STOCKS TELEGRAPH

Author: ST Staff

  • Profitable Stocks to Watch on a potentially Slow Day

    Profitable Stocks to Watch on a potentially Slow Day

    U.S markets are headed for a weak start to the day this morning. In early morning trading, the S&P 500, the Dow and the NASDAQ are all in the red. The weakness is in tandem with similar trends in the European markets where key markets are all in the red.

    The FTSE, the DAX, and the CAC 40 are all in the red this morning. This weakness follows data pointing to an increase in the number of COVID-19 infections and deaths. So far, the number of deaths from COVID-19 has crossed one million, and there is no clear cut solution to the problem at the moment. The fear of increased COVID-19 cases had dampened the mood in the market, even as investors wait for a possible stimulus package from the U.S government.

    The rising number of deaths has also affected the oil markets as crude oil prices drop due to the sustained decline in demand. According to an AxiCorp market strategist, investors are now watching for signs of demand increase in the U.S markets.

    Essentially, most markets are largely expected to trade in negative territory today. Despite the overall market weakness, there are stocks that are performing quite well this morning and are expected to do well in the day. Some of the top stock top performers this morning that could sustain momentum all through the day are as below:

    Westwater Resources Inc [NASDAQ: WWR]

    This is a top performer this morning and is up by over 50% pre-market.  The interesting aspect to it is that there is no major news driving the momentum. However, the stock, like others in its sector, has been gaining upside momentum lately.

    This is driven by increased demand for EV batteries as society increasingly adopts electric vehicles as a solution to fighting climate change. Part of this company’s portfolio is the exploration of lithium deposits, which are critical to the battery making process.

    Greenpro Capital Corp [NASDAQ: GRNQ]

    Greenpro Capital Corp is another top performer this afternoon and is up by over 50%. While there is no news around it, this stock is still riding on its earlier updates on its cryptoSX exchange and its Decentralized Finance businesses.  These are key growth areas as blockchain continues to revolutionize the finance world, and investors expect these two businesses to drive Greenpro business long term.

    LM Funding America Inc [NASDAQ: LMFA]

    LM Funding America Inc is also quite strong this morning and is up by over 21%. Like most top performers this morning, this is largely a price action driven move, triggered by an increase in buying volumes.

     

  • Stocks to Watch for Quick Gains This Week

    Stocks to Watch for Quick Gains This Week

    The markets are doing well today, but there are stocks that are doing extraordinarily better than the rest of the market. By following market momentum, one can make good money with these stocks today. Some of the stocks that are gaining incredible momentum this afternoon are as below:

    Oxbridge Re Holdings Ltd [NASDAQ: OXBR]

    This is one of the stocks that have benefited immensely from the increased bullish sentiment in the equity markets.  The stock has seen a massive increase in buying sentiment, and short volumes are on a decline. If this trend continues, OXBR could test $6 today, or within the week.

    It is one of the stock’s that offers investors an opportunity for huge gains this week. So far, it’s up by over 200%, and anyone who got in earlier in the day is in big gains. Since there is no news, the move is purely speculative, and investors need to keep an eye on short action. As long as short volumes remain low, upside momentum is likely to remain dominant.

    Virgin Galactic Holdings Inc [NYSE: SPCE]

    This is another big mover this afternoon and looks set for more gains all through the day and possibly through the week. While there is no specific news about it, this stock, is riding on sentiment by Bank of America analysts that it could double in value. The analysts are counting on the fact that it has a unique market, and that it is well prepared to tackle the needs of this market.

    The analysts have argued that while the business has not yet commenced operations, its potential growth in the space market is limitless. This validation has seen investor interest in this stock grow. As excitement around this stock grows, shorts could decline and see its value rally to new highs within the week. It’s an interesting stock to watch for investors chasing massive gains in a short time.

    Uber [NYSE: UBER]

    Uber is another interesting stock to watch today, and all through the week. While the stock has not yet pumped, there is potential that it could start recording massive gains. This follows news that the company had been given the green light to continue operating in London.

    London is one of the largest markets for cab-hailing services and being denied the license was a huge blow to the company. As this news filters into the market, the stock is likely to record major gains short-term.

     

     

  • Here Are 10 Best Solar Industry Stocks To Consider

    Here Are 10 Best Solar Industry Stocks To Consider

    Solar Industry is considered to be the fast-growing industry around the globe. This industry is entered into the new era of growth with an increase in customer demands, innovation, and cost competitiveness. The low cost of solar will be the main source for developing countries where we have seen the continued adoption of solar energy, especially in separated areas where extending the existing grids system isn’t a good choice financially.

    The companies in the solar industry are involved in the selling of photovoltaic installation products, as well as solar renewable energy certificates. Some companies are engaged in designs, development, manufacturing, and selling solar ingots, wafers, cells, modules, and other solar power products. There are various other companies that have different services and products in this industry.

    Here’s a look at how the solar industry has evolved and where it’s headed in 2020:

    SPI Energy Co. Ltd. (NASDAQ: SPI)

    SPI Energy Co. Ltd. (NASDAQ: SPI) last closed at $9.99, in a 52-week range of $0.55 to $46.67. SPI Energy Co. Ltd. has earlier revealed that it has launched EdisonFuture, Inc., a wholly-owned subsidiary of SPI Energy, to design and develop electric vehicles (“EV”) and EV charging solutions. The company disclosed that this is an important milestone for SPI Energy.

    Sunrun Inc. (NASDAQ: RUN)

    Sunrun Inc. (NASDAQ: RUN) stock soar by 9.62% to $66.46. The most recent rating by KeyBanc Capital Markets, on July 13, 2020, is at an Overweight. Previously, CHANEL has revealed that it has committed $35 million toward solar energy projects for low-income multifamily households with Sunrun Inc. Sunrun Inc. market cap has remained high, hitting $7.69 billion at the time of writing.

    JinkoSolar Holding Co. Ltd. (NYSE: JKS)

    JinkoSolar Holding Co. Ltd. (NYSE: JKS) Shares headed rising, higher as much as 8.41%. The most recent rating by Credit Suisse, on September 24, 2020, is at an Outperform. Previously, JinkoSolar Holding Co. Ltd. (JKS) has announced the second-quarter results ended on June 30, 2020. Its module shipment increased in Q2 as compared to Q1. Its total revenues were RMB8.45 billion (US$1.20 billion), exceeding JinkoSolar’s guidance range of US$1.10 billion to US$1.18 billion.

    SunPower Corporation (NASDAQ: SPWR)

    SunPower Corporation (NASDAQ: SPWR) rose 5.13% after gaining more than $0.52 on Friday. SunPower Corporation (SPWR) has earlier secured financing commitments from Hannon Armstrong Sustainable Infrastructure Capital, Inc. and other capital providers for its residential solar lease program, as well as its new solar plus storage program, SunPower Equinox system with SunVault™ storage.

    Canadian Solar Inc. (NASDAQ: CSIQ)

    Canadian Solar Inc. (NASDAQ: CSIQ) stock soar by 7.63% to $32.18. The most recent rating by Cascend Securities, on August 16, 2019, is at a Buy. Canadian Solar Inc. (CSIQ) has issued a statement in a patent lawsuit filed by Solaria in April 2020 in the U.S. District Court in Oakland, California, entitled The Solaria Corporation v. Canadian Solar Inc. CSIQ said that none of the products at issue in the case infringe the Solaria patents. Solaria withheld key evidence from the U.S. Patent Office when seeking its patents and this, among other reasons, renders the asserted claims both invalid and unenforceable.

    Enphase Energy Inc. (NASDAQ: ENPH)

    Enphase Energy Inc. (NASDAQ: ENPH) rose 6.07% after gaining more than $4.21 on Friday. Enphase Energy Inc. (ENPH) has earlier hosted a Made in Mexico event at the Flex manufacturing facility in Guadalajara, Mexico. The Company was honored to welcome Christopher Landau, the U.S. Ambassador to Mexico, to the event as he received a facility tour and overview of Enphase’s investment in Mexico.

    Sunworks Inc. (NASDAQ: SUNW)

    Sunworks Inc. (NASDAQ: SUNW) shares were trading down -46.82% at $2.09 at the time of writing on Friday. Sunworks Inc. (NASDAQ: SUNW) share price went from a low point around $0.29 to briefly over $8.50 in the past 52 weeks, though shares have since pulled back to $2.09. SUNW market cap has remained high, hitting $65.40M at the time of writing, giving it a price-to-sales ratio of more than 1. If we look at the recent analyst rating SUNW, ROTH Capital downgraded coverage on SUNW shares with a Neutral rating.

    First Solar Inc. (NASDAQ: FSLR)

    First Solar Inc. (NASDAQ: FSLR) last closed at $63.05, in a 52-week range of $28.47 to $81.87. Analysts have a consensus price target of $68.74. First Solar Inc. (FSLR) has moved up 121.46% from its 52-weeks low and moved down -22.99% from its 52-weeks high. First Solar Inc. has a total market capitalization of $6.50 billion at the time of writing.

    Vivint Solar Inc. (NYSE: VSLR)

    Vivint Solar Inc. (NYSE: VSLR) Shares headed rising, higher as much as 9.56%. The most recent rating by JMP Securities, on July 07, 2020, is at an Mkt perform. Vivint Solar Inc. (VSLR) share price went from a low point around $3.17 to briefly over $36.55 in the past 52 weeks, though shares have since pulled back to $36.43. VSLR market cap has remained high, hitting $4.19 Billion at the time of writing.

    Sunnova Energy International Inc. (NYSE: NOVA)

    Sunnova Energy International Inc. (NYSE: NOVA) last closed at $26.52, in a 52-week range of $6.12 to $29.61. Analysts have a consensus price target of $30.70. Sunnova Energy International Inc.’s market cap has remained high, hitting $2.25 Billion at the time of writing.

  • 20 Trending Stocks In Biotechnology Industry You Should Consider Buying

    20 Trending Stocks In Biotechnology Industry You Should Consider Buying

    Investors are always looking for safe and secure investments and as a strong and profitable industry, the biotechnology industry is considered to be an attractive area of investment. This industry has experienced massive growth in recent years and is continuously adopting new technological advancements to keep pace with the fast-growing market. Biotechnology is a set of tools that uses living organisms to create or change a product, improve plants, trees, or animals, or develop microorganisms for specific uses.

    Modern Biotechnology’s main focus is on medicine. The companies in this sector are involved in the development of new treatments for various complex diseases. Technology has always been at the heart of the biotechnology industry. As the new technologies emerged with the passage of time the efficiency of companies has also improved. Similarly, technological advancements have also changed the clinical trial process.

    There are various other trends that the companies are following. Let see the top 20 companies in the biotechnology industry to get a better view:

    Cassava Sciences Inc. (NASDAQ: SAVA)

    Cassava Sciences Inc. (NASDAQ: SAVA) last closed at $11.47, in a 52-week range of $1.05 to $11.25. Analysts have a consensus price target of $17.00. Cassava Sciences Inc. (SAVA) has earlier announced the results of the Phase 2b study with its drug candidate Sumifilam, in Alzheimer’s disease. The clinical study which has received the funding by the National Institutes of Health (NIH) has shown the improvement in Alzheimer’s disease. Cassava Sciences Inc. (SAVA) market cap has remained high, hitting $242.02 M at the time of writing.

    Inovio Pharmaceuticals Inc. (NASDAQ: INO)

    Inovio Pharmaceuticals Inc. (NASDAQ: INO) stock soar by 10.21% to $16.94. The most recent rating by ROTH Capital, on July 01, 2020, is at a Sell. Inovio Pharmaceuticals Inc. (INO) has revealed that the US Food and Drug Administration (FDA) has informed the company that it has some questions related to the Phase 2/3 trial of its COVID-19 vaccine candidate INO-4800, including its CELLECTRA 2000 delivery device to be used in the trial. the company said that it will halt the trial until it clear all the ambiguities of FDA.

    Sorrento Therapeutics Inc. (NASDAQ: SRNE)

    Sorrento Therapeutics Inc. (NASDAQ: SRNE) Shares headed rising, higher as much as 4.84%. The most recent rating by H.C. Wainwright, on July 31, 2020, is at a Buy. Sorrento Therapeutics Inc. (SRNE) has earlier revealed the results of its’ multicenter, open-label, Phase 1b Study to Evaluate Safety and MTD of Epidural Resiniferatoxin Injection for the Treatment of Intractable Cancer Pain at the 14th Annual Pain Therapeutics Summit. The company has reported the encouraging results from its Phase 1b study to evaluate Epidural Resiniferatoxin Injection.

    Vaxart Inc. (NASDAQ: VXRT)

    Vaxart Inc. (NASDAQ: VXRT) rose 7.40% after gaining more than $0.51 on Friday. Pomerantz LLP is investigating claims on behalf of investors of Vaxart, Inc. Vaxart Inc. share price went from a low point around $0.25 to briefly over $17.49 in the past 52 weeks, though shares have since pulled back to $7.40. Vaxart Inc.’s market cap has remained high, hitting $752.43 M at the time of writing.

    Novavax Inc. (NASDAQ: NVAX)

    Novavax Inc. (NASDAQ: NVAX) stock soar by 10.86% to $113.56. The most recent rating by H.C. Wainwright, on August 06, 2020, is at a Buy. Par Sterile Products, LLC (Par Sterile) has entered into a non-exclusive agreement with Novavax, Inc. to provide fill-finish manufacturing services at its plant in Rochester, Michigan for NVX-CoV2373, Novavax’ COVID-19 vaccine candidate.

    Onconova Therapeutics Inc. (NASDAQ: ONTX)

    Onconova Therapeutics Inc. (NASDAQ: ONTX) Shares headed falling, lower as much as -3.23%. The most recent rating by H.C. Wainwright, on March 01, 2018, is at a Buy. Onconova Therapeutics Inc. (ONTX) earlier revealed that it has started the Phase 1 clinical trial in China for ON 123300 by its partner, HanX Biopharmaceuticals. Onconova has partnered with HanX Biopharmaceuticals in December 2017 for the development, registration, and commercialization of ON 123300 in China.

    Jaguar Health Inc. (NASDAQ: JAGX)

    Jaguar Health Inc. (NASDAQ: JAGX) last closed at $0.31, in a 52-week range of $0.29 to $1.38. Jaguar Health Inc. (JAGX) earlier revealed itis scheduled to participate in its first “Diarrhea Dialogues” virtual event on October 20 from 3:00 PM. The event, open to the financial and business community, will discuss the importance of supportive care for cancer patients as it relates to chronic lower GI tract distress, specifically with regard to debilitating diarrhea experienced as a result of cancer therapy.

    Zogenix Inc. (NASDAQ: ZGNX)

    Zogenix Inc. (NASDAQ: ZGNX) stock drop by -1.46% to $17.50. The most recent rating by Raymond James, on August 25, 2020, is at an Mkt perform. Zogenix Inc. (ZGNX) has revealed the pricing of its offering of $200,000,000 aggregate principal amount of 2.75% convertible senior notes due 2027 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

    Trevena Inc. (NASDAQ: TRVN)

    Trevena Inc. (NASDAQ: TRVN) Shares headed rising, higher as much as 4.04%. The most recent rating by Guggenheim, on September 14, 2020, is at a Buy. Trevena Inc. (TRVN) has earlier participated in three presentations at the virtual 2020 American College of Clinical Pharmacology (ACCP) Annual Meeting. The meetings have taken place from September 21st to 23rd, 2020.

    VBI Vaccines Inc. (NASDAQ: VBIV)

    VBI Vaccines Inc. (NASDAQ: VBIV) last closed at $3.08, in a 52-week range of $0.47 to $6.93. VBI Vaccines Inc. (VBIV) is scheduled to participate in upcoming presentations including Sci-B-Vac: Results on Ph3 Hep B vaccine, Targeting CMV for the development of effective GBM immunotherapy on September 29 and 30, 2020, respectively. It has today participated in the COVID-19 panel discussion on the topic: What existing treatments and vaccine development platforms show promise to control the rate of infection and spread?

    Brickell Biotech Inc. (NASDAQ: BBI)

    Brickell Biotech Inc. (NASDAQ: BBI) Shares headed rising, higher as much as 3.90%. The most recent rating by Lake Street, on August 28, 2020, is at a Buy. Brickell Biotech Inc. (BBI) has revealed that its Japanese development partner, Kaken Pharmaceutical Co., Ltd. has received approval to manufacture and market sofpironium bromide gel, 5% under the brand name ECCLOCK in Japan for the treatment of primary axillary (underarm) hyperhidrosis.

    VYNE Therapeutics Inc. (NASDAQ: VYNE)

    VYNE Therapeutics Inc. (NASDAQ: VYNE) Shares headed falling, lower as much as -6.17%. VYNE Therapeutics Inc. (VYNE) has revealed that the Company will host a physician symposium on AMZEEQ and ZILXI™ on Thursday, October 1, 2020. VYNE market cap has remained high, hitting $271.70-M at the time of writing.

    Acorda Therapeutics Inc. (NASDAQ: ACOR)

    Acorda Therapeutics Inc. (NASDAQ: ACOR) shares were trading up 30.13% at $0.62 at the time of writing on Friday. Acorda Therapeutics Inc. (NASDAQ: ACOR) share price went from a low point around $0.42 to briefly over $3.27 in the past 52 weeks, though shares have since pulled back to $0.62. ACOR market cap has remained high, hitting $22.70M at the time of writing, giving it a price-to-sales ratio of more than 0. If we look at the recent analyst rating ACOR, H.C. Wainwright downgraded coverage on ACOR shares with a Neutral rating.

    Moderna Inc. (NASDAQ: MRNA)

    Moderna Inc. (NASDAQ: MRNA) last closed at $69.47, in a 52-week range of $13.53 to $95.21. Analysts have a consensus price target of $91.90. Moderna Inc. (MRNA) has moved up 413.45% from its 52-weeks low and moved down -327.03% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 17.30. This company’s market capitalization has remained high, hitting $25.72 billion at the time of writing.

    iBio Inc. (AMEX: IBIO)

    iBio Inc. (AMEX: IBIO) rose 7.77% after gaining more than $0.15 on Friday. iBio Inc. (IBIO) share price went from a low point around $0.05 to briefly over $7.45 in the past 52 weeks, though shares have since pulled back to $2.08. iBio Inc. has moved up 4060.00% from its 52-weeks low and moved down -72.08% from its 52-weeks high.  IBIO market cap has remained high, hitting $336.61 M at the time of writing.

    Akebia Therapeutics Inc. (NASDAQ: AKBA)

    Akebia Therapeutics Inc. (NASDAQ: AKBA) rose 0.81% after gaining more than $0.02 on Friday.  In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $2.34 and a high of $13.71. It has moved up 5.98% from its 52-weeks low and moved down -8191% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.30. This company’s market capitalization has remained high, hitting $347.50 million at the time of writing.

    Vaccinex Inc. (NASDAQ: VCNX)

    Vaccinex Inc. (NASDAQ: VCNX) stock drop by -1.10% to $1.79. The most recent rating by BTIG Research, on September 23, 2020, is at a Neutral. Vaccinex Inc. (VCNX) share price went from a low point around $1.70 to briefly over $12.23 in the past 52 weeks, though shares have since pulled back to $1.79. VCNX has moved up 5.29% from its 52-weeks low and moved down -85.36% from its 52-weeks high.  VCNX market cap has remained high, hitting $36.19M at the time of writing.

    Ocugen Inc. (NASDAQ: OCGN)

    Ocugen Inc. (NASDAQ: OCGN) rose 2.29% after gaining more than $0.0 on Friday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $0.17 and a high of $16.80. It has moved up 78.53% from its 52-weeks low and moved down -98.19% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 3.30. This company’s market capitalization has remained high, hitting $40.03 million at the time of writing.

    9 Meters Biopharma Inc. (NASDAQ: NMTR)

    9 Meters Biopharma Inc. (NMTR) last closed at $0.76, in a 52-week range of $0.37 to $1.22. 9 Meters Biopharma Inc. (NMTR) has moved up 106.59% from its 52-weeks low and moved down -37.33% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.30. This company’s market capitalization has remained high, hitting $101.25 million at the time of writing.

    Clovis Oncology Inc. (NASDAQ: CLVS)

    Clovis Oncology Inc. (NASDAQ: CLVS) stock soar by 3.25% to $5.88. The most recent rating by H.C. Wainwright, on May 18, 2020, is at a Buy. Clovis Oncology Inc. (CLVS) share price went from a low point around $2.93 to briefly over $17.37 in the past 52 weeks, though shares have since pulled back to $5.88. CLVS has moved up 100.68% from its 52-weeks low and moved down -66.15% from its 52-weeks high.  CLVS market cap has remained high, hitting $502.33M at the time of writing.

     

  • Stocks to Watch as China Industrial Data Uplifts Markets

    Stocks to Watch as China Industrial Data Uplifts Markets

    It’s a good start to the week for stock markets all across the world. In Europe, the German industrial indices are on the rise, uplifting the rest of the market with them, with the DAX currently up by over 2%. It’s the same scenario in the U.K and France where the FTSE 100 and the CAC 40 are up by 1.5% and 2% respectively.  U.S equities are headed for an equally good day if their pre-market price action is anything to go by.

    At the time of writing, the S&P 500 was up 1.35%, the Dow by 1.34%, and the NASDAQ by 1.68%. The excitement in the market is driven by positive data from China. Chinese data shows that industrial profits remain strong and that they have been on a growth path for four months in a row.

    According to the country’s statistical bureau, industrial profits increased by19.1% in August to 612.81 million yuan, compared to a similar month in 2019. This has created excitement across global markets that the COVID-19 slump in economic activity is not as bad as had been feared. As market optimism rises, stocks that have exciting news are rallying more than the rest of the market. Some of the top performers ahead of markets are as below:

    Piedmont Lithium Limited [NASDAQ: PLL]

    Piedmont Lithium Ltd is a top performer pre-market and is up by over 200%. This follows the company’s announcement that it had signed a lithium ore supply agreement with Tesla. Under the initial 5 year deal, the company will supply a third of the planned 160k tons of spodumene concrete annually from its site in North Carolina. The deal also has a clause for an extension for another 5 years. In a statement, the company stated that the deal was the first step in its supply of lithium in the U.S market. Deliveries are expected to begin in between July 2022 and July 2023.

    Urban One [NASDAQ: UONE]

    While its gains are not that huge, it is still one of the biggest gainers pre-market. This follows news about a pending patent for circle technology. If it continues its current momentum, it stands to be one of the big gainers at the start of the week.

    Oxbridge Re Holdings Limited [NASDAQ: OXBR]

    This is one of the biggest performers pre-market and is up by over 90%. There is no major news about the company, which makes it a momentum-driven move. If markets keep gaining in the day, it could gain big too.

  • Is MGM Resorts (NYSE: MGM) Stock Worth Buying?

    Is MGM Resorts (NYSE: MGM) Stock Worth Buying?

    MGM Resorts International (NYSE: MGM) has decided to increase the focus on online betting. The company had disclosed that due to COVID-19 restrictions all of its resort casinos were closed. The only source from where the company was making money was sports betting and gaming online casino and poker.

    When the casinos all around the country were closed due to the restrictions of the COVID-19, gaming giant MGM has also shifted its focus towards online gambling. Nevada’s report has disclosed that in March when the virus hit the US and cases were on peak online gaming focus increases 90%year-over-year.

    MGM has recently entered the era of digital technologies and they face tough competition from sports betting apps already working in the market. This online sector has seen a positive reaction of customers and saw a growth of $53 billion last year. The reason for this massive growth is that the coronavirus pandemic has shifted the focus of people to online and indoor activities. They preferred to engage with outside activities by staying at home.

    Draftkings and FanDuel have disclosed that they have recorded the increase in new customers signs up in the first week of the 2020 NFL season since fall 2015. This is the biggest changed the industry has ever experienced. George Kliavkoff, MGM Resorts’ president of entertainment and sports said that the DraftKings and FanDuel are the major competitors of the MGM Resorts International as they have a large customer base.

    George Kliavkoff revealed that MGM is planning to increase the customer experience to gain a competitive edge by providing special benefits like giving access to Lady Gaga and other residents shows. MGM has earlier partnered with Yahoo Sports that makes Yahoo Sports the official Digital Media Sports Partner of MGM Resorts.

    MGM Resorts International (NYSE: MGM) shares went up 4.29% at $22.10 during the trading session of Friday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $5.90 and a high of $34.63. It has moved up 274.57% from its 52-weeks low and moved down -36.19% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.50. This company’s market capitalization has remained high, hitting $10.45 billion at the time of writing.

    MGM Resorts International is planning to open publicly ticketed live entertainment venues in the next couple of months with the implementation of all social distancing rules. Kliavkoff is predicting that the Resort will see the increase in MGM’s sportsbooks as major league teams return. The MGM Resorts have shifted the focus to online betting because whether people will remain indoor or the country reopens in all case online gaming sector will always prosper.

  • SG Blocks Inc [SGBX] Rallies after LAX COVID-19 Test Centers Deal

    SG Blocks Inc [SGBX] Rallies after LAX COVID-19 Test Centers Deal

    SG Blocks Inc [NASDAQ: SGBX] is quite strong this Friday and is up by over 40% at the time of writing. This follows the company’s announcement that it was planning to build a modular COVID-19 testing centre for LAX. The company expects to have it done by the 1st of November 2020. The company stated that the test pods will include CLIA certified labs, and will also have the OSANG GeneFinder™ test that will allow it to give clients results in under 2 hours.

    The company further stated that the tests would be made with a partnership with Grimshaw. The most interesting aspect to the test pods is that they will be made using disused shipping containers, making them both safe and environmentally friendly. On top of that, the labs will have staff from Clarity Mobile Venture, which is a joint operation between Clarity Labs and SG Blocks.

    Commenting on the deal, SG Blocks CEO Paul Galvin stated that they are happy to be working with LAX in the quest to make air travel safe. He added that with COVID-19 becoming the new normal, accessibility of rapid testing was becoming essential. He added that the company was able to offer both services using its D-Tec testing pods, and Turnkey D-Tec. On his part, Grimshaw Chairman Andrew Whalley stated that the D-Tec system was flexible and allowed for a fully operational lab to be used at the exact locations where samples are needed.

    The LAX deal deepens the market presence of SG Blocks Inc as a world-class leader in the development of use-of-code engineered shipping containers, that are safe to use and environmentally sustainable. This is likely to drive the demand for its products both now and in the long run.

    One key aspect to the market that could see it record exponential growth is the ever-increasing challenge of the COVID-19 pandemic. Until a vaccine is found and widely deployed, testing remains one of the best ways to control the spread of the pandemic. In essence, with the LAX deal in position, the company is in pole position to land similar deals with other airports and company installations. This could see the company grow revenues grow to new heights in the near-term and see an increase in its stock price in the near-term. This makes it one of the high potential stocks to keep an eye on in the near-term.

    About SG Blocks Inc

    SG Blocks Inc is a container design and fabrications company.  It is based in Brooklyn, New York.

     

  • 12 Trending Stocks In Entertainment Industry You Should Invest In

    12 Trending Stocks In Entertainment Industry You Should Invest In

    Entertainment has grown as an industry with an increased income and time available for leisure and recreation. This industry is best known for its ability to adapt to new and reflect quickly changing customer tastes. Working in the entertainment industry is challenging and exciting as new changes and trends evolve with the passage of time. The growth of the entertainment industry is directly proportional to the development of a modern economy and rising economic productivity.

    With the increase in technology and demands for entertainment products and services led to the creation of more innovations in this industry. The entertainment industry is continuously changing and has experienced major transformations with evolving trends.

    Let’s see the following companies to see how they are following new markets trends to keep pace with other companies in the market:

    Genius Brands International Inc. (NASDAQ: GNUS)

    Genius Brands International Inc. (NASDAQ: GNUS) shares were trading down -6.31% at $1.04 at the time of writing on Thursday. Genius Brands International Inc. (NASDAQ: GNUS) share price went from a low point around $0.05 to briefly over $11.73 in the past 52 weeks, though shares have since pulled back to $1.04. GNUS market cap has remained high, hitting $189.98M at the time of writing, giving it a price-to-sales ratio of more than 30.

    Genius Brands International Inc. has revealed earlier that Marc Rosenberg has been named as the President of Global Brands and Chief Marketing Officer. Marc is one of the most well-respected marketers in the children’s space.

    Comcast Corporation (NASDAQ: CMCSA)

    Comcast Corporation (CMCSA) last closed at $45.70, in a 52-week range of $31.70 to $47.74. Analysts have a consensus price target of $49.32. Comcast Corporation (CMCSA) revealed earlier that Amy Banse, Executive Vice President of Comcast and Managing Director and Head of Funds for Comcast Ventures, is retiring after nearly three decades at Comcast. The company has also announced that it has signed an agreement with REVOLT to significantly expand its availability to Xfinity TV customers across the country in new and existing markets.

    Cinemark Holdings Inc. (NYSE: CNK)

    Cinemark Holdings Inc. (NYSE: CNK) shares headed falling, lower as much as -5.33%. The most recent rating by The Benchmark Company, on August 20, 2020, is at a Buy. Cinemark Holdings Inc. (CNK) has reopened approximately 75 percent of its U.S. circuit and has received positive customer feedback. Ninety-seven percent of Cinemark moviegoers surveyed expressed satisfaction with Cinemark protecting their health and safety.

    Roku Inc. (NASDAQ: ROKU)

    Roku Inc. (NASDAQ: ROKU) fall -4.80% after losing more than -$8.98 on Thursday. Roku Inc. (ROKU) has earlier announced that it has added NBC’s Peacock in its platform. Peacock provides access to more than 20,000 hours of on-demand movies and shows, as well as live news and sports programming, from NBCUniversal and beyond. This company market capitalization has remained high, hitting $22.81 billion at the time of writing.

    The Walt Disney Company (NYSE: DIS)

    The Walt Disney Company (NYSE: DIS) last closed at $122.49, in a 52-week range of $79.07 to $153.41. Analysts have a consensus price target of $134.91. The Walt Disney Company (DIS) will lose its option to buy a plot of land next to its Hong Kong theme park that was to allow for future expansion after the city’s government said on Wednesday it would not extend the option due to current economic conditions.

    Discovery Inc. (NASDAQ: DISCA)

    Discovery Inc. (NASDAQ: DISCA) rose 0.95% after gaining more than $0.2 on Thursday. Discovery Inc. (DISCA) announced the expiration date results of its earlier revealed transaction to purchase five series of outstanding senior notes issued by its wholly-owned subsidiary, Discovery Communications, LLC. This company market capitalization has reminded high, hitting $10.35 billion at the time of writing.

    Discovery Inc. (DISCK)

    Discovery Inc. (DISCK) last closed at $19.19, in a 52-week range of $15.43 to $31.20. Analysts have a consensus price target of $24.33.  Discovery Inc. (DISCK) announced the expiration date results of its earlier revealed transaction to purchase five series of outstanding senior notes issued by its wholly-owned subsidiary, Discovery Communications, LLC.

    Live Nation Entertainment Inc. (NYSE: LYV)

    Live Nation Entertainment Inc. (NYSE: LYV) stock drop by -0.84% to $50.91. The most recent rating by Berenberg, on March 31, 2020, is at a Hold. Live Nation Entertainment Inc. (LYV) has earlier announced several initiatives to encourage civic engagement and support access to voting in the 2020 elections. This company market capitalization has remained high, hitting 11.37 billion at the time of writing.

    DISH Network Corporation (NASDAQ: DISH)

    DISH Network Corporation (NASDAQ: DISH) shares headed falling, lower as much as -0.05%. The most recent rating by BofA/Merrill, on March 12, 2020, is at a Buy. DISH Network Corporation (DISH) has earlier chosen inventory and service order management software from Blue Planet, a division of Ciena, to intelligently automate its 5G wireless network.

    ViacomCBS Inc. (NASDAQ: VIAC)

    ViacomCBS Inc. (NASDAQ: VIAC) stock soar by 1.15% to $29.15. The most recent rating by Wells Fargo, on August 27, 2020, is at an Equal-weight. ViacomCBS Inc. (VIAC) share price went from a low point around $10.10 to briefly over $43.04 in the past 52 weeks, though shares have since pulled back to $29.15. VIAC market cap has remained high, hitting $18.15 billion at the time of writing.

    AMC Entertainment Holdings Inc. (NYSE: AMC)

    AMC Entertainment Holdings Inc. (NYSE: AMC) stock drop by -3.56% to $4.61. The most recent rating by B. Riley FBR, on September 14, 2020, is at a Neutral. AMC Entertainment Holdings Inc. (AMC) has moved up 136.41% from its 52-weeks low and moved down -58.60% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 0.40. This company market cap has remained high, hitting $508.39 Million at the time of writing.

    Netflix Inc. (NASDAQ: NFLX)

    Netflix Inc. (NASDAQ: NFLX) shares headed rising, higher as much as 0.52%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Netflix Inc. (NFLX) share price went from a low point around $253.70 to briefly over $575.37 in the past 52 weeks, though shares have since pulled back to $473.08. NFLX market cap has remained high, hitting $208.74 billion at the time of writing.

     

  • 3 High Potential Stocks to Watch this Morning

    3 High Potential Stocks to Watch this Morning

    The U.S markets are set for a weak close to the week, as indicators continue to point to a weak economy. Yesterday, unemployment data came out indicating that last week, 870k Americans filed for unemployment claims. While it is good since this is the fourth week that unemployment numbers have stayed below a million, it still points to a weakened economy.

    According to an economist from ING, James Knightley, the peak of unemployment claims during the 2008 economic crisis was 665,000. Essentially this means that at this point in the current crisis, the number of unemployment claims is still more than two hundred thousand higher than during the last financial crisis. Such high numbers are happening at a time when the number of COVID-19 cases continues to rise in the U.S. Recently, the U.S COVID-19 deaths hit 200k, and things could worsen until a vaccine is found. To make things worse, there are no guarantees that the U.S government will approve of a bailout plan any time soon.

    Democrats are working on a $2.2 trillion bailout plan, which is higher than what Republicans are likely to agree too. Coupled with the fact that the U.S is going into an election in weeks, chances of a deal appear slimmer. Despite the subdued outlook for the day, there are stocks that are doing quite well in the day. Some of the top performers this morning are as below:

    CBAK Energy Technology Inc [NASDAQ: CBAT]

    CBAK Energy Technology Inc is a top performer pre-market and is up by over 100%. This is largely a price action move and comes days after the company announced that it had won the bid for the Haier project and also grown its presence in the smart home market.  Commenting on these developments, CEO Yunfei Li stated that the company had extensive experience in the making of Lithium-Ion batteries and that they were leveraging it to make a breakthrough in the appliance sector.

    Great Elm Capital Group Inc [NASDAQ: GEC]

    Great Elm Capital Group Inc is another top performer pre-market and is up by over 20%.  This too is largely momentum-driven and comes a week after the company released strong quarterly and full-year results for 2020. The company reported that in Q4 of 2020, the company’s revenues rose by 7.9% despite tough times occasioned by the COVID-19 pandemic.

    TAT Technologies Ltd [NASDAQ: TATT]

    TAT is big gainer pre-market and is up by over 50%. This is a momentum-based price action move, as there is no major stock-related news this morning.

  • Tesla (NASDAQ: TSLA) Claims Nikola Steal Its Truck Design

    Tesla (NASDAQ: TSLA) Claims Nikola Steal Its Truck Design

    Tesla Inc. (NASDAQ: TSLA) revealed that Nikola Corporation ()NASDAQ: NKLA) has copied the truck design of Tesla from Adriano Mudri, a director of design at the automotive company. Nikola Corporation is in a legal battle with Tesla Inc. as it earlier claimed that Tesla has copied the design of the Nikola One concept. But now the electric car maker is striking back the Nikola Corporation and filed a lawsuit in the US district court.

    Nikola Corporation has earlier obtained the patent for the design of a few features of its Nikola Truck it has launched in 2016, a year before Tesla has revealed its own electric truck.  Nikola is demanding $2 billion in damages from Tesla. But Tesla denied the claim and said that the patent which Nikola has obtained is not valid as it is failed to reveal that some of the Nikola One’s features were designed by Adriano Mudri.

    The electric car maker has issued the statement and revealed that the Adriano Mudri is the designer of the Road Runner concept trucks which is a hydrogen-power concept truck. Tesla said that Trevor Milton has contacted Adriano Mudri during 2014 and or /2015 and he was aware of the design of the roadrunner truck which has similar features as Nikola one.

    Tesla argued that Trevor Milton has deceiving intent in not naming Mudri as an inventor in the patent application. The company also claimed that the patent office wouldn’t have issued the patent if they would have been aware that some features were based on a prior design by Mudri.

    Shares of Tesla Inc. (NASDAQ: TSLA) went up 1.95% at $387.79 during the trading session of Thursday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low range of $43.67 and a high range of $502.49. It has moved up 787.96% from its 52-weeks low and moved down -22.83% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.20. Tesla Inc. has a total market capitalization of $346.05 billion at the time of writing.

    Earlier, Hindenburg’s research has also claimed in a report that Nikola Corporation has made a series of false public statements. The research report also claimed that the company has deceived the public with the video called ‘Nikola One in Motion.’ But the Nikola Corporation has denied the accusation. Furthermore,  CEO Trevor Milton has also resigned from his position to defend himself against the claim made by Hindenburg research.