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Today’s Morning Alert: Top Movers, Analyst Ratings & Important Earnings

On March 8, American stock exchanges finished trading mostly in the red zone. The S&P 500 index fell 0.54% to 3821 points, the Dow Jones added 0.97%, the NASDAQ lost 2.41%. The outsiders were the IT sector (-2.46%) and the communications sector (-1.47%). The “value” stocks continued to outperform the market: the finance, industrial, and raw materials sectors stood out. Treasury yield rises to 1.60%.

Company News

GameStop Corp. (GME: + 41.2%) announced the formation of a strategic commission as part of a business model change taking into account new technologies.

McAfee (MCFE: + 12.7%) will sell corporate business to Symphony Technology Group to focus on consumer cybersecurity.

Diversified corporation General Electric (GE: + 4.2%) announced that the company is close to a deal to sell a non-core aircraft leasing asset to the Irish group AerCap. The transaction value is more than $ 30 million.

Today, global stock markets are showing mixed dynamics. During this day, the focus of attention of investors will be directed to the vote of the House of Representatives on the stimulus package approved earlier by the Senate in the amount of $ 1.9 trillion. Markets are confident that the stimulus package will also be approved by the lower house of the US Congress. Earlier, President Joe Biden said that Americans will be able to receive payments under the program as early as this month.

Despite the fact that Fed Chairman Jerome Powell and FOMC member Lael Brainard noted that further rate hikes could lead to a slowdown on the way to achieving the Fed’s goals, so far this risk remains moderate. Although the approval of the stimulus package has caused a lot of attacks in connection with the current dynamics of bond rates, however, representatives of the regulator do not express much concern about this trend. Janet Yellen noted that the economy will return to full employment in 2022. Speaking about the stimulus package, the US Treasury Secretary said she did not expect the economy to overheat amid injections of additional capital into the stock market.

The Freedom Finance Sentiment Index remained at 78 out of 100. The indicator reflects the hope of market participants for a recovery in the global economy in 2021. Concerns about a new wave of the pandemic are balanced by the growing pace of vaccinations.

Today Top Movers

Vaccinex Inc. (VCNX) stock soared 3.83% to $2.98 in the pre-market trading.

INVO Bioscience Inc (INVO) is up 91.32% to $5.95 in the early morning trading session. The company recently revealed an amendment under its exclusive U.S. commercialization agreement with Ferring Pharmaceuticals.

GT Biopharma Inc. (NASDAQ: GTBP) shares are trading up 98.9% at $9.03 at the time of writing after declaring preclinical results for its ROR1 TriKE™ as a treatment for prostate cancer. The company’s 52-week ranged between $1.53 to $13.09.

Socket Mobile Inc. (SCKT) grew over 0.13% at $7.64 in pre-market trading today.

Top Upgrades & Downgrades

Goldman Sachs turned bullish on Nomura Holdings Inc. (NMR), upgrading the stock to “Buy”.

Extended Stay America Inc. (STAY) has won the favor of Baird’s equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $15.

Whiting Petroleum Corporation (WLL) received an upgrade from analysts at Wells Fargo, who also set their one-year price target on the stock to $40. They changed their rating on WLL to Overweight from Equal-Weight in a recently issued research note.

Earlier Tuesday Wells Fargo reduced its rating on Range Resources Corporation (RRC) stock to Equal-Weight from Overweight and assigned the price target to $14.

Deutsche Bank analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Stitch Fix Inc. (SFIX) has been changed to Hold from Buy and the new price target is set at $54.

Analysts at Wells Fargo downgraded SM Energy Company (SM)’s stock to Equal Weight from Overweight Tuesday.

Latest Insider Activity

Halliburton Company (HAL) Senior Vice Pres – Tax Jones Myrtle L announced the sale of shares taking place on Mar 05 at $23.50 for some 5,462 shares. The total came to more than $0.13 million.

The Gap Inc. (GPS) Brand President & CEO Green Nancy sold on Mar 05 a total of 62,693 shares at $27.00 on average. The insider’s sale generated proceeds of almost $89991.0.

The Wendy’s Company (WEN) Chief Legal Ofcr & Secretary Wunsch E.J. declared the purchase of shares taking place on Mar 05 at $18.98 for some 7,500 shares. The transaction amount was around $0.14 million.

Dominion Energy Inc. (D) Director Kington Mark J bought on Mar 04 a total 81,089 shares at $69.29 on average. The purchase cost the insider an estimated $138,578.

Important Earnings

Top US earnings releases scheduled for today include InspireMD Inc. (AMEX: NSPR). It will announce its Mar 2021 financial results. The company is expected to report earnings of -$0.08 per share from revenues of $1M in the three-month period.

Analysts expect DICK’S Sporting Goods Inc. (NYSE:DKS) to report a net income (adjusted) of $2.28 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $3.07B.

Clean Energy Fuels Corp. (CLNE), due to announce earnings after the market closes today, is expected to report revenues of $71.3M recently concluded three-month period.

March 9, 2021
Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

On March 5, the American stock exchanges closed in the green zone. The S&P 500 rose 1.95% to 3842 points, the Dow Jones added 1.85%, the NASDAQ rose 1.55%. All sectors, led by the energy sector, showed a confident growth, which continues to rally supported by oil prices. After the OPEC + decision to leave the production level unchanged, the energy quotes are moving up. Treasury yields were held near weekly highs. The Fed has confirmed its long-term plans to maintain the current parameters of monetary policy.

Company News

Online real estate marketplace CoStar Group (CSGP: + 5.3%) abandoned the acquisition of CoreLogic (CLGX) due to the impact of rising rates on the prospects for the mortgage refinancing market.

Apparel retailer Gap (GPS: + 7.6%) posted a decline in revenue, but EPS was above forecast. The prospects for the development of the Old Navy and Athleta brands are noted.

Insurance company Guidewire Software (GWRE: -4.8%) did better than expected, but margins are worrisome.

Today, global stock markets are showing mixed dynamics. On Saturday, the Senate passed a $ 1.9 trillion stimulus package. It includes a reduction in weekly unemployment benefits from $ 400 to $ 300, direct payments of $ 1,400 for about 85% of American families, $ 350 billion in state and local government assistance, as well as funding a vaccination campaign and expanding tax credits for children. On March 9, a vote on the package will be held in the House of Representatives, after which the law will be submitted to the President for signature. Market participants are confident that the law will be adopted in the first half of March.

The labor market statistics released on Friday pleasantly surprised investors. The unemployment rate fell to 6.2%, and the leisure and hospitality industry became a driver of new job growth. Against the background of a decrease in the incidence of COVID-19 and active vaccination, some states have eased quarantine restrictions: the mandatory wearing of masks and the observance of social distance in public places have been canceled. This revitalized tourism and recreation, but heightened the risk of the spread of the coronavirus. To date, about 17% of the US population has received the vaccine, and this is not enough to stop the epidemic.

Uncertain appetite for risk. The 10-year Treasury rate hovers around the 1.55% mark. Brent oil futures rise to $ 70. Gold dropped to $ 1698.

Technically, the S&P 500 marked a short-term downtrend, maintaining medium-term positive momentum. The broad market index found support near 3700, below the long-term uptrend. In the medium term, mixed dynamics is expected with the nearest support zone of 3640-3700 points.

Today Top Movers

Net Element Inc. (NASDAQ: NETE) shares are trading up 22.27% at $10.87 at the time of writing. Mullen Technologies, Inc. which previously announced a definitive agreement to merge with Net Element in a stock-for-stock reverse merger in which Mullen’s stock holders will receive a majority of the outstanding stock in the post-merger company, revealed today a strategic partnership with NexTech Batteries Inc. as an EV battery supplier and key partner for battery development and technologies.

Anchiano Therapeutics Ltd. (ANCN) stock soared 109.58% to $7.0 in the pre-market trading.

Adaptive Biotechnologies Corporation (ADPT), a Biotechnology company, rose about 11.3% at $47.0 in pre-market trading Monday. The company recently declared that the U.S. Food and Drug Administration (FDA) issued an Emergency Use Authorization (EUA) for T-Detect™ COVID to confirm recent or prior COVID-19 infection.

XpresSpa Group Inc. (XSPA) grew over 26.54% at $2.05 in pre-market trading today. On March 4, 2002, the XpresSpa Group,Inc. (Nasdaq: XSPA) announced it has signed a contract with the Port of Seattle for a COVID-19 popup testing facility at at Seattle-Tacoma International Airport (SEA).

Top Upgrades & Downgrades

KeyBanc turned bullish on The Trade Desk Inc. (TTD), upgrading the stock to “Overweight” and assigning an $851.0 price target, representing a potential upside of 30.09% from Friday’s close.

IQVIA Holdings Inc. (IQV) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $218.0, suggesting a 15.61% additional upside for the stock.

The Coca-Cola Company (KO) received an upgrade from analysts at RBC Capital, who also set their one-year price target on the stock to $60.0. They changed their rating on KO to Outperform from Sector Perform in a recently issued research note.

Earlier Monday KeyBanc reduced its rating on PRA Health Sciences Inc. (PRAH) stock to Sector Weight from Overweight.

KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Entergy Corporation (ETR) has been changed to Sector Weight from Overweight.

Analysts at Goldman Sachs downgraded Viatris Inc. (VTRS)’s stock to Neutral from Buy Monday.

Latest Insider Activity

Freeport-McMoRan Inc. (FCX) Director FORD GERALD J announced the sale of shares taking place on Mar 04 at $33.24 for some 300,000 shares. The total came to more than $9.97 million.

Zynga Inc. (ZNGA) Director DUGAN REGINA E sold on Mar 04 a total of 214,588 shares at $10.53 on average. The insider’s sale generated proceeds of almost $94244.0.

Cleveland-Cliffs Inc. (CLF) EVP, Chief Financial Officer Koci Keith declared the purchase of shares taking place on Mar 05 at $13.45 for some 15,000 shares. The transaction amount was around $0.2 million.

Enterprise Products Partners L.P. (EPD) Director WILLIAMS RANDA DUNCAN bought on Mar 04 a total of 4,915,183 shares at $22.90 on average. The purchase cost the insider an estimated $6.96 million.

Important Earnings

Top US earnings releases scheduled for today include Waitr Holdings Inc. (NASDAQ:WTRH). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.04 per share from revenues of $51.36M in the three-month period.

Analysts expect ContextLogic Inc. (NASDAQ:WISH) to report a net income (adjusted) of -$3.03 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $736.11M.

CarParts.com Inc. (PRTS), due to announce earnings after the market closes today, is expected to report earnings of -$0.1 per share from revenues of $91.97M recently concluded three-month period.

March 8, 2021
Early Morning Vibes: 4 Stocks Worth Watching Right Now

Yesterday was a volatile day on Wall Street. The S&P 500 closed 0.13% lower but looking at the high and low price we see a volatility of 2.34%. The final closing price was 3,881 points. Nasdaq 100 closed 0.22% lower, but even had a movement of 3.78% intraday. The final closing price was 13,194 points. The oldest US index is known for lower volatility than the two above. The Dow rose 0.05% and had a volatility of 1.59% intraday. During the closing bell, the Dow Jones Industrial Average was trading at 31,537 points. The high volatility on the US stock exchange translated into lower Asian stock prices.

The chairman of the Fed, Jerome Powell, took the floor yesterday. According to the Fed, it is nowhere near the time to think about normalizing monetary policy. Powell also argues that higher yields in the bond market are a sign of confidence rather than fear of inflation. A period of high inflation is usually accompanied by a period of sharply rising commodity prices. The latter are now really on the rise. You only have to take the graphs of copper, soybeans, sugar, wood, cotton and so much more. All these commodities are quoted on the futures market, which is mainly used by producers for hedging and speculators.

Company News

The Tesla stock started the year at $720 and yesterday the stock closed below $700. So Tesla is currently with a negative return. It is becoming more and more clear that not only Tesla is on a conquest. German car manufacturers are recording increasingly higher sales figures for their electric car segment, and Chinese competitors Nio and Xpeng are also showing increasingly better figures. Non-carmakers like Apple are also venturing into electric cars, suggesting Tesla is flattening its first mover advantage. Tesla delivered nearly 500,000 cars in 2020. According to Elon Musk, sales would increase by 50% annually for the next two years. Whether Tesla can deliver on this outlook will largely depend on how the economy recovers from the corona crisis.

A second possible reason for the sharp fall in Tesla shares can be found in the pricing. Tesla lowered the prices of Model Y and Model 3 by about $2,000 last week. Investors now suspect that the price drops show that demand for Tesla is not as high as most expect.

Today Top Movers

Upwork Inc. (UPWK) stock soared 18.69% to $61.21 in the pre-market trading ‎after UPWK reported adjusted fourth-quarter profit and sales. Upwork said it earned $900,000, or 1 cent a share, contrasting with a loss of $5.5 million, or 5 cents a share, in the fourth quarter of 2019.

‎Arlo Technologies Inc. (NYSE: ARLO) shares are trading up 25.45% at $8.38 at the time of writing. ARLO also reported Q4 Earnings, In a note Matthew McRae, CEO of ARLO told that company closed out the year with an 89.1% year over year paid account growth.

‎NIO Limited (NIO), an auto manufacturers company, rose about 1.71% at $49.95 ‎in pre-market trading Wednesday.‎ The share price of NIO fell in recent days, but the drop appears to have been driven by volatility leading up to the company’s earnings report, scheduled for March 1. NIO vehicles may soon be sold in the United States thanks to strong deliveries.

Big Rock Partners Acquisition Corp. (BRPA) grew over 49.05% at $65.0 in pre-market trading today.‎ BRPA has signed an agreement to complete a business combination with Big Rock Partners Acquisition. Announcing that the Phase 2b/3 trial of ZYESAMI for the treatment of Respiratory Failure in Covid-19 critically ill patients.

Top Upgrades & Downgrades

Deutsche Bank turned bullish on McAfee Corp. (MCFE), upgrading the stock to “Buy” and assigning a $23.5 price target, representing a potential upside of 20.82% from Tuesday’s close.

BigCommerce Holdings, Inc. (BIGC) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $75, suggesting 18.43% additional upside for the stock.

Bank of Montreal (BMO) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $108.0. They changed their rating on BMO to Outperform from Neutral in a recently issued research note.

Earlier Wednesday Deutsche Bank reduced its rating on InterContinental Hotels Group PLC (IHG) stock to Hold from Buy.

William Blair analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Systemax Inc. (SYX) has been changed to Market Perform from Outperform.

Analysts at Goldman Sachs downgraded Energizer Holdings Inc. (ENR)’s stock to Neutral from Buy Wednesday.

Latest Insider Activity

MGM Resorts International (MGM) Director JAMMET MARY CHRIS announced the sale of shares taking place on Feb 23 at $38.62 for some 6,626 shares. The total came to more than $0.26 million.

SunPower Corporation (SPWR) Principal Accounting Officer Heang Vichheka sold on Feb 22 a total 2,124 shares at $35.81 on average. The insider’s sale generated proceeds of almost $76060.

OPKO Health Inc. (OPK) CEO & Chairman FROST PHILLIP MD ET AL declared the purchase of shares taking place on Feb 19 at $4.77 for some 500,000 shares. The transaction amount was around $2.38 million.

Sonos Inc. (SONO) Director Volpi Michelangelo bought on Feb 19 a total 53,774 shares at $37.35 on average. The purchase cost the insider an estimated $2.0 million.

Important Earnings

Top US earnings releases scheduled for today include The TJX Companies Inc. (NYSE: TJX). It will announce its Jan 2021 financial results. The company is expected to report earnings of $0.62 per share from revenues of $11.48B in the three-month period.

Analysts expect ViacomCBS Inc. (NASDAQ: VIAC) to report a net income (adjusted) of $1.02 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $6.88B.

Gran Tierra Energy Inc. (GTE), due to announce earnings after the market closes today, is expected to report revenues of $190.43M recently concluded three-month period.

February 24, 2021
Early Morning Vibes: Top 4 Stocks To Buy Right Now

On February 18, American stock indices ended in the red. The S&P 500 index fell 0.44% to 3914 points, the Dow Jones fell 0.38%, the NASDAQ fell 0.72%, losing more than 1.5% during the session. The reason for the correction was the data on the growth in the number of applications for unemployment benefits, as well as the flow of capital into cyclical sectors. Thus, the consumer goods segment traded better than the market, ending the day with a result of + 0.14%. The energy sector corrected by 2.27%.

Company news

Software developer Twilio (TWLO: + 7.7%) posted strong quarterly results, with revenue growth exceeding expectations.

Walmart’s comparable sales (WMT: -6.5%) were better than the consensus, but investors were disappointed by the weak EPS performance and the forecast that the retailer’s capex will increase from $ 10 billion to $ 14 billion this year.

Revenue and EBITDA of lithium supplier Albemarle (ALB: -10.2%) exceeded investor expectations, but the company’s forecasts were not strong enough.

Today, global stock markets are showing mixed dynamics. Investors continue to assess the potential impact of rising bond yields on the stock market. The 10-year Treasury yield climbed to the February 2020 level. From the point of view of corporate finance, in this situation, the discount rate increases, which ultimately reduces the fair value of the shares. At the same time, an increase in the yield of government bonds reflects an improvement in economic prospects, so there is no consensus among the investment community regarding the impact of this factor on the market.

The current consensus on the fiscal stimulus package suggests that it will be approved in mid-March in the amount of about $ 1.5 trillion. Moreover, after the adoption of this package, all attention will be focused on infrastructure government spending, the project of which will be presented next month. Their estimated volume is $ 2 trillion. Rumors regarding this bill are already beginning to influence the market.

The Freedom Finance Sentiment Index climbed to 80 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospect of mass vaccinations.

Technically, the S&P 500 is still in an uptrend, the upper bound of which limits the upside potential of the broad market index. The previous trading session did not change the overall picture too much. In the short term, correction or consolidation is likely, as a bearish divergence is being formed on the RSI indicator.

Today Top Movers

Zynga Inc. (ZNGA) stock soared 1.16% to $12.24 in pre-market trading.‎ ZNGA is a global leader in interactive entertainment Games recently announced Star Wars: Hunters, a competitive arena combat game.

Cuentas Inc. (NASDAQ: CUEN) shares are trading up 46.01% at $5.49 at the time of writing. ‎CUEN is a leading FinTech provider of mobile banking and payment solutions focused on Hispanic and Latino communities. ‎

‎Mmtec Inc. (MTC) grew over 80.31% at $7.05 in pre-market trading today. MTC is a company that develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements.

‎Citius Pharmaceuticals Inc. (CTXR), a Biotechnology company, rose about 26.92% at $1.98 in pre-market trading Friday after declaring a $76.5 million registered direct offering priced at-the-market under Nasdaq Rules.‎

Top Upgrades & Downgrades

Roth Capital turned bullish on Coeur Mining Inc. (CDE), upgrading the stock to “Buy” and assigning a $10.0 price target, representing a potential upside of 19.19% from Thursday’s close.

Sabre Corporation (SABR) has won the favor of Deutsche Bank’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $17.0, suggesting 33.65% additional upside for the stock.

Everbridge Inc. (EVBG) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $200.0. They changed their rating on EVBG to Overweight from Neutral in a recently issued research note.

Earlier Friday Mizuho reduced its rating on Sunoco LP (SUN) stock to Neutral from Buy and assigned the price target to $33.0. With shares trading at around $30.58, the Wall Street firm thinks Sunoco LP’s stock could add than 7.63%.

Deutsche Bank analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for eHealth Inc. (EHTH) has been changed to Hold from Buy and the new price target is set at $63.0.

Analysts at JP Morgan downgraded The Kraft Heinz Company (KHC)’s stock to Neutral from Overweight Friday.

Latest Insider Activity

Twitter Inc. (TWTR) Chief Legal Officer Gadde Vijaya announced the sale of shares taking place on Feb 16 at $72.03 for some 14,940 shares. The total came to more than $1.08 million.

Inovio Pharmaceuticals Inc. (INO) Director BENITO SIMON X sold on Feb 16 a total of 51,650 shares at $14.68 on average. The insider’s sale generated proceeds of almost $29360.

Hepion Pharmaceuticals Inc. (HEPA) Chief Financial Officer Cavan John T declared the purchase of shares taking place on Feb 18 at $2.00 for some 10,000 shares. The transaction amount was around $20000.

United States Steel Corporation (X) Director Atkinson Tracy A bought on Feb 16 a total 17,177 shares at $17.07 on average. The purchase cost the insider an estimated $25,059.

Important Earnings

Top US earnings releases scheduled for today include MoneyGram International Inc. (NASDAQ: MGI). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.08 per share from revenues of $326.62M in the three-month period.

Analysts expect Deere & Company (NYSE: DE) to report a net income (adjusted) of $2.16 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $7.21B.

Enerplus Corporation (ERF), due to announce earnings before the market opens today, is expected to report earnings of $0.22 per share from revenues of $241.79M recently concluded three-month period.

February 19, 2021
Early Morning Vibes: Check Out These 3 hot Stocks Right Now

On February 10, American stock exchanges closed without significant changes. The S&P 500 index fell by a symbolic 0.03%, to 3910 points, the Dow Jones added 0.20%, the NASDAQ lost 0.25%. During the day, losses in the S&P 500 reached 0.6%, but its weakness was temporary. There were no new drivers of movement, but optimism about fiscal stimulus remained heightened. The cyclical consumer goods sector looked noticeably weaker than the market (-0.94%) due to Tesla shares, which fell 5.25%.

Company news

Twitter (TWTR: + 13.2%) beat consensus on revenue and EBITDA, but below-expected audience growth.

Taxi Lyft (LYFT: + 4.8%) posted better-than-expected quarterly revenue. The company said it was able to go into profit in the third quarter.

General Motors (GM: -2.1%) operating income was above market expectations. At the same time, as expected by analysts, the company warned of a shortage of semiconductors.

Dating services developer Match (MTCH: + 7.7%) acquires South Korean company Hyperconnect for $ 1.7 billion.

Today, world stock exchanges are showing mostly positive dynamics. The news background remains calm. Ultra-soft monetary and stimulating fiscal policies remain strong factors supporting optimism. Fed Chairman Jerome Powell, during his speech in New York yesterday, reaffirmed his commitment to the course at low rates and also noted that the opening of the economy will lead to a significant increase in consumer spending. However, inflationary pressure, according to Powell, may turn out to be unstable, namely, further parameters of the monetary policy will depend on inflation and unemployment.

Technical picture

Technically, the S&P 500 is still in a medium-term uptrend. The trading session the day before did not change the overall picture. The broad market index is consolidating in a tight range after rising 4% last week. Resistance at the upper border of the uptrend is still a significant obstacle.

Today Top Movers

RCM Technologies Inc (RCMT) stock ascended 126.28% at $8.35 in the pre-market trading today.‎ The company provided an update on its recently obtained projects to assist its clients in producing higher grades of ethanol for use in beverage and hygienic applications such as sanitizer-grade ethanol. ‎

Microvision Inc (MVIS) gained over 38.29% at $19.36 in pre-market ‎trading on Thursday after declaring that it has received necessary components and equipment to meet its April milestone of completing A-Samples of its Long-Range Lidar Sensor. ‎

Sonos Inc (SONO) grew over 15.59% at $36.41 in pre-market trading ‎today.‎ The maker of smart speakers generated revenue of $645.6 million in its fiscal first quarter, up from $562.1 a year earlier and ahead of the $590 million that analysts surveyed by FactSet had been projecting.

Top Upgrades & Downgrades

Wells Fargo turned bullish on The Western Union Company (WU), upgrading the stock to “Equal-Weight” and assigning a $25.0 price target, representing potential upside of 6.43% from Wednesday’s close.

Pacific Biosciences of California Inc. (PACB) 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 $52.0, suggesting a 13.29% additional upside for the stock.

AnaptysBio Inc. (ANAB) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $40.0. They changed their rating on ANAB to Overweight from Underweight in a recently issued research note.

Earlier Thursday Piper Sandler reduced its rating on Helmerich & Payne Inc. (HP) stock to Neutral from Overweight and assigned the price target to $24.

Vertical Research analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Spirit Airlines Inc. (SAVE) has been changed to Hold from Buy.

Analysts at Barclays downgraded Equitrans Midstream Corporation (ETRN)’s stock to Underweight from Equal-Weight Thursday.

Latest Insider Activity

Tesla Inc. (TSLA) Director Musk Kimbal announced the sale of shares taking place on Feb 09 at $852.12 for some 30,000 shares. The total came to more than $25.56 million.

The Walt Disney Company (DIS) Executive Chairman IGER ROBERT A sold on Feb 08 a total of 1,177,989 shares at $190.12 on average. The insider’s sale generated proceeds of almost $41.83 million.

InspireMD Inc. (NSPR) Director Kester Thomas J declared the purchase of shares taking place on Feb 08 at $0.62 for some 120,960 shares. The transaction amount was around $74995.

Penn National Gaming Inc. (PENN) Director SCACCETTI JANE bought on Feb 08 a total 41,978 shares at $120.99 on average. The purchase cost the insider an estimated $99,212.

Important Earnings

Top US earnings releases scheduled for today include Expedia Group Inc. (NASDAQ: EXPE). It will announce its Dec 2020 financial results. The company is expected to report earnings of -1.97 per share from revenues of $1.12B in the three-month period.

Analysts expect Kellogg Company (NYSE: K) to report a net income (adjusted) of $0.89 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.5B.

Tyson Foods Inc. (TSN), due to announce earnings after the market closes today, is expected to report earnings of 1.49 per share from revenues of $10.84B recently concluded three-month period.

February 11, 2021
Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

On February 9, American stock exchanges were trading in narrow ranges. The S&P 500 index fell 0.11% to 3911 points, the Dow Jones lost a symbolic 0.03%, the NASDAQ added 0.14%. The upward movement has stalled due to the lack of new drivers. The energy sector corrected 1.52% after the rally the day before. The strongest was the real estate sector, which added 0.47%.

Company news

Game developer Take-Two Interactive Software (TTWO: -6.1%) beat expectations, but stock corrected due to lack of clarity on its fiscal 2022 release schedule.

Shopify e-commerce platform (SHOP: + 6.5%) announced the integration of the Shop Pay payment method on Facebook and Instagram.

Electronic Arts (EA: + 2.6%) buys mobile game developer Glu Mobile (GLUU: + 35%) for cash. The deal will amount to $ 2.1 billion.

Today, world stock exchanges are showing mostly positive dynamics. The news background is calm. The Biden administration said on Monday that the fiscal stimulus package will likely be passed through a simplified voting procedure requiring only a Democratic majority for approval. However, this was already a highly anticipated scenario, since President Biden, the majority of Democrats, and Treasury Secretary Janet Yellen insist on a significant amount of the anti-crisis program. This positive factor continues to support buyers, but to a large extent it has already been taken into account in the quotes. The only question that remains is what changes the bill will undergo in order to be approved by the centrist democrats.

The Freedom Finance Sentiment Index climbed to 57 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing with the approach of mass vaccinations.

Technical picture

Technically, the S&P 500 is still in a medium-term uptrend. The trading session the day before did not change the overall picture. The upper limit of the trend at 3920 is still a significant obstacle. After the S&P 500 rallied 4% last week, short-term consolidation is likely.

Today Top Movers

Sundial Growers Inc (SNDL), a drug manufacturer company, soared about 18.18% ‎at $1.95 in pre-market ‎trading Wednesday.‎‎

‎Tilray Inc (TLRY) share price jumped 24.53% to $52.74 during the early morning ‎trading session on ‎Wednesday after declaring an agreement with British company Grow Pharma, to export medical marijuana to the U.K. ‎‎

‎Gamida Cell Ltd (GMDA) stock ascended 55.01% at $15.33 in the pre-‎market trading today.‎‎ The company recently revealed the results of Phase 3 clinical study of omidubicel.

‎Genfit (GNFT) gained over 29.30% at $6.84 in pre-market ‎trading on Wednesday following the publication of positive results from the phase 2 clinical trial evaluating elafibranor in patients with PBC in the Journal of Hepatology.‎

Top Upgrades & Downgrades

SVB Leerink turned bullish on Deciphera Pharmaceuticals Inc. (DCPH), upgrading the stock to “Outperform” and assigning a $70.0 price target, representing a potential upside of 44.87% from Tuesday’s close.

Model N Inc. (MODN) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Underweight to Neutral and moved their price target to $40.

The Hain Celestial Group Inc. (HAIN) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $50.0. They changed their rating on HAIN to Overweight from Neutral in a recently issued research note.

Earlier Wednesday Raymond James reduced its rating on Leggett & Platt Incorporated (LEG) stock to Outperform from Strong Buy.

JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Change Healthcare Inc. (CHNG) has been changed to Neutral from Overweight and the new price target is set at $25.75.

Analysts at Mizuho downgraded Corvus Pharmaceuticals Inc. (CRVS)’s stock to Neutral from Buy Wednesday.

Latest Insider Activity

Tyme Technologies Inc. (TYME) 10% Owner Demurjian Michael announced the sale of shares taking place on Feb 08 at $2.45 for some 20,000 shares. The total came to more than $49000.

Square Inc. (SQ) Chief Financial Officer Ahuja Amrita sold on Feb 05 a total of 149,866 shares at $240.45 on average. The insider’s sale generated proceeds of almost $1.01 million.

International Business Machines Corporation (IBM) Director HOWARD MICHELLE J declared the purchase of shares taking place on Feb 08 at $123.30 for some 64 shares. The transaction amount was around $7891.

UnitedHealth Group Incorporated (UNH) Director FLYNN TIMOTHY PATRICK bought on Feb 05 a total of 6,972 shares at $332.68 on average. The purchase cost the insider an estimated $499,026.

Important Earnings

Top US earnings releases scheduled for today include Veru Inc. (NASDAQ: VERU). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.06 per share from revenues of $10.57M in the three-month period.

Analysts expect General Motors Company (NYSE: GM) to report a net income (adjusted) of $1.64 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $36.12B.

Uber Technologies Inc. (UBER), due to announce earnings after the market closes today, is expected to report earnings of -$0.55 per share from revenues of $3.58B recently concluded three-month period.

February 10, 2021
Early Morning Vibes: Top 4 Stocks To Buy Right Now

The session on February 8, American stock markets ended in the green zone. The S&P 500 index rose 0.74% to 3916 points, the Dow Jones rose 0.76% and the NASDAQ surged 0.57%. All three indices renewed their all-time highs. The growing prospects for a major economic support package in the US remain in focus. The energy sector climbed 4.17% on the back of an ongoing rally in oil. Increased risk appetite triggered a 0.78% correction in the defensive utility sector.

Company news

Children’s goods maker Hasbro (HAS: -4.3%) beat expectations, but management noted weak holiday sales.

Palantir (PLTR: + 5.9%) announced a partnership with IBM (IBM: + 1.5%) to develop technology products.

Tesla (TSLA: + 1.3%) invested $ 1.5 billion in bitcoin and announced that it will accept cryptocurrency as payment for electric cars.

Today, global stock markets are showing mixed dynamics. Discussions on the fiscal stimulus package remain in the spotlight. The passage of a bill on public spending in the amount of about $ 1.9 trillion threatens to accelerate inflation. Some experts warn about this, in particular, former Treasury Secretary Larry Summers. Investors in the debt market are reacting to this risk, so the day before, the rate on 30-year Treasuries rose above 2% for the first time in a year. Rising bond rates could put pressure on the attractiveness of the stock market, primarily on growth stocks, of which tech companies are prime examples.

The epidemiological situation in the United States continues to improve rapidly, despite the circulation of new strains of coronavirus. The number of hospitalized people dropped to 80 thousand, more than 10% of Americans have already received the first dose of the vaccine. However, the risk of another jump in the incidence remains, so the CDC is not yet recommending state authorities to remove the antiquated restrictions.

Technical picture

Technically, the S&P 500 is still in a medium-term uptrend. The session ended the day before at the upper trend line, which is still a significant obstacle. The S & P500 index recorded growth for the sixth session in a row, so short-term consolidation is likely.

Today Top Movers

Iterum Therapeutics PLC (ITRM) stock ascended 61.69% at $2.04 in the pre-market trading today.‎‎ Ra Capital Management reportedly disclosed ownership of 13,730,376 shares of Iterum Therapeutics plc by filing a 13G form with the Securities and Exchange Commission.

‎Assertio Therapeutics Inc (ASRT) gained over 25.24% at $1.29 in pre-market ‎trading on Tuesday.‎‎ Assertio is a leading commercial pharmaceutical company bringing differentiated products to patients. The Company has a robust portfolio of branded prescription products in three areas: neurology, hospital and pain and inflammation.

‎Aurora Mobile Ltd (JG) grew over 13.91% at $6.55 in pre-market trading ‎today following the receipt of the InfoQ 2020 Best Technology Community Award at the Developer Ecosystem Co-creation Program virtual conference, hosted by InfoQ.‎

‎Marathon Patent Group Inc (MARA) stock moved up 16.93 percent to $37.50 in the pre-market ‎trading.‎‎ MARA stock is rallying because of the spike in Bitcoin. Marathon Patent Group bills itself as one of the largest Bitcoin self-mining companies.

Top Upgrades & Downgrades

JP Morgan turned bullish on KKR Real Estate Finance Trust Inc. (KREF), upgrading the stock to “Overweight”.

Twilio Inc. (TWLO) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $465.0, suggesting a 1.39% additional upside for the stock.

The Community Financial Corporation (TCFC) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $34.0. They changed their rating on TCFC to Overweight from Neutral in a recently issued research note.

Earlier Tuesday JP Morgan reduced its rating on Ladder Capital Corp (LADR) stock to Underweight from Neutral and assigned the price target to $10.

Needham analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Cubic Corporation (CUB) has been changed to Hold from Buy.

Latest Insider Activity

Advanced Micro Devices Inc. (AMD) EVP, Computing & Graphics Bergman Rick announced the sale of shares taking place on Feb 04 at $88.29 for some 2,000 shares. The total came to more than $0.18 million.

Facebook Inc. (FB) COB and CEO Zuckerberg Mark sold on Feb 05 a total of 44,750 shares at $267.92 on average. The insider’s sale generated proceeds of almost $11.99 million.

Accuray Incorporated (ARAY) Director WHITTERS JOSEPH E declared the purchase of shares taking place on Feb 01 at $5.02 for some 20,000 shares. The transaction amount was around $0.1 million.

Consolidated Edison Inc. (ED) President & CEO CET Nachmias Stuart bought on Jan 31 a total 1,078 shares at $70.78 on average. The purchase cost the insider an estimated $667.

Important Earnings

Top US earnings releases scheduled for today include Cisco Systems Inc. (NASDAQ: CSCO). It will announce its Jan 2021 financial results. The company is expected to report earnings of $0.76 per share from revenues of $11.92B in the three-month period.

Analysts expect Isoray Inc. (AMEX: ISR) to report a net income (adjusted) of -$0.01 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $2.39M.

Twitter Inc. (TWTR), due to announce earnings after the market closes today, is expected to report earnings of $0.31 per share from revenues of $1.19B recently concluded three-month period.

February 9, 2021
Early Morning Vibes: Check Out These 4 hot Stocks Right Now

Stock markets recovered strongly from the price dip at the end of January last week. In New York, the indices even managed to set new all-time highs on the boards. On Friday, the S&P 500 closed 0.39% higher at 3,886 points and the Nasdaq celebrated the weekend with a gain of 0.57% on 13,856 points.

The unemployment figures on Friday showed that the labor market is slowly but surely going to recover somewhat. In January, 49,000 jobs were added in the private sector and the unemployment rate fell to 6.3%. Wall Street had previously expected more jobs, but economists assumed an unchanged unemployment rate at 6.7%. Still, the numbers were not very positive. Unemployment fell mainly because 406,000 people gave up their job search. The participation rate thus fell to 61.4%. This is a bad sign and indicates that the US job market is in bad shape.

To support the US economy, Joe Biden is currently preparing a $ 1,900 billion corona support package. The package includes $ 1,400 in incentive vouchers, supplemental unemployment benefits, and Covid-19 vaccination and testing funds. Treasury Secretary Janet Yellen said on Sunday that if Biden’s stimulus plan is passed, the US could return to full employment by 2022.

The S&P 500 nevertheless managed to close in the green for five days in a row and appears to continue this series today. Futures are up approximately 0.4% and there is little on the agenda to change that. Figures from Twitter, Uber, Walt Disney, and Coca-Cola will follow later this week. Furthermore, inflation figures from the US, China, and Germany are on the agenda.

Today Top Movers

Aurora Mobile Ltd (JG) grew over 25.50% at $6.25 in pre-market trading ‎today after declaring a partnership agreement with iQIYI (IQ)‎, to develop a smart advertising and marketing ecosystem. ‎

Ocugen, Inc (OCGN) stock moved up 68.76 percent to $8.86 in the pre-market ‎trading.‎ The company recently declared a $23 million registered direct offering of common stock priced at a premium to market. ‎

Westport Fuel Systems Inc (WPRT) gained over 49.13% at $12.90 in pre-market ‎trading on Monday.‎ ‎

Sundial Growers Inc (SNDL) is up more than 0.88% at $1.14 in pre-market ‎hours ‎Monday ‎February 08, 2021.‎

Top Upgrades & Downgrades

RBC Capital turned bullish on The Hershey Company (HSY), upgrading the stock to “Outperform” and assigning a $170.0 price target, representing a potential upside of 15.95% from Friday’s close.

The Estee Lauder Companies Inc. (EL) has won the favor of Jefferies’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $310.0, suggesting a 13.59% additional upside for the stock.

CorEnergy Infrastructure Trust Inc. (CORR) received an upgrade from analysts at DA Davidson, who also set their one-year price target on the stock to $9.5. They changed their rating on CORR to Neutral from Underperform in a recently issued research note.

Earlier Monday Raymond James reduced its rating on Iridium Communications Inc. (IRDM) stock to Market Perform from Outperform.

UBS analysts reduced their investment ratings, saying in research reports covered by the media that its rating for ViacomCBS Inc. (VIAC) has been changed to Sell from Neutral.

Analysts at BofA downgraded Las Vegas Sands Corp. (LVS)’s stock to Neutral from Buy Monday.

Latest Insider Activity

Zomedica Corp. (ZOM) Director MACLEOD CHRISTOPHER ROSS announced the sale of shares taking place on Feb 03 at $1.10 for some 6,400 shares. The total came to more than $7047.

Zynga Inc. (ZNGA) Director DUGAN REGINA E sold on Feb 04 a total 217,319 shares at $10.27 on average. The insider’s sale generated proceeds of almost $91917.

Harley-Davidson Inc. (HOG) President and CEO ZEITZ JOCHEN declared the purchase of shares taking place on Feb 04 at $32.47 for some 30,800 shares. The transaction amount was around $1.0 million.

Amicus Therapeutics Inc. (FOLD) Director WHITMAN BURKE W bought on Feb 01 a total 41,467 shares at $19.09 on average. The purchase cost the insider an estimated $28,637.

February 8, 2021
Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

On February 4, American stock indices closed in the green. The S&P 500 Index climbed 1.09% to 3872 points, reaching a new all-time high. Dow Jones rose 1.08%, NASDAQ – 1.23%. The news background remained mostly calm. High investor risk appetite may be associated with positive macroeconomic statistics. The finance sector was the top gainer, rallying 2.27% on the back of a rally in payments stocks following a PayPal report. The tech sector added 1.55% on positive performance in Apple shares.

Company news

PayPal (PYPL: + 7.4%) successfully reported for the fourth quarter amid a boom in online trading and an increase in cryptocurrency transactions.

Qualcomm’s revenue (QCOM: -8.8%) was in line with expectations, which did not allow the company to distinguish itself from the unexpectedly strong results of competitors.

EBay (EBAY: + 5.3%) results beat consensus due to explosive growth in eCommerce during the reporting period.

Today, global stock exchanges are showing positive dynamics. The optimism remains mainly related to the prospects for the adoption of the fiscal stimulus package. President Biden said yesterday that he was not ready to reduce the volume of direct payments to the population and insisted that they remain at $ 1400. Nevertheless, the head of the White House will probably consider the idea of limiting the circle of citizens who are entitled to subsidies. This item of the program is of increased interest due to the extremely high activity of private investors, which caused a wave of short squeezes last week. It is expected that part of the funds received from the state will be invested by the population in the stock market but estimates of the potential inflow of liquidity are still very different.

The focus of attention of market participants today will be focused on makrostatistiki. Strong data on the labor market is expected, which may serve as a fresh driver for the continuation of the upward movement. The companies’ quarterly reports continue to support risk appetite, with a positive initial investor reaction to the reports prevailing.

Sentiment Index

The Freedom Finance Sentiment Index remains at 68 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospect of mass vaccinations.

Technical picture

Technically, the S&P 500 is still in a medium-term uptrend. The day before, the broad market index reached a new high, which signals the continued activity of buyers. The short-term outlook will depend on whether the bulls can hold the S&P 500 above 3870 points. The next resistance is at 3900 points, where the upper trend line lies.

Today Top Movers‎T2 Biosystms Inc (TTOO), a healthcare firm, soared about 47.50% ‎at $3.54 in pre-market ‎trading Friday following the news of efficiency of its T2SARS-CoV-2™ Panel to ‎detect Brazil (P.1) variant of the SARS-CoV-2 virus.‎ ‎

Aurora Mobile Ltd (JG) share price jumped 112.31% to $8.45 during the early morning ‎trading session on ‎Friday after declaring a partnership agreement with Kuaishou Technology, to improve advertising monetization efficiency. ‎ Supercom Lt (SPCB) stock ascended 37.85% at $1.93 in the pre-market trading today.‎ The company recently revealed the closing of financing with gross proceeds of $7 million to support the company’s growth capital needs. ‎LAIX Inc (LAIX) gained over 172.66% at $6.98 in pre-market ‎trading on Friday.‎ It appears there was a coordinated move on social media to drive the price up.

Top Upgrades & Downgrades

BTIG turned bullish on Canada Goose Holdings Inc. (GOOS), upgrading the stock to “Neutral”.

Infinity Pharmaceuticals Inc. (INFI) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Underweight to Neutral.

CMS Energy Corporation (CMS) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $64. They changed their rating on CMS to Outperform from Neutral in a recently issued research note.

Earlier Friday Oppenheimer reduced its rating on New Relic Inc. (NEWR) stock to Perform from Outperform.

Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Bruker Corporation (BRKR) has been changed to Equal Weight from Overweight and the new price target is set at $55.

Analysts at Raymond James downgraded Peloton Interactive Inc. (PTON)’s stock to Market Perform from Outperform Friday.

Latest Insider Activity

Palantir Technologies Inc. (PLTR) Karp Alexander C. announced the sale of shares taking place on Feb 02 at $31.59 for some 1,285,123 shares. The total came to more than $40.6 million.

Delta Air Lines Inc. (DAL) Int Co-CFO & SVP, Fin & Cntlr Carroll William C sold on Feb 02 a total of 19,481 shares at $38.55 on average. The insider’s sale generated proceeds of almost $0.1 million.

The Charles Schwab Corporation (SCHW) Director Ruffel Charles A. declared the purchase of shares taking place on Feb 04 at $54.08 for some 3,636 shares. The transaction amount was around $0.2 million.

Aurinia Pharmaceuticals Inc. (AUPH) Director Leversage Jill bought on Jan 29 a total 400 shares at $16.03 on average. The purchase cost the insider an estimated $6,412.

Important Earnings

Top US earnings releases scheduled for today include GrafTech International Ltd. (NYSE: EAF). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.4 per share from revenues of $300.16M in the three-month period.

Analysts expect Cardinal Health Inc. (NYSE: CAH) to report a net income (adjusted) of $1.44 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $41.44B.

Sanofi (SNY), due to announce earnings before the market opens today, is expected to report earnings of $0.69 per share from revenues of $11.39B recently concluded three-month period.

February 5, 2021
Early Morning Vibes: 4 Growth Stocks to Watch Right Now

On January 28, American stock markets closed in the green zone. The S&P 500 index rose 0.98% to 3787 points, the NASDAQ gained 0.50%, the Dow Jones rose 0.99%. The rebound after the sale on the eve was caused by technical factors, as well as the publication of mostly positive macro statistics. All 11 sectors finished the session in positive territory. The finance sector showed outstripping growth by 1.92% due to the increase in the quotations of shares of payment systems and banks.

Company news

Comcast (CMCSA: + 6.6%) posted strong quarterly results thanks to continued strong demand for home internet. Some amusement parks have reached break-even points.

MasterCard (MA: + 2.8%) quarterly EPS came in better than expected on a solid recovery in US earnings.

Tesla’s revenue (TSLA: -3.3%) beat consensus expectations, but gross margin declined. The company’s forecast for the supply of electric vehicles in 2021 was weaker than analysts had predicted.

Today world stock markets are showing negative dynamics. In the real economy, the news background remains calm, however, short squeezes in individual stocks continue to attract attention, causing concern among professional market participants.

Risk appetite is highly variable. On the one hand, quarterly corporate results are mostly stronger than expected. Many support factors, including fiscal and monetary policy, an improvement in the epidemiological situation in the world, the emergence of new vaccines, remain relevant. In particular, Novavax today published positive test results for its drug.

At the same time, hedge funds lock in positions to cover losses on short positions. In addition, market participants are avoiding risk by observing excess volatility and cautiously comparing the current situation to the stock market bubble before the dotcom crash. A significant risk is the spread of mutations in the coronavirus. The Novavax vaccine is only 49% effective against its South African strain. Thus, the market equilibrium appears to be fragile, so investors should be careful.

The Freedom Finance Sentiment Index dropped to 68 out of 100. The indicator reflects the hope of market participants for a recovery in the global economy in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospects for mass vaccinations.

Technical picture

Technically, the S&P 500 is prone to an upward movement in the medium term. Nevertheless, the short-term correction may continue, as the MACD indicator is in negative territory. Significant support is located at 3710 points, where the 50-day moving average lies. The medium-term outlook for the S&P 500 will worsen if it falls below 3630 points.

Today Top Movers‎

LM Funding America Inc (LMFA), a specialty finance company, soared about 86.67% ‎at $2.79 in pre-market ‎trading Friday.‎‎ The company declared the closing of a $103.5 million upsized initial public offering.

‎Genius Brands International Inc (GNUS) share price jumped 16.75% to $2.30 during early morning ‎trading session on ‎Friday.‎‎

‎Monopar Therapeutics Inc (MNPR) stock ascended 9.17% at $9.29 in the pre-‎market trading today.‎‎

‎Sundial Growers Inc (SNDL) gained over 14.34% at $0.94 in pre-market ‎trading on Friday.‎‎

Top Upgrades & Downgrades

Wells Fargo turned bullish on Alliance Data Systems Corporation (ADS), upgrading the stock to “Equal-Weight” and assigning a $75 price target, representing a potential upside of 5.94% from Thursday’s close.

SLM Corporation (SLM) has won the favor of RBC Capital’s equity research team. The firm upgraded the shares from Sector Perform to Outperform and moved their price target to $20, suggesting a 43.57% additional upside for the stock.

Capri Holdings Limited (CPRI) received an upgrade from analysts at Baird, who also set their one-year price target on the stock to $58. They changed their rating on CPRI to Outperform from Neutral in a recently issued research note.

Earlier Friday Jefferies reduced its rating on Golar LNG Partners LP (GMLP) stock to Hold from Buy and assigned the price target to $3.5. With shares trading at around $3.42, the Wall Street firm thinks Golar LNG Partners LP’s stock could add 2.34%.

Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Safe Bulkers Inc. (SB) has been changed to Hold from Buy and the new price target is set at $1.8.

Analysts at Morgan Stanley downgraded DXC Technology Co (DXC)’s stock to Equal Weight from Overweight Friday.

Latest Insider Activity

The Macerich Company (MAC) 10% Owner ONTARIO TEACHERS PENSION PLAN announced the sale of shares taking place on Jan 27 at $20.25 for some 24,562,964 shares. The total came to more than $497.37 million.

Houston American Energy Corp. (HUSA) Director SCHOONOVER JAMES A sold on Jan 26 a total of 142,976 shares at $2.63 on average. The insider’s sale generated proceeds of almost $43960.

Jefferies Financial Group Inc. (JEF) 10% Owner Jefferies Financial Group Inc. declared the purchase of shares taking place on Jan 12 at $10.00 for some 250,000 shares. The transaction amount was around $2.5 million.

Alcoa Corporation (AA) Director Nevels James E bought on Jan 27 a total of 32,336 shares at $17.50 on average. The purchase cost the insider an estimated $7,000.

Important Earnings

Top US earnings releases scheduled for today include Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.21 per share from revenues of $7.75B in the three-month period.

Analysts expect Synchrony Financial (NYSE:SYF) to report a net income (adjusted) of $0.91 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.55B.

Chevron Corporation (CVX), due to announce earnings before the market opens today, is expected to report earnings of $0.07 per share from revenues of $26.2B recently concluded three-month period.

January 29, 2021