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Penny stock to Watch for March 2020

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Worksport

Franchise Holdings International Inc., (FNHI), Worksport Ltd.’s parent company recently announced that its innovative line of truck accessories will soon be available on Amazon Marketplace. As well, the company been approved to register its trademark “TerraVis” for its forthcoming disruptive solar hybrid technology. Franchise Holdings International is on our watchlist for March 2020 in the Financial Industry & Penny Stock Sector. Read ahead for more breaking information.

March is expected to be a very active month for all micro-cap and nan-cap penny stocks in the OTC markets. With March marking the beginning of earning season for companies with a calendar year end, March starts to set the stage for the fastest growing companies. These breakout companies end up being the less than %1 of penny stocks that up-list to a senior exchange like Nasdaq or New York Stock Exchange, making legendary investor stories similar to when Amazon opened at $18 per in 1997. March is a very key month for smart investors to take strong and long positions in tomorrows Amazon.

Trend outlook for March

Among the leading trends catching investors attention around the world are Renewable Energy, Solar, Hybrid Technology, and Automotive companies. With the automotive markets dominating US market growth, Truck and SUV full-year sales were up 2.6% to 12,234,492 units in US, 2019. There are over 55 Million trucks on the roads in the US and that number is growing. Leading among the largest investments in 2019/20 markets are disruptive EV manufactures Rivian Automotive. Rivian, backed by legacy companies such as Ford and Amazon, have raised a record 3 Billion dollars. Rivian will be launching a fully electric pickup truck, the RT1, with class leading technology and features. Sadly, Rivian is not public – so we can’t pickup any Rivian stock in the foreseeable future. The EV market is where serious investors are – and they’re here to stay.

Penny Stock To Watch

Franchise Holdings International (OTC:FNHI) has gained serious investor attention recently, and is poised to become a disruptor in its segment. FNHI operates in Automotive parts manufacturing  market through its subsidiary, Worksport. Worksport designs, produces, and distributes Tonneau Covers for pickup trucks. Tonneau Covers (Truck Bed Covers) are the number one selling item for the number one selling vehicles, in the worlds largest market – this is huge. 2019 was a record setting year for Worksport, booking over $2 Million in new revenues and showing earnings. Worksport is a rapidly growing brand in the US market, with a lot of innovation in the pipeline.

Disruptive Solar Technology

Recently, Worksport announced a breakthrough innovation, TerraVis. The TerraVis system is set to launch in the near future, to huge anticipation, but here is what we know. The TerraVis system is a fully patented truck bed system that will have multiple solar panels, offering a meaningful source of power, with no carbon footprint. This means conventional truck owners will have access to off-grid power on demand. Contractors and those that love the outdoors will see an immediate benefit, however, power is always needed in the event of a natural disaster; the TerraVis may be just the innovation needed to provide power when we’re faced with the next wildfire, hurricane, or flood natural disaster. The TerraVis system has huge market potential today.

An Even Brighter Future

The big picture is one of a BlueSky breakout for FNHI and Worksport. Connecting the dots, electric trucks are taking the spotlight. Tesla Cybertruck, Rivian RT1, Atlis Motors, Bollinger Motors, Hercules EV, are just some of the forthcoming Electric Trucks – to name a few. With the future of the US Automotive Market clearly being Electric Trucks, The TerraVis system by FNHI can be a key player by providing a meaningful charge to these Electric Trucks. Reducing Carbon Footprint, Mitigating Range Anxiety, Providing Backup Power – the TerraVis system by Worksport is a no brainer as a disruptive future innovation that is why FNHI is a penny stock with serious attention. As Solar efficiency improves and advancements are made in power storage, the TerraVis can be the power needed for tomorrows E-Truck, unplugged.

It Gets Even Better

With Worksport having a record year in 2019 and trending towards continued growth, the stock seems a real opportunity. Trading heavy volumes at a market cap of only four times 2019 revenues (about $8,000,000 as of the morning of this article), the company could be extremely undervalued. FNHI has a clean balance sheet, very little debt, strong management, an amazing share structure with no dilution – Franchise Holdings International (FNHI) is a stock to watch for March, 2020.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

 

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FbMagazine

IBM Is Not Out of the Woods Yet

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On Thursday afternoon, International Business Corporation (NYSE: IBM) reported its weaker than expected fourth quarter, showing that its transformation struggles continue. The large software acquisition  of Red Hat that helps customers manage a growing hybrid cloud world while using AI to drive efficiency did not manage to bring the desired improvement. The pandemic led to an entirely different scenario and adjusted profits declined by nearly a third in 2020. Upon the results, stock fell more than 6% in after-hours trading. For the past year, Big Blue’s shares have declined 5.1% while the Dow Jones Industrial Average to which it is a member of, gained 6.8% with the S&P gaining 16% during the same period.

Q4 earnings

Net income was $1.36 billion, or $1.51 a share, which is significantly less than $4.11 a share in the same quarter last year and less than the $1.81 a share that analysts had expected. After taking away significant restructuring charges and similar effects, earnings amount to $2.07 a share, down from $4.79 a share in 2019’s quarter.

Analysts expected sales of $20.7 billion, but they shrank from $21.78 billion the year before to $20.37 billion. This is IBM’s lowest quarterly revenue since 1997. Looking at YoY figures, revenue has fallen 30 of the past 34 quarters. The only solace investors could possibly find is in the fact that Red Hat’s revenue increased 18% compared to last year’s quarter, but this wasn’t enough to move the needle.

2020 figures

Revenue dropped from $77.15 billion in 2019 to $73.62 billion, pulling down adjusted earnings from $12.81 a share to $8.67. Before COVID-19 started its relentless march across the globe, analysts expected adjusted earnings of $13.30 a share on sales of $79.4 billion, according to FactSet, but expectations took a sharp dive afterwards. The delivered results were even weaker. At the end of the day, companies are what their figures say they are and right now IBM’s record continues to trend in the wrong direction with shrinking earnings and sales.

2021 outlook

Although Big Blue will be getting smaller on purpose, the planned spinoff of the managed infrastructure business at the end of the year is expected to result in sustainable mid-single-digit revenue growth and a strong free cash flow. The spin-off, along with the $34 billion 2018 Red Hat acquisition and new Chief Executive Arvind Krishna are all parts of an effort to better position IBM in the cloud space which is ran by no other than Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG)(NASDAQ: GOOGL). As if things weren’t hard enough.

IBM expects to grow revenue this year, but the story is more complicated than that. It will take a while before its strategic acquisition makes its way to improved top and bottom lines. Unfortunately, the overall picture is that revenue shrank for the fourth straight quarter, leaving the new executive sitting in the same chair as his predecessor who had 22 straight quarters of revenue losses under his watch. Despite Krishna’s sound approach, IBM’s efforts are simply not generating the expected growth, for now. But it is certainly too soon to say his transformation strategy has failed. However, something needs to change and as soon as possible.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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EV Efforts Needs to Catch Up to the Pace of Vaccine Development

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Science has done the impossible in an effort to combat COVID-19. But there is another technological challenge that is also vital to the planet’s health and it is to make better and more affordable batteries that will enable a wider EV adoption. Batteries need to become cheaper, they need to recharge faster, they need to adjust to a variety of temperatures and they need to last. There are many challenges but more than $300bn has been committed to EV efforts, according to Financial Times.

2020 was brilliant for EVs, despite the pandemic

The Guardian reported that sales of electric cars rose by 43% to more than 3 million, while overall car sales slumped by a fifth last year. Tesla (NASDAQ: TSLA), whose market capitalization of around $805 billion this week was higher than most of its rivals put together, led the race by selling almost half a million EVs. It was followed by Volkswagen (OTC: VWAGY) who sold more electric vehicles in western Europe last year than Tesla, despite VW’s struggles with the technology in recent years. In fact, sales of electric cars more than doubled in Europe, pushing the region past China as the world’s biggest market for them, according to Swedish-based firm, EV-volumes.com. December 2020’s sales were double compared to December 2019.

The equation is simple, EVs are better technology-wise than ICEs because there is no noise, no pollution, but there is better acceleration, and they are cheaper to run without running the environment. But, to truly replace traditional vehicles, more innovation is needed.

Innovations ahead

Worksport Ltd (OTC: WKSP) has recently added another trademark protection to its rich intellectual asset portfolio for TerraVis COR™. This innovative mobile battery system that is soon-to-be-launched is an extension to its TerraVis™ innovative truck tonneau cover system that brought solar-power to the EV equation. Another disruptive EV player is Ideanomics (NASDAQ: IDEX) which has a unique business model tailored to support a wider EV adoption. Its MEG segment effectively utilizes the S2F2C model in facilitating the switch for fleet operators to EVs. The company earns its revenue through a transaction fee for its holistic service that covers procurement, financing, and charging requirements. This is just one of several services that makes this company into a one-stop-shop for those looking to switch to EVs.

2021 – expectations are high

There is little time left to replace internal combustion engines. The UK aims to achieve this goal by 2030. The actual science behind EVs is very different from revolutionary mRNA technology used by Moderna Inc. (NASDAQ: MRNA), BioNTech (NASDAQ: BNTX) and Pfizer (NYSE: PFE) to develop their vaccines. Yet they have both one thing in common and that is the human brain that developed them. By successfully developing the vaccine to combat COVID-19 in less than a year, we won an even greater battle. People showed how far they can go when they come together to respond to an urging need. There’s no reason why developments battery technology won’t benefit from this same kind of synergy that is created when brilliant minds join forces. The money and enthusiasm are there to make yet another global public-private effort a success.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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Awaiting for Apple’s Earnings

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Apple (NASDAQ: AAPL) confirmed that its fiscal Q1 2021 results will be revealed on January 27th and Wall Street is getting excited. The new iPhone 12 could help to finally turn things around in Greater China where its sales have been falling apart since 2015.

The first financial report of the year is always Apple’s biggest in terms of revenue. For one thing, this quarter includes the holiday sales, but it also contains the first near-full quarter of sales for Apple’s annual flagship iPhone refresh. Launches of the iPhone 12 generation of smartphones that include the iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max have reportedly seen such a high demand that Apple will allegedly increase production at the beginning of this year to a level that’s supposedly 30% higher than iPhone orders one year prior. But like the previous few quarters, this will be an unusual one with the ongoing pandemic. The Apple Watch Series 6, Apple Watch SE, and 2020 iPad, have been available for the entirety of the quarter, as opposed to the prior quarter which contained only a few days of this special trio.

Forecasts

Throughout 2020, Apple did not provide any guidance due to pandemic-related uncertainties. This practice will most likely remain in place as COVID-19 continues to wreak havoc on trade and supply chains across the globe. But, given the ongoing presence of social distancing measures that include working from home, revenue growth could still be in store for Mac and the iPad. This could be one of the last quarters of strong demand, before vaccines hopefully start putting an end to the global health crisis. Luckily for Apple, service revenues tend to be “sticky”, so this segment is unlikely to experience much of a decline going forward.

Previous quarter’s weak spots

The company failed to excite investors in its fourth quarter which ended September 26, 2020, due to weak iPhone sales. But this weakness was likely due to the fact that users were waiting for the new iPhone 12, which went on sale in October.

Outlook

Analysts expect revenues for the quarter to exceed $100 billion for the first time in its history. Morgan Stanley expects Apple to deliver all-time record revenue and earnings due to the strength across its product and services portfolio, driven by 5G adoption, remote work and learning, followed by sustained App Store engagement. Therefore, analysts expect double digit YoY growth for Apple’s five revenue segments in the December quarter.Apple’s services segment had a strong fiscal 2020, and the holiday quarter is likely to follow. Whether this will be the case, we will find out on Wednesday when Apple discloses the results of its critical first fiscal quarter for 2021.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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