America’s Test Kitchen Names Toni Tipton-Martin Editor in Chief of Cook’s Country

TipRanks

Oppenheimer: 3 Stocks That Could Surge Over 100% From Current Levels

So far, September has been a wild ride of ups and downs. Following the recent bout of volatility, stocks have ticked higher again. But as uncertainty regarding another rescue program and the presidential election continues to linger, where does the market go from here? Weighing in for Oppenheimer, Chief Investment Strategist John Stoltzfus argues that any market dips appear “relatively contained and orderly,” and present longer-term investors the chance to find “babies that got thrown out with the bathwater.” He noted, “For nervous investors the recent downdraft has presented opportunity to take some profits without FOMO (fear of missing out).”As for the tech heavyweights that powered the market’s five-month charge forward, the strategist believes “current expectations that technology stocks will remain under pressure for some time seem exaggerated.” Stoltzfus adds that the “core of technology stocks did not appear terribly rich in price considering that developments in technology and innovation have yet to show signs of plateauing in the current cycle.”Taking Stoltzfus’ outlook into consideration, our focus turned to stocks that Oppenheimer analysts are bullish on. The firm’s pros see triple-digit upside potential in store for three tickers in particular. Running the names through TipRanks’ database, we wanted to find out what makes each so compelling.MediWound Ltd. (MDWD)Developing cutting-edge products, MediWound wants to address unmet needs in the fields of severe burn and chronic wound management. With an important government contract secured, Oppenheimer has high hopes for this name.Back in January, MDWD announced that the U.S. Biomedical Advanced Research and Development Authority (BARDA) had entered into a contract to procure $16.5 million of NexoBrid, its drug designed to remove eschar in adults with deep partial and full-thickness thermal burns (a process called debridement), for an emergency stockpile. According to management, the first delivery is set for Q3 2020.On top of this, the company filed the NexoBrid Biologics License Application (BLA) with the FDA for eschar removal in adults with deep partial-thickness and full-thickness thermal burns in June. MDWD’s U.S. commercial partner, Vericel, is preparing for an immediate launch upon approval.Representing Oppenheimer, 5-star analyst Kevin DeGeeter points out that “Given the filing involved participation from three parties—MDWD, U.S. commercial partner Vericel and funding partners at BARDA—and was completed against the backdrop of public sector work-from-home mandates, we view meeting stated timelines as a material milestone and derisking event for MDWD shares… we believe NexoBrid is on track for 1H21 launch.”Should the therapy ultimately be approved, MDWD is entitled to a $7.5 million milestone payment from Vericel. “We believe the combination of existing cash and the $7.5 million milestone payment from VCEL upon NexoBrid approval should fund operations at least into 2H23,” DeGeeter added.DeGeeter also points out that MDWD plans to open 25-30 sites in U.S. and Israel to support the Phase 2 study of EscharEx, its product for chronic wounds. Although COVID-19 resulted in a delay, the analyst thinks “the current timeline of 1H21 is achievable.”To this end, DeGeeter

Read more

Asad Syrkett Is the New Editor in Chief of Elle Decor

Hearst Magazines has named Asad Syrkett the new editor-in-chief of Elle Decor, succeeding Whitney Robinson, who stepped down earlier this year.

Syrkett, who begins his new role on September 14, most recently ran all New York operations for Hem, an international furniture brand and design studio based in Stockholm. Previously he was deputy editor at real estate website Curbed and has also held editorial positions at Architectural Digest and Architectural Record magazines.

More from WWD

In a statement, he described leading Elle Decor into a new era as “incredibly thrilling.” “In any genre, the most impactful journalism offers context, challenges its audience and explores its subjects in nuanced ways that enrich the reader’s perspective,” he said. “I’m excited to bring that to a best-in-class interiors magazine, on every platform.”

Syrkett will report to Stellene Volandes, who was promoted to editorial director of Elle Decor in April, expanding her role as editor in chief of Town & Country. She, too, emphasized the importance of all of Elle Decor’s platforms as the competitor to Architectural Digest enters its next chapter.

“He brings a singular combination of respect and reverence for all that Elle Decor is, with an exciting vision of all that it will and can be,” Volandes said of the new editor in chief. “Every element from the photography, to the feature writing, digital programs, social media and client events will work together to celebrate great design and its impact on every aspect of our world.”

As for the data on those platforms, in its media offering to advertiser, Hearst claims that Elle Decor has 2.2 million unique visitors to its site and a total print circulation of 555,014.

The title recently reduced its print frequency with a summer issue, meaning that it will publish nine issues this year, down from 10 in 2019. This is a trend that has happening across the company for the past few years, only to be exacerbated by the coronavirus pandemic triggering a plunge in advertising. In addition to Elle Decor, Marie Claire shrank from 11 to seven issues and O, The Oprah Magazine will publish just four special issues a year from next year versus 12 for the past two decades.

And while print frequency has been shrinking, Hearst has been looking to monetize digital more though membership programs and metered paywalls, with advertising remaining volatile. Elle Decor is among that magazines that are yet to receive a paywall.

For more, see:

Whitney Robinson Steps Down as Elle Decor EIC, Stellene Volandes Named Editorial Director

At Hearst Magazines, Print Continues to Shrink

O, The Oprah Magazine’s Print Run Shrinking From 12 Issues to Four

Source Article

Read more

Asad Syrkett Named Editor in Chief of Elle Decor

Elle Decor has a new top dog. On Wednesday, Hearst announced that Asad Syrkett is the new editor in chief of the three-decade-old shelter title, succeeding Whitney Robinson, who departed the brand in April after nearly three years at the helm. Syrkett, who begins his role on September 14, will report into Stellene Volandes, editorial director of the brand, in addition to her position as editor in chief of Town & Country.

Syrkett most recently led the New York operations and East Coast business development for Hem, a Swedish furniture brand, and previously held editorial positions at a number of architecture and design publications. As deputy editor at Curbed, he directed much of the site’s reporting on design and cities, and oversaw franchises such as the House Calls home tours series and the site’s Travel vertical. He also cohosted the publication’s podcast, The Curbed Appeal, for two seasons. Prior to joining Curbed, he was an editor at Architectural Digest and Architectural Record.

“I’ve spent my career seeking out and obsessing over the best design at any scale,” Syrkett said in a video posted on Instagram. “Furniture, objects, homes, buildings, cities… I truly believe in the power of design to bring us joy, to challenge the way that we see the world and ourselves, and to think more critically about the way we live. In this year of pandemic and protests against racial injustice, the incredible importance of a safe and beautiful sanctuary has been made so viscerally clear to so many of us, especially as it remains inaccessible to so many others. I’m looking forward to continuing that conversation in the pages of the magazine and online. I’m also incredibly excited to work alongside Stellene Volandes and the team, and to bring you stories that I hope will challenge, surprise, and inspire you.”

“[Syrkett] brings a singular combination of respect and reverence for all that Elle Decor is, with an exciting vision of all that it will and can be,” Volandes said in a statement. “Every element from the photography, to the feature writing, digital programs, social media, and client events will work together to celebrate great design and its impact on every aspect of our world.”

Elle Decor currently produces nine issues a year, with a circulation of 525,502, according to its 2020 media kit. It receives an estimated 2.2 million unique monthly visitors to its website, ElleDecor.com.

Source Article

Read more