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Yahoo BusinessOct 19, 2020
The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy'
Markets thrive on risk, but risk is hard to talk about. It's easy to fall back on cliches - buy low and sell high, or the bulls and bears make money while the pigs get slaughtered - but those cliches have drifted into common parlance for a reason. They have a grain of truth.Buying low and selling high has always been known as the way to make a profit, from the earliest days of human barter. And whether the market is moving up or down, whether investors follow a bullish or a bearish strategy, it's possible to turn that profit.So, let's talk about buying low. While the overall market has recovered nicely from the pandemic swoon of mid-winter, many stocks are still struggling with a depressed share value. Some of them are fundamentally sound - and Wall Street's analysts have taking note.Using TipRanks database, we pinpointed three such stocks. Each is down at least 60% so far this year, but each also has a Strong Buy consensus rating and at least 40% upside potential for the coming months.Diamondback Energy (FANG)First up is Diamondback Energy, a Texas oil company that has been part of the Permian Basin boom which put Texas once again at the forefront of the North American oil industry. Diamondback is a smaller player in its industry and its operations are entirely within the Permian, where it is producing some 170,000 barrels of oil daily. While this number is up 40,000 barrels from the springtime, Diamondback has been hit hard by low oil prices in recent months and the stock is down 68% year-to-date.The low prices on the open

MarketWatch MarketPulseOct 19, 2020
Stocks open higher as investors hold out hope for stimulus deal
Stocks opened higher Monday, finding support as investors continued to pencil in the potential for an agreement on a stimulus package from Washington to help cushion the economic blow from the COVID-19 pandemic. The Dow Jones Industrial Average rose 99.28 points, or 0.4%, to 28,705.59, while the S&P 500 was up 0.4% at 3,498.30. The Nasdaq Composite gained 0.5% to trade at 11,728.22. House Speaker Nancy Pelosi, D-Calf., and Treasury Secretary Steven Mnuchin were expected to talk further Monday, according to news reports. Pelosi warned over the weekend that time was running out to complete a deal before the Nov. 3 presidential election.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseOct 19, 2020
Front Yard Residential's stock soars after buyout deal with Pretium, Ares Management valued at $2.4 billion
Shares of Front Yard Residential Corp. soared 33% toward a more than 3-year high in premarket trading Monday, after the U.S. Virgin Islands-based rental homes company announced an agreement to be acquired in deal valued at $2.4 billion by a partnership led by Pretium and funds managed by Ares Management Corp. Under terms of the deal, Front Yard shareholders will receive $13.50 a share in cash for each Front Yard share they own, representing a 35.5% premium to Friday's closing price of $9.96. The last time Front Yard's stock closed at or above $13.50 was June 2017. The deal is expected to close in the first quarter of 2021. Front Yard shares have dropped 19.3% year to date through Friday, while the S&P 500 has gained 7.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchOct 19, 2020
Market Snapshot: Dow slips 200 points in afternoon trade as investors parse odds of stimulus deal before election
U.S. stocks traded lower Monday afternoon, as investors gauge the odds of a stimulus package getting completed before Nov. 3.

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MarketWatch MarketPulseOct 19, 2020
Nikola stock extends selloff, but J.P. Morgan said GM partnership still likely
Shares of Nikola Corp. fell 1.2% in premarket trading Monday, even as J.P. Morgan analyst Paul Coster reiterated his overweight rating on the electric vehicle maker as he tried to assuage concerns that a partnership with General Motors Co. could fall apart. Nikola's stock had tumbled 16.1% on Friday, after Nikola Chief Executive Mark Russell reportedly indicated that the company could manage if GM decides to walk away from the deal, but would cancel plans to produce the Badger truck. Coster said he believes Nikola and GM are still likely to enter a strategic partnership by Dec. 3. "Nikola needs access to GM's supply-chain, engineering resource, the Ultium battery and Hydrotec fuel cells to de-risk the Class 8 truck initiative," Coster wrote in a note to clients. "GM needs to realize a return on billions of dollars of investment in Hydrogen fuel cells, and Nikola might be the best available option." Nikola's stock has tumbled 60.0% over the past three months through Friday, while the S&P 500 has gained 8.0%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchOct 19, 2020
Europe Markets: European stocks pare gains as investors watch U.S. stimulus progress
European stocks moved higher to start the week on Monday, as investors looked to potential stimulus progress from the U.S. and economic data from China that showed a continued recovery for that economy.

Yahoo BusinessOct 19, 2020
Stocks, Futures Rise on Stimulus Hope; Bonds Fall: Markets Wrap
(Bloomberg) -- Stocks in Europe advanced with U.S. futures amid fresh optimism about progress on stimulus talks in Washington. Treasuries dipped.In Europe, banks and insurers led gains while health care and energy firms lagged. Julius Baer posted one of the biggest jumps after third-quarter inflows accelerated at the Swiss wealth manager.S&P 500 Index futures climbed after the gauge closed higher for a third week on Friday. Speaker of the House Nancy Pelosi set a Tuesday deadline for more progress with the White House on a fiscal deal after lengthy discussions over the weekend with Treasury Secretary Steven Mnuchin.The pound strengthened after a report that officials were prepared to water down controversial Brexit legislation in a move that could revive failing talks with the European Union. While Pelosi said a pre-election deal remains possible, her team sent conflicting signals after setting a 48-hour deadline for progress on Saturday night. President Donald Trump renewed his offer to go beyond the dollar amounts now on the table.Pelosi and Mnuchin spoke at length Saturday night about efforts to finalize a stimulus package to help the U.S. weather the affects of the coronavirus, especially as signs emerge of rising economic strain for millions of Americans and an acceleration in infections."It seems that the market is optimistic that indeed stimulus will follow, whether that is tax cuts under a Trump presidency or spending under a Biden presidency," Ben Emons, Medley Global Advisors managin
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