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BenzingaEditorial

Pickup Trucks Will Provide the First Glimpse at an All-Electric Future

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Worksport Terravis Charging System

Tesla (NASDAQ: TSLA) is the first brand on everyone’s minds when it comes to EVs. But despite its stunning performance this year which fuelled a 500% gain, Tesla is no longer free of competitors. Besides Nikola (NASDAQ: NKLA) whose Badger is set to compete directly with Tesla’s Cybertruck, traditional automakers have begun their electric transformation at large. Only time will tell if they will succeed to adapt to the new era, but the competing landscape will change dramatically for Tesla during the next 24 months. Moreover, America’s favorite vehicle will provide us with the first trailer of the EV blockbuster era ahead.

Legacy automakers and pickups

On Wednesday, Ford Motor Company (NYSE: F) alerted its employees that it plans to trim its headcount by 1,400 salaried workers by offering them an opportunity to retire this year. Ford is due to deliver one of the most eagerly anticipated electric models in 2022, an all-electric version of its F-150, the best-selling pickup in the US and Canada for 54 years. However, Ford will first roll out a hybrid version of its popular F150 pick-up. It is expected in dealership by the end of the year. A hybrid 2021 F150 is not a plug-in hybrid as it features a battery that is regenerated by the gas engine. The vehicle can manage short distances on electricity, but it switches to the gas engine when acceleration occurs. Hybrid could indeed be the solution to many of the difficulties that have plagued the development of electric pick-ups.

General Motors (NYSE: GM) will reveal its battery-electric GMC Hummer “supertruck” in the fall. The truck segment has been profitable for each of Detroit’s big three. In the third quarter, Fiat Chrysler’s (NYSE: FCAU) deliveries even rose marginally by 0.1% due to strong Ram pickup truck sales. Usually, the battle is between F-Series, Silverado, and Ram. Although the Italian-American automaker has been slow to adopt the electric trend, it did announce back in July that it will electrify its profit-heavy Jeep brand by 2022. So, this battle is bound to be transferred to the electric playfield at some point.

Worksport is set to enter the EV race with a bang

Worksport (OTC: WKSP) just announced that it landed a $70 million OEM agreement with an US based EV Truck Manufacturer, but without revealing the name of the EV truck manufacturer. The Canadian-based company recently unveiled its TerraVis solar-powered tonneau cover. Worksport has already established its position as an innovative yet affordable manufacturer of tonneau covers. Now, by incorporating complex solar technology that is able to both generate and store energy, it could easily reduce pickup trucks’ dependency on internal combustion engines. TerraVis is tailored to appeal both to traditional pickup drivers who want to upgrade their existing vehicles as well as future owners who want to extend the range and efficiency of their electric pickups.

Which electric pickup truck manufacturer could be on the other end of the deal?

Lordstown Motors from DiamondPeak Holdings Corp (NASDAQ: DPHC), which took over GM’s shuttered plant in Ohio, has big commercial plans with its Endurance pickup. Although the production is yet to begin, the company already has 40,000 pre-orders.

Rivian Automotive is already being heavily supported by Amazon.com Inc (NASDAQ: AMZN) that made the biggest electric order to date with 100,000 vehicles to power its fleet. It is already annoying Tesla at large by hiring its former employees. Tesla even filed a lawsuit over allegations that Rivian stole its employees as well as sensitive trade secrets. Rivian denied the accusations. Rivian is simply aiming for the stars as it is benchmarking the greatest when it comes to quality. It wants its vehicles to have interiors that go in line with Lamborghini, Bentley, Lincoln, and Audi. Its all-electric R1T pickup truck and R1S SUV will be officially introduced next year.

Atlis Motor Vehicles, an electric vehicle technology start-up designing an electric Atlis XT pickup. The company has been rather silent since April when it showed determination to develop an innovative approach to battery design and significantly reduce charge time. Afterall, great things take time.

A relatively new, Detroit-based manufacturer, Hercules Electric Vehicles,  intends to introduce an all-electric pickup truck, the Hercules Alpha by 2021. By its announced specs, its vehicle could indeed become the Hercules of electric trucks.

Outlook

The decreasing price of batteries and vehicles suggests that EVs are becoming much more affordable. Once their price comes near to that of vehicles with internal combustion engines, the market will continue growing on its own, without even needing any subsidies. The auto industry could be reborn over the coming months as a serious of electric pickups make their debut. Considering Nikola got a $3 billion market boost from order of 2,500 e-trucks, this start up also has the potential to become a big EV player. Moreover, we don’t even know which pick truck manufacturer will gain new superpowers thanks to Worksport’s trademark technology. The future is promised to no one, not even the almighty Tesla and its flamboyant CEO, Elon Musk.

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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BenzingaEditorial

Five IPO Week Ahead

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This week’s schedule consists of five IPOs and one direct listing.

E-commerce

South Korea’s answer to Amazon (NASDAQ: AMZN), the giant Coupang (NYSE: CPNG) plans to raise $3.4 billion at a $51.0 billion market cap. A leading player in its market nearly doubled revenue in 2020 and has expanded its margins, but it is unprofitable. Also, significant investments in fulfillment will weigh on cash flow in the near term. Its public debut has been overshadowed by series of injuries and deaths of its workers as eight employees have reportedly died over the past year due to overwork. Although South Korea has strong labor laws for full-time workers, including a maximum 52-hour work week, compulsory one-hour breaks during an eight-hour shift, and mandatory medical insurance for work-related injuries, these laws do not apply to temporary workers without contracts, and unions say there are many loopholes that companies such as Coupang are exploiting. Moreover, Financial Times reported its warehouse workers claim that the workload is much heavier compared to the company’s rivals.

Online gaming

Online gaming platform Roblox (NYSE: RBLX) will be 2021’s first direct listing. With an estimated market value at listing exceeding $29 billion, the company is still unprofitable with strong free cash flow. Its growth has been accelerated by the pandemic, although all of its revenues depend only on 1% of players. The platform for user-generated games is a universe of interconnected worlds created by CEO Dave Baszucki and the late Erik Cassel who played around with physics in a virtual world. They ended up coded a platform where kids and adults could interact in 3D simulated virtual environments that resembles virtual Legos. Some of its games have been played billions of times.

Pool equipment

Pool equipment supplier Hayward Holdings (NYSE: HAYW) plans to raise $725 million at its New York public debut at a $4.4 billion market cap. The company is a global industry-leader with a broad portfolio that holds an estimated 30% share of the North American residential pool market with its largest customer accounting for 30% of its 2020 sales, and its top five customers making 43% of its sales.

Craft

Fabric and crafts retailer JOANN (NASDAQ: JOAN) plans to raise $175 million but Barrons estimates it could raise as much as $186 million. The company operates a nationwide network of 855 sewing, fabrics, and arts and crafts retail stores, leveraged by an online digital platform as it sells fabric, sewing supplies, and paints and brushes, many of which became more needed than ever for mask-making. It is the nation’s leader in sewing as it controls approximately one-third of the market. The company is expected to make its NASDAQ debut on March 11th.

From after-school tutoring to an education group

The largest operator of private high schools in Western China and the third largest operator in China by student enrollment as of December 31, 2019, First High-School Education Group (NYSE: FHS) plans to raise $75 million at a $289 million market cap. Although it was originally established to provide after-school tutoring services, the company now owns 19 schools in its developing network.

Meat steak technology

Israeli tech company that develops cultured meat tech products, MeaTech 3D (NASDAQ: MITC) plans to raise $25 million at a $175 million market cap. This is a technology company focused on developing and out-licensing its proprietary 3D printing technology, biotechnology processes and customizable manufacturing processes to food companies that manufacture proteins without animal slaughter. In the third quarter of fiscal 2020, the company successfully printed meat tissue from stem cells as it delivered a thin, slaughter-free steak, but it has not generated any revenues and this will continue being the case in the near future.

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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BenzingaEditorial

Weekly Earnings Preview

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Here are a few spotlights on this week’s earnings front.

Personalized clothing is still trending.

On Monday after market close, Wall Street expects Stitch Fix Inc (NASDAQ: SFIX) to lose 22 cents per share and show revenue of $512.22 million as top line is expected to gain from continued growth in the company’s active client base. Valuation concerns have emerged, but the online clothing personalization specialist is investing heavily to expand the total addressable market and speed up purchase decisions. With a group of 145 data scientists, it is building an algorithmically-driven engine to showcase personalized apparel options so clients don’ need to search and browse to find desired clothing. But what investors want to see revenue growth acceleration and improved profit margins. What Stitch Fix did show is that even in times of a recession, consumers are willing to spend on clothing, as long as they’re given a helping hand which is exactly what its tech-powered team of stylists did.

Leaving the drama on the stage, or more precisely, the screen.

On Wednesday, Wall Street expects AMC Entertainment Holdings Inc (NYSE: AMC) to lose $3.21 per share on revenue of $156.3 million. There has been tons of drama outside the movie theaters, along with comedy and suspense with the Reddit-related noise. In 2020, movie ticket revenues plunged 82% YoY to $2.1 billion but the combination of vaccines and eased social distancing restrictions, AMC’s prospects should improve. Additionally,  AMC’s has enacted several capital raises which has greatly reduced the risk of near-term bankruptcy. Nevertheless, AMC needs to show it has what it takes to stay strong, particularly as streaming giants begin to release movies directly from their platforms.

Oracle is aiming for the clouds.

Also on Wednesday, after market close, Wall Street expects Oracle Corporation (NYSE: ORCL) to earn $1.11 per share on revenue of $10.07 billion. The market appears willing to assign multiple expansion to Oracle shares as the company transforms its business into a cloud subscription-based model, something that resembles what Microsoft (NASDAQ: MSFT) did a decade ago. But it remains to be seen if Oracle can compete with Salesforce (NYSE: CRM), Workday Inc (NASDAQ: WDAY) and Amazon (NASDAQ: AMZN). The company must demonstrate how it plans to gain a larger share of the market as the cloud market continues to accelerate.

DocuSign needs to show its digital framework is sustainable beyond the pandemic.

On Thursday, Wall Street expects DocuSign Inc (NASDAQ: DOCU) to earn 22 cents per share on revenue of $407.65 million. The selloff in tech stock have seemingly strengthened the pressure on its stock. DocuSign’s success is owed to enabling individuals and businesses to digitize an agreement process which was incredibly handy during the global pandemic as enterprises were forced to operate remotely. However, vaccines have made the market question DocuSign’s ability to sustain its growth rate. The company needs to show it can diversify its revenue stream with other products such as its contract lifecycle management platform which is seen as a strong growth candidate along with outlining its path towards profitability.

Although this might not be a very busy earnings week with five scheduled IPOs, we’re still in for some interesting insights as the world is building a new kind of post-pandemic normalcy.

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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BenzingaEditorial

Healthcare Industry- A Diamond In the Rough

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When looking for growth stocks, the healthcare industry probably isn’t the first place you’d think to look. Yet, what we realized last year is that an invisible enemy that weighs less than 1g can not only threaten our lives but actually stop the world – and healthcare ended up being the only superhero that we could turn to. Over the past decade, healthcare companies working behind the scenes have produced market-crushing gains. But US healthcare, which has dealt poorly with the pandemic, is worth almost $4 trillion a year.

Three years ago, Jeff Bezos, Warren Buffett and Jamie Dimon unveiled a joint initiative to fix the already troubled US healthcare system. But, the Haven venture will dissolve in February. Even the bosses of Amazon (NASDAQ: AMZN), Berkshire Hathaway Inc (NYSE: BRK-B) and JPMorgan (NYSE: JPM) were no match for this complex industry. The trio had a good plan as this is just the kind of legacy set-up tech should be able to skewer. They wanted to use their combined workforce that exceeds 1 million in a non-profit, tech-driven venture, to show what could be achieved without intermediaries.

But disruption alone cannot finish the job as hiring renowned surgeon Dr Atul Gawande as chief executive, someone better known for writing about healthcare than running a business, suggests the project prioritized talking over doing. Perhaps this is what got us in the trouble with the global pandemic in the first place. Fortunately, vaccine makers such as Pfizer (NYSE: PFE), BioNTech (NASDAQ: BNTX) and Moderna (NASDAQ: MRNA) delivered on their promises and we can see the light at the end of the pandemic tunnel thanks to their candidates. But, even though three of the world most successful businessmen didn’t succeed, does not mean that massive potential is not there.

Healthcare’s where the money goes

In 2019, U.S. healthcare spending grew to $3.8 trillion, which was 4.6% more than 2018. We can be sure this figure will keep rising because the pandemic has amplified how vulnerable human health is. The beauty of the industry is that health encompasses so many different segments such as clinical services, manufacturing of drugs and medical equipment, and healthcare-related support services, including medical insurance. These companies play a key role in the diagnosis, treatment, nursing, and management of illness, disease, and injury. They are essential for the health of the population which can easily be considered as the most important task on the planet.

Electronic health records still didn’t bring any benefits

Over the past decade, the federal government has spent about $36 billion to ditch paper records and switch to electronic health records. But accessing that data and actually using it to make better decisions for patients is still more challenging than it should be. If you want to know what your doctor looks like when he or she is angry and frustrated, try asking them about their experience with EHR providers.

In a nutshell, the hired providers focused primarily on facilitating complex billing systems that don’t have a lot to do with the main service. In simple words, the software hospitals bought was not made with healthcare in mind and the goal to help physicians make better treatment decisions and therefore it was set for failure from the very beginning. Healthcare is a noble profession that is much more about qualitative than quantitative figures. But, this does not mean it cannot benefit from software, on the contrary. Technology can do a great job in taking control of automated processes away from so doctors and nurses can devote their energy to what no machine can do – restore a patient’s health and save a life. We can take a medicine for a symptom or boost our immune system, but only a human being can find a way to identify what went wrong and make a roadmap to get us on a path to health, sometimes with their own hands. Have no doubt, what medical staff does is nothing short of magic. In order to serve them, the people behind the technology need to be aware of what these magnificent people do before creating the software.

Achieving scale and speed

The healthcare industry spends more than $600 billion per year on administration costs, which makes about 30% of all healthcare costs. Healthcare Business Resources, Inc. is one of the rare companies focused on providing technology solutions to make healthcare organizations more efficient. They are able to provide modern management, marketing, and technology solutions and refresh the antiquated healthcare business model because its officers, directors and advisors have a healthcare background. They are an SEC reporting issuer but not yet publicly traded.  They cumulatively acquired companies with a combined value exceeding  $20 billion who run billion dollar healthcare systems. They plan to grow primarily through strategic acquisitions to benefit from the power of synergy in which one plus one is not only greater than two but can also be greater than 11 – because when the right people come together, magic happens.

Healthcare is the place to be

The last drop that contributed to Haven’s collapse may have been the Amazon-ifying of healthcare as the ecommerce giant has launched online prescription service Amazon Pharmacy and a virtual primary care facility for employees. Even Jeff Bezos knew that if he wants to shake some of the criticism, US healthcare is always a good place to start. If 2020 taught us anything is that without healthcare, the world collapses and so do we. The potential is there, all that it needs is someone who is not afraid of a challenge and who will let action speak for itself.

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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