These three biotech stocks are undervalued: Wedbush analyst - BNN Bloomberg

Andreas Argyrides, vice president of equity research at Wedbush Securities, told BNN Bloomberg on Tuesday that while a high interest rate environment tends to weigh on the biotech sector, there are several companies currently being overlooked by investors.He called this a “good stock environment” for the industry, and said he looks at late-stage companies with strong financial assets, good balance sheets and good prospects for future revenue growth.

The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday.Workers at General Motors Co.’s Canadian plants are on strike, idling key factories in Ontario, after contract negotiations with the union representing about 4,300 employees failed to bring an agreement.

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Gambia Plans First Stock Exchange to Widen Companies’ Funding Options - BNN BloombergGambia plans to open its first stock exchange to help widen funding options for companies in the West African nation where firms have to rely on borrowings and interest rates of as much as 20%.
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Stock Market Can’t Ignore Impact of Rates on Earnings This Season - BNN BloombergStock markets that have refused to buckle under the highest yields since 2007 face a new test. Third-quarter results will shine a light on how much those rates are already hitting profits — and what they’ll do to lofty equity valuations.
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