Connect with us

General Other

Morgan Stanley Bets on These 3 Stocks; Sees Over 40% Upside

mm

Published

on

Yahoo Finance

Did the stock market’s epic rally just need a little breather? The last few weeks have seen stocks experience their first meaningful correction since the bull market kicked off in March. Now, the question swirling around the Street is, will the rally pick back up again, or is more downside on the way?

According to Morgan Stanley’s chief U.S. equity strategist Mike Wilson, uncertainty regarding the presidential election and stalemate on the next stimulus package could lead to declines in September and October. “On the correction, there’s still downside as markets digest the risk of congressional gridlock on the next fiscal deal. While we think something will ultimately get done, it will likely take another few weeks to get it over the goal line,” he noted.

However, Wilson argues the recent volatility in no way signals the end of the current bull market.

“We think this correction is just that, a correction in a new bull market. It’s normal for markets to pullback after such an incredible run like we’ve experienced since March. Furthermore, when a new bull market coincides with a new economic cycle, the bull market usually runs for years, not months,” the strategist explained.

Taking Wilson’s outlook to heart, our focus shifted to three stocks getting a thumbs up from Morgan Stanley. As the firm’s analysts see over 50% upside potential in store for each, we used TipRanks’ database to get the full scoop.

Akero Therapeutics (AKRO)

With its innovative medicines designed to restore metabolic balance and halt the progression of NASH, a severe form of nonalcoholic fatty liver disease, Akero Therapeutics wants to address the unmet medical needs of patients from all over the world. Based on the strength of its lead candidate, Morgan Stanley is pounding the table.

Representing the firm, 5-star analyst Matthew Harrison tells clients that AKRO’s treatment for NASH, efruxifermin (EFX), has a “best-in-class profile.”  EFX is the company’s lead asset and was designed to mimic the biological activity of fibroblast growth factor 21 (FGF21), which regulates multiple metabolic pathways and cellular processes, to reduce liver fat and inflammation, reverse fibrosis, increase insulin sensitivity and improve lipoproteins.

According to Harrison, NASH is a complex disease, with patients usually having multiple co-morbidities like obesity, type-2 diabetes, increased triglycerides, increased LDL cholesterol and low HDL cholesterol. “A promising therapeutic solution would not only treat the multiple components of NASH but would also have an acceptable side effect profile given the potential co-morbidities,” the analyst explained.

That’s where AKRO’s therapy comes in. “In June, Akero presented best-in-class data from its Phase 2a study. This data indicates that EFX improved the two liver histological endpoints recommended by the FDA along with resulting in weight loss, improving cardiovascular health (increasing good HDL cholesterol, decreasing triglycerides, not raising bad LDL cholesterol), and improving factors related to controlling blood glucose levels. This benefit/risk profile beats the competition,” Harrison stated.

Looking at the indication as a whole, Harrison views NASH as a very large opportunity given that roughly 20 million people in the U.S. suffer from the condition.

The analyst, however, acknowledges there are commercial hurdles. One of these is the fact that “NASH is currently undiagnosed in all but a very small percentage of the prevalent pool since diagnosis currently requires an invasive liver biopsy.” Therefore, along with demonstrating a positive benefit/risk profile, AKRO will need to find patients and secure payer support should the candidate receive FDA approval, in Harrison’s opinion.

That said, Harrison believes AKRO is up for the task. “We believe that given EFX’s clean safety profile and broad-based effects, Akero will likely largely overcome these commercial hurdles,” he commented.

Harrison added, “Importantly, since Akero’s treatment is injectable, we only assume the drug will penetrate into the population of the most sick patients where there are currently at least 400,000 patients diagnosed and seeking treatment in the U.S.” To this end, he assigns a 60% probability of success, and estimates unadjusted peak sales for the U.S. and the EU will land at $4.5 billion.

Based on all of the above, Harrison rates AKRO an Overweight (i.e. Buy) along with a $70 price target. Should his thesis play out, a potential twelve-month gain of 93% could be in the cards. (To watch Harrison’s track record, click here)

Are other analysts in agreement? They are. Only Buy ratings, 6, in fact, have been issued in the last three months. Therefore, the message is clear: AKRO is a Strong Buy. Given the $58.50 average price target, shares could rise 61% in the next year. (See AKRO stock analysis on TipRanks)

TransDigm Group (TDG)

Next up we have TransDigm Group, which is one of the top producers, designers and suppliers of highly engineered aerospace components, systems and subsystems. Its products are used on nearly all commercial and military aircrafts in service today. Given its ability to weather the COVID-19 storm, Morgan Stanley sees a bright future ahead.

Morgan Stanley analyst Kristine Liwag stated, “We view TransDigm as the most defensible business model in commercial aerospace.” However, this is not to say the company hasn’t been confronted with serious challenges.

Over the past few years, management has had to grapple with how to price its defense business, the sustainability of its pricing strategy in aerospace, the durability of its levered balance sheet and the ability to weather a downturn. That said, Liwag remains optimistic going forward. “TDG has overcome short thesis after short thesis in the past few years and we do not expect these concerns to repeat,” she noted.

According to Liwag, TDG’s “ability to hold on to margins during a global pandemic” conveys its operating strength. To this end, her estimate for EBITDA margins is well above the rest of the Street’s. The analyst also points out that the company cut its SG&A expense by $89 million year-over-year in fiscal Q3 2020. “We assume the company will retain at least half of those savings, with the remainder returning in the form of variable selling expenses,” she said.

Liwag added, “We are positive on TransDigm, particularly as recovery in global air traffic would be favorable for TransDigm’s core profit maker, the aftermarket. Additionally, we view it positively that TDG has the means to acquire weaker players.”

Back in April, management raised $1.5 billion of additional debt to trim liquidity risks and provide an extra cushion. “A large debt load is part of management’s strategy to provide private equity like return for its shareholders. Historically, the company has used debt to acquire businesses with similar attributes to TDG’s portfolio of 90% proprietary products and 75% sole sourced. If passenger air traffic continues to normalize, we would expect TDG to use its incremental capital to acquire struggling businesses that fit its strategy,” Liwag commented.

All of this prompted Liwag to leave her bullish call and $772 price target unchanged. This target conveys her confidence in TDG’s ability to climb 48% higher in the next year. (To watch Liwag’s track record, click here)

Looking at the consensus breakdown, 7 Buys and 5 Holds have been published in the last three months. Therefore, TDG gets a Moderate Buy consensus rating. Based on the $500.58 average price target, shares are poised to stay range-bound for now. (See TDG stock analysis on TipRanks)

Cemex SAB (CX)

Cemex counts itself as one of the leading players in the building materials industry, with the company manufacturing and distributing cement, ready-mix concrete and aggregates. As its risk/reward profile has just gotten more positive, now could be the time to snap up shares, so says Morgan Stanley.

Covering the stock for Morgan Stanley, analyst Nikolaj Lippmann believes that CX’s bullish guidance for the third quarter and FY20, which was significantly ahead of consensus, was “the catalyst that builds a bridge to a favorable risk-reward shift.” On top of this, the stock is trading at 6.4 2020e EV/EBITDA, which is cheap compared to its historical performance and its peers, according to the analyst.

That being said, Lippmann argues “CX is mainly a good, strong deleveraging story with a call option on what could be an exceptional U.S. cement market if the U.S. Congress approves an infrastructure package in 2021… If we get a U.S. infrastructure package beyond 2020, it would add icing to the cake, we think, and take the market from good to possibly great.”

Although a large multi-year package is dependent upon the outcomes of the U.S. presidential and congressional elections, even in the base case, Lippmann expects cement to show pricing power in the U.S.

It should be noted that Lippmann thinks it’s possible the next year will be relatively uneventful, but in that case, he expects the industry to pause at 90% capacity utilization and grow from there. On top of this, pricing in Mexico has been holding up. This “limits the downside risk materially and helps skew the risk-reward positively,” in Lippmann’s opinion.

What else is working in CX’s favor? The cement demand year-to-date has pleasantly surprised Lippmann, with upside seen during the first stage of the pandemic. He points to DIY and Department of Transportation maintenance work during periods of low traffic, and strong residential construction as the drivers of this demand.

Everything that CX has going for it convinced Lippmann to rate the stock an Overweight (i.e. Buy). Along with the call, he attached a $6 price target, suggesting 50% upside potential. (To watch Lippmann’s track record, click here)

Turning to the rest of the analyst community, opinions are split almost evenly. 6 Buys and 5 Holds add up to a Moderate Buy consensus rating. At $4.16, the average price target implies 4% upside potential. (See Cemex stock analysis on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

mm

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General Other

Experts say there are 2 times when you should wear a mask at home

mm

Published

on

Experts say there are 2 times when you should wear a mask at home

When the window in my bedroom broke, the ever-hovering threat of COVID-19 made me hesitant about letting someone in to our apartment to fix it. Even though the repairman was only in my home for 15 minutes and wore a mask the whole time, I found myself full of questions: When is it safe to take my mask off? How long should I keep the windows open? Would it help to spray Lysol in the air? What can I do to protect my family?

After spending so many months quarantined at home to distance from others, the presence of an outsider within my walls was unsettling and also confusing. Was it only strangers I should be concerned about? What about family and friends who don’t live with me? And what about those who are living under the same roof?

By now it’s second nature to slip your mask on when walking out the door, but when to wear a mask in the safety of your own home is a little less clear cut. So we tapped the experts. And it turns out that there are two circumstances where infectious disease experts recommend doing it.

Related: With COVID-19, fall looks a little different this year. Follow these expert tips to stay safe and healthy.

When anyone who doesn’t live with you comes over

“Whenever you have someone who is coming into your home that’s not a member of your immediate household, they should wear a mask, you should wear a mask, you and whoever else is in the house should wear the mask,” says Soniya Gandhi, MD, associate chief medical officer, Cedars-Sinai/Marina Del Rey Hospital. “You don’t know if that person is infectious — people can be asymptomatic and can still transmit the virus. Wearing masks and maintaining as much physical distance as possible when somebody is coming into your home are the cornerstones of trying to mitigate the risk of transmission.”

The right kind of mask helps as well, says Thomas A. Russo, chief of the division of infectious diseases at the University at Buffalo Jacobs School of Medicine and Biomedical Sciences. “Either a N95, surgical mask or well-fitting multilayered cloth mask — no bandanas, no scarves, no gators and definitely no masks with valves, because those valves are just one-way valves, so they protect the wearer but the stuff that they breathe out is not filtered, so if they were infectious they’d just be spewing stuff on you,” Russo explains.

Theoretically, if you’re both wearing well-fitting masks (snugly over the nose and mouth, extending over your chin, and fitting snugly on the face) the entire time and neither of you drop the mask, your risk of contracting COVID from a home visitor is relatively low, says Russo.

This recommendation extends to friends and family who don’t live with you, says Gandhi. “There’s an assumption that because people are family outside of your immediate household, that maybe you somehow have less risk. That’s unfortunately just not true,” she says.

The good news is, if masks are worn properly, Russo says you can probably take your mask off soon after they leave. “If you’re very vulnerable, want to be very conservative, are nervous about imperfect mask usage, and you’re living in a place that isn’t optimally ventilated, you could consider wearing your mask for 30 minutes after they leave,” he suggests.

Related: Your guide to having awkward conversations and minimizing coronavirus spread at family get-togethers.

When someone in your home is sick

If someone in your home comes down with COVID symptoms (including common cold symptoms like a stuffy nose, low grade fever, and a sore throat) it might be a good idea for them — and you — to mask up until they get tested when in shared spaces. “If anyone has any symptoms in the house, you should assume it’s COVID until proven otherwise,” says Gandhi. “The individual should isolate the best they can, use a separate bathroom if at all possible, and try to get COVID tested as soon as possible,” she says.

“Perhaps keep the mask on for up to 30 minutes (especially if you are vulnerable) after you leave the sick person’s space, since it’s possible that aerosols will escape the room when the door is open,” Russo advises.

Related: Experts answer key questions about how to clean and store coronavirus face masks.

In addition to wearing a mask, it also helps to:

Stay at least six feet apart

“Close proximity is the most important risk factor of COVID transmission,” Russo says. “Respiratory secretions come in two modes: respiratory droplets are larger particles, and since they’re larger they could contain a lot more infectious virus but they fall out within seconds. The other mode are what we call aerosols. They’re smaller and they could remain suspended in the air for longer periods of time, and could travel greater distances. There’s a lot of controversy in terms of the relative importance of aerosols because even within the 6-foot range, you’re going to get a mix of aerosols and droplets at a much higher concentration. Aerosols could remain suspended in the air — and the science is not great — for 30 minutes, though experimentally they’ve been shown to remain in the air up to three hours,” Russo explains.

Throw open a window

Russo says good ventilation — even if everybody’s wearing a mask — can also help decrease your risk when someone new comes into your space by circulating both respiratory droplets and aerosols. How long you should keep the windows open depends on the weather and your risk tolerance, says Russo.

Ultimately, both infectious disease specialists say it’s better to err on the side of caution with either scenario. “It only takes one person to infect you. If there’s only a 1 percent chance that someone is infected, that one out of 100 could still be the person that fixes your window,” says Russo. “We’re learning now that even people with asymptomatic or mild disease, there are potentially long-term consequences in other organs from this infection. We should all consider ourselves relatively vulnerable and make every effort to protect ourselves.”

mm

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Continue Reading

General Other

A rising Black GOP star faces fury from African Americans over Taylor case

mm

Published

on

A rising Black GOP star faces fury from African Americans over Taylor case

Cameron’s performance drew kudos from McConnell and Trump, who said after the Taylor news that the Kentucky attorney general was doing a “fantastic job.” While his handling of the high-profile case probably won’t hurt him with Republicans in future potential bids for public office — it might well help — Cameron has ensured a motivated, well-funded opposition.

“You know what they say? All skinfolk are not kinfolk,” said Phelix Crittenden, an organizer with Black Lives Matter Louisville. “This was absolutely a career-defining moment … [designed] to set him up for stuff in the future. He had a chance to do right by his people. And he chose to do right by himself.”

Some civil rights groups have begun holding strategy meetings to discuss ways to hold Cameron accountable for his actions in the case and plan to work against him if he runs for office again down the line.

“Unfortunately, he was recently elected,” said Arisha Hatch, vice president of Color of Change. She alluded to activists’ efforts to oust St. Louis County prosecutor Robert McCulloch in the wake of Michael Brown’s death in 2014. “There will be repercussions for his refusal to act, and we believe that he should resign or be replaced.”

Elected a year ago, Cameron is the first African-American attorney general of Kentucky and one of six Black attorneys general in the country, two of them Republicans. Indiana Attorney General Curtis Hill, the only other Black Republican who currently holds that post, told POLITICO that Cameron insisted his role in the case “has nothing to do with any personal feelings that he might have or any emotional reactions that might tug at his own heartstrings.”

“I recognize there have been problems in our country with race from Day One, and we’re still dealing with that. So it’s very near and dear to our thought process on a regular basis,” Hill said.

Cameron alluded to his personal feelings at his news conference announcing the grand jury decision, at one point choking up as he invoked his own family.

“I understand that as a Black man, how painful this is … which is why it was so incredibly important to make sure that we did everything we possibly could to uncover every fact,” Cameron said.

“My heart breaks for the loss of Miss Taylor,” Cameron added. “And I’ve said that repeatedly. My mother, if something was to happen to me,” he said, pausing as his voice faltered and he held back tears, “would find it very hard. … I’ve seen that pain on Miss [Tamika] Palmer’s face,” he said, referring to Taylor’s mother. “I’ve seen that pain in the community.”

Critics dismissed his remarks as performative, saying the mention of his race did nothing to alleviate the damage done in the case. Palmer said Friday she “never had faith in Daniel Cameron to begin with.”

“I knew he had already chosen to be on the wrong side of the law the moment he wanted the grand jury to make the decision,” Palmer said in a statement read by Taylor’s aunt, Bianca Austin. “He knew he had the power to do the right thing, that he had the power to start the healing of this city, that he had the power to help mend over 400 years of oppression. What he helped me realize is that it will always be ‘us against them.’”

Cameron’s lack of transparency on what led to the grand jury’s decision — he has not released transcripts of its deliberations — has compounded frustrations. His Wednesday remarks roughly outlined the circumstances leading to Taylor’s death: that only one of the six bullets fired at her killed her and that none could be traced back to Brett Hankison, the only police officer charged. He faces three counts of wanton endangerment because his bullets pierced the apartment of the family next door.

Cameron also cited testimony from a neighbor who relayed hearing police announce themselves before entering Taylor’s home. An analysis by the New York Times, however, found that of 12 neighbors, 11 did not hear the police announce themselves.

Pointing to that reporting, critics say the attorney general’s suggestion that Taylor’s death was an unavoidable tragedy is misleading. It has amplified calls for the attorney general to provide more information on the details of the case, something Cameron has said he cannot do to ensure the integrity of the investigation.

“The facts as we know them generally [don’t] really support the charges that were brought,” said Cedric Powell, a professor at the University of Louisville School of Law. “Daniel Cameron in his press conference was really selective about the evidence that he presented and the public doesn’t have confidence in this charge. The charge is just really like a compromise. A really bad compromise.”

Ben Crump, a lawyer representing the Taylor family, called on Cameron to release the grand jury transcripts, saying he believes that not all evidence was presented to the jurors before they made their decision.

“Did [Cameron] allow the one neighbor who they keep proclaiming heard the police knock and announce [themselves] testify before the grand jury? Even though I understand on two previous occasions he declared that he did not hear the police,” Crump said at a news conference. “Is this the only person out of her apartment complex that [Cameron] allowed to testify before the grand jury? That doesn’t seem fair. That doesn’t seem like you’re fighting for Breonna. That doesn’t seem like you’re putting forth evidence for justice for Breonna.”

Cameron’s allies describe him as a hard worker whose team followed the facts of the Taylor case without bias or caving to public pressure.

“To be crystal clear, Attorney General Cameron is not anybody’s enemy. He’s working hard on behalf of all Kentuckians of all backgrounds to uphold the law,” said Mike Lonergan, a spokesperson for the Kentucky Republican Party. “Kentucky has a lot of strong Republican leaders, and certainly Daniel Cameron is one of them.”

Those words of support amplify how polarizing a figure Cameron — who, according to one poll during his attorney general campaign, had the support of roughly a third of African-American voters — has become the past week. Leaders of the racial justice movement in Louisville say that until now Cameron wasn’t especially disliked, but was viewed as part of a flawed criminal justice system.

But now it’s personal.

Shauntrice Martin, an organizer with Black Lives Matter Louisville who attended the University of Louisville with Cameron, said it was “disappointing” to see her former classmate on the opposite side of this case.

“I was hopeful that because we finally had someone who was Black in a position … that possibly, things will be different, at least a little,” she said. “Instead of being better [for] Black people, he’s actually been worse.”

mm

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Continue Reading

General Other

Kremlin’s World War III Propaganda Meltdown Shows Putin Is Cornered

mm

Published

on

Mikhail Klimentyev/Getty
Mikhail Klimentyev/Getty

MOSCOW—Russia these days may look frightening to Americans, who hear often of election meddling and poisoning among other ill deeds. But consider for a moment the view from the other side of the divide, or at least the view presented to Russians by their television sets.

The looming potential for World War III has become a regular topic on Russian state propaganda shows. Night after night, Vladimir Soloviev, who is often described as the Kremlin’s top propagandist, and his guests condemn the West’s “economically suffocating” strategy of imposing sanctions and suggest war is the logical outcome.

The conclusion reached by Soloviev and his guests is that the country’s politicians and titans of business should break all ties with the West, including communicating with their relatives. A long history of grievances spills out; Soloviev says the conflict between Russia and the West started in the 13th century: “They believe we are barbarians and they are civilized, so they have a right to point out to us how we should live and behave.”

Trump Followed Russian Media’s Lead on SCOTUS Prediction

The show, which is broadcast nightly on state channel 1, heats up quickly. This week, Sergei Kurginyan, a pro-Kremlin political expert close to the secret services, accused the West of tearing Russia apart by creating a fifth column in the Far East, where thousands of Russians have been marching in anti-Putin rallies for two months. Putin’s nemesis Alexei Navalny was out East bolstering the opposition rallies when he was poisoned with a deadly nerve agent.

Kurginyan has been consistently criticizing the Russian elite for pursuing naïve dreams about becoming part of European society: “Our elites have grown together with Europe through family connections, children, grandchildren. But in the current situation they will have to tear these connections apart. That will be terribly painful but you will have to do that,” he said.

A popular newspaper Komsomolskaya Pravda announced in plain language on Friday that: “The world is under a threat of the Third World War over the Russian COVID-19 vaccine.”

The paper claimed the European Union and the U.S. were furious about Russia selling millions of doses of its vaccines to Brazil and Africa.

The Russian nationalist publication Tsargrad claimed an invented military victory on Friday. “NATO Exercises Failed: Russian Ships Scared Americans and Ukrainians Away.”

What caused this latest storm of anti-Western state propaganda?

This week, the U.S. imposed new commercial restrictions on Yevgeniy Prigozhin, known as “Putin chef,” and his companies some of which are linked to the Wagner mercenary army and U.S. election interference. U.S. Secretary of State Mike Pompeo also suggested this week that the order to poison Navalny came from senior Russian officials, the pressure grows on Putin to explain Navalny’s poisoning on face yet more sanctions. Both the European Union and Britain are also preparing sanctions against Putin’s partner in Belarus, Alexander Lukashenko, after a violent crackdown on the opposition and a fraudulent election.

The age-old theme of a “conflict of civilizations” between East and West has been resurfacing on state media outlets. It is this undercurrent that is the at core of the West’s issues with Russia, the propaganda outlets insist.

If the West continues to punish Vladimir Putin’s allies with economic sanctions and block Russian movement around the world, they say, Moscow will come up with a new strategy that does not involve the West. “We have not sent forces to Ukraine, to Kyiv only for the sake of our relations with Europe; by the new strategy we would deploy the forces and surely our allies in Turkey and China would respect us for such a strong decision,” prominent Kremlin-aligned political analyst Sergey Markov tells The Daily Beast.

Russian Media Is Rooting for Civil War in America: ‘The Worse, the Better’

The propaganda outlets portray Putin and his allies withdrawing from the worl, as if in a besieged castle, to isolate and defend themselves.

Russia’s ability to respond in kind with sanctions is limited. A few weeks ago, the Chechen leader Ramzan Kadyrov imposed sanctions against Pompeo after the U.S. state department sanctioned members of his family. But this was widely seen as little more than a joke since Pompeo has no property or bank accounts in Chechnya. Still, the story made the Russian-speaking news. Olga Skobeyeva, a host of one of the more popular political talk shows 60 Minutes, praised Kadyrov’s “cool” sanctions.

Germany and France are demanding from the Kremlin an investigation of last month’s poisoning of Navalny with a Soviet-era chemical weapon, Novichok. But two decades of Russia’s modern history show how strongly Putin resists any demand imposed by the West. Instead, they are ramping up the propaganda. “They say, ‘Oh, you once again want to tear us apart, here is our answer to you—and Putin comes out with a speech about the most powerful hypersonic weapon,” a commentator on independent Rain TV, Pavel Lobkov, told The Daily Beast.

Last weekend, on Russia’s Day of the Gunsmith—an obscure holiday which is usually ignored—Putin went on television to discuss Russia’s latest nuclear weapons. They can reach anywhere in the world, he said. The Avangard hypersonic glide vehicles can wipe out a territory the size of Texas or France, viewers were told. Putin blamed the U.S. for the withdrawal from the Anti-Ballistic-Missile treaty back in 2002. “We had to create these weapons in response to the U.S. deploying a strategic missile defense system, which in the future would be able to actually neutralize, nullify our entire nuclear potential,” Putin said.

On Friday, Putin asked the White House for a truce on the “information war,” which is laughable since Western intelligence agencies say the Kremlin has already been targeting the 2020 presidential election. Nonetheless, Markov explains that Moscow is expecting incoming rhetorical fire during the height of the American election season: “Russian intelligence has informed Vladimir Putin earlier this year of rough attacks on him personally coming up,” he said. “That might happen during the U.S. elections, the conflict might enter a hot phase, so it is time to buy canned food.”

Read more at The Daily Beast.

Get our top stories in your inbox every day. Sign up now!

Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

mm

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Continue Reading

Trending