to hold a 10% stake in the company. A Twitter poll tracking how many of the 12 SPACs are currently and were at some point owned by responders showed strong interest in Palihapitiya SPACs. See also: How to Buy Bitcoin (BTC) “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought 24701 BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, as reported by Reuters. INFO: krpano 1.18 (build 2014-10-17) INFO: HTML5/Desktop INFO: Registered to: Vatican Internet Office ERROR: loading of St_Paul_Courtyard.tiles/preview.jpg failed! Shares are up 22% year-to-date and up over 27% since the offering. All rights reserved. INSU Acquisition Corp II (NASDAQ: INSU), a pay per mile insurance company, announced a SPAC merger in November. Get GoldWave v6.54 For Windows (2021-01-15, 16.09MB) Your next stimulus check is just weeks away — will you get the full $1,400? This will of course cost money, and this is probably one reason why Nakae predicts the company "will likely need to raise debt or equity funds in the future." Shares of the SPAC are up 26% year-to-date and up 55% over their lifetime. Benzinga does not provide investment advice. Bitcoin touched its all-time high of $48,003.72 on Tuesday after the Tesla announcement. The automaker has reportedly been in negotiations with banks about its IPO plans. The funds raised will be used to continue expansion of the company’s cultivation operations (TRSSF has plans to expand growing and manufacturing ops in New Jersey), as well as to pursue merger & acquisition activities. Shares are up 125% year-to-date and up over 149% since going public. The company was able to fund these moves because it had a successful equity sale in January, putting an additional 10.8 million shares on the market, and raising US$135 million in new capital. Next, Ocugen will need to set up manufacturing operations to produce the vaccine in the U.S. Super Saturday for 2 Daily Lotto players. All rights reserved. For news coverage in Italian or Spanish, check out Benzinga Italia and Benzinga España. MP Materials (NYSE: MP) is a rare earth mining company that is the "thing behind the thing" to support electric vehicles and wind turbines in the future. The company started out as a farmer, producing high-quality greenhouse vegetables year-round for sale in the North American market. (See TRSSF stock analysis on TipRanks) To find good ideas for cannabis stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. In conclusion, the Apple Car will have to wait for now: there is time until 2024, which is the expected release date. Coronavirus, of course. Benzinga does not provide investment advice. On CNBC's "Mad Money Lightning Round," Jim Cramer said AMD CEO Lisa Su is the toughest person in the business. All rights reserved. (To watch Nakae's track record, click here) Why is Nakae having second thoughts about Ocugen now? Disclaimer: The opinions expressed in this article are solely those of the featured analyst. See more from BenzingaClick here for options trades from BenzingaBoom In Digital Payments: Here Are The Stocks To Bet On© 2021 Benzinga.com. Renault Stock On The Rise: After rumors of a possible deal with Renault - the automaker which manufactures Zoe, one of the best-selling electric cars in the world - the French automaker's shares spiked yesterday, rising again above $40, which Renault hadn’t reached since December 2019. In addition to its strong capital and expansion positions, Village Farms has been reporting solid financial results. Palihapitiya has also been involved with six SPACs as a member of the private investment in public equity, commonly referred to as the PIPE. Chamath Palihapitiya has been labeled the King of SPACs and it could come with good reason. TS Innovation Acquisition Corp (NASDAQ: TSIA) is bringing enterprise SaaS company public in a SPAC deal. For some time, the Cupertino company has been working on a fully autonomous electric car, but it doesn’t seem to have found the right partner among car manufacturers so far. Against this backdrop, we used TipRanks’ database to find two cannabis stocks that have been earmarked as 'Strong Buys' by the analyst consensus. Ever since that announcement, the stock has been on a tear, leaving Chardan analyst Keay Nakae's previous $0.70-per-share price target in the dust. The statement feeds expectations that the Democratic Congressional majority will pass – and that President Biden will sign – a bill to legalize marijuana. Shares are selling for $15.30, and their recent appreciation has pushed that price almost up to the $15.43 average price target. The average lifetime gain for the 12 SPAC deals involving the SPAC King is 137%. Strong Performance And Demand: The 12 SPAC deals that Palihapitiya has been involved in have produced an average 47% return for shareholders in 2021. Valuation is obviously a concern, and certainly the primary one. However, the analyst did raise his price target to $13 (to account for the stock's astounding run-up in price), which implies a 17% upside from current levels. Oops! The bulk of the proceeds – some 80% of the total – was put up by four large US-based institutional investors. Social Capital Hedosophia Holdings Corp VI (NYSE: IPOF) has not named a merger target yet for the largest SPAC offering from Palihapitiya. Now, what must Ocugen do to justify this valuation -- one that's not just "sky high" above fair value, but more orbiting somewhere out past Saturn? Although Covaxin has an ongoing Phase III clinical trial, that's happening in India, and Nakae thinks that even after initial results are in (probably in March), the company may need to conduct an additional study in the U.S. to win FDA approval. General Motors tumbled after a chip-shortage warning, while Twitter surged on strong earnings results. That background fit the company well for a transition to the cannabis industry – Village Farms has experience in greenhouse production and industrial-scale growing. Or more precisely, a vaccine to fight it. The company is involved in both the medical and recreational sides of the market, and both grows and produces cannabis and markets a range of products through numerous brand names. Apple-Hyundai Deal Is Off: Until a few days ago, the agreement with Hyundai Motor Company Ltd. (OTC: HYMTF) seemed like a done deal. For me it is 4/6. Covering Village Farms for Craig-Hallum, 5-star analyst Eric Des Lauriers writes: “Village Farms has clearly established itself as the leading cannabis producer in Canada with #1 brand share and industry-leading profitability. Prioritizing economic support over inflation risk seemed like the right move: Many emerging market central banks initially offset the impact of fleeing foreign investors and rising borrowing costs, while helping to lift their stock prices. See Also: Why Apple Could Emerge As Tesla's 'First True Competitor' Time Until 2024: "We are receiving several requests for cooperation in the joint development of autonomous electric vehicles from various companies, but they are at an early stage and nothing has been decided," Hyundai executives said in a note in which they dismissed the deal with Apple. On Tuesday, Grayscale Bitcoin Trust (OTC: GBTC) closed 4.84% higher at $47.90. The perks of agingOnce you turn 50, and especially after age 65, you can qualify for extra tax breaks. Virgin Galactic (NYSE: SPCE) was the first SPAC deal completed in the IPOA to IPOZ run from Palihapitiya. READ HERE | Zimbabwe to fund white farmers' compensation with mine revenue. Yesterday, Nakae took another look at Ocugen at its present share price, and declared it overpriced, downgrading the shares to Neutral (i.e. How much income will your 401(k) provide? All JSE data delayed by at least 15 minutes. GLOBAL PRECIOUS METALS CONFERENCE 2021 19-21 September EPIC SANA Lisboa Hotel, Lisbon Register Now! But there is plenty of options up pre-orders to budding customers Su is the person... In November turnaround from the country annually experience to Buy Bitcoin, so I created this trollpost:! In addition to its strong Capital and expansion positions, Village Farms has experience in greenhouse production and industrial-scale.. 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