STOCKS TELEGRAPH

Author: ST Staff

  • Is It Right Time To Buy Goldman Sachs (NYSE: GS) Stock?

    Is It Right Time To Buy Goldman Sachs (NYSE: GS) Stock?

    The Goldman Sachs Group, Inc. (NYSE: GS) shares traded up 4.83% after UBS analyst upgraded the Goldman Sachs stock to ‘buy’ from neutral and lifted the price target to $245 from $220. Goldman Sachs is considered to be the best performing bank during the year of unprecedented challenges. Being a bank investor in 2020 has been a challenge but there is a period of relief on the way. Analysts are positive about the current growth of Goldman Sachs.

    Goldman Sachs has earlier decided to make its business more efficient and profitable. The bank got benefit from the increased trading activity this year as markets have been especially volatile. But the bank management has doubt that there might be the chance that the gains in trading are not permanent. But because of its trading and underwriting activities which are its main strengths according to UBS analyst Brennan Hawken has filled the gap as it is continuously trying to become more efficient by growing newer businesses and cutting costs materialize.

    Brennan Hawken further added that Goldman Sachs is currently generating the strong results which have continued in the third quarter and the potential volatility in the result of the upcoming election will make its fourth quarter more strong. Furthermore, he said: “In 2021 we anticipate the efficiency efforts from strategic plans of Goldman Sachs to begin to impact the P&L, driving down the efficiency ratio, leading to the upside to earnings forecasts.”

    If we look at the Thursday’s trading session of Goldman Sachs, its share price went from a low point around $130.85 to briefly over $250.46 in the past 52 weeks, though shares have since pulled back to $195.11. It has moved up 49.11% from its 52-weeks low and moved down -22.10% from its 52-weeks high. The Goldman Sachs, Inc. market cap has remained high, hitting $67.12 at the time of writing.

    Goldman Sachs CEO David Solomon has revealed that he spent most of his time in the office at the peak of the coronavirus pandemic. He revealed that he didn’t make a random decision after waking up that today he is going to spend the whole day in the office. He said: “It is the right message that the captain was kind of hands-on the wheel of the ship.”

    GS has announced that it has decided to extend a 400 million reais ($72.61 million) credit line to finance e-commerce firm MercadoLibre in giving loans to small and mid-sized companies in Brazil. The bank revealed that the credit line is one of the biggest it has offered to small startups in Brazil. Earlier year, GS extended a $125 million loan to MercadoLibre in Mexico.

    GS is scheduled to share third-quarter earnings next month, which will certainly give investors new information to digest. But Hawken is looking forward to seeing the bank’s fourth-quarter earnings call early next year. Analysts believe that this is the right time to buy the stock of Goldman Sachs.

  • Top 15 Trending Stocks In Utilities Industry

    Top 15 Trending Stocks In Utilities Industry

    The utility sector consists of those companies that provide natural gas, electricity, water, and other services to businesses and homes. Some companies are involved in the production of natural gas and electricity to commercial residential and industrial customers. Few companies which come under this industry are working in Gas utilities, power generation, electric utilities, and Mining segments. These companies are embracing the new trends that position them in the new era of growth.

    This year is expected to bring new opportunities and challenges for many businesses. Market opportunities are opening for the new emerging businesses. The utility diversified industry continues to transform. Now the businesses are well into a period of change driven by technological and competitive forces, as well as changing customer expectations.

    Here are the few companies in the utility diversified industry sector. Let’s take a quick look how they are following new trends:

    The AES Corporation (AES)

    The AES Corporation (AES) last closed at $17.96, in a 52-week range of $8.11 to $21.23. Analysts have a consensus price target of $19.44. The AES Corporation today revealed the opening of the Smart Operations Center in Ohio, the first of its kind in the United States. It has opened a new era of innovative energy solutions. This company market capitalization has remained high, hitting $11.72 billion at the time of writing.

    FirstEnergy Corp. (NYSE: FE)

    FirstEnergy Corp. (NYSE: FE) stock soar by 2.10% to $28.16. The most recent rating by RBC Capital Mkts, on September 03, 2020, is at an Outperform. FirstEnergy Corp. (FE) has received recognition from the Edison Electric Institute (EEI) for excellence in providing superior service to multisite National Account customers, such as big-box retailers and major restaurant chains. This company market capitalization has remained high, hitting $15.71 at the time of writing.

    Exelon Corporation (NASDAQ: EXC)

    Exelon Corporation (NASDAQ: EXC) shares headed rising, higher as much as 0.96%. The most recent rating by BofA Securities, on August 17, 2020, is at an Underperform. Exelon Corporation (EXC) has also chosen 30 companies to its 2020 D&I Honor Roll, which includes partners in banking, insurance, IT, legal, professional services, and investments for their work to include women and people of color in key roles on Exelon’s account teams, as well as additional efforts that recognize the value of D&I. This company market capitalization has remained high, hitting $34.75 billion at the time of writing.

    Dominion Energy Inc. (D)

    Dominion Energy Inc. (D) last closed at $76.31, in a 52-week range of $57.79 to $90.89. Analysts have a consensus price target of $81.85. The Dominion Energy Christmas Parade has officially revealed its decision to host a televised-only event due to the ongoing COVID-19 pandemic. Viewers can be able to tune in to watch the 37th annual Christmas Parade exclusively on WTVR CBS6 on Saturday, Dec. 5 from 10 a.m. to noon or watch the rebroadcast on Christmas Day. It has a total market capitalization of $65.66 billion at the time of writing.

    Public Service Enterprise Group Incorporated (NYSE: PEG)

    Public Service Enterprise Group Incorporated (NYSE: PEG) rose 2.99% after gaining more than $1.55 on Thursday. The centerpiece of Public Service Electric and Gas Co.’s (PSE&G) landmark Clean Energy Future proposal has received approval earlier by the New Jersey Board of Public Utilities (BPU). This company has a market capitalization of $27.52 billion at the time of writing.

    South Jersey Industries Inc. (NYSE: SJI)

    South Jersey Industries Inc. (NYSE: SJI) Shares headed rising, higher as much as 1.24%. The most recent rating by Mizuho, on July 24, 2020, is at a Neutral. South Jersey Industries Inc. (SJI) revealed that the New Jersey Board of Public Utilities (NJBPU) approved changes to its base rates, as well as other rates including those related to the Company’s accelerated infrastructure programs. This company market capitalization has remained high, hitting $1.98 billion at the time of writing.

    Entergy Corporation (NYSE: ETR)

    Entergy Corporation (NYSE: ETR) rose 0.64% after gaining more than $0.61 on Thursday. Entergy Corporation (ETR) revealed earlier it is accelerating its climate action goals with a commitment to achieving net-zero carbon emissions by 2050. The company also confirmed its continued commitments to grid reliability and affordability for customers.

    Avista Corporation (NYSE: AVA)

    Avista Corporation (NYSE: AVA) stock soar by 0.15% to $33.41. The most recent rating by BofA Securities, on September 22, 2020, is at a Neutral. Avista Corporation (AVA) has revealed the initial findings from its investigations. Avista’s investigation has revealed that the primary cause of the fires in its region was extremely high winds, a weather event that triggered wildfires and affected electric utilities throughout the Pacific Northwest.

    Black Hills Corporation (NYSE: BKH)

    Black Hills Corporation (NYSE: BKH) shares headed rising, higher as much as 0.76%. The most recent rating by Sidoti, on May 21, 2020, is at a Buy. BKH revealed the appointment of Barry M. Granger and Scott M. Prochazka to its board of directors, effective Oct. 1, 2020. In anticipation of future retirements, the board also temporarily increased the size of the board from 10 to 12 directors.

    NorthWestern Corporation (NYSE: NWE)

    NorthWestern Corporation (NYSE: NWE) rose 0.77% after gaining more than $0.37 on Thursday. NorthWestern Corporation (NWE) revealed that it is transferring its stock exchange listing from The New York Stock Exchange after the end of trading on September 30, 2020, to The Nasdaq Global Select Market (Nasdaq).

    Orbital Energy Group Inc. (NASDAQ: OEG)

    Orbital Energy Group Inc. (NASDAQ: OEG) shares were trading up 31.59% at $0.68 at the time of writing on Thursday. Orbital Energy Group Inc. (OEG) share price went from a low point around $0.45 to briefly over $1.32 in the past 52 weeks, though shares have since pulled back to $0.68. OEG market cap has remained high, hitting $21.33M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Sempra Energy (SRE)

    Sempra Energy (SRE) stock soar by 1.08% to $115.74. The most recent rating by Wells Fargo, on August 17, 2020, is at an Equal-weight. Sempra Energy (SRE) share price went from a low point around $ 88.00 to briefly over $161.87 in the past 52 weeks, though shares have since pulled back to $115.74. SRE market cap has remained high, hitting $33.77 billion at the time of writing.

    ALLETE Inc. (NYSE: ALE)

    ALLETE Inc. (NYSE: ALE) last closed at $50.94, in a 52-week range of $48.22 to $88.60. Analysts have a consensus price target of $64.50. It has moved up 5.64% from its 52-weeks low and moved down -42.51% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 0.30. This company market cap has remained high, hitting $2.63 billion at the time of writing.

    MGE Energy Inc. (NASDAQ: MGEE)

    MGE Energy Inc. (NASDAQ: MGEE) last closed at $61.90, in a 52-week range of $47.19 to $83.26. Analysts have a consensus price target of $63.50.  MGE Energy Inc. share price went from a low point around $47.19 to briefly over $83.26 in the past 52 weeks, though shares have since pulled back to $61.90. MGEE market cap has remained high, hitting $2.29 billion at the time of writing.

    Otter Tail Corporation (OTTR)

    Otter Tail Corporation (OTTR) stock soar by 0.81% to $36.09. The most recent rating by Sidoti, on August 05, 2020, is at a Buy. Otter Tail Corporation (OTTR) share price went from a low point around $30.95 to briefly over $57.74 in the past 52 weeks, though shares have since pulled back to $36.09. OTTR market cap has remained high, hitting $1.50 billion at the time of writing.

     

  • Darden Restaurants (NYSE: DRI) Announces Fiscal 2021 First Quarter Result

    Darden Restaurants (NYSE: DRI) Announces Fiscal 2021 First Quarter Result

    Darden Restaurants, Inc. (NYSE: DRI) shares went up 8.12% after it gains +7.31 on Thursday after the company has shared the financial results for the quarter ending August 30, 2020. The company has reported the quarterly earnings of $0.56 per share, surpassing the Zack Consensus Estimate of $0.05.

    Darden has recorded the sales of $1.53 billion, with a decrease of 28.4% driven by negative blended same-restaurant sales of 29.0%. If we look at the same-restaurants sales by segment, this company has reported the sales of 28.2% for Olive Garden, 39.1% for Fine Dining, 18.1% for longhorn steakhouse, 39.0% for other business.

    Darden Restaurants has recorded the diluted net earnings per share from continuing operations of $0.28 as compared to the diluted net earnings per share of $1.38.  Its Adjusted net earnings per share from continuing operations is $0.56 after excluding the $0.28 corporate restructuring cost. On the other hand, its reported diluted net earnings per share of $1.38.

    The company has improved its cash flow in the quarter as it repaid its $270 million term loan on August 10, 2020. Darden Restaurants now has access to $1.4 billion of liquidity with $655 million of cash on hand and $750 million available through its credit facility.

    Darden Restaurants gave the financial overview for the second quarter of fiscal 2021. It has estimated the total sales of approximately 82% of the previous year. EBITDA of $200 to $215 million. Diluted net earnings per share from continuing operations of $0.65 to $0.75.

    Darden Restaurants, Inc. (NYSE: DRI) shares traded up 8.12% at $97.31 during the trading session of Thursday. In the past 52-weeks of trading, this company’s share fluctuated between the low range of $26.15 and a high range of $124.01. It has moved up 272.12% from its 52-weeks low and moved down -21.53% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 0.60. This company market capitalization has remained high, hitting $12.89 billion at the time of writing.

    The owner of Olive Garden and LongHorn Steakhouse restaurant has disclosed that the sales dropped 28% across its chain through late August. The Darden has restarted the operations at limited locations the main focus of the company is outdoor dining. Management has positive views for the company’s growth with the improvement in cash flows. The improving financial result convinced executives to reinstate the quarterly dividend payment that Darden halted as the pandemic struck in early March.

     

     

     

  • Why Net Element Inc [NETE] is The Stock to Watch over the Next Decade

    Why Net Element Inc [NETE] is The Stock to Watch over the Next Decade

    Net Element Inc [NASDAQ:NETE] is in breakout this afternoon. Though it is still volatile at the moment, today’s price move has seen it clear the losses from the last two months. The huge bullish reversal move follows the company’s announcement that Mullen, an electric car company that it recently announced a merger with was launching an electric car manufacturing facility.

    The pilot facility is for the assembly of the MX-05, an electric SUV that will be completed in April next year.  Mullen also announced that customers can start taking pre-orders for the SUV, and they would start at a price of $55k. The two companies recently merged in an all-stock deal that would see Mullen’s investors get the majority of the outstanding shares.

    The deal is huge for Net Element investors because it means they stand to benefit from the huge value increase that will come with the sale of the MX-05. Mullen has already announced that it would start taking pre-orders for the SUV on 1st October this year.

    The company has also announced it would start the transformation of its California-based research and development facility into a state-of-the-art facility for the SUVs. The upgrade is expected to start in October as well. According to Mullen CEO David Michery, the company was happy to start the construction of the pilot facility and also start taking pre-orders for its electric SUV.

    He added that the vehicles would be for homologation that that would take 16 months and get completed in May of 2022 when the company expects to start selling its first vehicle to the public.

    Besides, the excitement that often comes with such news, Mullen’s plans for an electric SUV stands to benefit both Mullen and NETE element investors in the long run, and it stands to reflect in the stock price. That’s because the demand for EV’s stands to grow as governments continue to make favourable policies.

    Yesterday, the Governor of California stated that the State intended to ban the sale of emitting cars by the year 2035. Automatically, this means that the demand for electric vehicles is set to keep growing over the next decade. Companies like Mullen that are already taking steps in this direction are likely to grow market share and revenues and peak as the ban on fossil fuel energy takes effect.

    About Net Element Inc

    Net Element Inc is a financial technologies company. It is headquartered in Miami Beach, Florida.

  • Intuit Inc. (NASDAQ: INTU) Introduces Omnichannel Sales Platform QuickBooks Commerce

    Intuit Inc. (NASDAQ: INTU) Introduces Omnichannel Sales Platform QuickBooks Commerce

    Intuit Inc. (NASDAQ: INTU) stock saw an increase of 1.39% in its share price. The company’s strong performance indicates the positive sentiments by investors after it announced that it has launched, Quickbooks commerce, a new online business platform. The company aimed to help small businesses by introducing a new platform that helps them attract and sell to new customers across multiple channels.

    Quickbooks e-commerce is a platform that combines the different channels into one central hub for small businesses. The new platform will help small businesses to grow their business. Businesses will be able to access multiple channels, manage orders and fulfillment, sync inventory, receive insights about business profitability, and avoid out of stocks issues.

    QuickBooks Commerce arrives at times of need. Earlier, it is difficult for small businesses to keep the track of all the channels but this new platform helps the businesses to know what their customers want to buy, whether they want to buy by physically visiting shops or they need online shops. Quickbooks is an open channel platform. Through this channel, the small businesses can coordinate with existing channels and can also increase their reach to the new one.

    Intuit Inc. (NASDAQ: INTU) shares were trading up 1.39% after it gained +4.23 at the time of writing on Thursday. Intuit Inc. (INTU) share price went from a low point around $187.68 to briefly over $360.00 in the past 52 weeks, though shares have since pulled back to $309.16. Intuit market cap has remained high, hitting $81.72 billion at the time of writing.

    QuickBooks Commerce gives an opportunity for small businesses to access millions of new customers. This Open platform creates a single hub for preferred marketplaces and business solutions including sales from Amazon, Squarespace, ShopKeep reconcile within QuickBooks’ technology.

  • 10 Trending Stocks In Electrical Equipment Industry

    10 Trending Stocks In Electrical Equipment Industry

    Electrical Equipment Industry is engaged in the production of a wide range of products for a diverse customer base. The workforce of today’s electrical equipment industry has possessed different skills as compared to the workforce in earlier years. The companies which are involved in the production of electrical equipment and its part has specialized skills in this sector. They are adopting new technologies to provide the best experience to customers.

    The demand for the electrical equipment industry is expected to increase in the next several years. With the advancement of new technologies, this industry is also evolving rapidly. Here are the few companies which are following new market trends to increase their global reach:

    CBAK Energy Technology Inc. (NASDAQ: CBAT)

    CBAK Energy Technology Inc. (CBAT) stock drop by -4.35% to $0.88. CBAK Energy Technology Inc. (CBAT) has successfully entered into the supplier base of Haier Group and won the bidding for the Haier project in the smart home market. CBAK Energy Battery is going to help Haier build the Intelligent manufacturing information system, produce more favorable home appliances by consumers and the products fit their lifestyle better. This company market capitalization has remained high, hitting $55.07 million.

    Plug Power Inc. (NASDAQ: PLUG)

    Plug Power Inc. (PLUG) last closed at $12.07, in a 52-week range of $2.32 to $14.35. Analysts have a consensus price target of $13.34. Plug Power Inc. (PLUG) revealed that it has signed a memorandum of understanding (MOU) for the demonstration of Plug Power’s ProGen fuel cell engine in Class 6 and Class 8 vehicles, which will be used by Linde for delivery of products. The company has also named Corine Dubruel as the Vice President and Managing Director, Europe. She will use her experience to strengthen the company’s position in Europe.

    DPW Holdings Inc. (AMEX: DPW)

    DPW Holdings Inc. (AMEX: DPW) rose 10.61% after gaining more than $0.19 on Wednesday. DPW Holdings Inc. (DPW) has revealed that its subsidiary It’sLikeFashion.com, Inc. has successfully completed the beta testing of its online platform. The company is also expecting to report the revenue from Its LikeFashion in the fourth quarter of 2020. This company’s total market capitalization is $21.30 million at the time of writing.

    Ocean Power Technologies Inc. (NASDAQ: OPTT)

    Ocean Power Technologies Inc. (NASDAQ: OPTT) last closed at $0.91, in a 52-week range of $0.33 to $1.97.  Ocean Power Technologies Inc has entered into a Common Stock Purchase Agreement with Aspire Capital Fund, LLC to sell up to $12.5 million in common stock to Aspire Capital over a term of 30 months. The company will use the profit of this agreement to build additional PowerBuoys as needed to meet potential market demand, to further advance the development of new products and solutions, and for other general corporate purposes.

    FuelCell Energy Inc. (NASDAQ: FCEL)

    FuelCell Energy Inc. (NASDAQ: FCEL) shares headed falling, lower as much as -9.72%. The most recent rating by Craig Hallum, on June 12, 2020, is at a Sell. FuelCell Energy Inc. (FCEL) revealed that the Company’s reversible solid oxide project has been selected by the U.S. Department of Energy (DOE) to receive funding support in the amount of $3.0 million. If we look at the liquidity, this company current ratio is 2.70. It has a market capitalization of $502.20 million at the time of writing.

    GrafTech International Ltd. (NYSE: EAF)

    GrafTech International Ltd. (NYSE: EAF) last closed at $7.14, in a 52-week range of $5.56 to $14.84. Analysts have a consensus price target of $8.90. GrafTech International Ltd. (EAF) has earlier published its inaugural Sustainability Report. The report showed progress towards a better understanding of the company’s environmental, social, and governance (ESG) impacts.

    Polar Power Inc. (NASDAQ: POLA)

    Polar Power Inc. (NASDAQ: POLA) shares were trading up 11.63% at $1.92 at the time of writing on Wednesday. Polar Power Inc. (NASDAQ: POLA) share price went from a low point around $0.95 to briefly over $4.96 in the past 52 weeks, though shares have since pulled back to $1.92. POLA market cap has remained high, hitting $20.24M at the time of writing, giving it a price-to-sales ratio of more than 1. If we look at the recent analyst rating POLA, ROTH Capital downgraded coverage on POLA shares with a Neutral rating.

    Bloom Energy Corporation (BE)

    Bloom Energy Corporation (BE) stock drop by -9.77% to $15.24. The most recent rating by Raymond James, on February 20, 2020, is at an Mkt perform. Bloom Energy Corporation (BE) stock fluctuated between the 52-weeks low and high range of $2.44 and a high of $19.67, respectively. It has traded up 524.59% from its 52-weeks low and traded down -22.42% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $1.50.

    Pioneer Power Solutions Inc. (NASDAQ: PPSI)

    Pioneer Power Solutions Inc. (NASDAQ: PPSI) shares headed falling, lower as much as -5.11%. The most recent rating by ROTH Capital, on October 29, 2015, is at a Buy. Pioneer Power Solutions Inc. (PPSI) share price went from a low point around $0.90 to briefly over $5.67 in the past 52 weeks, though shares have since pulled back to $1.45. PPSI market cap has remained high, hitting $11.13 Million at the time of writing.

    Vertiv Holdings Co. (NYSE: VRT)

    Vertiv Holdings Co. (NYSE: VRT) fall -1.41% after losing more than -$0.24 on Wednesday. Vertiv Holdings Co. (VRT) stock fluctuated between the 52-weeks low and high range of $4.75 and a high of $18.00, respectively. It has traded up 248.21% from its 52-weeks low and traded down -8.11% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $1.50.

     

  • Top 12 Trending Stocks In Broadcasting Industry That Need Your Attention

    Top 12 Trending Stocks In Broadcasting Industry That Need Your Attention

    Technology advancements will definitely continue this year in a host of industries and it seems like the broadcasting industry is one of them. This technology will accept and utilize those opportunities that these technologies will provide. The world is dynamic and so is the technology. It has brought various changes in almost every industry.

    The broadcasting industry is best known for its ability to adapt to and reflect quickly changing customer tastes. The trend which has gained attention in this industry is the merger of social broadcasting with Artificial Intelligence. If AI continues to grow, the two-way communication will hold a lot of promises for the broadcasting industry.

    Let’s take a quick look at the top best-performing companies in the broadcasting industry and see how they adopt new trends:

    Sirius XM Holdings Inc. (NASDAQ: SIRI)

    Sirius XM Holdings Inc. (NASDAQ: SIRI) shares were trading down -2.14% at $5.02 at the time of writing on Wednesday. Sirius XM Holdings Inc. (NASDAQ: SIRI) share price went from a low point around $4.11 to briefly over $7.40 in the past 52 weeks, though shares have since pulled back to $5.02. SIRI market cap has remained high, hitting $22.42B at the time of writing, giving it a price-to-sales ratio of more than 2.

    SiriusXM and The National Football League (NFL) have expanded their satellite broadcasting agreement to include additional streaming rights starting this 2020 season. If we look at the recent analyst rating SIRI, The Benchmark Company upgraded coverage on SIRI shares with a Buy rating and a $6.84 price target, which implies room for 1.82% upside momentum this year.

    AMC Networks Inc. (NASDAQ: AMCX)

    AMC Networks Inc. (NASDAQ: AMCX) shares headed falling, lower as much as -2.82%. The most recent rating by Macquarie, on August 07, 2020, is at an Outperform. AMC Networks Inc. (AMCX) revealed that it has decided to start a ‘modified Dutch auction’ tender offer to purchase up to $250 million in value of its outstanding Class A common stock, par value $0.01 per share, at a price per Class A share of not less than $22.50 and not greater than $26.50. This company market capitalization has remained high, hitting $1.25 billion at the time of writing.

    Entercom Communications Corp. (NYSE: ETM)

    Entercom Communications Corp. (NYSE: ETM) last closed at $1.38, in a 52-week range of $0.75 to $5.22. Analysts have a consensus price target of $1.80. Entercom Communications Corp. (ETM) will broadcast the fourth annual “I’m Listening,” a live national program that brings together artists, athletes, and medical specialists to raise awareness and end the stigma of talking about mental health. This company market capitalization has remained high, hitting $187.83 million at the time of writing.

    Fox Corporation (NASDAQ: FOX)

    Fox Corporation (NASDAQ: FOX) stock drop by -3.60% to $25.98. Fox Corporation (FOX) FOX News Digital has experienced record-breaking engagement across all key performance indicators from Jun’20 to Aug’20. The digital network also completed the month with its strongest performance of any August on record and led the news competition in multiplatform minutes for the month.

    TEGNA Inc. (NYSE: TGNA)

    TEGNA Inc. (NYSE: TGNA) fall -1.79% after losing more than -$0.21 on Wednesday. TEGNA Inc. (TGNA) revealed today that its people and stations have received seven Broadcasting+Cable Awards, which recognize the local television industry’s most powerful, innovative, and engaging content and programming in news, public affairs, and community relations. This company’s market capitalization has remained high, hitting $2.52 billion at the time of writing.

    Sinclair Broadcast Group Inc. (NASDAQ: SBGI)

    Sinclair Broadcast Group Inc. (NASDAQ: SBGI) last closed at $19.35, in a 52-week range of $10.57 to $44.15. Analysts have a consensus price target of $23.81. Sinclair Broadcast Group Inc. (SBGI) honored President and Chief Executive Officer Christopher Ripley for being awarded The Daily Record’s Most Admired CEO Award. He has been recognized for his leadership and strong vision.

    News Corporation (NASDAQ: NWSA)

    News Corporation (NASDAQ: NWSA) stock drop by -3.39% to $14.24. The most recent rating by JP Morgan, on July 22, 2020, is at a Neutral. News Corporation (NWSA) share price went from a low point around $7.90 to briefly over $15.90 in the past 52 weeks. News Corporation’s market cap has remained high, hitting $8.14 billion at the time of writing.

    Grupo Televisa S.A.B. (NYSE: TV)

    Grupo Televisa S.A.B. (NYSE: TV) fall -1.12% after losing more than -$0.07 on Wednesday. Grupo Televisa S.A.B. (TV) stocks fluctuated between the 52-weeks low range of $4.65 and a 52-weeks high range of $12.60. It has moved up 34.52% from its 52-weeks low and moved down -50.38% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $3.60 billion at the time of writing.

    Urban One Inc. (NASDAQ: UONE)

    Urban One Inc. (NASDAQ: UONE) stock soar by 9.52% to $4.14. Urban One Inc. (UONE) share price went from a low point around $0.95 to briefly over $54.16 in the past 52 weeks. It has moved up 306.92% from its 52-weeks low and moved down -92.87% from its 52-weeks high. Urban One Inc.’s market cap has remained high, hitting $6.55 million at the time of writing.

    Urban One Inc. (NASDAQ: UONEK)

    Urban One Inc. (NASDAQ: UONEK) Shares headed rising, higher as much as 1.56%. Urban One Inc. (UONEK) stocks fluctuated between the 52-weeks low range of $0.56 and a 52-weeks high range of $6.84. It has moved up 51.48% from its 52-weeks low and moved down -87.55% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $1.70 billion at the time of writing.

    Fox Corporation (NASDAQ: FOXA)

    Fox Corporation (NASDAQ: FOXA) last closed at $25.91, in a 52-week range of $19.81 to $39.74. Analysts have a consensus price target of $28.84. This company’s market capitalization has remained high, hitting $16.08 billion at the time of writing.

    The Liberty SiriusXM Group (NASDAQ: LSXMK)

    The Liberty SiriusXM Group (NASDAQ: LSXMK) shares headed falling, lower as much as -2.32%. The most recent rating by Morgan Stanley, on March 15, 2019, is at an Overweight. The Liberty SiriusXM Group (LSXMK) market capitalization has remained high, hitting 7.44 billion at the time of writing.

  • Top Pre-Market Performers Even as Fed Chairman Statement Dampens Markets

    Top Pre-Market Performers Even as Fed Chairman Statement Dampens Markets

    The markets are headed for a weak start to the day, as all the key indices are in the red pre-market.  This follows the announcement by the Fed chairman Jerome Powell that the Federal Reserve had done everything it could to try and hold the economy together.

    The announcement by the Fed Chairman was backed by other policymakers who also called for a fiscal stimulus from the government to help rejuvenate the economy. While a stimulus package can help breathe life into the economy, investors are not optimistic that it can happen any time soon. The pessimism is compounded by the fact that COVID-19 cases are not slowing down. COVID-19 deaths in the U.S have hit 200k and counting.

    Across the Atlantic, in Europe, some economies are going back into lockdown. Essentially this means that the world is not close to a solution and the economy may take longer to recover. This is weighing heavily on the markets and are likely to impact on stocks in the day and could see most trade-in negative territory. Nonetheless, there is some good news in the market that is pushing up some stocks pre-market.

    The governor of California has announced that the State will ban all carbon-emitting vehicles by the year 2035. This announcement has sent renewable energy and EV stocks rocketing pre-market. Besides EV stocks, companies with positive news are rocketing too, as investors chase gains in a sluggish market. Some of the top performers this morning are as below:

    Sunworks Inc [NASDAQ: SUNW]

    Sunworks Inc is a top performer pre-market and is up by over 500%. This company deals in photovoltaic systems and is based in California. This makes it uniquely positioned to grow its market share as structural changes brought about by this policy drive up the demand for e-mobility. The company also stands to benefit from the fact that the world is increasingly shifting towards renewable energy as the effects of climate change become more apparent.

    Just Energy Group [NYSE:JE]

    Just Energy Group Inc is a top performer pre-market and is up by over 80%. This follows the company’s announced an update for its closing plan of arrangement.  The company stated that it had got approval from the FERC for this transaction that is aimed at recapitalizing the company. This seems to have created lots of excitement in this stock in early morning trading.

    The E.W Scripps Company [NASDAQ: SSP]

    This stock is a top performer this morning and is up by over 50% pre-market. This follows the company’s announcement that it’s an affiliated company was given the national Emmy award at the National Academy of Television Arts & Sciences.

  • ASLAN Pharmaceuticals (NASDAQ: ASLN) Starts ASLAN004 Atopic Dermatitis Study

    ASLAN Pharmaceuticals (NASDAQ: ASLN) Starts ASLAN004 Atopic Dermatitis Study

    ASLAN Pharmaceuticals Limited (NASDAQ: ASLN) has commenced the multiple ascending dose (MAD) study testing the first-in-class therapeutic antibody ASLAN004 in moderate to severe atopic dermatitis (AD) patients. The company has also opened clinical sites in the US and Australia and also starting enrolling patients. The patients will now enroll from 3 sites in the US, 4 sites in Australia, and 2 existing sites in Singapore.

    ASLAN004 is a first-in-class monoclonal antibody that combines with the IL-13 receptor α1 subunit (IL-13Rα1). It also blocked the signaling of two pro-inflammatory cytokines, IL-4 and IL-13. These cytokines are central to activate symptoms of AD, such as redness and itching of the skin.

    ASLAN Pharmaceuticals has recently started the enrollment in the second cohort of double-blind, placebo-controlled studies in Singapore after the government has lifted the coronavirus restrictions. All 8 patients have been enrolled in the cohort and the company is planning to start enrollment into the third cohort after approval by the Data Monitoring Committee.

    Furthermore, 8 patients will be enrolled in Singapore, the US, and Australia. ASLAN expects to report interim, unblinded data from all 3 dose cohorts in 4Q 2020.

    ASLAN Pharmaceuticals, Inc. (NASDAQ: ASLN) shares were trading up 15.71% at $1.92 at the time of writing on Wednesday.

    ASLAN Pharmaceuticals, Inc. share price went from a low point around $0.35 to briefly over $8.18 in the past 52 weeks, though shares have since pulled back to $1.92. ASLAN market cap has remained high, hitting 72.40 Million at the time of writing.

    The company has earlier participated in H.C. Wainwright 22nd Annual Global Investment Conference on September 16, 2020.

     

  • Digital Ally (NASDAQ: DGLY) Receives Orders For ThermoVu Temperature Screening Devices

    Digital Ally (NASDAQ: DGLY) Receives Orders For ThermoVu Temperature Screening Devices

    Shares of Digital Ally, Inc. (NASDAQ: DGLY) soared 47.64% after it revealed that it has received the sizable orders for ThermoVuTM Non-contact Temperature devices from Linn County. After giving the orders of 42 Temperature screening devices, Linn County will become the first city to position ThermoVuTM units country-wide.

    It has been disclosed that the city will place temperature screening devices in county offices, courthouses, senior centers, parks/marinas, schools, and various other populated public areas to detect temperatures in staff and visitors.

    The company has recently launched a non-contact temperature measuring device to detect temperature. This device measures temperature through the wrist and provides facility when temperature measurement exceeds default parameters.

    ThermoVu TM also has the feature of facial recognition and also has the ability to improve safety by restricting access based on temperature and/or facial recognition reasons. After checking the temperature this device also gives the pass/fail tone along with the result displayed on the screen.

    Shares of Digital Ally, Inc. (NASDAQ: DGLY) traded up 47.64% after gaining +0.91 during the trading session of Wednesday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low range of $0.64 and a high range of $7.10. It has moved up 340.59% from its 52-weeks low and moved down -60.28% from its 52-weeks high. Looking at its profitability, it has return on assets and investment of -67.50% and -301.60%, respectively. This company market capitalization has remained high, hitting $76.06 million at the time of writing.

    Digital Ally, Inc. aimed to help the country’s in a difficult time and they are providing their tools to municipalities and citizens to fight against the COVID-19 pandemic. The ThermoVu TM devices are more versatile that can be used in many situations. The company revealed that it is the proud moment for the company as they partnered with Linn County to provide a safe environment for the citizen.