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Category: Market News

  • Here Are 2 Stocks You Should Keep Your Eyes On AMD and INTC

    Here Are 2 Stocks You Should Keep Your Eyes On AMD and INTC

    The semiconductor industry is considered to be the most important industry and most nations are striving to remain competitive at least some aspect of this critical industry. Advanced semi-conductors create better products that lead to a greater demand in this industry. Currently, economic uncertainty is prevailing in almost every sector of the world because of the ongoing viral pandemic. Here are two stocks in the semiconductor industry that investors should consider buying are Advanced Micro Devices, Inc. (NASDAQ: AMD) and Intel Corporation (NASDAQ: INTC). Both these semiconductor companies are facing new challenges but their competitive edge makes both stocks worth buying.

    Advanced Micro Devices, Inc. (NASDAQ: AMD)

    Advanced Micro Devices, Inc. (NASDAQ: AMD) share has experienced unusual options activity on Tuesday as the company stock price moved up 2.88% during the trading session of Tuesday. Investors will be expecting a good performance from AMD as it heads towards its next earnings release. AMD is anticipating to report earnings of $0.36 per share, which would represent year-over-year growth of 100%.

    Advanced Micro Devices has recently launched the first AMD RyzenTM mobile processors and the latest AMD AthlonTM mobile processors for Chromebook platforms. These processors have 178% faster web browsing capability as compared to the previous generation. These two processors were designed in partnership with Google.

    The AMD Ryzen and Athlon 3000 C-Series Mobile Processor lineup introduces the first-ever ‘Zen’ architecture-powered Chromebooks of its kind with systems from Acer, ASUS, HP, and Lenovo launching in Q4 2020. AMD Ryzen 3000 C-Series Mobile Processor has the ability to perform 212% better compared to the previous generation of AMD Chromebooks. It offers 104% faster office productivity performance compared to the previous generation AMD Chromebooks.

    Advanced Micro Devices now holds nearly 20% of the PC Chip market and nearly 6% of the server chip market. This company is using third-party Taiwan Semiconductor Manufacturing for its chips. It has been disclosed that its EPYC server chips and Ryzen PC Chips are currently manufactured on TSMC’s 7nm process.

    This company share has gained +2.29 on Tuesday at $81.77. Its share price went from a low point around $27.43 to briefly over $94.28 in the past 52-weeks of trading. AMD stock has moved up 198.10% from its 52-weeks low and moved down -13.27% from its 52-weeks high. Looking at its profitability, it has a return on assets, equity, and investment of 10.30%, 21.50%, and 12.40%, respectively. AMD market capitalization has remained high, hitting $93.25 billion at the time of writing.

    Intel Corporation (NASDAQ: INTC)

    If we look at Intel Corporation (NASDAQ: INTC) has launched the 11th Gen Intel® Core™ processors, Intel Atom® x6000E series, and Intel® Pentium® and Celeron® N and J series which has different internet of things capabilities. Intel’s main competitive advantage is that it has worked closely with its customers. INTC enabled its customers and developers to work faster and deliver more powerful results with enhanced, containerized packages to enable sensing, vision, automation, and other transformative edge applications.

    On the other hand, the company has entered into a strategic collaboration with Lightbits labs to solve the problems of today’s data center operators. Intel Corporation has also announced that it is scheduled to host its second of two Intel® Partner Connect events on October 20, 2020. It aimed to build a trusted foundation for computing in a data-centric world.

    This company shares headed falling 0.47% after its lost -0.24 on Tuesday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low range of $43.63 and a high range of $69.29. It has moved up 17.33% from its 52-weeks low and moved down -26.12% from its 52-weeks high. Focusing on its liquidity, it has a current ratio of 2.00. This company’s market capitalization has remained high, hitting $214.13 billion at the time of writing.  Intel Corporation is still making a lot of money and has been growing during the pandemic.

     

     

  • Why Adial Pharmaceuticals (NASDAQ: ADIL) Is Soaring Today?

    Why Adial Pharmaceuticals (NASDAQ: ADIL) Is Soaring Today?

    Shares of Adial Pharmaceuticals, Inc. (NASDAQ: ADIL) traded up 114.89% after the company announced that it has received the Emergency Use Authorization (EUA) from FDA for Assure/FaStep® COVID-19 IgG/IgM Rapid Test Device. This Emergency Use Authorization from the FDA is the first antibody point-of-care test for COVID-19.

    The rapid test device, the blood samples were used using fingerstick as compared to other approved tests which are recently using only plasma, serum, or venous blood. After the authorization from FDA, fingerstick blood samples can be used with the FaStep COVID-19 IgG/IgM Rapid Test Device for the test in point-of-care settings, including urgent care centers, emergency rooms, doctors’ offices, hospitals, or other locations where there is a licensed healthcare professional.

    Previously, this FaStep COVID-19 IgG/IgM Rapid Test Device is used for the detection of SARS-CoV-2 antibodies in the individuals and it is used to identify the recent or previous COVID-19 infection. Various other kits were present but they haven’t got the authorization for the fingerstick blood sample.

    Shares of Adial Pharmaceuticals soared 114.89% after it gained +1.62 during the trading session of Tuesday. It has a closing price of $3.03. In the past 52-weeks of trading, this company’s stock fluctuated between the low of $1.00 and a high of $3.17. It has moved up to 203.00% from its 52-weeks low and moved down -4.42% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 13.90. This company’s market capitalization has remained high, hitting $41.06 million at the time of writing.

    Adial has announced that it has started the sales of the FaStep COVID-19 IgG/IgM rapid antibody test kits to healthcare providers and hospitals through The iRemedy Healthcare Companies, Inc. (iRemedy) network and e-commerce platform. This company has earlier filed for Expedited Review of AD04 with the FDA. AD04 is the drug candidate used for the treatment of Alcohol Use Disorder (AUD)

  • 20 Trending Stocks In Oil And Gas Industry You Should Keep Your Eyes On

    20 Trending Stocks In Oil And Gas Industry You Should Keep Your Eyes On

    The dependence on oil and gas is continuously increasing as the global economies continue to depend on petroleum-based products. This industry has gained a reputation as the world’s largest industry. The oil and gas industry has an enormous impact on all aspects of daily life. Oil and gas provide the 7.7 billion people of the world with 57 percent of their daily energy needs.

    The technological advancements and the new emerging trends have changed this industry. The outbreak of coronavirus has impacted this industry and has added a major layer of uncertainty. Let take a look at the top 20 companies which are following new trends and are competing in the market with their unique products and services:

    WPX Energy Inc. (NYSE: WPX)

    WPX Energy Inc. (NYSE: WPX) shares were trading up 16.44% at $5.17 at the time of writing on Monday. WPX Energy Inc. (NYSE: WPX) share price went from a low point around $1.94 to briefly over $14.43 in the past 52 weeks, though shares have since pulled back to $5.17. WPX market cap has remained high, hitting $2.88B at the time of writing, giving it a price-to-sales ratio of more than 1.

    U.S. oil and gas producer Devon Energy Corp revealed on Monday it will acquire shale-oil rival WPX Energy Inc for $2.56 billion as it is trying to boost its presence in the top U.S. oilfield. If we look at the recent analyst rating WPX, Truist upgraded coverage on WPX shares with a Buy rating.

    Devon Energy Corporation (NYSE: DVN)

    Devon Energy Corporation (NYSE: DVN) last closed at $9.80, in a 52-week range of $4.60 to $26.42. WPX ENERGY Bragar Eagel & Squire, P.C. Investigates Sale of WPX and Encourages Investors to Contact the Firm. Earlier, Devon Energy Corporation has announced the acquisition of WPX Energy Inc. This is the biggest shale deal of the same sector. Devon Energy has moved up 102.94% from its 52-weeks low and moved down -64.65% from its 52-weeks high. It has a total market capitalization of $3.81 billion at the time of writing.

    Marathon Oil Corporation (NYSE: MRO)

    Marathon Oil Corporation (NYSE: MRO) stock soar by 3.62% to $4.29. The most recent rating by Northland Capital, on September 14, 2020, is at a Market perform. Marathon Oil Corporation (MRO) has earlier started a cash tender offer for up to an aggregate principal amount of $500,000,000 of its outstanding $1,000,000,000 aggregate principal amount of 2.800% Senior Notes due 2022. It has a total market capitalization of $3.53 billion at the time of writing.

    Occidental Petroleum Corporation (NYSE: OXY)

    Occidental Petroleum Corporation (NYSE: OXY) shares headed rising, higher as much as 1.17%. The most recent rating by Scotiabank, on September 24, 2020, is at a Sector outperform. Occidental Petroleum Corporation (OXY) earlier announced that it will pay a $200 million quarterly dividend to Warren Buffett’s Berkshire Hathaway Inc in cash instead of common stock, even as the company tries to reduce debt following a plunge in oil prices.

    Apache Corporation (NASDAQ: APA)

    Apache Corporation (NASDAQ: APA) rose 4.26% after gaining more than $0.42 on Monday. Apache Corporation (APA) board of directors of Apache Corporation has earlier declared a regular cash dividend on the company’s common shares. The dividend on common shares is payable Nov. 23, 2020, to stockholders of record on Oct. 22, 2020, at a rate of 2.5 cents per share on the corporation’s common stock.

    Oasis Petroleum Inc. (NASDAQ: OAS)

    Oasis Petroleum Inc. (NASDAQ: OAS) fall -0.29% after losing more than $0.0 on Monday. Oasis Petroleum Inc. (OAS) has earlier announced that the Company elected to enter into a 30-day grace period and defer making the interest payments due September 15, 2020, on its 6.875% Senior Unsecured Notes due 2022 and 2.625% Senior Unsecured Convertible Notes due 2023.

    CNX Resources Corporation (NYSE: CNX)

    CNX Resources Corporation (NYSE: CNX) last closed at $10.22, in a 52-week range of $4.26 to $14.19. Analysts have a consensus price target of $13.67. CNX Resources Corporation (CNX) has earlier revealed that CNX has completed the acquisition of all of the outstanding common units of CNX Midstream that it did not already own. Its market capitalization has remained high, hitting $2.06 billion at the time of writing.

    EOG Resources Inc. (NYSE: EOG)

    EOG Resources Inc. (NYSE: EOG) stock drop by -0.03% to $37.44. The most recent rating by Northland Capital, on September 14, 2020, is at a Market perform. EOG Resources Inc. (EOG) has earlier named Michael T. Kerr as a member of the Board of Directors, effective October 5, 2020. Kerr has over 36 years of investment experience, including 35 years with Capital Group, home of American Funds®, and one of the world’s oldest and largest investment management organizations.

    SM Energy Company (NYSE: SM)

    SM Energy Company (NYSE: SM) Shares headed rising, higher as much as 0.58%. The most recent rating by Seaport Global Securities, on July 27, 2020, is at a Neutral. SM Energy Company (SM) revealed that its Board of Directors has approved a semi-annual cash dividend of $0.01 per share of common stock outstanding. The dividend will be paid on November 4, 2020, to stockholders of record as of the close of business on October 23, 2020.

    Southwestern Energy Company (NYSE: SWN)

    Southwestern Energy Company (NYSE: SWN) last closed at $2.50, in a 52-week range of $1.06 to $3.90. Analysts have a consensus price target of $3.28. Southwestern Energy Company (SWN) has moved up 118.87% from its 52-weeks low and moved down -40.51% from its 52-weeks high. It has a total market capitalization of $1.56 billion at the time of writing.

    Noble Energy Inc. (NASDAQ: NBL)

    Noble Energy Inc. (NASDAQ: NBL) stock soar by 3.06% to $8.75. The most recent rating by Citigroup, on August 31, 2020, is at a Neutral. Noble Energy Inc. (NBL) share price went from a low point around $2.73 to briefly over $25.08 in the past 52 weeks, though shares have since pulled back to $8.58. NBL market cap has remained high, hitting $4.25 B at the time of writing.

    Parsley Energy Inc. (NYSE: PE)

    Parsley Energy Inc. (NYSE: PE) shares headed rising, higher as much as 7.43%. The most recent rating by Piper Sandler, on July 21, 2020, is at an Overweight. Parsley Energy Inc. (PE) shares fluctuated between the low of $3.92 and a high of $20.13. It has moved up 140.82% from its 52-weeks low and moved down -53.09% from its 52-weeks high. This company market capitalization has remained high, hitting $4.02 billion at the time of writing.

    Antero Resources Corporation (NYSE: AR)

    Antero Resources Corporation (NYSE: AR) last closed at $2.96, in a 52-week range of $0.64 to $4.64. Analysts have a consensus price target of $4.13. Antero Resources Corporation (AR) has moved up 340.13% from its 52-weeks low and moved down -39.48% from its 52-weeks high. It has a total market capitalization of $832.38 Million at the time of writing.

    ConocoPhillips (NYSE: COP)

    ConocoPhillips (NYSE: COP) stock soar by 0.03% to $33.71. The most recent rating by KeyBanc Capital Markets, on September 25, 2020, is at an Overweight. ConocoPhillips shares fluctuated between the low of $20.84 and a high of $67.13. It has moved up 59.06% from its 52-weeks low and moved down -50.62% from its 52-weeks high. This company market capitalization has remained high, hitting $36.05 billion at the time of writing.

    Centennial Resource Development Inc. (NASDAQ: CDEV)

    Centennial Resource Development Inc. (NASDAQ: CDEV) shares headed rising, higher as much as 13.42%. The most recent rating by Wells Fargo, on September 14, 2020, is at an Underweight. Centennial Resource Development Inc. (CDEV) share price went from a low point around $0.24 to briefly over $5.35 in the past 52 weeks, though shares have since pulled back to $0.62. CDEV market cap has remained high, hitting $187.84 Million at the time of writing.

    Kosmos Energy Ltd. (NYSE: KOS)

    Kosmos Energy Ltd. (NYSE: KOS) rose 6.00% after gaining more than $0.06 on Monday. Kosmos Energy Ltd. (KOS) shares fluctuated between the low of $0.50 and a high of $7.55. It has moved up 101.60% from its 52-weeks low and moved down -86.62% from its 52-weeks high. This company market capitalization has remained high, hitting $446.90 million at the time of writing.

    Ovintiv Inc. (NYSE: OVV)

    Ovintiv Inc. (NYSE: OVV) stock soar by 1.97% to $8.79. The most recent rating by Credit Suisse, on August 05, 2020, is at a Neutral. Ovintiv Inc. (OVV) share price went from a low point around $2.10 to briefly over $25.00 in the past 52 weeks, though shares have since pulled back to $8.30. OVV market cap has remained high, hitting $2.33 Billion at the time of writing.

    Range Resources Corporation (NYSE: RRC)

    Range Resources Corporation (NYSE: RRC) rose 3.25% after gaining more than $0.23 on Monday. Range Resources Corporation (RRC) shares fluctuated between the low of $1.61 and a high of $9.73. It has moved up 332.92% from its 52-weeks low and moved down -25.61% from its 52-weeks high. This company market capitalization has remained high, hitting $1.93 billion at the time of writing.

    Tellurian Inc. (NASDAQ: TELL)

    Tellurian Inc. (NASDAQ: TELL) last closed at $0.73, in a 52-week range of $0.67 to $8.72. Tellurian Inc. (TELL) It has moved up 10.13% from its 52-weeks low and moved down -91.58% from its 52-weeks high. This company market capitalization has remained high, hitting $232.13 Million at the time of writing.

    Murphy Oil Corporation (NYSE: MUR)

    Murphy Oil Corporation (NYSE: MUR) Shares headed rising, higher as much as 5.38%. The most recent rating by Scotiabank, on September 24, 2020, is at a Sector underperform. Murphy Oil Corporation (MUR) has a total market capitalization of $1.43 billion at the time of writing.

  • Sorrento Therapeutics Reports Data On STI-1499 And STI-2020 Neutralizing Antibodies Against SARS-CoV-2

    Sorrento Therapeutics Reports Data On STI-1499 And STI-2020 Neutralizing Antibodies Against SARS-CoV-2

    Sorrento Therapeutics, Inc. (NASDAQ: SRNE) announced today the result of COVI-GUARD™ (STI-1499) and COVI-AMG™ (STI-2020) neutralizing antibodies (nAbs) against SARS-CoV-2. Both the STI-1499 and STI-2020 antibodies have shown the neutralizing activities against SARS-CoV-2 virus infection in preclinical models.

    STI-1499 neutralizing antibody has earlier received the green signal from the FDA in the Phase 1 clinical trial in hospitalized COVID-19 patients. While the STI-2020 is a matured version of the COVI-GUARD neutralizing antibody and has shown a greater than 50-fold increase in potency in Invitro experiments. Both the neutralizing antibodies have demonstrated 100% In vitro neutralization of SARS-CoV-2.

    STI-1499 and STI-2020 nAb has shown the promising result in the pre-clinical studies. Hamsters that are infected with coronavirus when received the single dose of STI-2020 have gained within 48 hours after the injection of neutralizing antibodies. It has been disclosed that the 500 µg single dose of STI-2020 injected in hamsters in the preclinical studies would be equivalent to a human dose of less than 100 mg of antibody.

    As compared to other medical treatment for SAR-CoV-2, this antibody has shown very promising results at a low dose. Therefore, it is considered that the COVI-AMG could potentially be injected as a simple and rapid injection to treat COVID-19 patients. The company has earlier received FDA authorization for STI-1499 to treat hospitalization COVID-19 patient and the company is planning to submit IND for STI-2020 soon.

    Sorrento Therapeutics has also reported the positive Phase 1b trial data of resiniferatoxin (RTX). The data revealed that the RTX has not shown any negative safety signal as of September. The Phase 1b trial has been conducted to study the effectiveness of resiniferatoxin (RTX) for the treatment of moderate to severe pain due to osteoarthritis (OA) of the knee.

    The Phase 1b trial of RTX has shown the encouraging results and the company has now decided to start the Phase 2 clinical trial of an investigational drug product in 2020. It is expected that the Phase 3 clinical trial will start in 2021 after completing additional enabling preclinical studies.

    Sorrento Therapeutics, Inc. (NASDAQ: SRNE) shares were trading up 4.73% at $10.63 at the time of writing on Tuesday. Sorrento Therapeutics, Inc. share price went from a low point around $1.39 to briefly over $19.39 in the past 52 weeks. It has moved up 664.76% from its 52-weeks low and moved down -45.18% from its 52-weeks high. SRNE market cap has remained high, hitting $2.47 billion at the time of writing.

  • U.S. Energy Corp. (NASDAQ:USEG) Announces Asset Purchase Agreement

    U.S. Energy Corp. (NASDAQ:USEG) Announces Asset Purchase Agreement

    The U.S. Energy Corp. (NASDAQ: USEG) disclosed today that it has signed an Asset Purchase Agreement and executed the transaction to buy operated and non-operated producing assets. The acquired property located in Lea County, New Mexico, and Converse County, Wyoming. This acquisition is the second acquisition of U.S Energy in 2020.

    The acquired properties had total estimated proved reserves of approximately 237,263 Boe (63% oil), all of which are Proved Developed Producing reserves and had a present value of estimated future net revenues before income taxes discounted at 10% (PV10) value of approximately $2.5 million, as of August 1, 2020.

    The financial consideration paid at closing by  U.S. Energy included $500,000 in cash. U.S Energy Corp. has also revealed that the company entered into a $375,000 Secured Promissory Note with the largest shareholder of the Company, APEG Energy II, L.P. All the profits the company gained will be used in the current acquisition.

    U.S. Energy Corp. (NASDAQ: USEG) shares went up 0.70% as it gained +0.03 at $4.32 during the trading session of Monday. In the past 52-weeks of trading, this company’s stock fluctuated between the low range of $2.44 and a high range of $9.55. USEG has moved up 77.01% from its 52-weeks low and has moved down -54.76% from its 52-weeks high. This company market capitalization has remained high, hitting $6.05 million at the time of writing.

    The Properties, bought at an approximate 80% discount to their current PDP PV-10 reserve value, add reserves and immediate free cash flow, with operated acreage positions that are held by production to offer optionality for future opportunities. The Lea County, New Mexico assets comprise approximately 82% of total PDP volumes. While the Converse County, Wyoming assets include approximately 15% of total PDP volumes.

     

  • Ambow Education (AMBO) Announces Partnership With Amazon

    Ambow Education (AMBO) Announces Partnership With Amazon

    Ambow Education Holding Limited (AMBO) has announced that it has expanded its strategic partnership with Amazon. Ambow Education and Amazon both entered into a partnership contract in 2018. The agreement between the two companies is related to Amazon Web Services (AWS) training and certification. Amazon and Ambow Education both agreed to jointly build a cloud skills training base.

    The AWS Global Cloud infrastructure is considered to be the most secure, extensive, and reliable cloud platform. This platform is providing over 175 fully-featured services from data centers globally and it covered 245 different countries and territories.

    As per the newly expanded agreement between the Amazon and Ambo,  AWS will not only include both AWS digital and classroom training courses as well as certification services offered by Huanyujun but also combine enterprise recruiting programs and training offerings. If we sum up the expanded cooperation of both the companies, Ambow will now offer AWS training for cloud skills, specific and catered to various enterprise hiring needs.

    Shares of Ambow  Education Holding Limited (NYSE: AMBO) traded up 125.97% as it gained +2.28 during the trading session of Monday. It has a closing price of $4.09. In the past 52-weeks of trading, this company’s share fluctuated between the low of $1.10 and a high of $4.81. It has moved up 271.82% from its 52-weeks low and moved down -14.97% from its 52-weeks high. This company market capitalization has remained high, hitting $85.64 million at the time of writing.

    The expanded cooperation between Amazon and Ambow Education also provides an opportunity for registered students at Huanyujun to gain first free access to sign-up for the joint program. Ambow Education is not only providing benefits in curriculum development, job placement services, and professional training but also offered services in career planning, job placement consultancy, and certification training.

    AMBO has recently introduced a new enterprise partnership program that is supported by AWS and will integrate the AWS cloud training and certification system into Ambow Panorama Digital Teaching System and Ambow Cloud Platform, making it accessible at the Huanyujun Education Hub. This new digital solution provides an opportunity for Ambow to attract more and more talented students to Huanyujun.

     

  • Everything you need to know about Aptorum Group Limited [APM] RPIDD Deal

    Everything you need to know about Aptorum Group Limited [APM] RPIDD Deal

    It’s a good start to the day for Aptorum Group Limited [NASDAQ:APM] investors. The stock has been gaining quite strongly since early morning and was up by over 600% just before markets opened.

    The massive gains come after the company announced that it had launched an infectious disease liquid biopsy startup. The company also announced that it landed an exclusive in-license deal for the development of molecular-based rapid pathogen diagnostics tools from Singapore based Accelerate Technologies. The tools developed under the co-development deal will be used in tracking pathogenic genomes.

    Aptorum intends to leverage the deal to aggressively grow market share in the molecular tools diagnostics market. This is a big deal considering that the molecular diagnostics market is expected to hit a valuation of $13.8 billion by the year 2025. It is also noteworthy that around 60% of this $13.8 billion market is expected to be driven by infectious disease, an area that the company intends to reach using high-tech RPIDD technologies.

    RPIDD is a technology that can identify and detect pathogens, with a high degree of accuracy. It has the capacity to identify both known pathogens and emerging ones such as coronaviruses and bacteria that are resistant to antibiotics. It is also important to note that this technology can do this cost-effectively and without bias, by using a liquid biopsy, software analytic and genome sequencing.

    Through its subsidiary called Aptorum Innovations Pte Ltd, Aptorum Group will have exclusive licensing and commercialization rights to the RPIDD technology that is being developed in partnership with Accelerate Technology. Aptorum Group has also stated that it wants to start developing RPIDD-driven infectious disease laboratories in the next 2 years.

    The company added that one of these labs would be located in Singapore and that it would work with hospitals and other health facilities in the country. Other locations where it intends to set up the labs are in Australia and Hong Kong.

    Commenting on the development, the company’s CEO Dr Clark Cheng stated that with the global disruption caused by COVID-19, and the global issue of antibiotic resistance all played a role in the company’s decision to bolster its capacity in biopsy diagnostics. He added that the mortality rates of infectious diseases was quite high and necessitated action. He further stated that the company, through its subsidiary would roll out RPIDD commercially by setting proprietary labs.

    About Aptorum Group Limited

    Aptorum Group Limited is a pharma company that develops treatments for unmet needs. It is based in London, United Kingdom.

     

  • Profitable Stocks to Watch on a potentially Slow Day

    Profitable Stocks to Watch on a potentially Slow Day

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

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

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

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

    Westwater Resources Inc [NASDAQ: WWR]

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

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

    Greenpro Capital Corp [NASDAQ: GRNQ]

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

    LM Funding America Inc [NASDAQ: LMFA]

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

     

  • Stocks to Watch for Quick Gains This Week

    Stocks to Watch for Quick Gains This Week

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

    Oxbridge Re Holdings Ltd [NASDAQ: OXBR]

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

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

    Virgin Galactic Holdings Inc [NYSE: SPCE]

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

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

    Uber [NYSE: UBER]

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

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

     

     

  • Here Are 10 Best Solar Industry Stocks To Consider

    Here Are 10 Best Solar Industry Stocks To Consider

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

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

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

    SPI Energy Co. Ltd. (NASDAQ: SPI)

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

    Sunrun Inc. (NASDAQ: RUN)

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

    JinkoSolar Holding Co. Ltd. (NYSE: JKS)

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

    SunPower Corporation (NASDAQ: SPWR)

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

    Canadian Solar Inc. (NASDAQ: CSIQ)

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

    Enphase Energy Inc. (NASDAQ: ENPH)

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

    Sunworks Inc. (NASDAQ: SUNW)

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

    First Solar Inc. (NASDAQ: FSLR)

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

    Vivint Solar Inc. (NYSE: VSLR)

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

    Sunnova Energy International Inc. (NYSE: NOVA)

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