Bullish Beta Stocks Showing Potential Of High Returns: $MPLX $EXAS $LEN

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MPLX Announces Pricing Of $3 Billion Senior Unsecured Notes Offering

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MPLX LP. (NYSE:MPLX) has a beta of 1.96 which means though the stock is risky yet offers huge potential returns. The company has priced a $3 billion senior unsecured notes offering in an underwritten public offering comprising of $1.5 billion in principal amount of the 1.75% senior notes due 2026 and $1.5 billion in an aggregate amount of the 2.65% senior unsecured notes due 2030. The company will use net proceeds from the offering in repaying current indebtedness that include the $1 billion term loan maturing in 2021.

The company, WhiteWater Midstream, and West Texas gas recently formed a joint venture. The JV will provide natural gas liquids takeaway from MPLX and WTG gas processing plants to the Sweeny, Texas natural gas liquids fractional hub from the Permian Basin.

EXACT Sciences Receives Approval For COVID-19 Home Test Kits

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EXACT Sciences Corporation (NASDAQ:EXAS) his also another stock that looks risky with a beta of 1.71 but likely to offer huge potential returns. The company has been granted regulatory approval for the processing of COVID-19 tests from samples taken at home. THE FDA approved the testing of home specimens collected using home collection kits that include one from the company. However, a physician has to order the test and then the collection kit can be sent to the patient.

The company has announced that it expects to hire top talents at their medical diagnostic hub despite the impact of the pandemic. Exact Sciences is looking to fill more than 500 open job positions with 2/3 of the jobs being at Madison, Wisconsin.

Lennar Announces Debut Of Vibe At Chua Vista's Masterplan Community

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Another stock that is looking bullish is Lennar Corporation (NYSE:LEN) whose beta of 1.65 means the stock might be risky but still, it offers huge potential returns. The company has announced the opening of Vibe which is a modern, urban-inspired townhome community in Chula Vista's Millenia. The townhome community is located in a highly appealing part of Chula Vista's masterplan community next to Millenia's Paseo. Three model homes debuted on August 22 and interested homebuyers can visit the community website to have an appointment for a scheduled tour.

Also, the company has acquired 130 acres of land on former Black Mountain Gold and Country club for the construction of 900 homes.

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