STOCKS TELEGRAPH

Category: Mid Day Movers

  • 3 Stocks Recording Huge Gains despite Dow and NASDAQ Volatility

    3 Stocks Recording Huge Gains despite Dow and NASDAQ Volatility

    It’s a mixed day for the U.S equity markets. The markets rallied in the morning, but have since shed most of those gains. The DOW and the NASDAQ have dropped mainly due to a nosedive of big tech stocks. Nonetheless, the markets have been held up by the energy and travel industries that have recorded strong gains today. Outside of these sectors, strong gains by biotech stocks that are making progress on COVID-19, and finance stocks with positive earnings are holding up the markets. Some of the big gainers at the moment are as below:

    Genetic Technologies Limited [NASDAQ:GENE]

    Gene Technologies Limited is one of the biggest gainers this afternoon and is currently up by 145.13%. This rally comes hours after the company gave an update on its COVID-19 severity tests. One of the key highlights of the update is that the company has filed for a provisional patent for its COVID-19 severity test in Australia. The company also announced that it was through with the design and initial production of the SNP panel needed for the process of the polygenic risk test aspect of the COVID-`19 severity risk tests. The company further announced that that it had held discussions with the National Association of testing authorities and the Centers for Medical and Medicaid Services for approval of its COVID-19 severity test. Given the havoc that COVID-19 has caused across the world, the market seems to be responding positively to the news by this company’s test update.

    The Goldman Sachs Group [NYSE:GS]

    Goldman Sachs is volatile this afternoon, but it is still in the green. This comes after the company released strong Q2 earnings. According to the Motley Fool, Goldman Sachs reported that total revenues in the quarter stood at $13.3 billion, an increase of 41% higher than the last financial year. This figure is also $3.54 billion higher than what analysts were projecting. The company also announced that its global market revenue rose by 93% to hit $7.18 billion.  It also announced an increase in its earnings per share from $5.81 to $6.26.

    China Finance Online Co. Limited [NASDAQ:JRJC]

    This is one of the biggest gainers this afternoon and is up by 129.86%. This follows the company’s announcement that it had entered into an agreement with Dow Jones. Under the deal, the Dow Jones will offer China Finance Online with a subset of its Chinese language newswire service.  The two will also collaborate to efficiently provide data on financial information in China. They also announced that through their partnership, they will bring together worldwide financial news from Dow Jones and China Finance Online’s data and market engagement in China.  The magnitude of the deal has excited the market as is evident in its price action.

     

  • 3 Solar industry stocks making moves in July

    3 Solar industry stocks making moves in July

    Solar industry has been active on the tape, increase over 61.43% year to date and over 72.40% in last three months. Last month was especially good with 26.26% in green with average volume of 24.27M.

    The top three stock leading these gains were SOL with 8.37% price change while EVSI saw a surge of 6.92%. SunPower Corporation (SPWR) moved up 5.52% to $10.41.

    ReneSola Ltd (NYSE:SOL)

    ReneSola Ltd (SOL) is one of the hot stock today traded 180842 shares today. The company has invested millions building it presences, racking up $119.49 million of debt in the process.

    SOL stock is currently trading at $1.32 with 1st support level on of $1.1950 and the 1st upside resistance level of SOL is $1.2500. SOL has performed -5.43% over the past 4 weeks, stock has performed 16.19% over the past 3 months and ReneSola Ltd has shown -5.43% over the past 1 year.

    Envision Solar International Inc. (NASDAQ:EVSI)

    Envision Solar International Inc. (EVSI) is the stock to watch because it reported Envision’s EV ARC™ Solar-Powered EV Charging Powers Envoy Shared Electric Mobility. Envision Solar International Inc. grow 103.52% this year to reach $76.93 million of market cap.

    EVSI shares are trading at $11.75 at the time writing with 1st support level on of $10.28 and the 1st upside resistance level of EVSI is $11.44. EVSI has performed 42.91% over the past 4 weeks, stock has performed 59.28% over the past 3 months while EVSI stock fifty day moving average is $8.74 and EVSI 200-day moving average is $7.89.

    Other notable stocks in solar industry were SOL with weekly loss of 0.00%, EVSI saw 8.92% and SPWR with 14.58% in same period.

    SunPower Corporation (NASDAQ:SPWR)

    SunPower Corporation (SPWR) traded at $10.41 at the time of writing on 07/14/20, making an upward move of 5.52%. SunPower Corporation decrease -14.22% this year to reach $1.78 billion market cap.

    SPWR shares has 1st support level on of $9.04 and the 1st upside resistance level of SPWR is $10.43. SPWR has performed 33.85% over the past 4 weeks, stock has performed 47.90% over the past 3 months while SPWR stock fifty day moving average is $7.83 and SPWR 200-day moving average is $7.59.

    Other notable stocks in solar industry were RUN stock with weekly gain of 29.08%, VSLR soar over 28% and FSLR with 16.22% in same period.

  • 3 Biotech Stocks That Are Rallying Pre-Market

    3 Biotech Stocks That Are Rallying Pre-Market

    There was a renewed optimism in the equity markets yesterday, as hopes of a COVID-19 vaccine increased. The Dow was one of the biggest gainers and closed the day higher by 200 points. The S&P 500 and the NASDAQ also closed higher with gains of 1.34% and 0.69% respectively. Biotech stocks working on a COVID-19 vaccine, or a cure, continue to dominate in gains and are among the top gainers in pre-market trading. Some of the big movers ahead of markets opening are as below:

    Moderna Inc [NASDAQ:MRNA]

    Moderna Inc is one of the top gainers in pre-market trading and is up by 17.16% at the time of going to press. This follows the company’s data that shows hope for an effective COVID-19 vaccine. Data published by the Peer-reviewed New England Journal of Medicine showed that the company’s vaccine produced antibodies that neutralized the coronavirus in all the 45 patients, who took part in early human safety trials. Moderna is set to start a late-stage trial of this vaccine on July 27th. Positive sentiment is also driven by the fact that the U.S government is availing billions of dollars to Moderna and other companies for the delivery of 300 million vaccine doses by the beginning of 2021. Considering that the vaccine data came after hours, there is a possibility of the upside momentum continuing when the market opens.

    VBI Vaccines Inc [NASDAQ:VBIV]

    VBI Vaccines Inc is another biotech stock that is gaining upside momentum pre-market. At the time of writing, the stock is up by 14.86%.  Like Moderna, this stock is also working on a COVID-19 vaccine. In March, it announced that it was working with the National Research Council of Canada to come up with a vaccine. However, its biggest value driver is a cancer vaccine that is still in the works. This stock has been on the rise for weeks now after the company announced that it had observed partial response from its biomarker for cancer treatment. The company stated that there was a positive response in both safety and immunogenicity. With the potential for a vaccine for recurrent glioblastoma, this stock looks poised to stay on investor’s radar for some time.

    Immutep Limited [NASDAQ:IMMP]

    Immutep Limited is a top gainer pre-market and is currently up by 59.09%. These gains follow yesterday’s announcement that it had been granted a patent for ‘Antibody molecules to LAG-3 and U.S thereof’ by the U.S patent office. The patent is partly owned by Novartis AG and is valid until March 2035. The rally pre-market is an indicator of optimism in the company after this patent.

  • 20 Trending Stocks in Entertainment Industry

    20 Trending Stocks in Entertainment Industry

    Roku Inc. (NASDAQ:ROKU) shares were trading up 0.87% at $150.36 at the time of writing on Tuesday.

    Roku Inc. (NASDAQ:ROKU) share price went from a low point around $58.22 to briefly over $176.55 in past 52 weeks, though shares have since pulled back to $150.36. ROKU market cap has remained high, hitting $17.74B at the time of writing, giving it price-to-sales ratio of more than 10.

    If we look at the recent analyst rating ROKU, Stephens downgraded coverage on ROKU shares with a Equal-weight rating and a $131.96 price target, which implies room for -18.4% downside momentum this year.

    Dolphin Entertainment Inc. (DLPN) last closed at $1.09, in a 52-week range of $0.33 to $2.49. Dolphin Entertainment Regains Compliance with Nasdaq Listing Rule 5250(c)(1). Analysts have a consensus price target of $1.70.

    The Marcus Corporation (MCS) stock drop by -1.48% to $14.68 after The Marcus Corporation Announces Second Quarter Fiscal 2020 Release Date and Conference Call. The most recent rating by B. Riley FBR, on July 06, 2020, is at a Buy.

    Netflix Inc. (NASDAQ:NFLX) Shares headed falling, lower as much as -0.12%. The most recent rating by UBS, on July 14, 2020, is at a Neutral.

    ViacomCBS Inc. (NASDAQ:VIAC) rose 2.28% after gaining more than $0.54 on Tuesday.

    The Walt Disney Company (DIS) last closed at $118.66, in a 52-week range of $79.07 to $153.41. Analysts have a consensus price target of $122.35.

    The Liberty Braves Group (BATRK) stock soar by 3.12% to $18.20. The Liberty Braves Group (NASDAQ:BATRA) Shares headed rising, higher as much as 2.77%. The most recent rating by The Benchmark Company, on December 17, 2019, is at a Buy.

    Eros International Plc (NYSE:EROS) fall -3.23% after losing more than -$0.11 on Tuesday.

    Live Nation Entertainment Inc. (LYV) last closed at $46.41, in a 52-week range of $21.70 to $76.60. Analysts have a consensus price target of $52.45.

    Charter Communications Inc. (CHTR) stock soar by 1.72% to $542.95. The most recent rating by Nomura, on July 10, 2020, is at a Buy.

    Comcast Corporation (NASDAQ:CMCSA) Shares headed rising, higher as much as 1.58%. The most recent rating by Bernstein, on July 01, 2020, is at an Outperform.

    MSG Networks Inc. (NYSE:MSGN) rose 1.01% after gaining more than $0.1 on Tuesday.

    WideOpenWest Inc. (WOW) last closed at $5.28, in a 52-week range of $2.95 to $8.12. Analysts have a consensus price target of $6.33.

    AMC Entertainment Holdings Inc. (AMC) stock drop by -0.94% to $4.22. The most recent rating by Credit Suisse, on June 29, 2020, is at an Underperform.

    Discovery Inc. (NASDAQ:DISCA) Shares headed rising, higher as much as 0.63%. The most recent rating by Goldman, on July 13, 2020, is at a Neutral.

    World Wrestling Entertainment Inc. (NYSE:WWE) rose 2.45% after gaining more than $1.09 on Tuesday.

    Liberty Broadband Corporation (LBRDK) last closed at $129.79, in a 52-week range of $86.20 to $140.00. Analysts have a consensus price target of $162.00.

    Liberty Broadband Corporation (LBRDA) stock incerased by 2.28% to $127.22. The most recent rating by TD Securities, on March 23, 2020, is at a Buy.

    Cinemark Holdings Inc. (NYSE:CNK) Shares headed falling, lower as much as -2.76%. The most recent rating by Credit Suisse, on June 29, 2020, is at a Neutral.

  • 3 NASDAQ Stocks That Are Pumping Even As the Index Stumbles

    3 NASDAQ Stocks That Are Pumping Even As the Index Stumbles

    It’s a mixed bag in the U.S markets today. The Dow Jones and the S&P 500 have gained, while the NASDAQ has declined. The S&P 500 and the Dow’s gains are driven by a recovery in energy stocks and strong earnings in the finance sector, with JP Morgan leading the way with strong quarterly earnings. The NASDAQ’s drop is mainly due to the underperformance of the big tech stocks in the early morning session. However, even as the NASDAQ lags, certain stocks within it and performing very well today. Some of the biggest winners currently are COVID-19 related stocks. Narrowing down, below are some of the best performers in this session.

    IMV Inc [NASDAQ:IMV]

    Though volatile, this stock is a top performer in mid-morning trading, and is up by 51.67%. This comes after the company’s announcement that it had made rapid progress in the development of a COVID-19 vaccine. The company said that it was working with regulators to start clinical trials in the quickest time possible.  It further added that as per its agreement with Health Canada, the first phase clinical study will be randomized and aims to check the immunogenicity and safety for its vaccine called DPX-COVID-19. Given the fact that the whole world is looking forward to a cure or a vaccine for COVID-19, breakthrough on this front could see this stock gain significantly in the foreseeable future.

    Rigel Pharmaceuticals Inc [NASDAQ:RIGL]

    Rigel Pharmaceuticals Inc is another top gainer in the current session and is up by 64.35%. This follows news that a drug that is used for treating autoimmune disorders will be tested in the U.K for treating COVID-19 pneumonia.  The company further stated that the Imperial College London will do an open-label trial for the treatment called Tavalisse. Like other COVID-19 related stocks, a breakthrough on this front could see the stock rally in the foreseeable future.

    Perceptron Inc [NASDAQ:PRCP]

    Perceptron is in a strong rally at the moment, and at the time of writing, it was up by107.82%. The stock’s strong performance follows news that the company has received new order support for its upcoming electric vehicle.  Global Newswire has reported that a Tier-1 auto supplier has selected the company’s in-line measurement technology for its battery frame, lid, and compartment measurements in an upcoming EV launch. Commenting on the deal, Perceptron’s Vice President John Kearney said that the order was the first major order the company has received from a global tier-1 supplier.  He added that in recent times, the company has recorded an increase in demand as auto OEMs seek out ways to streamline their operations. With growing demand and now the entry of a tier-1 supplier, this stock will be on investor’s radar for the foreseeable future.

  • Pre Market Report: Stock Watch Ahead Of U.S Markets Opening

    Pre Market Report: Stock Watch Ahead Of U.S Markets Opening

    U.S markets are showing signs of a rebound after a weak showing in Monday’s session. Nonetheless, market sentiment remains mixed. On the downside, there are fears that the economy could be headed for another shutdown as the coronavirus numbers continue to rise. States like California are slowing down on reopening to curtail the virus spread. There are also concerns about equities being overpriced. Most companies have taken a hit in their revenues, yet the stock market has rallied back to pre-crisis levels. This indicates a disconnect between stock market valuations and corporate performance. On the positive side, the U.S government appears ready to keep supporting the economy. Today, The New York Times has reported that the Trump administration is calling for a payroll tax cut, relief for distressed industries, and a tax holiday on capital gains. The New York Times further states that the next stimulus could be between $1 trillion to $3 trillion. While this adds to the already ballooning deficit, it offers critical support to the economy, and more specifically the equity markets.  In spite of the mixed outlook, there are stocks that are on a roll pre-market and could perform well in the day. Some of them are as below.

    Tesla [NASDAQ: TLSA]

    Tesla continues its stellar performance and is up by over 6% pre-market. The stock has been on an exponential growth path driven by its sales numbers, and a growing appetite for stocks in the market. Tesla recently announced that in Q2, it had delivered 90,650 units, beating its estimates of 74,130 units.  Some analysts believe that this points to growing demand for the company’s vehicles, which is playing to support its stock price. A JP Morgan recently stated that Tesla was now set to break even on GAAP in Q2, a factor that is changing the market’s risk evaluation of the stock. With such optimism at play, TLSA could continue its rally if the market opens in positive territory.

    INmune Bio Inc [NASDAQ: INMB]

    INmune Bio is another big mover pre-market and is up by 142.82% at the time of writing. The rally comes hours after the company released interim data showing that its treatment called XPro1595 reduces neuroinflammation in people suffering from Alzheimer’s disease. XPro1595 is an inhibitor for tumor necrosis factor that neutralizes soluble TNF, and with implications on the pathology of Alzheimer’s. Commenting on the results, the company’s director of neuroscience, CJ Barnum stated that they were happy with the findings. The response the stock has received pre-market shows that investors are optimistic that this could be a major breakthrough not just for Alzheimer’s patients, but also for the company’s bottom-line.

    ElectroCore Inc [NADAQ: ECOR]

    ElectroCore was a top gainer in yesterday’s session and closed with gains of 109.41%. The stock seems poised to continue this rally and is up by 6% in pre-market trading. The upside momentum is driven by the company’s announcement that it had received emergency use authorization from the FDA for its COVID-19 treatment.  The company stated that it was now working on making its new therapy available to medics treating COVID-19 patients that have asthma and other breathing difficulties,