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Heading into the Week: High-Flying U.S. Markets Show Little Mercy for Earnings Letdowns

April 29 has come with a high-stakes scenario for investors as U.S. stocks show intolerance for corporate earnings letdowns, particularly with more tech behemoths due to report. The back of sterling performances from Microsoft and Alphabet boosted the S&P 500 recorded its best week since November, rebounding from the year’s first notable market dip. The index has seen a 7% upswing in 2024 and an impressive 24% since late October last year.

Yet, not all tech tales are of triumphs, with Meta Platforms facing a stark 10% drop in its shares following a lackluster forecast, and Caterpillar’s shares tumbling by 7% due to a sales warning. As the “Magnificent Seven” — major companies that propelled last year’s market — prepare to release earnings, with Amazon on Tuesday and Apple on Thursday, the anticipation is tangible. Meanwhile, the Federal Reserve is set to unveil its monetary policy statement, adding another layer of investor intrigue.

Despite a robust half-year market surge, the air is now thin with skepticism, as investors become less forgiving of any earnings missteps. The S&P 500’s valuation stands tall at 20 times forward earnings estimates, eclipsing the historical average and raising the price of disappointment. Tesla’s stock saw a resurgence earlier in the week, with a 12% spike on model news, despite a staggering year-to-date decline, illustrating a market ripe for positive surprises after a bruising year.

The shadow of rising Treasury yields looms large, with the prospect of future profits being discounted more heavily against the rising allure of government debt. The benchmark 10-year Treasury yield has reached heights unseen since November, fueled by persisting inflation concerns.

In this earnings season, the majority of S&P 500 companies have bested earnings expectations, but the focus might swiftly shift if bond yields surge or inflation continues to defy expectations. The Federal Reserve’s meeting this week might not bring interest rate changes, but investors are all ears for the Fed’s take on the inflation narrative. The earlier optimism for rate cuts has dimmed, with futures markets paring down expectations significantly since the start of the year.

April 29, 2024
Is Apple Inc. (AAPL) stock attractive in 2021?

We are living in an era where smartphones, tablets, computers, and laptops, etc. have now become the necessities of every single house. Imagine a life without a smartphone and you will find yourself to be non-functional without it. Evolution in information technology has given rise to the invention of many new digital devices and companies like Apple Inc. (AAPL) Stock, Sony Group Corp (SONY), Dell Technologies Inc (DELL), and many others have greatly contributed to this development. Apple alone has introduced many devices till now ranging from personal computers to smartwatches.

So, it is very natural to think of investing in AAPL stock for a long-term gain prospect as it has shown significant growth over time and has earned a large number of profits over the years. In the last five years, the shares of Apple Inc. (AAPL) skyrocketed almost 419%. Apple Inc. (AAPL) is currently trading with $130.39 per share on June 15, 2021, as of this writing. Let’s take a closer look at Apple stock.

Apple’s iPhone 12 Series & VR/AR Development:

The iPhone 12 series which also supports the 5G technology is playing a major role in steadily growing AAPL stock price and estimates by the suppliers show that the 230 million iPhones could be shipped in the year 2021.iPhone 12 series is not alone major contributor in the company’s future growth as Apple’s VR/AR and mixed reality headset will be launch in the upcoming year with a hefty price tag of $3,000 with Apple pair of AR glasses to follow in 2025.

Apple’s Services Business:

Besides Apple’s hardware products, the stock is doing smart business in its services segment. In order to expand its audience across the globe, the AAPL stock has launched Apple News+, Apple TV+, and Apple Fitness+ in the past couple of years which resulted in the $33 billion revenue in the first half of 2021 representing 25% growth over the year.

Electric Vehicle Development:

The big tech company is also paying attention to the development of electric vehicles as it is discussing supply deals with certain Chinese battery companies and the first electric vehicle by AAPL stock is expected to be launch between 2024 to 2026 according to analyst’s suggestion, which could prove to be the game-changer for the giant tech stock.

Financial View of the AAPL stock:

AAPL stock sales have been increased by 54% in the second quarter of the fiscal year 2021 representing a 66% improvement in the revenue gained from the iPhone over the year. Earnings per share increased by 119% in the recently reported quarter and $24 billion was recorded for operating profit out of which $23 billion was given back to the shareholders through share repurchases and dividends. The quarterly payout was increased by 7% and the business is strengthened by the addition of $90 billion in the existing share repurchase plan.

Wrap Up:

Apple Inc. (AAPL) has captivated investors for decades and earned huge profits for them over time. Its evolutionary iPhone 12 series, VR/AR headsets, and upcoming pair of AR glasses show that the future is bright for Apple Inc. (AAPL). The significant increase in the services business is another positive sign for the giant tech stock. In a nutshell, long-term investment prospects are bright for AAPL stock.

June 15, 2021
Apple Inc. (AAPL) stock rises in Pre-Market today: Why is it so?

Apple Inc. (AAPL) announced its blockbuster second-quarter earnings results after which the AAPL stock price saw a surge of 2.70% to reach $137.19 a share at the time of this writing. AAPL stock was down by 0.60% at the previous closing. Let’s have a look at current scenarios.

AAPL stock second-quarter results:

AAPL stock has recorded tremendous growth in the second quarter of 2021 and has beaten the analysts’ expectations on the top and bottom line.AAPL stock generated $89.58 billion in revenue surpassing the $77.3 billion expected revenue with a whopping increase of 54% year over year. Earnings per share were $1.40 while the expected EPS was $0.99.Revenue generated from iPhone and iPad reached $47.9 billion and $7.8 billion respectively while the estimated revenue for both former and later was $41.5 billion and $5.6 billion, respectively. Revenue generated from MAC products surpassed the estimate of $6.8 billion to reach $9.1 billion.

Why AAPL stock showed tremendous growth?

AAPL stock posted strong hardware sales in the second quarter of 2021. Apple stock recorded huge revenue from the sales of its iPhone 12 launched in September 2020. Being the first iPhone to support the 5G technology proved to be a massive success for the AAPL stock so far. Furthermore, the notion of remote working or learning and work from home following the deadly pandemic has resulted in the huge sales of iPad and Mac of the Apple stock.

Global Chip Shortage May Hit Apple:

Due to the increase in the demand for electronic products, giant automakers and tech companies around the globe are facing the problem of the semiconductor chip shortage in the production of new products.AAPL Chief Financial Officer Luca Maestri has warned that the chip shortage is suppressing the sales of iPads and Macs.These both products have greatly contributed to the massive revenue from sales during the lockdown period. Maestri pointed to the decrease of $3 billion to $4 billion in revenue in the third quarter of 2021 due to chip shortage.

Dividend Announcement:

Apple’s board of directors has announced the cash dividend of $0.22 per share of its common stock which represents an increase of 7 percent. The shareholders having the record of closing the business on May 10 will be applicable to get dividends on May 13, 2021.

Conclusion:

Investors are responding to the second-quarter earnings report by the Apple stock as it showed massive growth in the sales revenue from its various products in the reported quarter.iPhone 12 along with iPads and Macs is the major success of the Apple stock. The semiconductor chip shortage which seems to last till 2022 is the only fear for the tech giant so far. In a nutshell, investors need to analyze all the pros and cons of investing in AAPL stock.

April 29, 2021
Early Morning Vibes: Top 4 Stocks To Buy Right Now

Futures for major US stock indices rose on Thursday in anticipation of labor market statistics and a new portion of corporate reporting, according to trading data.

Futures on the Dow Jones Industrial Average (DJIA) grew by 0.1%, to 30.660 points, on the NASDAQ high-tech index – by 0.41%, to 13449 points, on the broad market S&P 500 index – by 0.16%, up to 3829.88 points.

Investors are watching for signs that the US economic recovery will continue, despite the large number of cases of infection with coronavirus and new strains of it, against which existing vaccinations may be less effective, which is fraught with new restrictive measures.

In this light, the market is interested in the statistics of the initial jobless claims, which will be published later on Thursday. Analysts expect a decrease in this number by 17 thousand last week compared to the previous one, to 830 thousand applications.

In addition, traders are waiting for a new portion of corporate reporting in the United States. For example, investment company Carlyle Group, pharmaceutical Bristol-Myers Squibb and tobacco Philip Morris International should disclose their financials for the past quarter before the opening of trading, and the automaker Ford Motor and Snap, which owns the social networking app Snapchat, are planning to publish a profit report and losses after their closure.

Today Top Movers

Bilibili Inc (BILI) share price jumped 11.14% to $150.25 during the early morning ‎trading session on ‎Thursday.‎ As of Q3 2020, Bilibili reported that its total number of monthly active users increased 54% year-over-year to 197.2 million. And the total paying users increased 89% to 15 million.‎

Cassava Sciences Inc (SAVA) gained over 42.00% at $124.89 in pre-market ‎trading on Thursday.‎ The firm recently declared results of an interim analysis from an open-label study of simufilam, its lead drug candidate for the treatment of Alzheimer’s disease. ‎

Onconova Therapeutics Inc (ONTX) grew over 6.70% at $0.90 in pre-market trading ‎today. Recently ONTX being granted a European patent for “The Treatment Of Hematological Cancer Refractory To An Anti-Cancer Agent.”

DraftKings Inc (DKNG) stock moved up 1.01 percent to $60.72 in the pre-market ‎trading.‎

Top Upgrades & Downgrades

Roth Capital turned bullish on Ocugen Inc. (OCGN), upgrading the stock to “Buy” and assigning a $1.0 price target, representing a potential upside of 60.14% from Wednesday’s close.

STERIS plc (STE) 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 $224.0, suggesting a 22.45% additional upside for the stock.

FireEye Inc. (FEYE) received an upgrade from analysts at BofA, who also set their one-year price target on the stock to $27. They changed their rating on FEYE to Buy from Neutral in a recently issued research note.

Earlier Thursday HC Wainwright & Co. reduced its rating on GW Pharmaceuticals plc (GWPH) stock to Neutral from Buy and assigned the price target to $220.0. With shares trading at around $211.37, the Wall Street firm thinks GW Pharmaceuticals plc’s stock could add than 4.08%.

KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Murphy Oil Corporation (MUR) has been changed to Sector Weight from Overweight.

Analysts at Oddo BHF downgraded GlaxoSmithKline plc (GSK)’s stock to Neutral from Buy Thursday.

Latest Insider Activity

Apple Inc. (AAPL) Director LEVINSON ARTHUR D announced the sale of shares taking place on Feb 02 at $135.60 for some 3,416 shares. The total came to more than $0.46 million.

Koss Corporation (KOSS) VP – Marketing & Product Koss Michael J Jr sold on Feb 02 a total 46,000 shares at $25.98 on average. The insider’s sale generated proceeds of almost $0.36 million.

MannKind Corporation (MNKD) Chief Executive Officer Castagna Michael declared the purchase of shares taking place on Jan 31 at $1.33 for some 5,000 shares. The transaction amount was around $6650.

Texas Instruments Incorporated (TXN) Director Craighead Martin S bought on Jan 28 a total 21,388 shares at $166.91 on average. The purchase cost the insider an estimated $997,294.

Important Earnings

Top US earnings releases scheduled for today include Nokia Corporation (NYSE: NOK). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.13 per share from revenues of $7.43B in the three-month period.

Analysts expect Ford Motor Company (NYSE: F) to report a net income (adjusted) of -$0.07 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $33.89B.

Snap Inc. (SNAP), due to announce earnings after the market closes today, is expected to report earnings of $0.07 per share from revenues of $857.39M recently concluded three-month period.

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

The American stock market finished trading with a slight loss on January 26. By the end of the session, the S & P 500 index dropped by 0.15% to 3850 points. NASDAQ and Dow Jones were down 0.07%. The news background stayed mostly calm, so the market showed weak dynamics. The energy sector fell 2.12% despite stable oil prices. The real estate sector became the leader in growth with a result of + 1.14% thanks to the continued favorable macroeconomic conditions in the housing market.

Company news

President Biden plans to transfer American officials to American-made electric cars. Against this background, shares of Workhorse (WKHS: + 30.2%), Lordstown (RIDE: + 14%), Nikola (NKLA: + 23.6%) and others rose.

Beyond Meat (BYND: + 17.7%) has partnered with PepsiCo (PEP: + 1.2%) to co-manufacture and market plant-based meat substitute products.

Johnson & Johnson (JNJ: + 2.7%) quarterly report better than expected. The company also announced that the test results for its vaccine will be released in early February.

There are various dynamics in the global stock markets today. Pfizer and Moderna have both agreed to sell the US government 100 million additional doses of vaccine. Considering this order, the total volume of purchases will amount to 600 million. Over 300 million people can be vaccinated against coronavirus with just that amount. The number of hospitalized with COVID-19 in the United States fell to 108 thousand, which is in line with mid-December levels. The morbidity trend on a daily basis is on the decline. This allows the states to slowly remove barriers, which support investor confidence.

The companies’ quarterly results and market reactions to them are still mixed. However, Microsoft’s report was strong, so the tech sector has the potential to become a growth engine for the broader market today.

Economic news

December durable goods base order data will be released this Wednesday. After increasing by 0.4% a month earlier, the indicator is expected to grow by 0.5% against the value in November. Note that basic orders do not include vehicles (cars, airplanes, etc.), and it is this group of products that may show the weakest dynamics against the background of continuing problems with orders from Boeing.

Technical picture

Technical analysis suggests that there is an upward tendency in the medium term for the S&P 500. The broad market index reached a new all-time high yesterday, but met selling pressure and failed to gain a foothold above 3860 points. The upper border of the equidistant channel in the area of 3865-3870 points is still a serious resistance. After a short-term consolidation, the upward movement is likely to continue.

Today Top Movers‎

‎Virgin Galactic Holdings Inc (SPCE) share price jumped 11.65% to $46.95 during the early morning ‎trading session on ‎Wednesday.‎‎ SPCE has found itself making more headlines recently as billionaire rocketman, Richard Branson, gets closer to achieving his dream of taking tourists to the stars.‎ ‎‎

‎Digital Ally Inc (DGLY) grew over 14.18% at $3.14 in pre-market trading ‎today.‎‎‎ ‎‎

‎Moderna Inc (MRNA) stock moved up 1.49 percent to $154.19 in the pre-market ‎trading after the firm provided a supply update for the Moderna COVID-19 Vaccine.‎‎ ‎‎

‎Romeo Power Inc (RMO) gained 9.52% and closed at $20.25 on ‎Tuesday ‎January 26, 2021.‎‎

Top Upgrades & Downgrades

KeyBanc turned bullish on Dycom Industries Inc. (DY), upgrading the stock to “Overweight” and assigning a $104.0 price target, representing a potential downside of 18.3% from Tuesday’s close.

3M Company (MMM) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $205, suggesting 16.51% additional upside for the stock.

The Wendy’s Company (WEN) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $25. They changed their rating on WEN to Buy from Hold in a recently issued research note.

Earlier Wednesday KeyBanc reduced its rating on Visa Inc. (V) stock to Sector Weight from Overweight.

KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for MasTec Inc. (MTZ) has been changed to Sector Weight from Overweight.

Analysts at KeyBanc downgraded Mastercard Incorporated (MA)’s stock to Sector Weight from Overweight Wednesday.

Latest Insider Activity

United States Antimony Corporation (UAMY) 10% Owner Reed Kenneth M announced the sale of shares taking place on Jan 26 at $0.98 for some 540,275 shares. The total came to more than $0.53 million.

Sorrento Therapeutics Inc. (SRNE) Director Followwill Dorman sold on Dec 16 a total of 2,130 shares at $7.14 on average. The insider’s sale generated proceeds of almost $7135.0.

Harbor Custom Development Inc. (HCDI) Director SWETS LARRY G JR declared the purchase of shares taking place on Jan 15 at $3.00 for some 35,000 shares. The transaction amount was around $0.1 million.

Urban One Inc. (UONE) 10% Owner SEMLER ERIC bought on Jan 19 a total 2,221,197 shares at $4.15 on average. The purchase cost the insider an estimated $829,170.

Important Earnings

Top US earnings releases scheduled for today include Tesla Inc. (NASDAQ: TSLA). It will announce its Dec 2020 financial results. The company is expected to report earnings of $1.01 per share from revenues of $10.32B in the three-month period.

Analysts expect Facebook Inc. (NASDAQ: FB) to report a net income (adjusted) of $3.22 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $26.43B.

Apple Inc. (AAPL), due to announce earnings after the market closes today, is expected to report earnings of $1.41 per share from revenues of $103.28B recently concluded three-month period.

January 27, 2021
21 Stocks Taking Bigger Strides in Pre Market Session

‎Velodyne Lidar Inc. (VLDR) stock soared 7.5% to $26.53 in the pre-market trading ‎after reporting that it has joined the Qualcomm® Smart Cities Accelerator Program to promote using ‎lidar technology in smart city solutions. The most recent rating by Needham, on December 15, 2020, is ‎a Buy. ‎

‎MicroVision Inc. (MVIS) grew over 14.38% at $6.6 in pre-market trading today.‎

‎Aurora Mobile Limited (NASDAQ: JG) shares are trading up 48.9% at $4.75 at the ‎time of writing following the announcement from the firm that it has entered into a partnership ‎agreement with a global leading new energy vehicle manufacturer. Company’s 52-week ranged ‎between $1.40 to $5.43.‎

‎Castor Maritime Inc. (CTRM) stock moved down -3.97 percent to $0.1522 in the pre-‎‎‎‎market trading.‎

‎HEXO Corp. (HEXO), a Drug Manufacturers – Specialty & Generic company, rose ‎about 8.0% at $1.08 in pre-market trading Tuesday after reporting lapse of base shelf prospectus.‎

‎Novan Inc. (NOVN) stock plunged -5.8% to $0.6396 in the pre-market trading after ‎declaring that it has entered into a Master Services Agreement (MSA) with Catalent.‎

‎Nano Dimension Ltd. (NNDM) gained over 2.38% at $8.61 in pre-‎‎‎market ‎trading ‎Tuesday December 22, 2020.‎

‎Gevo Inc. (NASDAQ: GEVO) shares are trading up 8.39% at $3.1 at the time of ‎writing following the declaration from the company that it has optioned the right to purchase ‎approximately 239 acres of land near Lake Preston, SD Company’s 52-week ranged between $0.46 to ‎‎$2.87. Gevo Options Site for Expansion Project.‎

‎electroCore Inc. (ECOR) gained over 7.36% at $1.75 in pre-market trading Tuesday ‎December 22, 2020 after reporting agreement with Pro Medical Baltic to be exclusive distributor for ‎gammaCore Sapphire in Eastern Europe.‎

‎Nxt-ID Inc. (NXTD), a Security & Protection Services company, dropped about -‎‎‎‎4.41% at $1.3 in pre-market trading Tuesday.‎

‎Iterum Therapeutics plc (NASDAQ: ITRM) shares are trading up 2.35% at $1.0 at the ‎time of writing after receiving approval to transfer to Nasdaq Capital Market. Company’s 52-week ‎ranged between $0.45 to $6.47. Analysts have a consensus price target of $2. ‎

‎Aurora Cannabis Inc. (ACB) stock moved up 2.13 percent to $9.13 in the pre-‎‎‎market ‎trading.‎

‎Venus Concept Inc. (VERO) tumbled over -16.14% at $2.13 in pre-market trading ‎today following the announcement of proposed public offering.‎

‎UP Fintech Holding Limited (NASDAQ: TIGR) shares are trading up ‎‎7.97% ‎at ‎‎$6.37 ‎at ‎the time of writing. Company’s 52-week ranged between $2.03 to $7.60.‎

‎IZEA Worldwide Inc. (IZEA) lost over -1.78% at $1.38 in pre-‎‎market ‎trading ‎Tuesday ‎December 22, 2020.‎

‎500.com Limited (WBAI), a Gambling company, rose about 9.14% at $4.18 in pre-‎market trading Tuesday following the declaration from the firm that it has entered into a definitive ‎share subscription agreement with Good Luck Information Technology Co., Limited , a company ‎incorporated in Hong Kong, for the issuance and sale of newly issued Class A ordinary shares of the ‎Company.‎

‎Liminal BioSciences Inc. (LMNL) stock soared 2.76% to $5.21 in the pre-‎‎‎market ‎trading. The most recent rating by Piper Sandler, on December 21, 2020, is an Overweight.‎

‎Palantir Technologies Inc. (PLTR) gained over 1.72% at $29.0 in pre-market trading ‎Tuesday December 22, 2020 after declaring that the U.S. Army’s Program Executive Office for ‎Enterprise Information Systems (PEO EIS) opted to execute the second year of its partnership with ‎Palantir on the Army Vantage program, for a total price of $113.8 million for the year.‎

‎EyeGate Pharmaceuticals Inc. (EYEG) is down more than -3.84% at $5.01 in pre-‎market hours Tuesday December 22, 2020 after announcing the acquisition of Panoptes Pharma. The ‎stock had jumped over 45.94% to $5.21 in the last trading session. ‎

Before the trading started on December 22, 2020, Kopin Corporation (KOPN) ‎is ‎up ‎‎8.43% to reach $2.83. It has been trading in a 52-week range of $0.19 to $2.16.‎

‎Bit Digital Inc. (BTBT) grew over 4.96% at $6.56 in pre-market trading today following ‎the release of its third quarter of fiscal year 2020 financial results.‎

December 22, 2020
Early Morning Vibes: 4 Best Stocks To Buy Today

On December 15, the American stock indices closed in positive territory. The S&P 500 index rose 1.29% to 3695 points, the Dow Jones rose 1.13%, the NASDAQ rose 1.25%. The main positive driver was the optimistic expectations regarding the new package of fiscal support. Increased risk appetite allowed all 11 sectors to close in the green zone. The tech sector became one of the leaders of growth, adding 1.61%, the locomotive was the shares of Apple.

Corporate Update

According to media reports, Apple (AAPL: + 5%) plans to increase iPhone production by 30% YoY amid strong demand for the new iPhone 12 Pro models.

Eli Lilly (LLY: + 6%) released strong forecasts for 2021 and announced a deal to buy Prevail Therapeutics (PRVL: + 82%) for $ 1 billion.

China’s Baidu Corporation (BIDU: + 13.8%) is considering entering the electric vehicle market and is in talks with automakers.

Today, world stock exchanges are showing mostly positive dynamics. Two potential drivers of growth are in the spotlight: progress in negotiations between US lawmakers on a new package of economic support and the outcome of the Fed meeting. Congressmen continue to actively discuss the bill on measures to help the economy. At the moment, it is most likely that a package of about $ 750 billion will be accepted. This option excludes the most controversial aspects that have hindered a compromise over the past six months. Lawmakers plan to vote this week, while also approving other spending items, including an extension of government funding.

The Fed is expected to repeat the rhetoric of previous meetings, active actions of the regulator are unlikely, as well as changes in long-term forecasts for the rate. Jerome Powell will re-emphasize the importance of fiscal policy. Most likely, the parameters of the program for purchasing government bonds will not be changed, but this program itself can be extended, which will support optimism in the markets.

Today Top Movers

Niu Technologies (NIU) is up 0.79% at $29.41 in premarket trading on Wednesday. In spite of no news on the stock directly, a broader piece of news today has helped several stocks.

Hexo Corp (HEXO) share price increased 2.75% at $1.12 in today’s early morning session following the release of its first quarter fiscal 2021 financial results.

Marathon Patent Group Inc (MARA) is going up 5.80% in premarket session on Wednesday. Despite few business articles or no business news lately, this stock has drastically climbed in value.

Tilray Inc (TLRY) share price gaining 20.97% at $9.52 in premarket trading today following Its merger news with Aphria.

Top Upgrades & Downgrades

Credit Suisse turned bullish on Galera Therapeutics Inc. (GRTX), upgrading the stock to “Outperform” and assigning a $15.0 price target, representing potential upside of 18.48%.

Atlantica Sustainable Infrastructure plc (AY) has won the favor of Seaport Global’s equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $38.0.

Wells Fargo & Company (WFC) received an upgrade from analysts at Keefe, Bruyette & Woods, who also set their one-year price target on the stock to $36.0. They changed their rating on WFC to Outperform from Market Perform in a recently issued research note.

Earlier Wednesday RBC Capital reduced its rating on Pfizer Inc. (PFE) stock to Sector Perform from Outperform and assigned the price target to $42.0.

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

Latest Insider Activity

Chewy Inc. (CHWY) Director STAR JAMES A announced the sale of shares taking place on Dec 11 at $85.06 for some 30,000 shares. The total came to more than $2.55 million.

CarGurus Inc. (CARG) General Counsel and Secretary Patton Kathleen Bender sold on Dec 14 a total 103,142 shares at $30.00 on average. The insider’s sale generated proceeds of almost $0.17 million.

Elys Game Technology Corp. (ELYS) Vice President of Technology Pasquini Luca declared the purchase of shares taking place on Dec 14 at $3.15 for some 1,000 shares. The transaction amount was around $3150.0.

Retractable Technologies Inc. (RVP) President and CEO SHAW THOMAS J bought on Dec 14 a total 14,076,660 shares at $12.85 on average. The purchase cost the insider an estimated $3,007.

Earnings To Watch

Top US earnings releases scheduled for today include Lennar Corporation (NYSE:LEN). It will announce its Nov 2020 financial results. The company is expected to report earnings of $2.37 per share from revenues of $6.65B in the three-month period.

Analysts expect Qutoutiao Inc. (NASDAQ:QTT) to report a net income (adjusted) of -$0.09 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $174.89M.

Herman Miller Inc. (MLHR), due to announce earnings after the market closes today, is expected to report earnings of $0.56 per share from revenues of $585.5M recently concluded three-month period.

December 16, 2020
Max AirPods And Fitness+ Could Help Apple (AAPL) Stock Rise Ahead

Apple Inc (AAPL) was able to make it to the “holiday season” and introduce two potentially lucrative products from December 14: new Max headphones for airpods and Apple Fitness+ subscriptions. In 2021, new products are likely to become new growth drivers.

Fans of Apple products have been waiting for the last two new products in 2020, representing an opportunity for the company to raise profits in the holiday quarter and next year.

New Max AirPods

Airpods wireless headphones have been a big hit with customers so far – this success and love for the Apple chose to use to sell a premium model that is very different in design and functionality.

This year, Apple is expected to sell 82 million AirPods. AirPods and Apple Watch have helped the company expand its business in wearable devices to the point that it would rank 130th in the Fortune 500 if it were a company.

The AirPods Max, revealed on Tuesday, features active noise cancellation and two premium sound quality chips. At $549, the price of the new model is more than double the price of the AirPods Pro at $249, but with this price, the product will bring in surpassing margins to that of iPhone.

The latest gadget will greatly boost Apple’s financial results if the product achieves even a small share of the popularity achieved by the initial AirPods and AirPods Pro.

Launch of Fitness+

Due to the global COVID-19 pandemic, the online fitness and home fitness equipment company Peloton (PTON) has been the biggest beneficiary of the move from gyms to home workout facilities.

The company moved to scale up production as demand grew, the number of customers paying for online fitness classes rose to 1.33 million up 137 percent from a year earlier, and Peloton shares increased 316.37 percent.

Peloton shares closed down 6.3 percent on Wednesday in the midst of news of the Apple Fitness+ launch date on December 14. The technology giant will compete dramatically and attract a portion of the audience. In addition, the launch of Fitness+ is another opportunity for Apple to improve its overall product and service ecosystem.

For the supplier of smart watches and portable headphones-convenient gadgets for fitness classes, launching this service is a logical move.

Subscription sales generate Apple’s steady and increasing revenue and hold its consumers in the same ecosystem, potentially contributing to potential purchases of goods. Apple’s “Package” discounts and deals act as bait for the consumer.

Thus, during the current holiday season and in 2021, two new Apple products will draw a lot of interested customers and become important factors for the company’s profit growth.

Apple was up 1.25% on Thursday at $123.24.

December 11, 2020
Pre-Market Cues: 45 Stocks Roaring for Change On November 16th

CBAK Energy Technology Inc. (CBAT) stock soared 51.22% to $9.3 in pre-market trading.
Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) shares are trading up 9.74% at $2.14 at the time of writing. The company’s 52-week range was noted as $0.89 to $2.69.
Electra Meccanica Vehicles Corp. (SOLO) grew over 8.9% at $6.85 in pre-market trading today following analyst’s prediction that electric vehicles will overtake the global automotive sector in the near future.
CPS Technologies Corporation (CPSH), an Electronic Components company, dropped about -8.72% at $1.57 in pre-market trading Monday.
HighPoint Resources Corporation (HPR) stock moved up 77.39 percent to $6.67 in the pre-market trading after the news that Bonanza Creek Energy, Inc. BCEI and HighPoint Resources Corporation HPR have agreed on a merger worth $376 million.
Navidea Biopharmaceuticals Inc. (NAVB) lost over -5.8% at $2.6 in pre-market trading Monday 16 November 2020 after the company announced its financial results for the third quarter and year-to-date 2020.
Hall of Fame Resort & Entertainment Company (HOFV) is down more than -11.65% at $2.2 in pre-market hours Monday 16 November 2020 as the company and the NFL alumni association offered updates on the success of the inaugural NFL alumni academy. The stock had jumped over 22.06% to $2.49 in the last trading session.
Before the trading started on 16 November 2020, GreenPower Motor Company Inc. (GP) is up 6.98% to reach $13.48 after the company posted its 2nd quarter financial results for 2021. It has been trading in a 52-week range of $0.82 to $23.45.
Zomedica Pharmaceuticals Corp. (ZOM) stock plunged -7.07% to $0.088 in the pre-market trading as the plans to initiate commercialization on 30 March 2021 of its TRUFORMATM point-of-care diagnostic platform revealed.
Polar Power Inc. (NASDAQ: POLA) shares are trading up 7.81% at $3.59 at the time of writing. Company’s 52-week range was noted as $0.95 to $6.56.
Sino-Global Shipping America Ltd. (SINO) tumbled over -2.92% at $2.66 in pre-market trading today.
Pinduoduo Inc. (PDD), an Internet Retail company, dropped about -1.78% at $148.59 in pre-market trading Monday as the firm unveils its Q3 results.
Tellurian Inc. (TELL) stock moved down -4.51 percent to $0.9644 in the pre-market trading as the news appeared that the company is pondering new Asia gas deals After Petronet snub.
9 Meters Biopharma Inc. (NMTR) lost over -3.58% at $0.8 in pre-market trading Monday 16 November 2020 as the company revealed financial results and business updates.
Centennial Resource Development Inc. (CDEV) is down more than -2.88% at $0.741 in pre-market hours Monday 16 November 2020 after the company said Sean R. Smith, Chief Executive Officer, is set to attend the Bank of America Securities Global Energy Conference to be held virtually on Thursday. The stock had jumped over 9.14% to $0.76 in the last trading session.
Before the trading started on 16 November 2020, Genius Brands International Inc. (GNUS) is up 7.38% to reach $1.31, after the company stated that it is set to host a conference call at 10:00 a.m. Eastern Time on Monday, November 16, 2020, to review major initiatives underway and recent developments. The stock has been trading in a 52-week range of $0.05 to $11.73.
CureVac N.V. (CVAC) stock soared 8.38% to $81.5 in the pre-market trading after the report that the covid-19 vaccine could be a drug industry game-changer. The most recent rating by Jefferies, on September 08, 2020, is a Hold.
Apple Hospitality REIT Inc. (NYSE: APLE) shares are trading down -2.83% at $12.02 at the time of writing after the company posted 3rd quarter results of operation. The company’s 52-week range was noted as $4.48 to $16.42. Analysts have a consensus price target of $13.
Transocean Ltd. (RIG) tumbled over -3.7% at $1.04 in pre-market trading today as the company stock soared 53% since the earnings announcement.
Cinedigm Corp. (CIDM), an Entertainment company, rose about 8.33% at $0.65 in pre-market trading Monday as the company has purchased North American distribution rights to 100 DAYS TO LIVE, a taut psychological thriller set in the world of suicide prevention and mental health.
Range Resources Corporation (RRC) stock moved down -5.57 percent to $6.78 in pre-market trading as the company recently revealed disappointing earnings.
UP Fintech Holding Limited (TIGR) gained over 11.9% at $6.02 in pre-market trading Monday 16 November 2020 as the capital market giant revealed that it will announce its Q3 results on November 23, 2020.
Taubman Centers Inc. (TCO) is up more than 8.11% at $42.68 in pre-market hours Monday 16 November 2020 after the publication report that Simon Property and Taubman have finally agreed on a merger on a well-reduced price of $43.00 per share in cash. The stock had jumped over 5.53% to $39.48 in the last trading session.
Before the trading started on 16 November 2020, Banco Bilbao Vizcaya Argentaria S.A. (BBVA) is up 15.24% to reach $4.31 after the announcement that PNC Financial Services Group Inc (NYSE: PNC) is set to take over Banco Bilbao Vizcaya Argentaria (BBVA) U.S. business in an $11 billion all-cash deal. The stock has been trading in a 52-week range of $2.49 to $5.80.
Kandi Technologies Group Inc. (KNDI) stock soared 7.62% to $7.77 in the pre-market trading as the Company announced that It completed a registered direct offering of 9,404,392 shares of its securities at a sales price of $6.38 per share, raising about $60,000,000 in net gross proceeds to the Firm before deducting the selling agent’s fees and other expected offering expenditures incurred by the Company.
Textainer Group Holdings Limited (NYSE: TGH) shares are trading down -5.5% at $15.65 at the time of writing after the company posted its third-quarter results. The company’s 52-week range was noted as $5.50 to $17.33. Analysts have a consensus price target of $18.
Gulfport Energy Corporation (GPOR) tumbled over -45.61% at $0.13 in pre-market trading today after the company filed for bankruptcy.
Akerman Corp. (KERN), a Health Information Services company, dropped about -3.46% at $2.79 in pre-market trading Monday after the company posted its earnings results.
United States Antimony Corporation (UAMY) stock moved up 4.17 percent to $0.375 in the pre-market trading.
ADiTx Therapeutics Inc. (ADTX) lost over -2.03% at $1.93 in pre-market trading Monday 16 November 2020 as the company offered the latest business updated as well as its fiscal quarterly report.
Arbutus Biopharma Corporation (ABUS) is up more than 10.19% at $4.0 in pre-market hours Monday 16 November 2020 after the firm revealed presentation of phase 1a/1b clinical trial results for AB-729 in chronic hepatitis B subjects at the liver meeting digital experience, the American Association for the study of Liver Diseases meeting. The stock had jumped over 2.25% to $3.63 in the last trading session.
Before the trading started on 16 November 2020, Ideanomics Inc. (IDEX) is up 31.31% to reach $1.3 after the company revealed the final agreement to take over Timios holding corps. It has been trading in a 52-week range of $0.28 to $3.98.
Pacific Ethanol Inc. (PEIX) stock soared 4.71% to $6.0 in the pre-market trading as the company announced Q3 results. The most recent rating by BWS Financial, on September 22, 2020, is a Buy.
CEL-SCI Corporation (AMEX: CVM) shares are trading up 10.5% at $14.0 at the time of writing. The company’s 52-week range was noted as $6.35 to $18.00. Analysts have a consensus price target of $18.
AMC Entertainment Holdings Inc. (AMC) grew over 8.42% at $3.22 in pre-market trading today following news that Cinemark joins AMC in pursuing a shortened movie window.
Sogou Inc. (SOGO), an Internet Content & Information company, dropped about -3.14% at $8.64 in pre-market trading Monday as the company unveiled its Q3, 2020 results.
ObsEva SA (OBSV) stock moved up 18.84 percent to $2.46 in the pre-market trading as the company announced the positive topline results of PROLONG, the Phase 2a proof-of-concept, randomized, double-blind, placebo-controlled trial of laropiprant in preterm labor.
Denison Mines Corp. (DNN) lost over -9.3% at $0.32 in pre-market trading Monday 16 November 2020 after the company announced the establishment of the At-The-Market Program.
Pyxis Tankers Inc. (PXS) is down more than -25.74% at $0.8763 in pre-market hours Monday 16 November 2020 as the company announced results for its 3rd quarter and year to date. The stock had dropped over 0.00% to $1.18 in the last trading session.
Before the trading started on 16 November 2020, Qutoutiao Inc. (QTT) is down -2.13% to reach $2.3. It has been trading in a 52-week range of $2.12 to $6.55.
Uxin Limited (UXIN) stock plunged -3.85% to $1.0 in the pre-market trading after the news that the company’s Net Promoter Score (NPS) increases to 30 during the quarter ended September 30, 2020. The most recent rating by JP Morgan, on October 23, 2019, is at a Neutral.
VistaGen Therapeutics Inc. (NASDAQ: VTGN) shares are trading down -2.13% at $0.6851 at the time of writing. The company’s 52-week range was noted as $0.29 to $1.15. Analysts have a consensus price target of $6.
Sypris Solutions Inc. (SYPR), an Auto Parts company, dropped about -3.6% at $1.34 in pre-market trading Monday after the company announced its 3rd quarter earnings results.
Alterity Therapeutics Limited (ATHE) stock moved up 169.57 percent to $3.1 in the pre-market trading.

November 16, 2020