At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact:jacque@cweb.com
Gilead Sciences Inc GILD:NASDAQ rose 2.1% after for the Coronavirus treatment candidate drug, Remdesivir. The drug reported an improvement in clinical recovery with a 62% reduction in the risk of mortality compared with standard of care in a trial.Gilead is dedicated to developing innovative medicines for life-threatening illnesses.
Gilead Sciences has a Market Cap of 95.7B.
Based on 25 analysts offering 12 month price targets for Gilead Sciences in the last 3 months. The average price target is $79.88 with a high forecast of $97.00 and a low forecast of $64.00. The average price target represents a 4.75% increase from the last price of $76.26. Source TipRanks
Daniel O’Day Chairman and Chief Executive Officer, Gilead Sciences, Inc. Prior to Gilead, Daniel served as the Chief Executive Officer of Roche Pharmaceuticals. His career at Roche spanned more than three decades, during which he held a number of executive positions in the company’s pharmaceutical and diagnostics divisions in North America, Europe, and Asia. He served as a member of Roche’s Corporate Executive Committee, as well as on a number of public and private boards, including Genentech, Flatiron Health and Foundation Medicine. Source:
Forward-Looking Statement
This statement includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks, uncertainties, and other factors. Remdesivir is an investigational agent that has not been approved by the FDA for any use, and it has not been demonstrated to be safe or effective for the treatment of COVID-19. There is the possibility of unfavorable results from ongoing and additional clinical trials involving remdesivir and the possibility that Gilead and other parties may be unable to complete one or more of such trials in the currently anticipated timelines or at all. Further, it is possible that Gilead may make a strategic decision to discontinue development of remdesivir or that FDA and other regulatory agencies may not approve remdesivir, and any marketing approvals, if granted, may have significant limitations on its use. As a result, remdesivir may never be successfully commercialized.Source: Gilead.
Top Institutional Holders
Holder Shares Date Reported % Out Value
Vanguard Group, Inc. (The) 107,093,415 Mar 30, 2020 8.54% 8,006,303,705
Blackrock Inc. 101,214,991 Mar 30, 2020 8.07% 7,566,832,727
Capital Research Global Investors 95,982,319 Mar 30, 2020 7.65% 7,175,638,168
State Street Corporation 56,805,210 Mar 30, 2020 4.53% 4,246,757,499
Capital International Investors 56,369,657 Mar 30, 2020 4.49% 4,214,195,557
GILD:NASDAQCWEB Analysts view the stock as a long term growth and a great addition to your investment portfolio with an upward momentum of $300 by 2021 contingency of a successful drug to cure Corona.
Bank of America’s net interest margin is expected to see a steep decline. This signals that Bank of America’s ability to lend money at higher interest rates as opposed to what it pays on savings accounts and other money deposits.
With rates being cut by the Federal Reserve this has caused Bank of American stock to decline. Bank of America’s total return has been a negative 18.1% over the past 12 months compared to 5.3% gain for the S&P 500.
Estimates for Adjusted Earnings Per Share are $0.26 compared to Actual for Q2 2019 (FY) of $0.74. Bank of America to Report Second-Quarter 2020 Financial Results on July 16.
Based on 14 analysts offering 12-month price targets for Bank of America in the last 3 months. The average price target is $27.22 with a high forecast of $40.00 and a low forecast of $21.00. The average price target represents a 20.71% increase from the last price of $22.55. Source: TipRanks
Brian Moynihan | Chairman of the Board, Chief Executive Officer Moynihan participates in several organizations that focus on economic and market trends, including the World Economic Forum International Business Council, the Financial Services Forum, the Bank Policy Institute (chair), the Business Roundtable, and the American Heart Association CEO Roundtable (co-chair). He is also a member of the Federal Advisory Council of the Federal Reserve Board. Source: Bank of America
NYSE. (BAC) CWEB Analysts view the stock as a long term growth and a great addition to your investment portfolio with an upward momentum of $49 by 2021
When parents in the UK were suddenly forced to become teachers to their kids in lockdown, physical education (PE) was largely an afterthought. As many PE lessons are now delivered by outside professional coaches, few primary schools had the in-house experience or skills to create and suggest content to help parents.
Instead, many turned to fitness guru Joe Wicks. His PE with Joe, a 30-minute live workout streamed on YouTube every weekday at 9am, was launched almost immediately following the closure of schools across the UK.
The videos are based on Wicks’ brand of high-intensity interval training (HIIT) — intense, repetitive exercises with short breaks — but are aimed at children. Exercises included star jumps and “Pikachus”, and on Fridays Wicks and his audience worked out in fancy dress.
Wicks is to be applauded for getting more children and their parents thinking about and taking part in exercise, showing them it can fit into their daily lives. But what will happen as lockdown comes to an end?
A different kind of PE
Throughout lockdown, exercise has been lauded as both a coping mechanism through the restrictions and an effective support for the immune system. As parents’ willingness to engage in PE has increased, so has the involvement of children, which in turn has created a ritualised, family-centred engagement with exercise.
The Joe Wicks movement has also led to the realisation that PE does not necessarily mean sport. For years, PE within primary education has been commonly associated with sport and sport-specific games. The use of professional coaches, often provided by professional sports teams, has added to the assumption that this is the only way to deliver PE as a subject.
Instead, Wicks offers a vision of a novel and inclusive curriculum based around fitness and not sport that might hold the answer to a more active nation.
Staying active
The World Health Organization recommends that children and young people aged five to 17 should take part in at least 60 minutes of moderate-to-vigorous physical activity daily. The UK government’s current assumption is that at least 30 minutes of this is completed outside of school time.
As lockdown eases, routines will revert to normal. Children may be at school at 9am rather than following a workout video. So it’s important that these new habits are not lost.
Here are five ways to make sure a post-lockdown routine helps children build upon the their Joe Wicks PE lessons.
1. Active travel
Car-free streets as a result of travel restrictions has resulted in a wave of first time bikers, joggers and skaters. We are now allowed back in our cars, but this doesn’t mean we have to drive. A walk or cycle to school not only gets the required physical activity in, but could also boost your child’s academic performance.
2. Focus on ‘physical literacy’
Joe Wicks wasn’t the first to dream up the idea that non-sport based education would be beneficial. Children’s exercise initiative BOING at home has created a free online resource pack around the concept of “physical literacy”.
Physical literacy focuses on holistic physical development and how a child moves and interacts with the space and environment around them. In a world consumed by measuring success, advocates of physical literacy prefer to chart progress instead, and suggest that the level at which people are physically literate can change based on their environment. Being physically literate has also been linked with academic success.
3. Be a role model
One of the great successes of Joe Wicks’ PE with Joe was the family involvement, support and encouragement it required. There is a wealth of research that suggests improving the physical activity level of parents is a significant contributor to the overall health of their children.
4. Keep exercising at home
Online streaming has boomed in lockdown and the greater adoption of digital entertainment is expected to be a widespread trend. Now that Joe Wicks is winding down his efforts, parents might look to others to fill the void. The BBC and the Learning Station both offer age-appropriate resources for getting children active at home.
5. Take part in community activity
Local community run clubs for activities such as orienteering, rock climbing, rambling and adventure groups like the Scouts all support a physically active lifestyle without sport as a focus. Importantly, these are also a great way to support the social development of young people.
The UK government has recognised that sport is only part of the picture in terms of getting more people active, as noted in a 2015 consultation paper on sport strategy.
We have an opportunity here to establish physical activity as an ongoing habit. As Wicks scales back his PE sessions, the focus now turns to how parents, communities and teachers can learn from this experience and keep PE and physical activity relevant and successful.
Stanley Windsor, PhD Candidate, Institute for Sport Business, Loughborough University
This article is republished from The Conversation under a Creative Commons license.
Gold reached $1,800. Today’s price is the highest since 2011. Gold is rising because people are looking to rush to safe haven investments due to Coronavirus fears. Year-to-date inflows for exchange-traded funds for Gold reached 655.6 tons. Investors are worried about new concerns for downside risk in asset prices. A resurgence of the virus could deter a surge in an economic recovery. So much damage has occurred due to people out of work and businesses closing, this is worse and the financial crisis of 2008. Goldman Sachs raised its price target for the year stating gold will reach $2,000 due to the long-lasting effects of the COVID-19 pandemic.
Silver is up 22 ¢ at $18.57.
“Many analysts and investors see the aggressive stimulus policies launched by governments and central banks globally as encouraging inflation down the road — potentially even the runaway variety.” Source USA Gold-
JP Morgan analyst Paul Coster has upgraded NASDAQ: NKLA stock too overweight. He formerly had a neutral rating on the stock. The stock has risen 26% above the firm’s price target of $45 per share. Paul Coster recommends this stock could be an attractive addition for a long-term position within an investor’s portfolio. On July 8th 200 the stock closed at $54.03 NASDAQ: NKLA.
Cowen & Company initiated coverage of the stock with an overweight rating and a price target of $79.
“We believe that Nikola is well-positioned to address the growing need for low emissions and zero-emission vehicles in the Class 8 trucking market,” analyst Jeffrey Osborne said in a note to clients. “The company’s focus on battery and hydrogen technology and use of strategic partners particularly for vehicle manufacturing should allow for a fairly smooth production ramp, in our view.” Longer term, Osborne added, “we see the company evolving into a more broad-based energy technology company as hydrogen fueling infrastructure is slowly built out.” Source: The Street.com
Nikola Motor Company NASDAQ: NKLA is a pioneer in electric heavy-duty applications. Nikola offers both pure electric and also hydrogen electric powertrains to cover class 8 in transportation. The company is taking pre-orders on its vehicles and does not have
“The technology on the Badger is next to none; it has one of the most advanced powertrains and infotainment systems on the market. The features include over-the-air updates, keyless entry, independent torque control of every wheel, 906 HP, 980 ft. lbs. of torque, 15 kilowatt power export with 220V and 110V, tie-down tracks inside the truck for cargo, hidden refrigerator, up to 600 miles of range, and waterproof displays. You couldn’t dream of building a better pickup truck than the Badger and we offer it in both fuel-cell and battery-electric options,” said Founder and Executive Chairman Trevor Milton. “At Nikola World 2020, our followers will have the chance to see the Badger in action, so you don’t want to miss this show.” Source
Trevor Milton is an American billionaire businessman, Executive Chairman and Founder of Nikola Motor Company. Trevor Milton is worth $1.1 billion today. Milton started an eCommerce company called Upillar, allowing users to checkout only once with items from multiple vendors. With super-fast growth Milton saw the company go from inception to over 80 million online visitors per month.
The company has a Market Cap 19.5B.
Nikola competes with companies like Tesla.Tesla Is Now Worth More Than Toyota, Disney, and Coke, making Tesla(TSLA) the most valuable auto company on the planet, ahead of Toyota (TM). Tesla now surpasses the market of Dow components Merck (MRK) , Disney (DIS), Cisco (CSCO), Coca-Cola (KO), along with Exxon Mobil (XOM).Tesla (TSLA)now is more valuable than most every company in the S&P 500.
Tesla shares reached new highs Wednesday, July 8, 2020 when they announced the delivery for 90,650 vehicles in the second quarter, beating Wall Street expectations. Shares drove up to (TSLA) $1365.88.
Brooks Brothers are looking for a buyer as it goes through BK reorganization. It’s closed 51 of the 250. Brooks Brothers of 500 stores worldwide.
One reason for Brooks Brothers’ had problem with its big rent obligations, but the company was also feeling some effects of a change in traditional business dress and shift towards casual.
Men’s Wearhouse owner Tailored Brands (TLRD), facing its own bankruptcy question.
Barneys of New York, sought bankruptcy protection last year, and it was followed by others suffered by the pandemic, including Neiman Marcus, J.Crew and J.C. Penney.
More bankruptcies are anticipated in the retail sector.
The virus-induced recession has cratered spending in most sectors of the economy and accelerated shifts in where people shop, mostly to the benefit of online retailers like Walmart.
Days after India banned 59 Chinese apps, the US said that it is ‘looking’ at banning Chinese social media apps too. In an interview with Fox News, Secretary of State Mike Pompeo said that the US may ban a few Chinese apps. Meanwhile, in Australia, there are calls for the govt to ban TikTok and other Chinese social media apps.
In a letter to the Indian government dated June 28th and seen by Reuters on Friday, TikTok Chief Executive Kevin Mayer said the Chinese government has never requested user data, nor would the company turn it over if asked.
TikTok, which is not available in China, is owned by China’s ByteDance but has sought to distance itself from its Chinese roots to appeal to a global audience. Along with 59 other Chinese apps, including Tencent Holdings Ltd’s WeChat and Alibaba Group Holding.
Globally, TikTok has been downloaded more than two billion times through the Apple and Google app stores after the first quarter this year, according to analytics firm Sensor Tower.
But, to reduce the risk of COVID-19 transmission, there’s one crucial ingredient missing: crowds.
To provide atmosphere in the absence of people, broadcasters are experimenting with canned crowd noise, much like the laugh tracks used in sitcoms. Last weekend the NRL unveiled its fake audience noise, drawing a mixed response from viewers.
EA Sports’ popular FIFA soccer gaming franchise is famed for its fake crowd noise.
But why do we care so much about crowd noise, and why do many of us feel we need it?
It’s because it bonds us with members of our tribe, provides us a sense of connection, and acts as a psychological cue for when to pay particular attention to the action, like a goal opportunity. Without it, sport just doesn’t seem as exciting.
Following a team brings a sense of connection with others who follow the same team. That sense of belonging is an incredibly powerful motivation for people – it drives our thoughts and our emotions. And following a team is an emotional experience. We share the highs when they win, and the lows when they lose.
Spectators may not even play the sport they watch, but still refer to “us” and “we” when talking about their team, and use “they” and “them” for the opposition. And when the crowd supporting our team is the one making all the noise, it drives home that sense of connection.
Crowd noise is a cue
For a couple of rounds of competition, before the COVID-19 suspension, we saw games of AFL where we could actually hear the players yelling to each other. When they scored, the only noise was from the players themselves. It sounded similar to watching an amateur match at the local park. Even the most tense moments, or heroic efforts, were somehow not as exciting without the crowd.
That’s because crowd noise is a cue for spectators. We know something exciting has happened when the crowd goes nuts. When a game comes down to the last few minutes, and the scores are very close, the crowd noise adds to the tension. When my team is getting cheered on, I share in the excitement with others like me – my tribe. It seems the broadcasters are reflecting this by increasing the volume of fake crowd noise during exciting moments.
Without crowd noise, we just don’t get the same level of excitement, because we’ve learned to link excitement with crowd noise. You can have the most amazing players, with so many things to cheer on, but the only noise you’re likely to hear will be from whoever is watching with you in the lounge room (and maybe your neighbour if they’re watching too).
If we’re not sharing the moment with everyone, we’re missing out on that sense of belonging.
Most teams have their own home ground, but in some cases, two or more teams might share a home ground. When they’re playing against each other, one team is still designated as home, and the other as away. Neither team has to travel far, and both teams are familiar with the stadium’s quirks, but the designated “home” team will have a more sympathetic crowd. A 2015 study used this exact scenario at the Staples Centre in Los Angeles to find that essentially the entire home advantage between two teams comes down to the crowd effect. So crowd noise can support players, and spur them on.
A 2010 study found referees used crowd noise as a cue when making decisions such as whether to give a yellow card for a foul.
The home crowd is more likely to be loud for fouls against their own team, rather than fouls their team has committed against the opposition. Because crowd noise is strongly associated with exciting action, and fouls are exciting, referees may not even be aware they’re using crowd noise as a cue. Further, they may just want to appease the home crowd.
Sport won’t be as exciting without crowds
I distinctly remember the moment when Nick Davis kicked that goal with 5 seconds to go to defeat the Geelong Cats and send the Sydney Swans into a 2005 preliminary final. The crowd went nuts and I loved sharing that moment with everyone. I belonged.
But if something like that happened this year, and there was no crowd to see it and cheer it on, would it be as exciting? I doubt it.
And that’s precisely why fake crowd noise is on TV. It might feel forced, and some people might not like it much, but at least there’s just a little bit more excitement with it. With any luck, we won’t have to worry about it for too long.
This article was amended on June 3, 2020. It originally referred to the Sydney Swans advancing to the grand final after defeating Geelong. The team actually advanced to a preliminary final.
Amazon.com, Inc. (AMZN) Nasdaq has reached new highs. With a market cap of Market Cap $1.504T, Amazon has widely benefited from the recent global crisis due to COVID-19.
Stocks rose sharply Monday morning after new economic data showing a stronger than expected rebound in US service sector activity in June 2020. Amazon has outpaced the S&P 500’s 1.8% decline by increasing the value of their stock which is up over 6% for the year to date.
Financial results for its first quarter ended March 31, 2020.
Operating cash flow increased 16% to $39.7 billion for the trailing twelve months, compared with $34.4 billion for the trailing twelve months ended March 31, 2019.
Free cash flow increased to $24.3 billion for the trailing twelve months, compared with $23.0 billion for the trailing twelve months ended March 31, 2019.
Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced that IHS Markit Ltd. (NYSE: INFO) has selected AWS as its preferred cloud infrastructure provider and is moving the majority of its data processing infrastructure, corporate platforms, and end user applications and services out of its data centers to AWS to accelerate innovation and improve resiliency. Under the new agreement, the company will migrate hundreds of additional applications over the next three years. Source: Click Here
CEO Jeff Bezos is an American internet entrepreneur, industrialist, media proprietor, and investor. He is best known as the founder, CEO, and president of the multi-national technology company Amazon. The first centi-billionaire on the Forbes wealth index, Bezos has been the world’s richest person since 2017 and was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018. Source:Click here
Bezos pledged to spend $10 billion to fight climate change in February and promised $100 million to food banks in April. Source:Click Here
Uber Technologies, Inc. (NYSE: UBER) and Postmates Inc. today announced that they have reached a definitive agreement under which Uber will acquire Postmates for approximately $2.65 billion in an all-stock transaction.
This transaction brings together Uber’s global Rides and Eats platform with Postmates’ distinctive delivery business in the U.S. Postmates is highly complementary to Uber Eats, with differentiated geographic focus areas and customer demographics, and Postmates’ strong relationships with small- and medium-sized restaurants, particularly local favorites that draw customers to the Postmates brand. Additionally, Postmates has been an early pioneer of “delivery-as-a-service,” which complements Uber’s growing efforts in the delivery of groceries, essentials, and other goods.
For restaurants and merchants, Postmates and Uber Eats will together offer more tools and technology to more easily and cost-effectively connect with a bigger consumer base. Consumers will benefit from expanded choice across a wider range of restaurants and other merchants. And delivery people will enjoy more opportunities to earn income, with increased batching of orders to make better use of their time. Following the closing of the transaction, Uber intends to keep the consumer-facing Postmates app running separately, supported by a more efficient, combined merchant and delivery network.
“Uber and Postmates have long shared a belief that platforms like ours can power much more than just food delivery–they can be a hugely important part of local commerce and communities, all the more important during crises like COVID-19. As more people and more restaurants have come to use our services, Q2 bookings on Uber Eats are up more than 100 percent year on year. We’re thrilled to welcome Postmates to the Uber family as we innovate together to deliver better experiences for consumers, delivery people, and merchants across the country,” said Uber CEO Dara Khosrowshahi.
“Over the past eight years we have been focused on a single mission: enable anyone to have anything delivered to them on-demand. Joining forces with Uber will continue that mission as we continue to build Postmates while creating an even stronger platform that brings this mission to life for our customers. Uber and Postmates have been strong allies working together to advocate and create the best practices across our industry, especially for our couriers. Together we can ensure that as our industry continues to grow, it will do so for the benefit of everyone in the communities we serve,” said Postmates Co-Founder and CEO Bastian Lehmann.
Uber currently estimates that it will issue approximately 84 million shares of common stock for 100% of the fully diluted equity of Postmates.
CWEB Analysts see (NYSE: UBER) as a potential for long term growth and a great addition to one’s portfolio and upward of $65 by 20121
