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  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    The Nasdaq Composite and S&P 500 stocks closed at record highs on Monday amid fluctuations in technology stocks, while investors awaited the release of multiple financial reports.

    The Nasdaq rose 92.93 points, or 0.7%, to 13635.99 points at the end of the volatile session. The index jumped 1.4% early in the day, then dropped 1.3% and then recovered. At the same time, there were no clear catalysts for such dynamics of the index.

    The S&P 500 added 13.89 points, or 0.4%, to 3855.36 points. The Dow Jones Industrial Average fell 36.98 points, or 0.1%, to 30960.00 points. Investors are worried about disruptions in the supply of Covid-19 vaccines. Pharmaceutical giant Merck has announced that it is ending work on a Covid-19 vaccine due to disappointing test results. Thus, a major participant dropped out of the race to create an effective vaccine. Meanwhile, its competitor, AstraZeneca, warned on Friday that shipments of its vaccine to the European Union would fall short of forecast.

    Vaccination problems and the spread of new strains of coronavirus have contributed to the recent rally in technology stocks. Tech corporations should benefit from this situation, as companies and employees who have switched to telecommuting are increasingly using digital technology.

    Corporate News

    Tech stocks were volatile. Apple shares gained 2.8%. Shares of data scientist Palantir Technologies, which is due to present its software on Tuesday, jumped 11.0% after posting a 21.0% gain throughout the day.

    Twitter and Etsy were down 0.5% and 2.2%, respectively, while rallying in early trading. Among the outsiders in the United States were also shares of financial and oil and gas companies. Chevron lost 0.9%, Goldman Sachs – 2.2%, which affected the DJIA.

    Meanwhile, shares of Kimberly Clark, a maker of Kleenex wipes and Huggies diapers, rose 3.3% after it forecast net sales to rise in 2021. It also raised its quarterly dividend and announced a new $ 5 billion share buyback program. Shares of special-purpose M&A firm TS Innovation Acquisitions, part of the Tishman Speyer real estate group, jumped 44.0%.
     The yield on the 10-year US Treasury bond fell from 1.090% on Friday to 1.038%.

    Today Top Movers

    Adamas Pharma (ADMS), a drug manufacturer company, soared about 15.35% ‎at $5.86 in pre-market ‎trading Tuesday. The FDA decision on the expanded use of Adamas Pharma’s lead drug GOCOVRI is expected on February 1, 2021.‎

    ‎Arcimoto Inc (FUV) share price jumped 2.29% to $21.85 during the early morning ‎trading session on ‎Tuesday after the company revealed that it has reached an agreement to acquire Tilting Motor Works.

    ‎US Well Services Inc (USWS) stock ascended 13.08% at $1.10 in the pre-market trading today after receiving notice from the Nasdaq stock market that it has regained compliance with Nasdaq Listing Rule 5550(b)(2).

    ‎Phunware Inc (PHUN) gained over 21.37% at $1.76 in pre-market ‎trading as Today Phunware COO Randall Crowder will be presenting at the Proactive Investors One2One Investor Forum about the company’s 2021 roadmap for the commercial launch of its blockchain-enabled customer data platform and mobile loyalty ecosystem.

    Top Upgrades & Downgrades

    Goldman Sachs turned bullish on DraftKings Inc. (DKNG), upgrading the stock to “Buy” and assigning a $65.0 price target, representing a potential upside of 26.73% from Monday’s close.

    FVCBankcorp Inc. (FVCB) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $19.0, suggesting 20.03% additional upside for the stock.

    Colgate-Palmolive Company (CL) received an upgrade from analysts at Berenberg, who also set their one-year price target on the stock to $76.0. They changed their rating on CL to Hold from Sell in a recently issued research note.

    Earlier Tuesday BMO Capital reduced its rating on Sonoco Products Company (SON) stock to Market Perform from Outperform and assigned the price target to $65.

    RBC Capital analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for BlackBerry Limited (BB) has been changed to Underperform from Sector Perform.

    Analysts at Goldman Sachs downgraded Delek US Holdings Inc. (DK)’s stock to Sell from Neutral Tuesday.

    Latest Insider Activity

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark announced the sale of shares taking place on Jan 22 at $275.79 for some 55,869 shares. The total came to more than $15.41 million.

    Twitter Inc. (TWTR) Engineering Lead Montano Michael sold on Jan 20 a total 664,770 shares at $46.23 on average. The insider’s sale generated proceeds of almost $0.1 million.

    The Blackstone Group Inc. (BX) 10% Owner Blackstone BDC Holdings LLC declared the purchase of shares taking place on Jan 07 at $25.00 for some 997,940 shares. The transaction amount was around $24.95 million.

    Arcadia Biosciences Inc. (RKDA) Chief Executive Officer Plavan Matthew T bought on Aug 03 a total of 14,285 shares at $3.16 on average. The purchase cost the insider an estimated $1,849.

    Important Earnings

    Top US earnings releases scheduled for today include General Electric Company (NYSE: GE). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.09 per share from revenues of $21.83B in the three-month period.

    Analysts expect Advanced Micro Devices Inc. (NASDAQ: AMD) to report a net income (adjusted) of $0.47 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.02B.

    Microsoft Corporation (MSFT), due to announce earnings after the market closes today, is expected to report earnings of $1.64 per share from revenues of $40.18B recently concluded three-month period.

  • Early Morning Vibes: Top 4 Stocks To Watch Right Now

    Early Morning Vibes: Top 4 Stocks To Watch Right Now

    For Martin Luther King Day, the U.S. treasuries were closed yesterday. In the meantime, on Wednesday, the Americans are waiting for the unveiling of Joe Biden. In the run-up to that time, a $1900 billion corona support plan was already revealed. Janet Yellen, Minister of Economy, also accepts. The former Fed Chairman suggests that a massive boost can be used to generate the existing low-interest rates.

    The future of New York is now pointed to a higher start. The S&P future is 0.48% higher and the Nasdaq trading is even 0.80% higher. The annual findings of Bank of America and Goldman Sachs will be revealed this afternoon at 1 p.m. It’s the turn of Netflix after the closure at 10:00 PM. In the fourth quarter of 2020, JPMorgan Chase analysts plan to welcome 6 million users on the subscription site.

    Today Top Movers

    DBV Technologies (DBVT), a biotechnology company, rose about 37.99% ‎at $7.81 in pre-market trading Tuesday after it declared the receipts of written responses from the FDA to the question asked for the ‎Type A request the company submitted in Oct 2020.

    Gevo Inc (GEVO) share price climbed 39.22% to $8.91 during early morning ‎trading session on Tuesday.‎ The company will participate in Water Tower Research Fireside Chat Series on Thursday, January 21, 2021 at 3:00 pm EST.

    Nio Inc (NIO) stock escalated 4.37% at $58.73 in the pre-‎market trading today after declaring the closing of US$1.5 billion convertible senior notes.

    Castor Maritime Inc (CTRM) hiked over 8.10% at $0.36 in pre-market ‎trading on Tuesday.‎

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Facebook Inc. (FB), upgrading the stock to “Overweight” and assigning a $345.0 price target, representing a potential upside of 29.3% from Friday’s close.

    Darden Restaurants Inc. (DRI) has won the favor of Morgan Stanley’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $142.0, suggesting 17.23% additional upside for the stock. 

    Arch Capital Group Ltd. (ACGL) received an upgrade from analysts at JMP Securities. They changed their rating on ACGL to Market Outperform from Market Perform in a recently issued research note. 

    Earlier Tuesday BofA reduced its rating on Acadia Realty Trust (NYSE: AKR) stock to Neutral from Buy and assigned the price target to $17.50. 

    BofA analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Premier Inc (NASDAQ: PINC) has been changed to Underperform from Buy and the new price target is set at $36. 

    Analysts at BofA downgraded Cerner Corporation (NASDAQ: CERN)’s stock to Underperform from Buy Tuesday.

    Latest Insider Activity

    TransEnterix Inc. (TRXC) Director Milne David Bruce announced the sale of shares taking place on Jan 15 at $2.10 for some 147,058 shares. The total came to more than $0.31 million.

    Inovio Pharmaceuticals Inc. (INO) CFO KIES PETER sold on Jan 15 a total of 119,290 shares at $10.02 on average. The insider’s sale generated proceeds of almost $0.3 million. 

    Amicus Therapeutics Inc. (FOLD) Director WHITMAN BURKE W declared the purchase of shares taking place on Jan 04 at $23.17 for some 1,500 shares. The transaction amount was around $34755. 

    C.H. Robinson Worldwide Inc. (CHRW) Director SHORT BRIAN bought on Jan 04 a total 21,843 shares at $93.58 on average. The purchase cost the insider an estimated $5,159.

    Important Earnings

    Top US earnings releases scheduled for today include Bank of America Corporation (NYSE: BAC). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.55 per share from revenues of $20.68B in the three-month period.

    Analysts expect Halliburton Company (NYSE: HAL) to report a net income (adjusted) of $0.15 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.21B.

    Netflix Inc. (NFLX), due to announce earnings after the market closes today, is expected to report earnings of $1.39 per share from revenues of $6.63B recently concluded three-month period.

  • What Challenges Have Google And Facebook Been Facing And What Can Investors Expect From The Stocks?

    What Challenges Have Google And Facebook Been Facing And What Can Investors Expect From The Stocks?

    Texas Attorney General Ken Paxton filed an antitrust lawsuit against Google (Alphabet Inc.) on Wednesday, based on a bold claim: Google colluded to exploit online advertisement markets with a major rival, Facebook Inc. The global online ad sales business is dominated by these two firms.

    “Any cooperation between two competitors of this magnitude should raise strong concerns about compliance with antitrust laws.” the Texas complaint says. Google denied the claim, and Facebook refused to comment.

    Obviously, this may entail significant liability on the part of the antimonopoly authorities if the charges are verified.

    The lawsuit relates to an automated advertising technology that guides an online ad to digital advertising. It is intended to raise the fees for putting advertisements that web services, such as news agencies, will earn. The more apps come from a wide variety of sources, the higher the cost.

    In advertisement sales, Google is accused of developing software that gives the social network Facebook advantages. Google may have inflated the cost of ads for its other users due to the proposed contract.

    To judge the prospects of the trial, it is too early. The arrangement referred to in the lawsuit could be presented as a cooperative agreement between the two Internet giants in which Facebook receives from Google services that are required for the functioning of the advertisement network if the specifics of the charges are inconclusive.

    It is very likely that the proceedings will affirm Google’s stance, according to the company, that during the ad sales Facebook does not receive any special data.

    Shares of both businesses respond with high uncertainty, as on Wednesday, nine states entered the Texas lawsuit. More than 80% of Alphabet Inc’s (GOOGL) revenue is accounted for by Google’s ad sales. The latest financial report by Alphabet shows that digital advertising revenue is more than $37 billion per year. Stocks will remain under pressure, but despite this the target of Google (GOOGL) stock will be to hit $1925 per share in the medium term, and Facebook (FB) is $300 per share in the medium term.

  • Facebook (FB) to refund certain advertisers after miscalculating data on the performance

    Facebook (FB) to refund certain advertisers after miscalculating data on the performance

    Since falsely reporting one of the indicators of the possible efficacy of their ads over the span of a year, Facebook (FB) is paying back some advertisers.

    Between August 2019 and August 2020, the corporation’s “conversion lift” tool experienced a glitch that allegedly affected thousands of advertisements.

    In September, Facebook patched the mistake and is now providing a loan to consumers “significantly affected” by the error.

    According to an explanation of the tool on Facebook’s website, conversion lift lets involves systematically how advertisements contribute to revenue, using a “gold-standard methodology” that connects advertising on Facebook sites like Instagram, to market results.

    The free tool presents advertising for different evaluation and control categories and then compares each revenue conversion. Then an advertiser will determine how much to invest in the social network depending on the outcome of the analysis.

    But marketers, according to a post on the AdExchanger website, were only alerted to the mistake this month.

    We found a technological error that impaired some conversion lift testing when making changes to our measuring goods. We have resolved this and are partnering with advertisers that have affected studies. A “tiny proportion” of advertisers were affected, and according to the firm, they would get a “one-time credit.”

    It’s not the first time that Facebook has confessed to reporting errors. In September 2016, it said it misjudged the total time users spend watching video ads over a two-year period, and a study showed in 2017 that in some U.S. states and counties, Facebook appeared to attract more people than official demographic figures said existed in those regions.

    Facebook is a global platform for ads, whose revenue comes mainly from smaller advertisers. In the q3, its ad sales hit $21.2 billion, up 22 percent on the year before and it expects holiday demand in the 4th quarter to boost ad revenue.