Swiss cycling brand BMC and U.K.-based Formula One motor racing team Red Bull Advanced Technologies have released a teaser video promising a “cycling revolution.”
In the video, former professional sprint cyclist Fabian Cancellara rides—fast—on an obscured road racing bicycle and ends by claiming that “if this works it’s going to change everything.”
BMC has been working with Aston Martin Red Bull Advanced Technologies for two years and the teaser video released on October 6 is the first communication about the collaboration since it was announced in 2018.
“After almost two years of intense research and development, Red Bull Advanced Technologies and innovative Swiss bike brand BMC have moved into the prototyping phase of their technology partnership,” said a joint announcement.
Red Bull Advanced Technologies’ Vehicle Science team has been helping BMC technicians with simulations of bike behavior based on data from Computational Fluid Dynamics (CFD) models.
This has arguably been the most volatile year on record for equities, but we’ve finally entered the homestretch. We’ve witnessed a 34% decline in the benchmark S&P 500 in under five weeks, and a ferocious rebound from a bear market bottom to new highs that took less than five months.
Although this volatility ended the longest bull market run in U.S. history dating back to 1860, the aforementioned ferocious rally also gave birth to a new bull market. While history suggests that there will undoubtedly be hiccups along the way, bull markets tend to last for many years. This means the perfect opportunity is at hand for long-term investors to scoop up excellent businesses.
Investors should consider the following five companies as must-own stocks for the new bull market.
Image source: Getty Images.
We’re witnessing a changing of the guard in the financial sector, and companies that focus on
It is hard to argue with Amazon’s (AMZN) performance in 2020. Even amidst a global pandemic and a struggling economy, all the cards have fallen into place for the e-commerce behemoth. Amazon has seen revenue soar during the viral outbreak and so has its stock. Shares are up by 70% on a year-to-date basis.
However, one analyst thinks the Street has got it all wrong on Amazon. So, is there a bear among the long list of Wall Street Amazon bulls?
On the contrary. Pivotal analyst Michael Levine argues the Street is undervaluing Amazon’s SOTP (sum of the parts). In fact, the analyst calls Amazon “the best mega cap on a multiyear basis” and has just increased his price target to a Street high of $4,500. Levine, therefore, expects shares to add another 43% from current levels. No need to add, but the analyst’s rating stays a Buy.
Honda’s decision to leave Formula One at the end of 2021 poses big questions for Red Bull and for the sport as a whole.
First and foremost, two teams, Red Bull and Alpha Tauri, need to find a new engine supplier by this time next year. The sport has rules in place to ensure no team is left without a power unit in its cars, but based on the current contracts in F1, that would pair Red Bull with its former engine partner, Renault.
That relationship did not end well back in 2018, and neither side has shown a desire to bury the hatchet. What’s more, Red Bull — the only team capable of challenging the dominant Mercedes outfit this year — would go from being a works team with Honda engines to a customer team with Renault, presenting a significant setback in its progress.