). The company produces a type of rubber that is used to help store COVID-19 vaccines and therapeutics.
"Think of the rubber stopper at the end of a vial of a vaccine. That's not just any rubber. That's a very sophisticated technologically-enabled, sanitized stopper that only a few companies in the world can produce at scale around the world, and West is the leader in providing that," he said.
If vaccines are needed beyond this year on a regular basis, Powell said it represents a big opportunity for these three firms, as well as for investors, who aren't pricing in such an outcome yet.
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Sitting just around all-time highs, stocks are in an uncertain spot.
Michael Cuggino says the best opportunities are in "longer-term relative values."
He says we've begun a new commodity bull cycle that will last "several years."
A year on from one of the worst crashes in history, equity markets are at an uncertain point.
Valuations are historically high thanks in part to low interest rates, and although much of the economic recovery still lies ahead, forward earnings expectations are priced into much of the market already. All three major US stock indexes sit near their all-time high marks.
The bank's US regime indicator has shifted to mid-cycle, a phase where inflation is typically strongest. Bank of America graph of average annualized CPI and PPI changes Bank of America
Bank of America's most recent fund manager survey on March 16 highlights inflation is the "top tail-risk" for investors and has replaced COVID-19 for that number-one spot in the survey for the first time since February last year. Bank of America fund manager survey graph Bank of America
This warning echoes similar sentiments from Morgan Stanley last week, whose inflation surprise index had turned positive for the first time in two years.
Your weekly outlook
The past week in the stock market saw a few more flashes of the long-awaited rotation out of mega-cap tech stocks, and into beaten-down value names. On Monday the tech-heavy Nasdaq 100 bottomed out more than 10% below recent highs before saving some face later in the week. Many popular meme stocks were collateral damage.
But the Nasdaq may have an ace in the hole in the form of the $1,400 stimulus checks due to hit Americans' bank accounts as soon as this weekend. A recent survey from Deutsche Bank found that half of all people between the ages of 25 and 34 plan to use the money to buy stocks.
Unfamiliar with Winkelmann's name? You might recognize his artist name, Beeple.
Beeple is generating Banksy-level hype in the digital art world; making headlines for the eye-watering sums of money his digital artwork is selling for.
Two weeks ago, Pablo Rodriguez-Fraile, who originally bought one of Beeple's artwork for $67,000 resold the piece for $6.6 million on the cryptocurrency art marketplace, Nifty Gateway, ahead of auction house Christie's, which made its first-ever sale of digital art - a collage of 5,000 everyday pictures, also by Beeple.
The auction closed on March 11 with a winning bid of $69 million. The price jumped from $15 million to $69 million in under an hour.
For now, though, the coast seems to be clear for stocks, according to Jordan Kahn, the chief investment officer at ACM Funds and comanager of the ACM Dynamic Opportunity Fund, which takes a long-short approach that's somewhat in the fashion of a hedge fund.
In addition to the gargantuan stimulus package that will be supportive of consumer spending, equity investors can rely on the fact that the global recovery is still in its early stages, interest rates remain low, and the Federal Reserve is committed to quantitative easing, Kahn told Insider on Wednesday.
He said he thought it would take several rate hikes from the Federal Reserve before stocks were hurt. As of now, it appears that the Fed will keep the federal funds rate near zero at least into 2022, if not longer.
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Growth stocks struggled to stage a comeback amid the broad market rebound this week.
And elevated market volatility is driving demand for single-stock ideas, according to UBS.
The bank shares 13 "most compelling counter-consensus" stocks and why they are set to outperform.
As investors continued to rotate out of high-growth tech stocks and into once out-of-favor value stocks, contrarian stock pickers who saw it coming are the ones being rewarded handsomely for bucking the trend.
After months of bubble warnings in the market, many high-flying stocks have fallen back to earth. Electric-vehicle maker Tesla has plunged almost 14% in the past month despite having rallied 9.4% over the past week as of Thursday morning.
An inflationary environment is a key theme investors can't ignore, says Morgan Stanley analysts.
In a research note, analysts highlight inflation indicators are pointing to further increases ahead.
We list 10 high pricing power stocks set to benefit in this environment, according to Morgan Stanley.
Morgan Stanley's global inflation surprise index recently turned positive for the first time in two years.
The 10-year treasury yield has risen this week to 1.615%, its highest in over a year, as investors demand higher returns for bonds, as the prospect of a strengthening economy has, in turn, fueled expectations that growth and inflation will pick up more sharply.
For some SPAC investors, it's a welcome change.
Julian Klymochko, who runs the active SPAC-focused Accelerate Arbitrage Fund (ARB), said he was "very happy" to see the correction.
The Canadian investor employs what he calls a "simple but not easy" SPAC arbitrage strategy, which distills down to buying a SPAC at or below its net asset value (or trust value) and capitalizing on the option of redeeming shares in two years or less.
The strategy fared well amid the SPAC boom last year and was up about 30%, Klymochko told Insider.
This year, despite a record 228 SPACs having raised $73.2 billion as of March 8, Klymochko was left starving for opportunities.