Today’s stock pick update

Cash-rich consumers fueled U.S. GDP to a 6.4% annualized rate in the first quarter, the Commerce Department said this morning. Personal consumption, he biggest part of he economy, surged an annualized 10.7%, the second-fastest rate since the 1960s. Household and business spending left inventories lean, spurring import demand and weighing on first quarter growth. “When you get a GDP report that features accelerating consumption and declining inventories, it can be considered...

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Essa Pharma (NASDAQ: EPIX): Essa Pharma announced yesterday that it has entered into a clinical trial collaboration and supply agreement with Bayer to evaluate Essa’s lead product candidate, EPI-7386, with Bayer’s androgen receptor inhibitor, darolutamide, in patients with metastatic castration-resistant prostate cancer. “We are delighted to collaborate with Bayer to explore ...

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WHR is an interesting bet on increasing home prices

One of the most interesting counterpoints to the gloomy, depressing and frustrating part of the COVID-19 story is the way the housing market hasn’t merely been stable, but even grown over the past year. In a lot of different parts of the country, home prices have been rising on an accelerated basis over the past year. That has buoyed the operations of home builders, the companies that support them, and the businesses that homeowners purchase from to maintain, upgrade and furnish their homes...

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TransGlobe Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds interests in four production sharing concessions, which include West Gharib, West Bakr, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west central Alberta, Canada...

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