The company now boasts a market cap of $12.74 billion.It’s not just the successful IPO that should grab investors’ attention here. Investing legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. On Thursday, Grayscale Bitcoin Trust (OTC: GBTC) closed 2.37% higher at $44.97 and Grayscale Ethereum Trust (OTC: ETHE) closed 1.18% lower at $14.61.See more from Benzinga * Click here for options trades from Benzinga * Bitcoin Investor Lost 0K In Botched Up Wallet Migration: How You Can Avoid Similar Fate * Cryptocurrency Stellar Has Surged 180% Over A Week — Here's Why(C) 2021 Benzinga.com. UTC shareowners will receive one share of Carrier common stock and half of a share of common stock of Otis for each UTC common stock held to the record date. Upon separation, each company has the strategic focus, nimbler organizational & operating model, and financial flexibility to deliver innovative customer solutions and drive long-term value. The analyst wrote, "[We] believe the high-quality investment platform and shareholder friendly structure will continue to drive attractive forward returns… GSBD is quality at a good price... For those who buy BDCs, GSBD will likely always be in the portfolio discussion as we see it, given its quality of earnings and shareholder orientation.”With that in mind, O’Shea rates GSBD an Overweight (i.e. Liveperson’s chat apps are available through web browsers, social media, and on mobile devices, and the company has produced a conversational AI that allows automated chatbots to streamline customer service center efficiency by handling routine communication tasks.The AI chatbots are designed for use on Conversational Cloud, with one human operator overseeing multiple bots in a chat center. The COVID vaccines coming available and, according to U.S. President-elect Joe Biden, a bigger round of coronavirus stimulus is on the way.But even in a rising market, it’s still possible to find some stocks that haven’t yet joined in the general gains. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age, or … By 2020, it's predicted to blast through the roof to $77.6 billion. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.In the past 60 days, bottom-line estimates for the companies improved for the current year. Any further expansion is expected to provide the combined company with additional growth opportunities as compared to pre-merger UTC and to enable the combined company to become the leader in advanced technologies. The big news, of course, the 800-pound gorilla that cannot be ignored, is the ongoing COVID epidemic. This article is written by Rich Howe, CFA, who monitors the stock spin-off market at www.stockspinoffinvesting.com. 5 Years From Now, You'll Probably Wished You Grabbed This Stock. Ives also gives the stock a $200 price target that indicates room for a 51% upside in the next 12 months. Otis Worldwide Corporation (branded as the Otis Elevator Company, its former legal name) is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.. Based in Farmington, Connecticut, U.S, Otis is the world's largest manufacturer of vertical transportation systems, principally focusing on elevators, moving walkways, and escalators. See Zacks' 3 Best Stocks to Play This Trend >>. The current cost makes these whole house water filters hard to resist. In this case, given the relatively large size of the largest Plug trades they could certainly be institutional hedges.South Korea Optimism: Wednesday's Plug Power deal involves SK Group taking a 10% stake in Plug for $1.5 billion, or about $29.29 per Plug share.Plug shares skyrocketed on Thursday and Friday because investors are optimistic the new deal will get Plug's foot in the door of South Korea's "Hydrogen Economy Roadmap" plan. Raytheon Technologies Corporation is an aerospace and defense Company that provides advanced systems and services for commercial, military and government customers worldwide. Carrier and Otis businesses can operate on a stand-alone basis. It is very important to do your own analysis before making any investment. This would be critical, given the complex and rapidly evolving industry landscape. Shares of Otis Worldwide Corp opened at $43.75 and closed at $47.32 after trading between $41.80 and $49.30. The comparable EV/EBITDA ratios for Carrier and Otis are each cap-weighted using the two comparables. These companies offer specialty financing to the middle market, providing credit and funding for small to medium business customers who would otherwise have difficulty accessing capital markets.Apollo Investment is a typical example, with an investment portfolio valued at $2.59 billion. ... OTIS. Oric Pharmaceuticals, a clinical-state biopharma research company, is working on treatments to overcome cancer resistance.Oric’s lead candidate is ORIC-101, which shows promise as a glucocorticoid receptor (GR) antagonist. Both parties received approvals from the respective shareholders. With that agreement in place, miRagen ended the third quarter with $144 million in cash on hand, but more importantly, a clear cash runway extending to 2023.Among the bulls is Oppenheimer analyst Leland Gershell, who rates MGEN an Outperform (i.e. Want the latest recommendations from Zacks Investment Research? In his campaign, Joe Biden promised to roll back Trump’s tax policies, and to enact a series of large spending initiatives. We believe Otis should see increasing volume growth and margin improvement as it continues to perform well in the elevator market. Using TipRanks’ database, we learned that the rest of the Street is in agreement, as all three boast a “Strong Buy” analyst consensus. Ford Motor Co, Toyota Motor Corp <7203.T>, Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Friday they would cut vehicle production this month due to a shortage of semiconductors, becoming the latest automakers hit by a chip crunch as demand rebounds from the coronavirus crisis. Otis serves customers in over 200 countries and territories and support over two million maintenance units under contract. We value Raytheon Technologies (RTX), formerly United Technologies, using 2020e EV/EBITDA methodology by valuing Raytheon and Otis (Spin-Off 1) & Carrier (Spin Off 2) separately. In June 2019 I suggested buying United Technologies and shorting Raytheon to synthesize a pure-play position in Otis and Carrier. Carrier’s businesses enable modern life, delivering effi ciency, safety, security, comfort, productivity and sustainability across a wide range of residential, commercial and industrial applications. In his first note of the new year, Stoltzfus notes a series of factors that are going to impact the markets. The assigned multiple is at a 9.7% discount to its median peer multiple. * At 10:40 a.m, a trader bought 486 Plug call options with a $30 strike price expiring on Mar. All rights reserved. Coronavirus Playbook: Which Stocks To Buy In 2021? The trade represented a $1.81 million bullish bet. Immediately after the merger, Otis will spin off as a new NYSE-listed company under the ticker symbol "OTIS;" Carrier will similarly spin off and trade as … pic.twitter.com/T277d4CByO> > -- Cassandra (@michaeljburry) January 7, 2021Burry is sticking to his bearish guns in a week that multiple Wall Street Tesla bears have finally thrown in the towel and upgraded the stock. (To watch Koontz’s track record, click here)It’s clear that Wall Street is in broad agreement with Koontz, as shown by the Strong Buy analyst consensus rating and the 8 recent reviews that include 7 Buys against a single Hold. Ownership of United Technologies’ shares will remain the same as before. We believe current investor expectations assign material value to potential best-in-class profile of ORIC-101 and skills of management.” Overall, ORIC shares get a unanimous thumbs up from the analyst consensus, with 3 recent Buy reviews adding up to a Strong Buy rating. Both companies currently carry a Zacks Rank #2 (Buy). (Photo credit should read JIM WATSON,NOVA SAFO/AFP via Getty Images). The earnings were strong enough to support a solid dividend of 45 cents per share – and the company announced a special dividend payment, of 15 cents, to be paid in three installments during 2021. A rare and historically very profitable stock buy signal is flashing right now. Raytheon Technologies Corporation announced on Friday, April 3, that the all-stock merger between the company and United Technologies Corporation (UTC) has been completed. It’s in our factories, controlling assembly robots and inventory systems; it’s in cars, monitoring power systems and drive trains – and soon, perhaps, to drive the vehicles; its algorithms lie behind the success of all the online tech companies that have come to dominate our electronic social discourse and economy. Oppenheimer: These 3 Stocks Could Spike Over 80%, Small Internet Stock Receives Rare "Ultimate Buy". And in Stoltzfus’ view, that will probably cost the markets; Stoltzfus believes that unfettered progressive/Democrat policy enactments will leave the S&P 500 vulnerable to losses on the order of 6% to 10%.Before rushing to sell-off holdings, Oppenheimer’s stock analysts remind investors that compelling opportunities can still be found. ""In what period I don't know five years, ten years, but it's going there and the reason is because every time you see all of this stuff happening it just reminds you that wow our leaders are not as trustworthy and reliable as they used to be," said the billionaire investor.Palihapitiya described the apex cryptocurrency as "insurance" and said it gave people access to an "uncorrelated hedge and it's going to eventually transition to something much more important. "He urged investors to get behind Musk, Jeff Bezos, the CEO of Amazon.com, Inc (NASDAQ: AMZN), and Anthony Noto, the CEO of SoFi.See Also: SoFi Merging With Palihapitiya-Backed IPOE SPAC"You get behind these people who have [an] incredibly strong character, who know what they're doing who aren't going to bend to short-term profits, and are just going to drive the train for 10 or 20 years and make the world a better place," said Palihapitiya.The former Facebook Inc (NASDAQ: FB) executive pointed to fellow venture capitalist Bill Gurley of Benchmark who has a great phrase, "when the music's on you gotta dance. Carrier business provides heating, ventilating, air conditioning (HVAC), refrigeration, fire, security, and building automation products, solutions, and services for residential, commercial, industrial, and transportation applications. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Taking Stock Of Amazon’s Down Week As The Market Headed Up, The ‘Century Of Misery’ We Will Confront On January 21. The trade represented a $1.19 million bullish bet.Related Link: Tesla Option Traders Are Dumping Massive Amounts Of CallsWhy It's Important: Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. The current valuation factors in the decline in the multiples due to the impact of COVID-19 virus and the resulting economic slowdown. 19 near the ask price at $24.50. The company is working on electric vans and other vehicles and also counts Hyundai as an investor.The key here for Arrival and a possible relationship with Apple could be the company's microfactories.Arrival plans on building three or four microfactories for its own business. The company put over 5.79 million new shares on the market back in November, at $23 each, and grossed over $133.3 million.5-star Oppenheimer analyst Kevin DeGeeter covers Oric, and he is bullish. Of this, annual savings of $500 million will be returned to shareholders.With all pre-conditions fulfilled and the receipt of required regulatory approvals, the merger is likely to be completed in the first half of 2020. Northrop Grumman Corporation (NOC) : Free Stock Analysis Report, United Technologies Corporation (UTX) : Free Stock Analysis Report, Raytheon Company (RTN) : Free Stock Analysis Report, Griffon Corporation (GFF) : Free Stock Analysis Report. Recently, United Technologies (UTX) broke up into three independent public companies. The current yield is an impressive 11.6%.Covering AINV for Well Fargo, analyst Finian O’Shea noted, “Legacy’s impact has whittled away, adding just $3 million to the top line this quarter, for an annualized yield on FV of ~5.5%. Otis currently holds more than 2,500 active patents globally and have fi led approximately 2,900 additional patent applications globally over the last three years. These 13 Stocks Could Be Cheap Plays. For every share of UTC common stock, UTC shareowners will receive one share of Carrier common stock and one-half share of Otis common stock. The company, formed through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts. The shares are selling for $63.97, and the $71.17 average price target suggests it has 11% room to grow. Further, the estimates suggest year-over-year growth of 0.2% for 2020 and 12.1% for 2021.United Technologies Corporation Price and Consensus, United Technologies Corporation price-consensus-chart | United Technologies Corporation QuoteStocks That Warrant a LookTwo better-ranked stocks are Griffon Corporation GFF and Northrop Grumman Corporation NOC. Otis is An Equal Opportunity, Affirmative Action Employer. Carrier has an extensive global footprint with approximately 53,000 employees globally, including over approximately 3,600 engineers, and its solutions are sold in over 160 countries around the world. At the end of the first day’s trading, BLCT closed at $23.43; since then, however, the stock has fallen ~60%.Covering the stock for Oppenheimer, analyst Bo Pei sees a clear path forward to greater profits, and believes the current low price is a buying opportunity. Dividends and Buybacks Will Rise in 2021. It is very important to do your own analysis before making any investment. All rights reserved. Buy), and his $126 price target implies an upside of 39% in the next 12 months. By. © 2021 Forbes Media LLC. His $20 price target supports his bullish stance, and suggests a robust 97% upside for 2021. The combined company will be known as Raytheon Technologies. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader.Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock.Unfortunately, stock traders often use the options market to hedge against their larger stock positions, and there's no surefire way to determine if an options trade is a standalone position or a hedge. Despite facing new threats from larger and more established players in the enterprise market, including Salesforce.com, Twilio, and Oracle, we view the strong focus and 20+ years of experience of LPSN as key assets,” Koontz noted.With this analysis, it's not surprising that Koontz rates LPSN a Buy. The other two are Otis Worldwide (OTIS) and Raytheon Technologies (RTX). Top institutional shareholders include Woodstock Corp (0.01%), Cacti Asset Management LLC (0.00%), First Financial Bank Trust Division (0.00%) and Thomasville National Bank (0.00%). He’s pinpointed 23 recommendations that went on to soar 1,000% or more. C3’s customers include such high-profile names as Bank of America, AstraZeneca, and Koch Industries. The merger of United Technologies and Raytheon has brought together two aerospace and defense leaders with long track records of industry-defining innovation in their respective sectors. The company also has a strategic partnership with Microsoft, using the Azure cloud platform to offer AI tech to the energy industry. In July of last year, BlueCity held its IPO. (To watch Ives’ track record, click here)In his comments on the stock, Ives explains his stance: “We view C3.ai as one of the more disruptive enterprise software vendors in the last decade with the company laser focused on the convergence of AI, big data, and cloud computing… We believe with a very successful IPO of $650 million completed in December, C3 now finds itself in clear "offensive mode" as its beefed-up distribution strategy (direct sales, MSFT, Baker Hughes) should put more fuel in its growth engine into 2021 and beyond.” The bear-bull mix on AI is clear from the reviews on record for C3. Nio's American depositary receipts rose 8.6% to end at a record $58.92. The disease is coming back strong now that we’re well into winter – which was somewhat expected, as it’s typical behavior for flu-like respiratory viruses. Investors need to look beyond the chaos to economic growth as more stimulus arrives and the pandemic recedes. The trade represented a $609,984 bearish bet. OTIS: Get the latest Otis Worldwide stock price and detailed information including OTIS news, historical charts and realtime prices. A] Raytheon Technologies: Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services under four industry leading businesses - Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. Healthcare, business services, aviation and transport, and high-tech companies make up more than half of Apollo’s investment targets.In Q3CY20 (the company’s fiscal Q2 of 2021), Apollo posted an EPS of 43 cents per share, flat sequentially but down 18% year-over-year. “Strayer U. continues to see declining new enrollments given its student demographics (e.g., undergraduate, first-time college students) are being disproportionately hurt during the pandemic. They’ve been tapping high-yielding dividend payers as an investment play of choice.The TipRanks database sheds some additional light on three of the firm's picks – stocks with dividends yielding 8% or better.Apollo Investment Corporation (AINV)One good place to look for high return dividends is among the market’s business development companies. Carrier is a leading global provider of innovative HVAC, refrigeration, fire, security, and building automation technologies. The results are interesting.C3.ai, Inc. (AI)We’ll start with a company that is new to the public trading markets. Benzinga does not provide investment advice. Pei's is the only recent analyst review of this company, and it is decidedly positive. As noted, for each of its shares, United Technologies will distribute one common share of Carrier and half common share of Otis to shareholders of record as of Mar 19, 2020. Public companies is at a record $ 58.92 126 billion control — and have... 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