STOCKS TELEGRAPH

Tag: Big stock

  • Early Morning Vibes: 4 Top Movers To Watch For Weekend

    Early Morning Vibes: 4 Top Movers To Watch For Weekend

    Investors remain concerned about the situation in the bond markets. Last week, Fed Chairman Jerome Powell was able to calm the markets somewhat, but yesterday his speech went down the wrong way with investors. During his speech, he indicated that the bond market situation has his attention, but he saw no reason to intervene yet.

    Powell also said it is very likely that inflation will rise further as the economy recovers, but he thinks this will only be a temporary effect. Without sustained inflation coupled with a return to full employment, the central bank is unlikely to hike interest rates. His thoughts combined with the lack of measures led to rising interest rates again.

    At the same time, this was again enough reason for investors to hit the sell buttons. Technology was again the bitten dog, the Nasdaq closed 2.11% lower at 12,723 points. The S&P 500 did less badly with a loss of 1.34% to 3,768 points. The same shares as Wednesday were sold off again. For example, we saw Baidu again lose more than 6.2% and Tesla also fell by 4.86%.

    The Nasdaq has fallen below 13,000 points with all the violence through the support surface. The technology fair is now in the red for the current year. In Thursday’s Morning Call I already indicated that the breakthrough of the neckline of the head & shoulder pattern has a price target of approximately 12,000 points.

    Today Top Movers

    Waitr Holdings Inc. (WTRH) stock soared 20.74% to $3.61 in the pre-market trading. The firm recently declared partnership with Flow Payments to create a compliant marketplace, delivery and payment solution for dispensaries selling cannabis.

    Sify Technologies Limited (NASDAQ: SIFY) shares are trading up 38.15% at $3.73 at the time of writing. According to people with knowledge of the matter, Blackstone Group Inc. is in talks to acquire a minority stake in Sify Technologies Ltd.(SIFY), an Indian technology company. Company’s 52-week ranged between $0.56 to $5.89. 

    XTL Biopharmaceuticals Ltd. (XTLB) grew over 159.52% at $7.5 in pre-market trading today.

    CLPS Incorporation (CLPS), a Information Technology Services company, rose about 44.93% at $6.0 in pre-market trading Friday. The company reported today in its unaudited financial results for the six months ended December 31, 2020, that revenues increased by $15.7 million, or 37.0%, to $58.3 million from $42.6 million in the prior year period.

    Top Upgrades & Downgrades

    DZ Bank turned bullish on Exxon Mobil Corporation (XOM), upgrading the stock to “Hold” and assigning a $58 price target. 

    Cisco Systems Inc (CSCO) 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 $55, suggesting 23.42% additional upside for the stock. 

    Fifth Third Bancorp (FITB) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $45. They keep their rating on FITB as Buy from Buy in a recently issued research note. 

    Earlier Friday Raymond James reduced its rating on Senseonics Holdings Inc (SENS) stock to Underperform from Market Perform. 

    JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Nikola Corporation has been changed to Neutral from Overweight. 

    Analysts at ICICI Securities downgraded Wipro Limited (WIT)’s stock to Sell from Reduce Friday.

    Latest Insider Activity

    Advanced Micro Devices Inc. (AMD) EVP, CFO & Treasurer KUMAR DEVINDER announced the sale of shares taking place on Mar 02 at $86.09 for some 63,044 shares. The total came to more than $5.43 million. 

    PayPal Holdings Inc. (PYPL) EVP, Chief Bus. Aff. & Legal O Pentland Adele Louise sold on Mar 03 a total of 60,677 shares at $261.21 on average. The insider’s sale generated proceeds of almost $19.66 million. 

    Viatris Inc. (VTRS) Director CORNWELL W DON declared the purchase of shares taking place on Mar 03 at $13.84 for some 3,000 shares. The transaction amount was around $41515.0. 

    Vistra Corp. (VST) Director BARBAS PAUL M bought on Mar 03 a total 67,159 shares at $16.42 on average. The purchase cost the insider an estimated $197,040.

    Important Earnings


    Top US earnings releases scheduled for today include Big Lots Inc. (NYSE:BIG). It will announce its Jan 2021 financial results. The company is expected to report earnings of $2.5 per share from revenues of $1.74B in the three-month period. 

    Analysts expect Hibbett Sports Inc. (NASDAQ:HIBB) to report a net income (adjusted) of $1.37 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $378.42M.

  • Early Morning Vibes: 4 Stocks Worth Watching Right Now

    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.