STOCKS TELEGRAPH

Author: Shan Zee

  • Early Morning Vibes: 4 Trending Stocks To Watch Right Now

    Early Morning Vibes: 4 Trending Stocks To Watch Right Now

    On February 12, American stock markets closed in the green. The S&P 500 Index climbed 0.47% to 3935 points, the NASDAQ rose 0.50%, and the Dow Jones added a symbolic 0.09%. Prospects for the adoption of another fiscal stimulus program in the States continued to support quotations. The healthcare sector outperformed the market, climbing 0.75% on a positive Illumina report. The finance sector grew 0.95% on the back of rising Treasury yields.

    Company news

    Illumina (ILMN: + 11.9%) quarterly results exceeded expectations on strong demand for DNA instruments.

    PayPal (PYPL: + 4.7%) expects to double the number of users of the payment system by 2025 from its current 377 million, tripling the volume of transactions.

    HubSpot (HUBS: + 16.4%), a cloud-based marketing and sales solutions provider, delivered strong reporting on the digitalization trend in small and medium-sized businesses.

    Today, global stock markets are showing mixed dynamics. The news background remains quite calm. Market participants’ optimism is boosted by the improved epidemiological situation in Europe and the USA, accelerated vaccination, and the prospects for fiscal stimulus. The seven-day average number of coronavirus cases in the United States for the first time since November fell below 100 thousand, and the number of hospitalized people fell from 80 thousand to 65 thousand in just a week. The situation is improving in all 50 states. Pessimists expect new outbreaks of disease due to the spread of virus mutations, however, if the current positive trends continue, the anticoid restrictions will begin to be lifted everywhere pretty soon.

    Joe Biden plans to make his first trip outside Washington as president today. He will deliver a speech in Wisconsin on the fiscal stimulus package. The president is also expected to speak out on the pandemic and its impact on the US economy. The purpose of the speech is ultimately to speed up the negotiating process in Congress. No new information is expected, but the broadcast of the president’s speech may have a positive effect on the sentiment of private investors, whose share in trade turnover continues to increase.

    The Freedom Finance Sentiment Index climbed to 71 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Worries about the negative impact of the coronavirus pandemic continue to ease thanks to the prospect of mass vaccinations.

    Technically, the S&P 500 remains in an uptrend. Resistance at its upper boundary is still a significant obstacle. A breakthrough of this resistance at 3950 points will mean an acceleration of growth. However, the RSI indicator is already close to the overbought level, so the positive potential in the short-term is limited.

    Today Top Movers

    Strongbridge Biopharma plc (SBBP) share price jumped 53.01% to $5.08 during the early morning ‎trading session on ‎Tuesday.‎ 

    ‎Socket Mobile Inc (SCKT), a Computer Hardware company, soared about 72.44% ‎at $5.59 in pre-market ‎trading Tuesday after the company launched the first enterprise-grade scanners for Apple iPhone 12 series. 

    ‎Denison Mines Corp (DNN) stock ascended 17.11% at $1.30 in the pre-market trading today.‎‎ 

    ‎Sundial Growers Inc (SNDL) gained over 9.13% at $2.27 in pre-market ‎trading on Tuesday.‎‎

    Top Upgrades & Downgrades

    Wells Fargo turned bullish on Extraction Oil & Gas Inc. (XOG), upgrading the stock to “Overweight” and assigning a $38.0 price target, representing a potential upside of 19.5% from Friday’s close. 

    Anaplan Inc. (PLAN) has won the favor of Morgan Stanley’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $100.0, suggesting a 21.49% additional upside for the stock. 

    Albemarle Corporation (ALB) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $190.0. They changed their rating on ALB to Buy from Hold in a recently issued research note. 

    Earlier Sunday Baird reduced its rating on American Express Company (AXP) stock to Neutral from Outperform and assigned the price target to $126. 

    Baird analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Republic Services Inc. (RSG) has been changed to Neutral from Outperform and the new price target is set at $96. 

    Analysts at Baird downgraded Waste Management Inc. (WM)’s stock to Neutral from Outperform Tuesday.

    Latest Insider Activity

    Iterum Therapeutics plc (ITRM) 10% Owner DENNER ALEXANDER J announced the sale of shares taking place on Feb 12 at $2.27 for some 10,619,949 shares. The total came to more than $24.11 million. 

    Uber Technologies Inc. (UBER) Hazelbaker Jill sold on Feb 12 a total of 126,953 shares at $60.12 on average. The insider’s sale generated proceeds of almost $1.25 million. 

    InspireMD Inc. (NSPR) Director Kester Thomas J declared the purchase of shares taking place on Feb 08 at $0.62 for some 120,960 shares. The transaction amount was around $74995. 

    Dun & Bradstreet Holdings Inc. (DNB) Chief Financial Officer Hipsher Bryan T. bought on Feb 11 a total 9,000 shares at $23.30 on average. The purchase cost the insider an estimated $116,500.

    Important Earnings

    Top US earnings releases scheduled for today include Sabre Corporation (NASDAQ: SABR). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.66 per share from revenues of $328.57M in the three-month period. 

    Analysts expect Genworth Financial Inc. (NYSE: GNW) to report a net income (adjusted) of $0.22 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $2.06B. 

    Occidental Petroleum Corporation (OXY), due to announce earnings after the market closes today, is expected to report earnings of -$0.58 per share from revenues of $4.37B recently concluded three-month period.

  • Early Morning Vibes: 3 Hot Stocks to Watch Before Long Weekend

    Early Morning Vibes: 3 Hot Stocks to Watch Before Long Weekend

    On February 11, American stock exchanges finished trading mostly in the green zone. The S&P 500 index rose 0.17% to 3916 points, the NASDAQ added 0.38%, the Dow Jones fell by a purely symbolic 0.02%. There were no new drivers for the movement, so investors were guided by the already familiar factors. The tech sector recovered 1.1% after falling the day before. In contrast, the energy sector fell 1.53% as part of the correction after the rally.

    Company news

    Game developer Zynga (ZNGA: + 7.4%) exceeded expectations due to strong demand for gaming entertainment and increased ad revenue.

    Home audio system maker Sonos (SONO: + 15.7%) posted strong quarterly results and strong forecasts.

    Strong reporting from Zebra Technologies (ZBRA: + 10%) reflected a rebound in SME demand for the company’s solutions.

    Today, world stock exchanges are showing mostly positive dynamics. The news background remains quite calm. Strong factors supporting optimism remain the prospects for fiscal stimulus adoption in late February or March, positive quarterly reporting, and strong corporate forecasts for 2021. At the same time, investors are worried about the overbought of some market segments, as well as the threat of the spread of new strains of coronavirus.

    The Biden administration has ordered an additional 100 million doses of Pfizer / BioNTech anticoid vaccine and another 100 million doses from Moderna. The vaccination campaign continues to accelerate. About 1.6 million vaccinations are made every day, although at the beginning of February the figure was at 1.3 million. At the current rate, it will take nine months to ensure immunity to 75% of the US population, but the vaccination procedure is accelerating. A poll of economists by the WSJ indicated an improvement in US GDP forecasts. Now, on average, the economy is expected to grow by 4.9% this year, which is 0.6% higher than the January estimates. Economists say the main reason for the positive revision of the forecast is the increase in the rate of vaccination.

    Note that on Monday, the US stock exchanges will not work, so investors today may be inclined to partially close positions. Against this background, the continuation of lateral dynamics or a slight correction is most likely.

    Technically, the S&P 500 is still in an uptrend. The broad market index is consolidating in a tight range after rising 4% last week. Resistance at the upper border of the uptrend is still a significant obstacle. The RSI indicator is forming a bearish divergence, which may lead to a short-term correction.

    Today Top Movers

    China Liberal Education Holdings (CLEU) share price jumped 79.26% to $7.26 during the early morning ‎trading session on ‎Friday after a 13G filing showed 4 Investors has stakes in the company totaling 57.17%.
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    2U Inc (TWOU) stock ascended 4.58% at $51.42 in the pre-market trading today after the company released financial and operating results for the full-year and fourth quarter ended December 31, 2020. ‎

    Denison Mines Corp (DNN) gained over 41.34% at $1.47 in pre-market ‎trading on Friday.‎ The company recently reported 2020 phoenix expansion drilling returns best results to date at Zone C.

    Top Upgrades & Downgrades

    Jefferies turned bullish on Prothena Corporation plc (PRTA), upgrading the stock to “Buy” and assigning a $30.0 price target, representing potential upside of 91.08% from Thursday’s close. 

    HubSpot Inc. (HUBS) has won the favor of Raymond James’s equity research team. The firm upgraded the shares from Outperform to Strong Buy and moved their price target to $725.0, suggesting 66.1% additional upside for the stock. 

    TransUnion (TRU) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $115. They changed their rating on TRU to Buy from Hold in a recently issued research note.

    Earlier Friday DA Davidson reduced its rating on NIC Inc. (EGOV) stock to Neutral from Buy and assigned the price target to $34.0. 

    BofA analysts reduced their investment ratings, saying in research reports covered by the media that its rating for TreeHouse Foods Inc. (THS) has been changed to neutral from Buy and the new price target is set at $52.

    Analysts at BofA ‎downgraded PTC Therapeutics Inc. (PTCT)’s stock to Neutral from Buy Friday.

    Latest Insider Activity

    Allegro MicroSystems Inc. (ALGM) Brown Christopher announced the sale of shares taking place on Feb 09 at $29.16 for some 12,500 shares. The total came to more than $0.36 million.

    Edwards Lifesciences Corporation (EW) CVP, Japan & Intercontinental WANG HUIMIN sold on Feb 11 a total 93,213 shares at $86.81 on average. The insider’s sale generated proceeds of almost $1.02 million.

    DXC Technology Company (DXC) Director FERNANDEZ RAUL J declared the purchase of shares taking place on Feb 10 at $25.76 for some 1,943 shares. The transaction amount was around $50060.0.

    Infrastructure and Energy Alternatives Inc. (IEA) Director Ares Management Corp bought on Feb 09 a total of 71,226 shares at $1000.00 on average. The purchase cost the insider an estimated $56.61 million.

    Important Earnings

    Top US earnings releases scheduled for today include ImmunoGen, Inc. (NASDAQ: IMGN). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.08 per share from revenues of $40.83M in the three-month period. 

    Analysts expect Newell Brands Inc. (NASDAQ: NWL) to report a net income (adjusted) of $0.48 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $2.63B. 

    Dominion Energy Inc. (D), due to announce earnings before the market opens today, is expected to report earnings of $0.8 per share from revenues of $4.24B recently concluded three-month period.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    The session on February 8, American stock markets ended in the green zone. The S&P 500 index rose 0.74% to 3916 points, the Dow Jones rose 0.76% and the NASDAQ surged 0.57%. All three indices renewed their all-time highs. The growing prospects for a major economic support package in the US remain in focus. The energy sector climbed 4.17% on the back of an ongoing rally in oil. Increased risk appetite triggered a 0.78% correction in the defensive utility sector.

    Company news

    Children’s goods maker Hasbro (HAS: -4.3%) beat expectations, but management noted weak holiday sales.

    Palantir (PLTR: + 5.9%) announced a partnership with IBM (IBM: + 1.5%) to develop technology products.

    Tesla (TSLA: + 1.3%) invested $ 1.5 billion in bitcoin and announced that it will accept cryptocurrency as payment for electric cars.

    Today, global stock markets are showing mixed dynamics. Discussions on the fiscal stimulus package remain in the spotlight. The passage of a bill on public spending in the amount of about $ 1.9 trillion threatens to accelerate inflation. Some experts warn about this, in particular, former Treasury Secretary Larry Summers. Investors in the debt market are reacting to this risk, so the day before, the rate on 30-year Treasuries rose above 2% for the first time in a year. Rising bond rates could put pressure on the attractiveness of the stock market, primarily on growth stocks, of which tech companies are prime examples.

    The epidemiological situation in the United States continues to improve rapidly, despite the circulation of new strains of coronavirus. The number of hospitalized people dropped to 80 thousand, more than 10% of Americans have already received the first dose of the vaccine. However, the risk of another jump in the incidence remains, so the CDC is not yet recommending state authorities to remove the antiquated restrictions.

    Technical picture

    Technically, the S&P 500 is still in a medium-term uptrend. The session ended the day before at the upper trend line, which is still a significant obstacle. The S & P500 index recorded growth for the sixth session in a row, so short-term consolidation is likely.

    Today Top Movers

    Iterum Therapeutics PLC (ITRM) stock ascended 61.69% at $2.04 in the pre-market trading today.‎‎ Ra Capital Management reportedly disclosed ownership of 13,730,376 shares of Iterum Therapeutics plc by filing a 13G form with the Securities and Exchange Commission. 

    ‎Assertio Therapeutics Inc (ASRT) gained over 25.24% at $1.29 in pre-market ‎trading on Tuesday.‎‎ Assertio is a leading commercial pharmaceutical company bringing differentiated products to patients. The Company has a robust portfolio of branded prescription products in three areas: neurology, hospital and pain and inflammation. 

    ‎Aurora Mobile Ltd (JG) grew over 13.91% at $6.55 in pre-market trading ‎today following the receipt of the InfoQ 2020 Best Technology Community Award at the Developer Ecosystem Co-creation Program virtual conference, hosted by InfoQ.‎

    ‎Marathon Patent Group Inc (MARA) stock moved up 16.93 percent to $37.50 in the pre-market ‎trading.‎‎ MARA stock is rallying because of the spike in Bitcoin. Marathon Patent Group bills itself as one of the largest Bitcoin self-mining companies.

    Top Upgrades & Downgrades

    JP Morgan turned bullish on KKR Real Estate Finance Trust Inc. (KREF), upgrading the stock to “Overweight”.

    Twilio Inc. (TWLO) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $465.0, suggesting a 1.39% additional upside for the stock. 

    The Community Financial Corporation (TCFC) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $34.0. They changed their rating on TCFC to Overweight from Neutral in a recently issued research note. 

    Earlier Tuesday JP Morgan reduced its rating on Ladder Capital Corp (LADR) stock to Underweight from Neutral and assigned the price target to $10. 

    Needham analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Cubic Corporation (CUB) has been changed to Hold from Buy.

    Latest Insider Activity

    Advanced Micro Devices Inc. (AMD) EVP, Computing & Graphics Bergman Rick announced the sale of shares taking place on Feb 04 at $88.29 for some 2,000 shares. The total came to more than $0.18 million. 

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark sold on Feb 05 a total of 44,750 shares at $267.92 on average. The insider’s sale generated proceeds of almost $11.99 million. 

    Accuray Incorporated (ARAY) Director WHITTERS JOSEPH E declared the purchase of shares taking place on Feb 01 at $5.02 for some 20,000 shares. The transaction amount was around $0.1 million. 

    Consolidated Edison Inc. (ED) President & CEO CET Nachmias Stuart bought on Jan 31 a total 1,078 shares at $70.78 on average. The purchase cost the insider an estimated $667.

    Important Earnings

    Top US earnings releases scheduled for today include Cisco Systems Inc. (NASDAQ: CSCO). It will announce its Jan 2021 financial results. The company is expected to report earnings of $0.76 per share from revenues of $11.92B in the three-month period. 

    Analysts expect Isoray Inc. (AMEX: ISR) to report a net income (adjusted) of -$0.01 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $2.39M. 

    Twitter Inc. (TWTR), due to announce earnings after the market closes today, is expected to report earnings of $0.31 per share from revenues of $1.19B recently concluded three-month period.

  • Early Morning Vibes: Check Out These 4 hot Stocks Right Now

    Early Morning Vibes: Check Out These 4 hot Stocks Right Now

    Stock markets recovered strongly from the price dip at the end of January last week. In New York, the indices even managed to set new all-time highs on the boards. On Friday, the S&P 500 closed 0.39% higher at 3,886 points and the Nasdaq celebrated the weekend with a gain of 0.57% on 13,856 points.

    The unemployment figures on Friday showed that the labor market is slowly but surely going to recover somewhat. In January, 49,000 jobs were added in the private sector and the unemployment rate fell to 6.3%. Wall Street had previously expected more jobs, but economists assumed an unchanged unemployment rate at 6.7%. Still, the numbers were not very positive. Unemployment fell mainly because 406,000 people gave up their job search. The participation rate thus fell to 61.4%. This is a bad sign and indicates that the US job market is in bad shape.

    To support the US economy, Joe Biden is currently preparing a $ 1,900 billion corona support package. The package includes $ 1,400 in incentive vouchers, supplemental unemployment benefits, and Covid-19 vaccination and testing funds. Treasury Secretary Janet Yellen said on Sunday that if Biden’s stimulus plan is passed, the US could return to full employment by 2022.

    The S&P 500 nevertheless managed to close in the green for five days in a row and appears to continue this series today. Futures are up approximately 0.4% and there is little on the agenda to change that. Figures from Twitter, Uber, Walt Disney, and Coca-Cola will follow later this week. Furthermore, inflation figures from the US, China, and Germany are on the agenda.

    Today Top Movers

    Aurora Mobile Ltd (JG) grew over 25.50% at $6.25 in pre-market trading ‎today after declaring a partnership agreement with iQIYI (IQ)‎, to develop a smart advertising and marketing ecosystem. ‎

    Ocugen, Inc (OCGN) stock moved up 68.76 percent to $8.86 in the pre-market ‎trading.‎ The company recently declared a $23 million registered direct offering of common stock priced at a premium to market. ‎

    Westport Fuel Systems Inc (WPRT) gained over 49.13% at $12.90 in pre-market ‎trading on Monday.‎ ‎

    Sundial Growers Inc (SNDL) is up more than 0.88% at $1.14 in pre-market ‎hours ‎Monday ‎February 08, 2021.‎

    Top Upgrades & Downgrades

    RBC Capital turned bullish on The Hershey Company (HSY), upgrading the stock to “Outperform” and assigning a $170.0 price target, representing a potential upside of 15.95% from Friday’s close. 

    The Estee Lauder Companies Inc. (EL) has won the favor of Jefferies’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $310.0, suggesting a 13.59% additional upside for the stock. 

    CorEnergy Infrastructure Trust Inc. (CORR) received an upgrade from analysts at DA Davidson, who also set their one-year price target on the stock to $9.5. They changed their rating on CORR to Neutral from Underperform in a recently issued research note. 

    Earlier Monday Raymond James reduced its rating on Iridium Communications Inc. (IRDM) stock to Market Perform from Outperform. 

    UBS analysts reduced their investment ratings, saying in research reports covered by the media that its rating for ViacomCBS Inc. (VIAC) has been changed to Sell from Neutral. 

    Analysts at BofA downgraded Las Vegas Sands Corp. (LVS)’s stock to Neutral from Buy Monday.

    Latest Insider Activity

    Zomedica Corp. (ZOM) Director MACLEOD CHRISTOPHER ROSS announced the sale of shares taking place on Feb 03 at $1.10 for some 6,400 shares. The total came to more than $7047.

    Zynga Inc. (ZNGA) Director DUGAN REGINA E sold on Feb 04 a total 217,319 shares at $10.27 on average. The insider’s sale generated proceeds of almost $91917.

    Harley-Davidson Inc. (HOG) President and CEO ZEITZ JOCHEN declared the purchase of shares taking place on Feb 04 at $32.47 for some 30,800 shares. The transaction amount was around $1.0 million.

    Amicus Therapeutics Inc. (FOLD) Director WHITMAN BURKE W bought on Feb 01 a total 41,467 shares at $19.09 on average. The purchase cost the insider an estimated $28,637.

  • Why Ocugen, Inc. (OCGN) looks set to accumulate more gains?

    Why Ocugen, Inc. (OCGN) looks set to accumulate more gains?

    Ocugen, Inc. (OCGN) was up another 60% in aftermarket trading on Friday after the company announced it had signed definitive agreements for the sale of an aggregate of 3,000,000 shares of common stock to healthcare-focused institutional investors. The shares were offered in a registered direct offering at $7.65 per share. The offering will close on or about February 10, 2021, pending the satisfaction of the usual closing conditions. The exclusive placement agent for the issuer is H.C. Wainwright & Co.

    Before deducting placement agent’s fees and other offering expenses Ocugen will receive approximately $23 million in gross proceeds. Ocugen intends to use its net proceeds from the offering to fund working capital, capital expenditures, and its general and administrative expenses.

    OCGN is already up 200% over week

    The stock skyrocketed around 200% last week after the biopharmaceutical firm struck a deal to develop a promising coronavirus vaccine candidate to be used in the United States. The deal prompted Roth Capital analyst ZegbehJallah to raise the firm’s price target on Ocugen from $1 to $8. Based on the research note, Jallah explains that the terms of the deal are favorable, including no upfront payment so that the company can start off with a positive cash flow.

    What Was Behind The Happy Weekend

    On Friday, Ocugen shares rose 61.5%, following another upbeat analyst note.

    SwayampakulaRamakanth of H.C. Wainwright increased his rating for Ocugen’s stock to buy from neutral on Thursday and forecasted a $4.50 target price for the stock. Ramakanth supported the recent deal between Ocugen and India’s Bharat Biotech, which could potentially deliver Covaxin, a candidate vaccine for COVID-19, to the U.S. market.

    Ramakanth suggests Covaxin could induce a greater level of immunity and better protection against new strains of coronavirus than the COVID-19 vaccine that has been given an emergency use authorization in the U.S. He also emphasized the logistical advantages of covaxin’s less onerous storage requirements, thereby enhancing its competitive edge.

  • Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

    On February 4, American stock indices closed in the green. The S&P 500 Index climbed 1.09% to 3872 points, reaching a new all-time high. Dow Jones rose 1.08%, NASDAQ – 1.23%. The news background remained mostly calm. High investor risk appetite may be associated with positive macroeconomic statistics. The finance sector was the top gainer, rallying 2.27% on the back of a rally in payments stocks following a PayPal report. The tech sector added 1.55% on positive performance in Apple shares.

    Company news

    PayPal (PYPL: + 7.4%) successfully reported for the fourth quarter amid a boom in online trading and an increase in cryptocurrency transactions.

    Qualcomm’s revenue (QCOM: -8.8%) was in line with expectations, which did not allow the company to distinguish itself from the unexpectedly strong results of competitors.

    EBay (EBAY: + 5.3%) results beat consensus due to explosive growth in eCommerce during the reporting period.

    Today, global stock exchanges are showing positive dynamics. The optimism remains mainly related to the prospects for the adoption of the fiscal stimulus package. President Biden said yesterday that he was not ready to reduce the volume of direct payments to the population and insisted that they remain at $ 1400. Nevertheless, the head of the White House will probably consider the idea of ​​limiting the circle of citizens who are entitled to subsidies. This item of the program is of increased interest due to the extremely high activity of private investors, which caused a wave of short squeezes last week. It is expected that part of the funds received from the state will be invested by the population in the stock market but estimates of the potential inflow of liquidity are still very different.

    The focus of attention of market participants today will be focused on makrostatistiki. Strong data on the labor market is expected, which may serve as a fresh driver for the continuation of the upward movement. The companies’ quarterly reports continue to support risk appetite, with a positive initial investor reaction to the reports prevailing.

    Sentiment Index

    The Freedom Finance Sentiment Index remains at 68 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is still in a medium-term uptrend. The day before, the broad market index reached a new high, which signals the continued activity of buyers. The short-term outlook will depend on whether the bulls can hold the S&P 500 above 3870 points. The next resistance is at 3900 points, where the upper trend line lies.

    Today Top Movers‎T2 Biosystms Inc (TTOO), a healthcare firm, soared about 47.50% ‎at $3.54 in pre-market ‎trading Friday following the news of efficiency of its T2SARS-CoV-2™ Panel to ‎detect Brazil (P.1) variant of the SARS-CoV-2 virus.‎ ‎

    Aurora Mobile Ltd (JG) share price jumped 112.31% to $8.45 during the early morning ‎trading session on ‎Friday after declaring a partnership agreement with Kuaishou Technology, to improve advertising monetization efficiency. ‎ Supercom Lt (SPCB) stock ascended 37.85% at $1.93 in the pre-market trading today.‎ The company recently revealed the closing of financing with gross proceeds of $7 million to support the company’s growth capital needs. ‎LAIX Inc (LAIX) gained over 172.66% at $6.98 in pre-market ‎trading on Friday.‎ It appears there was a coordinated move on social media to drive the price up.

    Top Upgrades & Downgrades

    BTIG turned bullish on Canada Goose Holdings Inc. (GOOS), upgrading the stock to “Neutral”. 

    Infinity Pharmaceuticals Inc. (INFI) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Underweight to Neutral. 

    CMS Energy Corporation (CMS) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $64. They changed their rating on CMS to Outperform from Neutral in a recently issued research note. 

    Earlier Friday Oppenheimer reduced its rating on New Relic Inc. (NEWR) stock to Perform from Outperform. 

    Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Bruker Corporation (BRKR) has been changed to Equal Weight from Overweight and the new price target is set at $55. 

    Analysts at Raymond James downgraded Peloton Interactive Inc. (PTON)’s stock to Market Perform from Outperform Friday.

    Latest Insider Activity

    Palantir Technologies Inc. (PLTR) Karp Alexander C. announced the sale of shares taking place on Feb 02 at $31.59 for some 1,285,123 shares. The total came to more than $40.6 million. 

    Delta Air Lines Inc. (DAL) Int Co-CFO & SVP, Fin & Cntlr Carroll William C sold on Feb 02 a total of 19,481 shares at $38.55 on average. The insider’s sale generated proceeds of almost $0.1 million. 

    The Charles Schwab Corporation (SCHW) Director Ruffel Charles A. declared the purchase of shares taking place on Feb 04 at $54.08 for some 3,636 shares. The transaction amount was around $0.2 million. 

    Aurinia Pharmaceuticals Inc. (AUPH) Director Leversage Jill bought on Jan 29 a total 400 shares at $16.03 on average. The purchase cost the insider an estimated $6,412.

    Important Earnings

    Top US earnings releases scheduled for today include GrafTech International Ltd. (NYSE: EAF). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.4 per share from revenues of $300.16M in the three-month period. 

    Analysts expect Cardinal Health Inc. (NYSE: CAH) to report a net income (adjusted) of $1.44 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $41.44B. 

    Sanofi (SNY), due to announce earnings before the market opens today, is expected to report earnings of $0.69 per share from revenues of $11.39B recently concluded three-month period.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Futures for major US stock indices rose on Thursday in anticipation of labor market statistics and a new portion of corporate reporting, according to trading data.

    Futures on the Dow Jones Industrial Average (DJIA) grew by 0.1%, to 30.660 points, on the NASDAQ high-tech index – by 0.41%, to 13449 points, on the broad market S&P 500 index – by 0.16%, up to 3829.88 points.

    Investors are watching for signs that the US economic recovery will continue, despite the large number of cases of infection with coronavirus and new strains of it, against which existing vaccinations may be less effective, which is fraught with new restrictive measures.

    In this light, the market is interested in the statistics of the initial jobless claims, which will be published later on Thursday. Analysts expect a decrease in this number by 17 thousand last week compared to the previous one, to 830 thousand applications.

    In addition, traders are waiting for a new portion of corporate reporting in the United States. For example, investment company Carlyle Group, pharmaceutical Bristol-Myers Squibb and tobacco Philip Morris International should disclose their financials for the past quarter before the opening of trading, and the automaker Ford Motor and Snap, which owns the social networking app Snapchat, are planning to publish a profit report and losses after their closure.

    Today Top Movers

    Bilibili Inc (BILI) share price jumped 11.14% to $150.25 during the early morning ‎trading session on ‎Thursday.‎ As of Q3 2020, Bilibili reported that its total number of monthly active users increased 54% year-over-year to 197.2 million. And the total paying users increased 89% to 15 million.‎

    Cassava Sciences Inc (SAVA) gained over 42.00% at $124.89 in pre-market ‎trading on Thursday.‎ The firm recently declared results of an interim analysis from an open-label study of simufilam, its lead drug candidate for the treatment of Alzheimer’s disease. ‎

    Onconova Therapeutics Inc (ONTX) grew over 6.70% at $0.90 in pre-market trading ‎today. Recently ONTX being granted a European patent for “The Treatment Of Hematological Cancer Refractory To An Anti-Cancer Agent.” 

    DraftKings Inc (DKNG) stock moved up 1.01 percent to $60.72 in the pre-market ‎trading.‎

    Top Upgrades & Downgrades

    Roth Capital turned bullish on Ocugen Inc. (OCGN), upgrading the stock to “Buy” and assigning a $1.0 price target, representing a potential upside of 60.14% from Wednesday’s close. 

    STERIS plc (STE) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $224.0, suggesting a 22.45% additional upside for the stock. 

    FireEye Inc. (FEYE) received an upgrade from analysts at BofA, who also set their one-year price target on the stock to $27. They changed their rating on FEYE to Buy from Neutral in a recently issued research note. 

    Earlier Thursday HC Wainwright & Co. reduced its rating on GW Pharmaceuticals plc (GWPH) stock to Neutral from Buy and assigned the price target to $220.0. With shares trading at around $211.37, the Wall Street firm thinks GW Pharmaceuticals plc’s stock could add than 4.08%. 

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Murphy Oil Corporation (MUR) has been changed to Sector Weight from Overweight. 

    Analysts at Oddo BHF downgraded GlaxoSmithKline plc (GSK)’s stock to Neutral from Buy Thursday.

    Latest Insider Activity

    Apple Inc. (AAPL) Director LEVINSON ARTHUR D announced the sale of shares taking place on Feb 02 at $135.60 for some 3,416 shares. The total came to more than $0.46 million. 

    Koss Corporation (KOSS) VP – Marketing & Product Koss Michael J Jr sold on Feb 02 a total 46,000 shares at $25.98 on average. The insider’s sale generated proceeds of almost $0.36 million. 

    MannKind Corporation (MNKD) Chief Executive Officer Castagna Michael declared the purchase of shares taking place on Jan 31 at $1.33 for some 5,000 shares. The transaction amount was around $6650. 

    Texas Instruments Incorporated (TXN) Director Craighead Martin S bought on Jan 28 a total 21,388 shares at $166.91 on average. The purchase cost the insider an estimated $997,294.

    Important Earnings

    Top US earnings releases scheduled for today include Nokia Corporation (NYSE: NOK). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.13 per share from revenues of $7.43B in the three-month period. 

    Analysts expect Ford Motor Company (NYSE: F) to report a net income (adjusted) of -$0.07 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $33.89B. 

    Snap Inc. (SNAP), due to announce earnings after the market closes today, is expected to report earnings of $0.07 per share from revenues of $857.39M recently concluded three-month period.

  • Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    On February 2, the American stock indexes finished trading in the green zone. The S&P 500 climbed 1.39% to 3826 points, the Dow Jones rose 1.57% and the NASDAQ rose 1.56%. The news background did not contain new drivers of movement, but risk appetite was increased due to the decrease in fears of an overbought market. All 11 sectors closed in positive territory. The finance sector-led growth with 2.46%, driven by a rebound in Treasury yields.

    Company news

    Uber (UBER: + 7%) today announced it has acquired the liquor delivery service Drizly for $1.1 billion in company stock and cash.

    Pfizer’s revenue (PFE: -2.3%) beat expectations, although EPS was weaker than consensus. The 2021 revenue forecast assumes strong sales of coronavirus vaccines.

    Results of oil giant BP (BP: -6.6%) were worse than expected in various segments, dividends were reduced by 50%.

    Today, world stock exchanges are showing mostly positive dynamics. The fight against the coronavirus remains in focus and the news on this front is mostly positive. The attention of international investors was attracted by the results of tests of the Russian vaccine Sputnik V, which revealed its high efficiency. In addition, the University of Oxford has published encouraging research results that indicate that the AstraZeneca vaccine not only prevents coronavirus disease but also reduces its spread by two-thirds. This is the first study to document that vaccine proliferation will lead to a rapid decline in disease incidence. In the United States, more than 7% of the population has already received the first dose of the vaccine, and the daily incidence of COVID-19 has rolled back to November levels.

    Quarterly results were published by 43% of companies in the S&P 500. At present, aggregate net income for the fourth quarter is expected to show growth YoY, while in October it was forecast to decline by 13% YoY. This signals that companies’ financials are showing an unexpectedly fast recovery. However, the optimistic expectations have already been partially taken into account in the quotes, as evidenced by the increase in the S&P 500 by 17% over the past three months.

    Sentiment Index

    The Freedom Finance Sentiment Index remains at 68 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are slowly diminishing with the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is still bullish in the medium term. The broader market index has continued to rebound from the 50-day moving average, but the strength of this impulse is fading. In the short term, consolidation is likely, as the RSI indicator is in the neutral zone and indicates the equality of forces between the bulls and bears, while the MACD indicator remains in negative territory.

    Today Top Movers

    Sundial Growers Inc (SNDL) stock moved up 8.65 percent to $1.13 in the pre-market ‎trading. The firm recently revealed the closing of its US$100 million registered offering.‎‎
    ‎ ‎‎
    ‎AMC Entertainment Holdings Inc (AMC) stock ascended 8.44% at $8.48 in the pre-market trading today.‎‎
    ‎ ‎‎
    ‎Naked Brand Group Ltd (NAKD) an apparel manufacturing company, soared about 12.07% ‎at $1.02 in pre-market ‎trading Wednesday following the declaration of closing $50 million registered direct offering priced at-the-market.
    ‎ ‎‎
    ‎Cps Technologies (CPSH) share price jumped 21.75% to $8.45 during the early morning ‎trading session on ‎Wednesday.‎‎ The company recently declared receipt of a purchase order for HybridTech Armor© Panels to be installed as the strike face of advanced ballistic shields to support U.S. Navy CVN class ships.

    Top Upgrades & Downgrades

    Oppenheimer turned bullish on NXP Semiconductors N.V. (NXPI), upgrading the stock to “Outperform” and assigning a $210.0 price target, representing a potential downside of 18.5% from Tuesday’s close. 

    Nucor Corporation (NUE) has won the favor of Credit Suisse’s equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $63.0, suggesting a 24.85% additional upside for the stock. 

    Steel Dynamics Inc. (STLD) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $52.0. They changed their rating on STLD to Outperform from Neutral in a recently issued research note. 

    Earlier Tuesday Credit Suisse reduced its rating on SBA Communications Corporation (SBAC) stock to Neutral from Outperform and assigned the price target to $291.0. With shares trading at around $281.90, the Wall Street firm thinks SBA Communications Corporation’s stock could add than 3.23%. 

    JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Centennial Resource Development Inc. (CDEV) has been changed to Underweight from Neutral. 

    Analysts at JPMorgan ‎downgraded Cabot Oil & Gas Corporation (COG)’s stock to Neutral from Overweight Wednesday.

    Latest Insider Activity

    Moderna Inc. (MRNA) Andres Juan announced the sale of shares taking place on Feb 01 at $172.99 for some 5,000 shares. The total came to more than $0.86 million. 

    Visa Inc. (V) CHAIRMAN & CEO KELLY ALFRED F JR sold on Jan 29 a total of 163,112 shares at $197.73 on average. The insider’s sale generated proceeds of almost $1.78 million. 

    Surgalign Holdings Inc. (SRGA) Director STOLPER MARK declared the purchase of shares taking place on Feb 01 at $1.50 for some 16,667 shares. The transaction amount was around $25001.0. 

    Outlook Therapeutics Inc. (OTLK) Director Sukhtian Ghiath M. bought on Feb 02 a total of 10,820,630 shares at $1.00 on average. The purchase cost the insider an estimated $8.36 million.

    Important Earnings

    Top US earnings releases scheduled for today include Boston Scientific Corporation (NYSE: BSX). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.31 per share from revenues of $2.83B in the three-month period. 

    Analysts expect AbbVie Inc. (NYSE: ABBV) to report a net income (adjusted) of $2.85 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $13.7B. 

    eBay Inc. (EBAY), due to announce earnings after the market closes today, is expected to report earnings of $0.83 per share from revenues of $2.7B recently concluded three-month period.

  • EverQuote (EVER) Climbed 4%, What Business Model It Operate Through?

    Insurance shopping isn’t fun, but buying a stock that benefits from online insurance ad spending is more than fun. EverQuote, Inc. (EVER) is an online marketplace for insurance shopping in the United States and on Monday, the company’s shares saw an increase of +3.99% bringing the price up to $46.86.

    EverQuote’s online insurance platform is built to take advantage of a transition in how insurance providers aim to reach new clients. EverQuote offers a forum that helps potential customers to match premiums quickly, given that insurance shoppers are particularly cost-conscious. As for insurers, it presents them with highly oriented buyers willing to purchase or leap ship from their present supplier.

    EverQuote does not only rely on a particular indication of insurance. Although its bread and butter have always been car insurance, it has started to grow vertically in the insurance sector to cover the house, homeowners, housing, and life insurance as well. These other applications are increasing far faster than car insurance, which ensures that EverQuote’s topline growth for the near future will stay sustainably strong.

    Investors should therefore not underestimate just how big the market is for ad spending on digital insurance. In 2020, an estimated $146 billion was expended on insurance marketing, $5.6 billion of which was internet advertising. For the next four years, this digital investment is projected to rise by 16 percent annually. By 2024, that means it would almost double. With the right commodity, EverQuote is clearly in the right position at the right moment.

    In The Boston Globe’s 13th annual employee-based survey initiative, EverQuote has been named one of the Best Places to Work in Massachusetts. In the group of major employers, EverQuote was ranked #23.

    The Best Places to Work rankings are based on anonymous survey details obtained from more than 80,000 people in 285 Massachusetts companies by Energage, an independent firm specialized in employee participation.

    Elyse Neumeier, EverQuote, Inc. (EVER) Chief People Officer said that our workers are united by our common goal to be the world’s largest online provider of insurance plans and use data and technologies to make insurance faster, more accessible, and customized.

  • Pacira BioSciences (PCRX): The Stock for the long-term Investment

    Pacira BioSciences (PCRX): The Stock for the long-term Investment

    There are certain notable prospects for Pacira to become a mega biosciences firm in the next few years.

    The COVID-19 pandemic has increased the significance of Medical and Health firms—with the increase in demand of medical equipment. Investors are keenly monitoring the health stocks and are attracted by their board marketplace. Pacira BioSciences (PCRX) is one of those stocks that have outpaced its counterparts in the market.

    The interesting thing about PCRX is that in the past few years it has turned things around—from loss to profitability. In the last three years, Pacira’s share price has jumped more than 40%, with most of the bullish movement in 2020. Analysts are bullish on PCRX as we head forward. Here is what the investor needs to know.

    What’s Next?

    Pacira BioSciences (PCRX) has been in the spotlight with improving earnings per share. The growth in EPS is considered to be a good sign from an investment point-of-view. In one year, period, the company’s EPS soared from $0.049 to $2.99, which is a record jump. Such growth rate is unlikely to occur again, but it has set the pathway for Pacira—potentially the breakout point.

    Looking at the other side of the picture—to double-check Pacira’s growth—the company’s EBIT margins were flat, while the revenue grew by 6.9% to $421 million. Now, that’s some development.

    Recently, the company reported that it has initiated to lead an equity investment in GeneQuine Biotherapeutics GmbH. Based on the agreement terms, Pacira will initially invest around $2.4 million following an additional investment of $4.81 million. The additional investment would be predicated upon GeneQuine’s completion of near-term milestones such as its lead gene therapy product candidate, GQ-303.

    At the moment, GeneQuineis working on GQ-303 and its analogs, and under pre clinical development as a treatment for OA.

    Pacira’s equity investment in the German biopharmaceutical firm is part of its plan to participate in the development of disease-modifying gene therapy for osteoarthritis. The company believes that this investment is pretty sound. This investment would increase with time if the initial developments turn of to be favorable for both the medical firms.

    Pacira’s investment worth $3 million would be made in form of a convertible note. Moreover, the company would appoint one member to the board of directors of GeneQuine, as part of the agreement.

    Conclusion

    Pacira BioSciences (PCRX) has reported its preliminary unaudited full-year 2020 results, which are quite astonishing. The net revenue is projected to grow 2% to $429.6 million, up from last year’s $421 million. While its lead product sales of EXPAREL and iovera° have grown massively over the past few months. The revenue from both the products accounted for a revenue of $127.7 million.

    Overall, the stats are reflecting that PCRX is making its way into the bigger marketplace. With the current market cap of just over $3 billion, Pacira is one to watch for in the long-term run.