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  • 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: Top 4 Stocks To Buy Right Now

    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.

  • Cisco revolutionizes Webex Video Conferencing in an attempt to stay ahead of Zoom

    Cisco revolutionizes Webex Video Conferencing in an attempt to stay ahead of Zoom

    The largest producer of network hardware, Cisco Systems Inc., is updating its Webex conference service to address threats from Zoom Video Communications Inc., the innovator whose stock has increased six times this year.

    On Tuesday, the company revealed a raft of updates getting released and vowed to add a host of others soon. Webex calls, Cisco said at a business event, would now boost voice and cancel background noise. Closed captioning, transcriptions, voice commands, and impromptu sessions that do not require advanced preparation would be included in the program.

    Cisco seeks to help Webex, a long-time favorite business tool, to fend off a range of relatively new competitors such as Zoom and improved offerings from other technology companies that have evolved steadily since its lockdown Covid-19 pandemic. The move is part of Chief Executive Officer Chuck Robbins’ mission to wean the company off a reliance on costly hardware sales and make the company With Zoom or other corporate darlings of the pandemic; Cisco has not held pace. This year the stock is down about 8 percent.

    Other new capabilities on Webex include the ability for participants to read expressions. A physical thumbs up can transform into a transmitted virtual message to a speaker. Templates will support the success of meetings in a more orderly fashion and end on schedule. For starters, once anyone has had a fair opportunity to talk, participants could be shut out of speaking again. Cisco is now introducing real-time translation in 10 languages, beginning in February.

    The organization is trying to make Webex experiences ten times more successful than in-person meetings by automating time-consuming follow-up tasks and making the software and hardware capable of interpreting and reacting to human behavior, Cisco Senior Vice President Jeetu Patel, who heads the business unit, said.

    Cisco, Webex, Zoom, csco stock, Cisco stock

    Cisco revolutionizes Webex Video Conferencing in an attempt to stay ahead of Zoom.

    The largest producer of network hardware, Cisco Systems Inc., is updating its Webex conference service to address threats from Zoom Video Communications Inc., the innovator whose stock has increased six times this year.

    On Tuesday, the company revealed a raft of updates getting released and vowed to add a host of others soon. Webex calls, Cisco said at a business event, would now boost voice and cancel background noise. Closed captioning, transcriptions, voice commands, and impromptu sessions that do not require advanced preparation would be included in the program.

    Cisco seeks to help Webex, a long-time favorite business tool, to fend off a range of relatively new competitors such as Zoom and improved offerings from other technology companies that have evolved steadily since its lockdown Covid-19 pandemic. The move is part of Chief Executive Officer Chuck Robbins’ mission to wean the company off a reliance on costly hardware sales and make the company With Zoom or other corporate darlings of the pandemic; Cisco has not held pace. This year the stock is down about 8 percent.

    Other new capabilities on Webex include the ability for participants to read expressions. A physical thumbs up can transform into a transmitted virtual message to a speaker. Templates will support the success of meetings in a more orderly fashion and end on schedule. For starters, once anyone has had a fair opportunity to talk, participants could be shut out of speaking again. Cisco is now introducing real-time translation in 10 languages, beginning in February.

    The organization is trying to make Webex experiences ten times more successful than in-person meetings by automating time-consuming follow-up tasks and making the software and hardware capable of interpreting and reacting to human behavior, Cisco Senior Vice President Jeetu Patel, who heads the business unit, said.

  • Cisco Systems, Inc. (CSCO) share price increase after fiscal first-quarter earnings were announced

    Cisco Systems, Inc. (CSCO) share price increase after fiscal first-quarter earnings were announced

    Cisco share price increased by 9% on Thursday in extended trading after the company`s fiscal first-quarter earnings were revealed which beat all the estimates. The company earnings for the reported quarter was $0.76 per share compared to analyst’s estimate of $0.70 per share. The company earned a revenue of $11.93 billion beating the $11.85 estimate by Refinitiv.

    Cisco’s revenue declined 9% on annual basis in the quarter in a line with the 9% in the previous quarter. The Coronavirus pandemic is affecting the company as other business affected and its cloud services sales have been increased as more people have to work from home during the current scenario.

    The company saw an increase of 5% in public sector orders year over year in the quarter while orders declined in enterprise, commercial and service provider segments. Cisco CEO Chuck Robbins said that he is hopeful about the future and he thinks that the company had customers who were super focused on getting their employees working from home properly and getting their security set up.

    Cisco’s Infrastructure Platforms segment delivered $6.34 billion in revenue. It’s the largest part of Cisco’s business by revenue, and it’s the one that’s most impacted by the virus. The Cisco video-calling service Webex and the AppDynamics monitoring software earned $1.38 billion in revenue, slightly less than the estimates of $1.40 billion.

    The Company also announced that the Scott Herren, the current chief financial officer of Autodesk will replace Kelly Kramer as a chief financial officerwhose retirement was announced in August.

    Cisco is working to increase diversity in their workers by increasing Black representation among executive ranks by 75% by 2023.Cisco shares declined 20% so far this year till Thursday while the S&P 500 increased by 9% over the same period.