STOCKS TELEGRAPH

Author: ST Staff

  • AstraZeneca (NYSE:AZN) Halts COVID-19 Vaccine Trial After Volunteer’s Illness

    AstraZeneca (NYSE:AZN) Halts COVID-19 Vaccine Trial After Volunteer’s Illness

    AstraZeneca PLC (NYSE: AZN) has halted the phase 3 trials for the COVID-19 vaccine after a ‘serious adverse event’, a possible reaction to the shot was reported in the UK. AstraZeneca vaccine candidate was considered to be the leading coronavirus vaccine candidate but the hopes for a vaccine shot are vanishing.

    AstraZeneca has partnered with the University of Oxford to develop the vaccine candidate for novel coronavirus. AZN coronavirus vaccine candidate is known as ‘AZD1222’ is in the Phase III trial. It is the final stage after which the firm will submit safety, and efficacy data to regulators for approval.

    AZN unveiled that it deliberately halted the trial to allow a committee to analyze safety data. AZN has enrolled 50,000 participants for late-stage trials that are continued in the US, UK, South Africa, and Brazil. It is not clear yet what the exact nature of the reaction was but the participant is anticipated to recover soon.

    Shares of AstraZeneca traded up 2.11% as it gained +1.13 on Tuesday at a closing price of $54.71. It had a trading volume of 6.74 million as compared to the average volume of 6.62 million. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $36.15 and a high of $64.94.

    AZN has moved up 51.34% from its 52-weeks low and moved down -15.75% from its 52-weeks low. AstraZeneca market capitalization has remained high, hitting $145.29 billion at the time of writing. Looking at its liquidity, it has a current ratio of 0.80.

    AstraZeneca had earlier inked a deal with the European Commission for the supply of $300 million doses of potential COVID-19 vaccine doses. AZN had got $336 million for this deal from the European Commission. Australia has also signed a $1.2 billion supply and production agreement with AstraZeneca for the supply of over 84.8 million COVID-19 vaccine doses. But because of the latest side effect, the vaccine hopes are vanishing in thin air.

    AZN said that it is checking whether the vaccine shot caused the illness in a participant or the shot had nothing to do with the illness as the only one volunteer has developed the side effects. The company is currently working to check the safety and efficacy of shots.

  • 2020’s Top 20 Trending Stocks In Restaurants Industry To Invest In

    2020’s Top 20 Trending Stocks In Restaurants Industry To Invest In

    The restaurant industry is diverse. This industry is so widespread that half of all adults have worked in food service in one way or another at some point in their lives. This industry is continuously evolving and restaurateurs are forced to keep a pulse on what’s happening in the industry and what are the new trends in the industry. As the restaurant industry bears a shock because of the current pandemic, it is necessary for the industry to keep up with the new trends customers are looking for to keep their business running.

    2020 was a year of difficulties and as well as the year of opportunities for the restaurant industry. The use of new technologies in this industry and the evolving trends are increasing in the current period. To keep pace with the fast-growing market and to survive, it is necessary for this industry to adopt new technologies to gain a competitive edge.

    Lets’ have a quick look at the top 20 companies in the restaurant industry that are following new trends:

    Luby’s Inc. (NYSE: LUB)

    Luby’s Inc. (NYSE: LUB) shares were trading up 111.43% at $2.22 at the time of writing on Tuesday. Luby’s Inc. (NYSE: LUB) share price went from a low point around $0.46 to briefly over $2.65 in the past 52 weeks, though shares have since pulled back to $2.22. LUB market cap has remained high, hitting $66.60M at the time of writing, giving it a price-to-sales ratio of more than 0.  Luby’s Inc has announced that it has adopted a plan of liquidation and dissolution that provides for the sale of the Company’s assets and distribution of the net proceeds to the Company’s stockholders, after which the Company will be dissolved.

    Starbucks Corporation (NASDAQ: SBUX)

    Starbucks Corporation (NASDAQ: SBUX) last closed at $85.41, in a 52-week range of $50.02 to $96.96. Analysts have a consensus price target of $82.77. Starbucks Corporation (SBUX) recently disclosed that it has decided to add plant-based beverages to menus across Asia from September. The decision was taken to attract customers. Starbucks revealed that its new food items will include the Spiced Impossible Puff and Maize Impossible Sandwich in Hong Kong, and Beyond Meat Bolognese Penne in Taiwan.

    McDonald’s Corporation (NYSE: MCD)

    McDonald’s Corporation (NYSE: MCD) rose 0.87% after gaining more than $1.85 on Tuesday. McDonald’s Corporation (MCD) has earlier announced a partnership with Iconic Global Artist Travis Scott. Travis Scott and McDonald’s will also be exploring opportunities to support charitable organizations during the month-long program. McDonald’s Corporation has recently filed a trademark infringement notice in Australia after the local unit of Burger King created a similar product called the ‘Big Jack’.

    The Wendy’s Company (NASDAQ: WEN)

    The Wendy’s Company (NASDAQ: WEN) stock soar by 1.25% to $21.85. The most recent rating by Evercore ISI, on May 14, 2020, is at an Outperform. The Wendy’s Company (WEN) has recently launched Pretzel Bacon Pub Cheeseburger. This brand-new, mouthwatering cheeseburger combines unforgettable ingredients that’ll make customers wonder what they ate before it came into their life.

    Aramark (NYSE: ARMK)

    Aramark (NYSE: ARMK) Shares headed falling, lower as much as -1.27%. The most recent rating by RBC Capital Mkts, on July 16, 2020, is at a Sector perform. Aramark (NYSE: ARMK) has announced that it will participate in Goldman Sachs Global Retailing Conference on Thursday, September 10th. Aramark (ARMK) market capitalization has remained high, hitting $7.21 billion at the time of writing.

    Yum China Holdings Inc. (NYSE: YUMC)

    Yum China Holdings Inc. (NYSE: YUMC) fall -2.79% after losing more than -$1.5 on Tuesday. Yum China Holdings Inc. (YUMC) has disclosed earlier that pricing of its global offering of 41,910,700 new shares of common stock which includes an international offering and a Hong Kong public offering. The final offer price for both the international offering and the Hong Kong public offering has been decided at HK$412.00 per share. Yum China Holdings Inc. (YUMC)market capitalization has remained high, hitting $20.50 billion at the time of writing.

    The Cheesecake Factory Incorporated (NASDAQ: CAKE)

    The Cheesecake Factory Incorporated (NASDAQ: CAKE) stock drop by -0.22% to $31.13. The most recent rating by BofA Securities, on August 03, 2020, is at an Underperform. The Cheesecake Factory Incorporated (CAKE) has launched its Nourish Program exclusively utilizing Copia’s “zero food waste” technology platform to distribute food to needy people in the local community. The Cheesecake Factory Incorporated will be able to donate more than 400,000 pounds of food so far this year after replacing the old food rescue program.

    Dunkin’ Brands Group Inc. (NASDAQ: DNKN)

    Dunkin’ Brands Group Inc. (NASDAQ: DNKN) stock drop by -1.08% to $75.05. The most recent rating by BofA Securities, on August 03, 2020, is at a Buy. Dunkin’ Brands Group Inc. (DNKN) announced earlier that its management will be presenting on Tuesday, September 15, 2020, at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum.

    Papa John’s International Inc. (NASDAQ: PZZA)

    Papa John’s International Inc. (NASDAQ: PZZA) fall -4.29% after losing more than -$3.88 on Tuesday. Papa John’s International Inc. (PZZA) has recently announced the partnership with Dole Packaged Food LLC as its supplier for pineapple as the company continues to strengthen its commitment to Better Ingredients. Better Pizza. Papa John has a total market capitalization of $2.89 billion.

    Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY)

    Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) stock drop by -0.42% to $18.77. The most recent rating by Deutsche Bank, on September 08, 2020, is at a Buy. Dave & Buster’s Entertainment Inc. (PLAY) has a 52-weeks low range of $4.61 and a high range of $48.80. It has a total market capitalization of $872.43 million at the time of writing.

    RAVE Restaurant Group Inc. (NASDAQ: RAVE)

    RAVE Restaurant Group Inc. (NASDAQ: RAVE) Shares headed rising, higher as much as 11.25%. The most recent rating by ROTH Capital, on May 12, 2016, is at a Neutral. RAVE Restaurant Group Inc. (RAVE) has a 52-weeks low range of $0.38 and a high range of $2.98. It has a total market capitalization of $7.56 million at the time of writing.

    Bloomin’ Brands Inc. (NASDAQ: BLMN)

    Bloomin’ Brands Inc. (NASDAQ: BLMN) last closed at $16.66, in a 52-week range of $4.54 to $24.29. Analysts have a consensus price target of $14.73. Bloomin’ Brands Inc. (BLMN) stock has fluctuated between the 52-weeks low range of $4.54 and a high range of $24.29. Bloomin’ Brands Inc. (BLMN) market capitalization has remained high, hitting $1.41 billion at the time of writing.

    Yum! Brands Inc. (NYSE: YUM)

    Yum! Brands Inc. (NYSE: YUM) last closed at $93.68, in a 52-week range of $54.95 to $119.59. KFC Kicks Off New DoorDash Partnership With 12 Free Tenders And $0 Delivery Fees. Analysts have a consensus price target of $99.38. Yum! Brands Inc. (YUM) market capitalization has remained high, hitting $28.56 billion at the time of writing.

    Darden Restaurants Inc. (NYSE: DRI)

    Darden Restaurants Inc. (NYSE: DRI) stock drop by -0.18% to $89.12. The most recent rating by Raymond James, on September 01, 2020, is at an Outperform. Darden Restaurants Inc. (DRI) stock has fluctuated between the 52-weeks low range of $26.15 and a high range of $128.41. Darden Restaurants Inc. (DRI) market capitalization has remained high, hitting $11.57 billion at the time of writing.

    Restaurant Brands International Inc. (NYSE: QSR)

    Restaurant Brands International Inc. (NYSE: QSR) Shares headed falling, lower as much as -0.48% after Sami Siddiqui Appointed President of Popeyes Americas. The most recent rating by Evercore ISI, on August 07, 2020, is at an In-line. Restaurant Brands International Inc. (NYSE: QSR) has a total market capitalization of $16.91 billion at the time of writing.

    Denny’s Corporation (NASDAQ: DENN)

    Denny’s Corporation (NASDAQ: DENN) fall -0.90% after losing more than -$0.1 on Tuesday. Denny’s Corporation (NASDAQ: DENN) has a 52-weeks low range of $4.50 and a high range of $23.88. It has a total market capitalization of $755.20 million at the time of writing.

    Brinker International Inc. (NYSE: EAT)

    Brinker International Inc. (NYSE: EAT) last closed at $44.13, in a 52-week range of $7.00 to $49.61. Analysts have a consensus price target of $39.76. Brinker International Inc. (EAT) stock has fluctuated between the 52-weeks low range of $7.00 and a high range of $49.61. Brinker International Inc. (EAT) market capitalization has remained high, hitting $24.40 million at the time of writing.

    Wingstop Inc. (NASDAQ: WING)

    Wingstop Inc. (NASDAQ: WING) Shares headed falling, lower as much as -7.25%. The most recent rating by Northcoast, on July 15, 2020, is at a Neutral. Wingstop Inc. (WING) has a 52-weeks low range of $44.27 and a high range of $170.00. It has a total market capitalization of $4.13 billion at the time of writing.

    Ruth’s Hospitality Group Inc. (NASDAQ: RUTH)

    Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) last closed at $11.19, in a 52-week range of $2.32 to $25.77. Analysts have a consensus price target of $9.25. Ruth’s Hospitality Group Inc. (RUTH) stock has fluctuated between the 52-weeks low range of $2.32 and a high range of $25.77. Ruth’s Hospitality Group Inc. (RUTH) market capitalization has remained high, hitting $386.61 million at the time of writing.

    Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB)

    Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) Shares headed falling, lower as much as -6.48%. The most recent rating by Maxim Group, on November 07, 2019, is at a Buy. Red Robin Gourmet Burgers Inc. (RRGB) has a market capitalization of $183.60 million at the time of writing.

  • Here’s Why You Should Hold Peloton (NASDAQ: PTON) Stock In Your Portfolio

    Here’s Why You Should Hold Peloton (NASDAQ: PTON) Stock In Your Portfolio

    Peloton Interactive Inc. (NASDAQ: PTON) has announced it has decided to expand its lineup and reduce the price of its core exercise bike by 16% this week. This move allows Peloton Interactive to resolve complaints about the changing sticker shock.

    The company has disclosed that it will reduce the price of its core bike by $350 to $1,895. It has also announced that it will be refunding the customers due to the reduction in the prices. Peloton Interactive will also introduce more premium options for customers.

    The new Bike+ of Peloton will cost $2,495 and also has a feature of a rotating tablet screen that will more easily allow people to engage in Peloton’s bike workouts and floor-based workouts. Peloton aimed to attract new customers by cutting the prices and launching new products. The company said that its main goal is to be the go-to-at-home solution for as many people as possible.

    Peloton Interactive has announced one more exciting news for its customers. It has disclosed that its new treadmill which is affordable will be available to customers in early 2021. Its existing treadmill which will be renamed Tread+ has a selling price of $4,295 but the new treadmill will have the selling of $2,495. Peloton has fulfilled its promise it has made earlier after announcing the new cheaper products and by reducing the prices.

    Peloton Interactive (NASDAQ: PTON) traded up 6.16% after gaining +4.97. It has a closing price of $85.60. In the past 52-weeks of training, this company has recorded the 52-weeks low and high range of $17.70 and $92.50, respectively. It has traded up 383.62% from its 52-weeks low and traded down -7.46% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 3.30. Peloton Interactive market capitalization has remained high, hitting $24.74 billion at the time of writing.

    The company has also unveiled that it has decided to host the Virtual Investor and Analyst session on Tuesday, September 15, 2020. The company’s management will give presentations in the virtual session and will be webcast live and available over the internet.

  • Top Pre-Market Performers as Markets Rebound

    Top Pre-Market Performers as Markets Rebound

    The markets are up this morning with the NASDAQ, S&P 500 and the Dow all in the green. This recovery comes after several days of heavy selloffs and could be an indicator of investors taking positions in hopes of a bump in prices. Nonetheless, the mood in the market remains mixed. There hasn’t been a major improvement in fundamentals since data from the Federal Reserve showed that the labour markets were not picking up as fast as the markets were expecting.

    The markets are also still absorbing the news that the recent tech rally was not really fundamentals, but due to aggressive stock-buying by Japanese firm Softbank. As such, despite the jump in market value this morning, the underlying fundamentals remain weak. However, if the pre-market rally holds until the markets open, it could be an indicator that the worst has passed.

    This could see the markets sustain gains in the day, and close higher. In this environment of cautious optimism, there are stocks that are outperforming the markets by a huge margin. Some of the stocks doing well pre-market and could do well all through the day are:

    Superconductor Technologies Inc [NASDAQ: SCON]

    Superconductor Technologies Inc is a top performer this morning and is up by over 30%. This comes as investors await the annual general meeting that is taking place today.

    Part of the excitement stems from the fact that one of the issues on the agenda is a reverse stock split. Earlier, the company had announced that the stock split proposal had not got enough votes and that an extra 1.5% of the company’s outstanding shares were needed to actualize it.

    The proposal is likely to pass this time as investors have been given enough time to exercise their voting rights after the AGM had been adjourned earlier on September 2nd. The stock split is aimed at enabling the company to maintain the $1 minimum bid price as required by the NASDAQ.

    Trillium Therapeutics Inc [NASDAQ: TRIL]

    This is another top performer this morning and is up by over 40%. This comes after the company announced that it had received a $25 million investment from Pfizer. The company has also announced that it has received a good safety profile for TTI-622, its antibody fusion protein that is viable as a cancer treatment.

    Watford Holdings Ltd [NASDAQ: WTRE]

    This is another pre-market top performer and is up by over 30%. This comes after the company announced that Arch Capital Group Ltd had made a $500 million offer for the company. The offer comes a year after the company went public and lost a third of its value. The offer represents a bid of $26 per share, much higher than the stock’s value of $17.8, at yesterday’s close.

  • 15 Of The Best Stock In Software Application Industry You Should Be Holding Right Now

    15 Of The Best Stock In Software Application Industry You Should Be Holding Right Now

    The software Application Industry is a huge market with many profitable opportunities that can be explored. New products, new technological innovations, and a competitive market stimulated the growth of the software industry. Software is ubiquitous. As we enter into a new decade, one thing is clear that the software application industry will continue to rise.

    As we all are well aware that software changes every year, every month, every week, and in many cases every day. The software application industry is expected to grow further in the coming years as the demands of users continuously increasing. The business technology software platform brings together people, data, and applications.

    Here are the top 15 leading companies in the software application industry:

    Slack Technologies Inc. (NYSE: WORK)

    Slack Technologies Inc. (NYSE: WORK) shares were trading up 0.86% at $29.32 at the time of writing on Tuesday. Slack Technologies Inc. (NYSE: WORK) share price went from a low point around $15.10 to briefly over $40.07 in the past 52 weeks, though shares have since pulled back to $29.32. WORK market cap has remained high, hitting $17.61B at the time of writing, giving it a price-to-sales ratio of more than 20.

    Slack Technologies has announced the Q2 fiscal year 2021 results. Slack Technologies has added 8,000 new paid customers to its platform. WORK’s total revenue was $215.9 million, an increase of 49% year-over-year. If we look at the recent analyst rating WORK, Wolfe Research initiated coverage on WORK shares with a Peer Perform rating and a $34.29 price target, which implies room for 4.97% upside momentum this year.

    Uber Technologies Inc. (UBER)

    Uber Technologies Inc. (UBER) last closed at $34.32, in a 52-week range of $13.71 to $41.86. Analysts have a consensus price target of $41.22. UBER Technologies has earlier disclosed that it has partnered with CarTrawler This partnership enables users in the UK to rent cars via the uber app. In the Uber app, there will be an option of ‘Uber Rent’ which allows customers to select the available car for their desired destination.

    UBER Technologies has also taken the main step to provide the best to its customers. UBER announced Tuesday that every vehicle of uber will be electric by 2040. UBER pledged to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from partner automakers.

    DocuSign Inc. (NASDAQ: DOCU)

    DocuSign Inc. (NASDAQ: DOCU) Shares headed falling, lower as much as -4.92%. The most recent rating by Deutsche Bank, on September 04, 2020, is at a Hold. DocuSign Inc. (DOCU) has earlier posted the Q2 fiscal 2021 financial results. It has reported the total revenue of $342.2 million and recorded an increase of 45% y/y. Its subscription revenue was $323.6 million and professional service and other revenue was $18.6 million. It has traded up $45.52 from its 52-weeks low and traded down $290.23 from its 52-weeks high.

    Lyft Inc. (NASDAQ: LYFT)

    Lyft Inc. (NASDAQ: LYFT) rose 3.90% after gaining more than $1.13 on Tuesday. Lyft Inc. (LYFT) has revealed on Tuesday that its trips increase 7.3% in August from July as operations in Canada recovered faster than in the US. But the novel coronavirus pandemic hasn’t stopped there in decreasing the demands. Lyft revealed that it has recorded the 53% drop in its rides in August compared to the year earlier. The company also announced that it expects lower incentive spending in the Q3.

    Cloudera Inc. (NYSE: CLDR)

    Cloudera Inc. (NYSE: CLDR) stock drop by -2.94% to $10.89. The most recent rating by Northland Capital, on June 09, 2020, is at a Market perform. Cloudera Inc. (CLDR) has announced a second-quarter fiscal 2021 financial result. Its total revenue for the Q2 was $214.3 and recorded an increase of 9% as compared to the earlier year. Cloudera Inc. subscription revenue was $191.5 million and its annualized recurring revenue has recorded an increase of 12%.

    Ideanomics Inc. (NASDAQ: IDEX)

    Ideanomics Inc. (NASDAQ: IDEX) fall -6.90% after losing more than -$0.08 on Tuesday. Ideanomics Inc. (NASDAQ: IDEX) has earlier participated in the LD 500 Investor conference on September 3rd. Ideanomica Inc market capitalization has remained high, hitting $265.16 million at the time of writing. It has recorded the 52-weeks low range of $0.28 and a 52-weeks high range of $3.98.

    Nuance Communications Inc. (NASDAQ: NUAN)

    Nuance Communications Inc. (NASDAQ: NUAN) stock drop by -3.89% to $28.93. The most recent rating by CFRA, on August 06, 2020, is at a Sell. Nuance Communications Inc. (NUAN) has announced Tuesday that it has been named as the leader in Opus Research’s Intelligent Authentication And Fraud Prevention Intelliview Report. As per the report, Nuance has the most complete offering across authentication and fraud prevention, proven success supporting multiple factors, IoT applications, and the ability to incorporate new technologies like Deep Neural Networks (DNNs).

    Datadog Inc. (NASDAQ: DDOG)

    Datadog Inc. (NASDAQ: DDOG) Shares headed rising, higher as much as 0.52%. The most recent rating by Needham, on August 07, 2020, is at a Buy. Datadog Inc. (NASDAQ: DDOG) has disclosed earlier that its management will participate in Jefferies Software virtual conference on September 14, 2020. Datadog Inc. (DDOG) market capitalization has remained high hitting, 24.42 billion at the time of writing.

    Medallia Inc. (NYSE: MDLA)

    Medallia Inc. (NYSE: MDLA) last closed at $32.49, in a 52-week range of $16.04 to $40.20. Analysts have a consensus price target of $34.36. Medallia Inc. (MDLA) has announced the Q2 results. It has reported the total revenue of $115.5 million and subscription revenue of $92.8 million. Loss from operations for the quarter was $34.5 million. Net loss for the quarter was $35.2 million, or ($0.25) per share, basic and diluted.

    salesforce.com inc. (NYSE: CRM)

    salesforce.com inc. (NYSE: CRM) stock drop by -5.27% to $241.27. The most recent rating by Wedbush, on August 26, 2020, is at an Outperform. salesforce.com inc. (CRM) the stock has fluctuated between the low of $115.29 and a high of $284.50. This company market capitalization has remained high, hitting $228.44 billion at the time of writing.

    Fastly Inc. (NYSE: FSLY)

    Fastly Inc. (NYSE: FSLY) last closed at $81.08, in a 52-week range of $10.63 to $117.79. Analysts have a consensus price target of $96.90. Fastly Inc. (FSLY) has moved up 662.75% from its 52-weeks low and moved down -31.17% from its 52-weeks high. Its market capitalization has remained high, hitting 8.61 billion.

    BigCommerce Holdings Inc. (NASDAQ: BIGC)

    BigCommerce Holdings Inc. (NASDAQ: BIGC) Shares headed falling, lower as much as -10.88%. The most recent rating by Truist, on August 31, 2020, is at a Hold. BigCommerce Holdings Inc. (BIGC) has a 52-weeks low and high range of  $63.77 and $162.50, respectively. It has traded up 49.50% from its 52-weeks low and traded down -41.33% from its 52-weeks high.

    Riot Blockchain Inc. (NASDAQ: RIOT)

    Riot Blockchain Inc. (NASDAQ: RIOT) last closed at $2.82, in a 52-week range of $0.51 to $4.58. Riot Blockchain Inc. (RIOT) has moved up 451.86% from its 52-weeks low and moved down -38.43% from its 52-weeks high. Its market capitalization has remained high, hitting $135.84 million at the time of writing.

    Digital Turbine Inc. (NASDAQ: APPS)

    Digital Turbine Inc. (NASDAQ: APPS) fall -0.09% after losing more than -$0.02 on Tuesday. Digital Turbine Inc. (APPS) stock has fluctuated between the low of $3.42 and a high of $29.56. It has moved up 574.71% from its 52-weeks low and moved down -20.575 from its 52-weeks high. Its market capitalization has remained high, hitting 2.11 billion.

    StoneCo Ltd. (NASDAQ: STNE) 

    StoneCo Ltd. (NASDAQ: STNE) stock drop by -0.38% to $49.81. The most recent rating by UBS, on August 26, 2020, is at a Neutral. StoneCo Ltd. (STNE) has a 52-weeks low and high range of $17.71 and $55.00, respectively. It has moved up to 181.09% from its 52-weeks low and moved down -9.44% from its 52-weeks low.

  • Why Co-Diagnostics Inc (CODX) Stock Bullish Reversal Could Mark the Start of a New Uptrend

    Why Co-Diagnostics Inc (CODX) Stock Bullish Reversal Could Mark the Start of a New Uptrend

    Its good day for Co-Diagnostics Inc [NASDAQ:CODX] investors. After several months in the red, the stock has rocketed today and is currently up by 31%. The rally follows the company’s announcement that it had made an agreement with Arches Research Inc for the expansion of Arche’s COVID-19 testing services. This will be implemented using Co-Diagnostics’ test kit called Logix Smart.

    The deal is a continuation of a relationship that started earlier in the year when Arches Research began using the Co-Diagnostics kits for testing. The signing of the deal comes just days after a 3rd party study on the kits concluded that their performance was good and that they could be used in smoothening out the process of reopening workplaces, schools, and other amenities.

    Commenting on the agreement, Co-Diagnostics CEO Dwight Egan stated that they were happy with the expanded relationship with one of the company’s most valued lab clients. He added that they were optimistic that the expanded relationship would open new opportunities to sell not just test kits, but other diagnostic products that the company was working on. Some of the products that it has under development include the upcoming Logix Smart Flu A/ Flu B and COVID-19 kits.

    What next?

    With this deal in place, this stock’s current bullish reversal could mark the start of a new uptrend. That’s because, with the expanded deal, the company’s revenues will grow in coming quarters. This will mean a higher intrinsic value for the company and by extension its price.  On top of that, investors anticipating stronger earnings in the near-term are likely to keep bidding up the stock price in the near-term. This is already happening as can be seen in the sustained increase in price since the company announced the expanded deal.

    There is also the fact that with the 3rd party validation of the company’s test kits, other companies and even governments are likely to start making their orders for its COVID-19 test kits. That’s because, while the world is awaiting a vaccine, testing remains the most effective way to fully get the economy working optimally again in the near-term. It is through testing that establishments that deal with lots of people can reopen safely, by isolating those who have COVID-19 from the rest of society. Testing also presents an opportunity for governments to understand the patterns of the disease and model it for policy decision-making on COVID-19.

    About Co-Diagnostics Inc

    Co-Diagnostics Inc is a molecular diagnostics corporation. It is based in Salt Lake, Utah.

  • Top Bio-Tech Stocks to Watch as U.S Major Indices Slump Pre-Market

    Top Bio-Tech Stocks to Watch as U.S Major Indices Slump Pre-Market

    U.S stocks are headed to a negative start, with the NASDAQ leading the way in losses. The losses are a continuation of the bearish momentum that gripped the markets last week. The heavy selloff in the NASDAQ follows the revelation that the massive tech rally that characterized the market earlier was the result of an aggressive buying spree by Softbank.

    This has created a chaotic trading environment as investors rush to sell and take profits. It’s an indicator that investors are not confident that there was any fundamental justification for the run-up in price. For context, stocks like Tesla and Apple had rallied by between 30% and 50% in a very short time, with the fundamentals remaining relatively unchanged.

    There is also the fact that the Federal Reserve had dampened the market mood with data showing a relatively weakened labour market. This points to a situation whereby the equity markets have not been reflective of the economy. This mismatch could see the stock markets correct further in the day, with the relatively weak trading day in Europe being a pointer on market direction. Nonetheless, there are stocks that are weathering this environment and are gaining quite strongly pre-market. Some of the stocks that are gaining are:

    Biocept Inc [NASDAQ: BIOC]

    Biocept is a top performer ahead of markets and is up by 700%. This rally comes days after the company announced a 1 for 10 reverse split. The split was announced on 4th September but will become effective today when markets open. The goal of the split is to raise the price and allow the company to hold above $1 and maintain its listing on the NASDAQ. The company further announced that no fractional shares would be issued with regards to the split.

    Albireo Pharma Inc [NASDAQ: ALBO]

    This is another top performer pre-market and is up by over 80%. This follows the company’s announcement that its phase 3 trials for Odevixibat had met its primary endpoints. The company’s CEO Ron Cooper stated that Odevixibat had clinically shown to lower bile acids in patients suffering from PFIC1 and PFIC2. He added that the results were a confidence boost for the company in its current BOLD pivotal trial for the treatment of Alagille syndrome that will start this year.

    InspireMD Inc [NYSE: NSPR]

    This is another top performer pre-market and is up by over 30%. This follows the company’s announcement that the U.S F.D.A had approved it to go ahead with a study of CGuard™ in preventing stroke.  CEO, Marvin Slosman, stated that this was a major milestone in the company’s plans for worldwide expansion.

  • Here’s Everything You Need To Know About Toyota Corolla Hybrid 2020

    Here’s Everything You Need To Know About Toyota Corolla Hybrid 2020

    Toyota Motor (NYSE: TM) is continuously striving to make vehicles that are environment-friendly and decrease the dependence on oil-based fuels. To obtain outstanding fuel efficiency, Toyota has discovered that hybrid technology is the main technology that helps in achieving these goals. Toyota had introduced its first mass-produced hybrid vehicle, Prius in Japan in 1997.

    Toyota has continuously changed its hybrid technology and has now achieved a 10% improvement in fuel consumption with every new generation. Toyota aimed to develop affordable technology that is available to as many customers as possible.

    Let’s take a look at the 2020 Toyota Corolla Hybrid as it has topped the hybrid and electric cars ranking thanks to its comfortable ride and best gas mileage. Corolla hybrid has few designs that are shocked you. Its front end is wide, smooth, and as flat as possible with its 18-inch wheels. Toyota affirms the Corolla Hybrid will return over 50 mpg on average.

    Corolla Hybrid has a 1.8-liter 4-cylinder gas engine, an electric assist motor, and a nickel-metal hydride battery pack. It uses electric power only at a lower speed and uses the gas engine when needed. Like Prius, Corolla Hybrid provides an EV mode for traveling short distances at fair velocity. It has a brake hold function which stopped it at a traffic light without applying pressure on the brake pedal.

    Toyota Motor (NYSE: TM) share price went from a low point of around $108.01 to briefly over $145.41 in the past 52 weeks, though shares have since pulled back to $133.7. TM has moved up 23.29% from its 52-weeks low and moved down -8.42% from its 52-weeks high. TM market capitalization has remained high, hitting $214.81 billion at the time of writing.

    Corolla Hybrid vehicle has a Safety Sense P System which fulfilled the promise of Toyota Motor. Corolla hybrid is a good option for those who are looking for hybrid vehicles. Corolla hybrid controls and seats were placed in a way that increases the visibility for more driving experience. It has standard LED headlights with Daytime Running lights. Its Nickel-metal hydride battery is positioned in a good spot to enhance balance.

  • Top 7 Best Stock Of Insurance Industry For September 2020

    Top 7 Best Stock Of Insurance Industry For September 2020

    The life insurance industry is continuously changing and there is a need for the insurer to align better with the emerging new business environment. Managing customer preferences & enhancing operational efficiencies is the challenging task in Insurance Life Industry in the current period. With the emergence of new technologies, customers now looking for more holistic services which mean insurers must rethink their strategies. New competitors, demanding customers, and new obstacles with the passage of time are transforming the life insurance industry.

    Consumers are looking for those organizations which pay attention to their problems and offer them solutions and those industries that achieve clients’ satisfaction put themselves in the driver’s seat. The client is considered an important growth factor within the life insurance industry. The needs & expectations of clients are rapidly increasing so here the question arises: How can insurers adapt to customers’ new demands?

    To find the answer to this question let’s take a quick look at these top 7 leading life insurance companies:

    Genworth Financial Inc. (NYSE: GNW)

    Genworth Financial Inc. (NYSE: GNW) shares were trading down -2.26% at $3.46 at the time of writing on Friday. Genworth Financial Inc. (NYSE: GNW) share price went from a low point around $1.87 to briefly over $4.93 in the past 52 weeks, though shares have since pulled back to $3.46. GNW market cap has remained high, hitting $2.10B at the time of writing, giving it a price-to-sales ratio of more than 0.

    Genworth Financial Inc. has earlier disclosed the details of its pending transaction with China Oceanwide Holdings Group Co. Ltd. Genworth and Oceanwide agreed to an additional interim milestone whereby Oceanwide would confirm by August 31, 2020, its progress towards funding the transaction. GNW said that Oceanwide has clearly explained the funding plan an now there is no need to terminate the merger agreement.

    If we look at the recent analyst rating GNW, Wells Fargo resumed coverage on GNW shares with a market perform rating and a $3.50 price target, which implies room for 0.04% upside momentum this year.

    MetLife Inc. (NYSE: MET)

    MetLife Inc. (NYSE: MET) last closed at $39.15, in a 52-week range of $22.85 to $53.28. Analysts have a consensus price target of $45.27. MetLife Inc. (MET) has traded up 71.33% from its 52-weeks low and traded down -26.52% from its 52-weeks high. Looking at its market capitalization, its market cap hit $34.67 billion at the time of writing. Its Q2 operating Margin of 2020 missed Zacks consensus estimate as it has reported the operating earnings of 83 cents per share.

    Aflac Incorporated (NYSE: AFL)

    Aflac Incorporated (NYSE: AFL) stock soar by 2.49% to $37.86. The most recent rating by RBC Capital Mkts, on March 20, 2020, is at a Sector perform. Aflac Incorporated (AFL) announced it will participate in the virtual KBW Insurance Conference on September 9. Aflac has celebrated the 25-year commitment to helping families facing childhood cancer during national childhood awareness month. Its market capitalization has remained high, hitting $26.34 billion at the time of writing.

    Prudential Financial Inc. (NYSE: PRU)

    Prudential Financial Inc. (NYSE: PRU) last closed at $69.71, in a 52-week range of $38.62 to $97.24. Analysts have a consensus price target of $71.36. Prudential Financial Inc. (PRU) has announced an investment of $140 million in the Dayton Power and light company. Prudential Financial market capitalization has remained high, hitting $26.86 billion at the time of writing.

    CNO Financial Group Inc. (NYSE: CNO)

    CNO Financial Group Inc. (NYSE: CNO) stock soar by 2.92% to $17.27. The most recent rating by Piper Sandler, on September 01, 2020, is at an Overweight. CNO Financial Group Inc. and Bankers Life disclosed it is giving assistance to the Alzheimer’s Association this year with $332,000 for Alzheimer’s care, education, and research programs. CNO Financial has a market capitalization of $2.38 billion at the time of writing.

    Lincoln National Corporation (NYSE: LNC)

    Lincoln National Corporation (NYSE: LNC) rose 7.15% after gaining more than $2.55 on Friday. Lincoln National Corporation (LNC) announced that it will participate in Keefe, Bruyette & Woods Virtual Insurance Conference on September 9, 2020. It has a total market capitalization of $6.89 billion at the time of writing.

    Unum Group (NYSE: UNM)

    Unum Group (NYSE: UNM) Shares headed rising, higher as much as 8.21%. The most recent rating by BofA/Merrill, on June 01, 2020, is at an Underperform. Unum Group (NYSE: UNM) stock has fluctuated between the low of $9.58 and a high of $31.32. Unum Group market capitalization has remained high, hitting $3.74 billion.

  • 10 Trending Stocks In Hotel And Motel Industry To Watch

    10 Trending Stocks In Hotel And Motel Industry To Watch

    The Hotels & Motel Industry is continuously progressing as this industry managed to attract customers with its unique services. This industry is highly competitive and to remain in this business it is necessary for all businesses to keep up with the latest trends and adopt new technologies. Maintaining pace with fast-growing industries is the best way to ensure a better customer experience.

    This year we have witnessed several changes in the hotel & motel industry. In 2020, the hotel industry will be impacted by the new wave of digital technologies and striving to implement the new trends in the business. The hotel and motel industry is looking to shift focus towards the new environment in order to satisfy the need of customers. Hotels industry aimed to improve the satisfaction of its guests and will be entering into the new level of competitiveness.

    Here are the top 10 leading companies in the hotel and motel industry that need your attention:

    Host Hotels & Resorts Inc. (NYSE: HST)

    Host Hotels & Resorts Inc. (NYSE: HST) shares were trading up 3.20% at $11.94 at the time of writing on Friday. Host Hotels & Resorts Inc. (NYSE: HST) share price went from a low point around $7.86 to briefly over $18.85 in the past 52 weeks, though shares have since pulled back to $11.94. HST market cap has remained high, hitting $8.16B at the time of writing, giving it a price-to-sales ratio of more than 2.

    Host Hotels & Resorts Inc HST priced an offering of additional 3.50% senior notes due 2030, with an aggregate principal amount of $150 million. Host Hotels & Resort Inc anticipated getting proceeding of $146 million after deducting the underwriting discounts and other expenses. If we look at the recent analyst rating HST, Morgan Stanley upgraded coverage on HST shares with an Equal-weight rating and a $12.13 price target, which implies room for 0.19% upside momentum this year.

    DiamondRock Hospitality Company (NYSE: DRH)

    DiamondRock Hospitality Company (NYSE: DRH) stock soar by 6.24% to $5.79. The most recent rating by SunTrust, on July 24, 2020, is at a Sell. DiamondRock Hospitality Company has earlier disclosed that it has chosen Michael A. Hartmeier to the board of directors effective October 1, 2020. He has been a trusted advisor to the company for many years. Michael’s extensive experience in the capital market and M&A is necessary for the company. DiamondRock Hospitality Company has a market capitalization of $1.09 billion at the time of writing.

    Service Properties Trust (NASDAQ: SVC)

    Service Properties Trust (NASDAQ: SVC) stock soar by 3.10% to $8.82. Service Properties Trust (SVC) has earlier announced the addition of 103 hotels in its portfolio. It has disclosed that it will transfer the branding and management of 103 hotels to Sonesta International Hotels Corporation, or Sonesta, from InterContinental Hotels Group plc (NYSE: IHG), or IHG. It has announced the termination of management agreement with InterContinental Hotels Group Plc. Service Properties Trust market capitalization has remained high, hitting $1.41 billion at the time of writing.

    Park Hotels & Resorts Inc. (NYSE: PK)

    Park Hotels & Resorts Inc. (NYSE: PK) last closed at $10.59, in a 52-week range of $3.99 to $27.03. Analysts have a consensus price target of $9.42. It has moved up 165.41% from its 52-weeks low and moved down -60.82% from its 52-weeks high. Park Hotels & Resorts Inc market capitalization has remained high, hitting $2.34 billion at the time of writing.

    Sunstone Hotel Investors Inc. (NYSE: SHO)

    Sunstone Hotel Investors Inc. (NYSE: SHO) Shares headed rising, higher as much as 2.39%. The most recent rating by Evercore ISI, on August 10, 2020, is at an Outperform. Sunstone Hotel Investors Inc.  This company’s stock has fluctuated between the low of $5.75 and a high of $14.47.  Sunstone Hotel Investors Inc has traded up 49.04% from its 52-weeks low and traded down -40.77% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.40.

    Apple Hospitality REIT Inc. (NYSE: APLE)

    Apple Hospitality REIT Inc. (NYSE: APLE) rose 3.54% after gaining more than $0.38 on Friday. Apple Hospitality REIT Inc. (APLE) has a total market capitalization of $2.39 billion at the time of writing. Focusing on the profitability of Apple Hospitality Inc, it has a return on assets of -0.20%, return on investment of 4.80%, and return on equity of -0.30%.

    RLJ Lodging Trust (NYSE: RLJ)

    RLJ Lodging Trust (NYSE: RLJ) last closed at $10.05, in a 52-week range of $3.88 to $18.17. Analysts have a consensus price target of $10.70. RLJ Lodging Trust (RLJ) has moved up 159.02% from its 52-weeks low and moved down -44.69% from its 52-weeks high. RLJ Lodging Trust market capitalization has remained high, hitting $1.59 billion.

    Pebblebrook Hotel Trust (NYSE: PEB)

    Pebblebrook Hotel Trust (NYSE: PEB) Shares headed rising, higher as much as 4.31%. The most recent rating by Barclays, on June 22, 2020, is at an Equal-weight. Pebblebrook Hotel Trust (PEB) has a 52-weeks low and high range of $5.39 and $29.57, respectively. It has moved up 147.12% from its 52-weeks low and moved down -54.95% from its 52-weeks high. Pebblebrook Hotel Trust (PEB) has a market capitalization of $1.67 billion at the time of writing.

    Summit Hotel Properties Inc. (NYSE: INN)

    Summit Hotel Properties Inc. (NYSE: INN) rose 3.07% after gaining more than $0.18 on Friday. Summit Hotel Properties Inc. (INN) stock oscillated between the 52-weeks low range of $2.32 and a high range of $12.59. It has traded up 160.78% from its 52-weeks low and traded down -51.95% from its 52-weeks high. This company has a total market capitalization of $620.43 million.

    Hersha Hospitality Trust (NSYE: HT)

    Hersha Hospitality Trust (NYSE: HT) last closed at $6.71, in a 52-week range of $2.29 to $15.42. Analysts have a consensus price target of $5.68. Hersha Hospitality Trust (HT) market capitalization has remained high, hitting $250.62 million at the time of writing.