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

    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.

  • Early Morning Vibes: 3 Hot Stocks to Watch Before Long Weekend

    Early Morning Vibes: 3 Hot Stocks to Watch Before Long Weekend

    On February 11, American stock exchanges finished trading mostly in the green zone. The S&P 500 index rose 0.17% to 3916 points, the NASDAQ added 0.38%, the Dow Jones fell by a purely symbolic 0.02%. There were no new drivers for the movement, so investors were guided by the already familiar factors. The tech sector recovered 1.1% after falling the day before. In contrast, the energy sector fell 1.53% as part of the correction after the rally.

    Company news

    Game developer Zynga (ZNGA: + 7.4%) exceeded expectations due to strong demand for gaming entertainment and increased ad revenue.

    Home audio system maker Sonos (SONO: + 15.7%) posted strong quarterly results and strong forecasts.

    Strong reporting from Zebra Technologies (ZBRA: + 10%) reflected a rebound in SME demand for the company’s solutions.

    Today, world stock exchanges are showing mostly positive dynamics. The news background remains quite calm. Strong factors supporting optimism remain the prospects for fiscal stimulus adoption in late February or March, positive quarterly reporting, and strong corporate forecasts for 2021. At the same time, investors are worried about the overbought of some market segments, as well as the threat of the spread of new strains of coronavirus.

    The Biden administration has ordered an additional 100 million doses of Pfizer / BioNTech anticoid vaccine and another 100 million doses from Moderna. The vaccination campaign continues to accelerate. About 1.6 million vaccinations are made every day, although at the beginning of February the figure was at 1.3 million. At the current rate, it will take nine months to ensure immunity to 75% of the US population, but the vaccination procedure is accelerating. A poll of economists by the WSJ indicated an improvement in US GDP forecasts. Now, on average, the economy is expected to grow by 4.9% this year, which is 0.6% higher than the January estimates. Economists say the main reason for the positive revision of the forecast is the increase in the rate of vaccination.

    Note that on Monday, the US stock exchanges will not work, so investors today may be inclined to partially close positions. Against this background, the continuation of lateral dynamics or a slight correction is most likely.

    Technically, the S&P 500 is still in an uptrend. 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. The RSI indicator is forming a bearish divergence, which may lead to a short-term correction.

    Today Top Movers

    China Liberal Education Holdings (CLEU) share price jumped 79.26% to $7.26 during the early morning ‎trading session on ‎Friday after a 13G filing showed 4 Investors has stakes in the company totaling 57.17%.
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    2U Inc (TWOU) stock ascended 4.58% at $51.42 in the pre-market trading today after the company released financial and operating results for the full-year and fourth quarter ended December 31, 2020. ‎

    Denison Mines Corp (DNN) gained over 41.34% at $1.47 in pre-market ‎trading on Friday.‎ The company recently reported 2020 phoenix expansion drilling returns best results to date at Zone C.

    Top Upgrades & Downgrades

    Jefferies turned bullish on Prothena Corporation plc (PRTA), upgrading the stock to “Buy” and assigning a $30.0 price target, representing potential upside of 91.08% from Thursday’s close. 

    HubSpot Inc. (HUBS) has won the favor of Raymond James’s equity research team. The firm upgraded the shares from Outperform to Strong Buy and moved their price target to $725.0, suggesting 66.1% additional upside for the stock. 

    TransUnion (TRU) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $115. They changed their rating on TRU to Buy from Hold in a recently issued research note.

    Earlier Friday DA Davidson reduced its rating on NIC Inc. (EGOV) stock to Neutral from Buy and assigned the price target to $34.0. 

    BofA analysts reduced their investment ratings, saying in research reports covered by the media that its rating for TreeHouse Foods Inc. (THS) has been changed to neutral from Buy and the new price target is set at $52.

    Analysts at BofA ‎downgraded PTC Therapeutics Inc. (PTCT)’s stock to Neutral from Buy Friday.

    Latest Insider Activity

    Allegro MicroSystems Inc. (ALGM) Brown Christopher announced the sale of shares taking place on Feb 09 at $29.16 for some 12,500 shares. The total came to more than $0.36 million.

    Edwards Lifesciences Corporation (EW) CVP, Japan & Intercontinental WANG HUIMIN sold on Feb 11 a total 93,213 shares at $86.81 on average. The insider’s sale generated proceeds of almost $1.02 million.

    DXC Technology Company (DXC) Director FERNANDEZ RAUL J declared the purchase of shares taking place on Feb 10 at $25.76 for some 1,943 shares. The transaction amount was around $50060.0.

    Infrastructure and Energy Alternatives Inc. (IEA) Director Ares Management Corp bought on Feb 09 a total of 71,226 shares at $1000.00 on average. The purchase cost the insider an estimated $56.61 million.

    Important Earnings

    Top US earnings releases scheduled for today include ImmunoGen, Inc. (NASDAQ: IMGN). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.08 per share from revenues of $40.83M in the three-month period. 

    Analysts expect Newell Brands Inc. (NASDAQ: NWL) to report a net income (adjusted) of $0.48 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $2.63B. 

    Dominion Energy Inc. (D), due to announce earnings before the market opens today, is expected to report earnings of $0.8 per share from revenues of $4.24B recently concluded three-month period.

  • Top 15 Trending Stocks In Utilities Industry

    Top 15 Trending Stocks In Utilities Industry

    The utility sector consists of those companies that provide natural gas, electricity, water, and other services to businesses and homes. Some companies are involved in the production of natural gas and electricity to commercial residential and industrial customers. Few companies which come under this industry are working in Gas utilities, power generation, electric utilities, and Mining segments. These companies are embracing the new trends that position them in the new era of growth.

    This year is expected to bring new opportunities and challenges for many businesses. Market opportunities are opening for the new emerging businesses. The utility diversified industry continues to transform. Now the businesses are well into a period of change driven by technological and competitive forces, as well as changing customer expectations.

    Here are the few companies in the utility diversified industry sector. Let’s take a quick look how they are following new trends:

    The AES Corporation (AES)

    The AES Corporation (AES) last closed at $17.96, in a 52-week range of $8.11 to $21.23. Analysts have a consensus price target of $19.44. The AES Corporation today revealed the opening of the Smart Operations Center in Ohio, the first of its kind in the United States. It has opened a new era of innovative energy solutions. This company market capitalization has remained high, hitting $11.72 billion at the time of writing.

    FirstEnergy Corp. (NYSE: FE)

    FirstEnergy Corp. (NYSE: FE) stock soar by 2.10% to $28.16. The most recent rating by RBC Capital Mkts, on September 03, 2020, is at an Outperform. FirstEnergy Corp. (FE) has received recognition from the Edison Electric Institute (EEI) for excellence in providing superior service to multisite National Account customers, such as big-box retailers and major restaurant chains. This company market capitalization has remained high, hitting $15.71 at the time of writing.

    Exelon Corporation (NASDAQ: EXC)

    Exelon Corporation (NASDAQ: EXC) shares headed rising, higher as much as 0.96%. The most recent rating by BofA Securities, on August 17, 2020, is at an Underperform. Exelon Corporation (EXC) has also chosen 30 companies to its 2020 D&I Honor Roll, which includes partners in banking, insurance, IT, legal, professional services, and investments for their work to include women and people of color in key roles on Exelon’s account teams, as well as additional efforts that recognize the value of D&I. This company market capitalization has remained high, hitting $34.75 billion at the time of writing.

    Dominion Energy Inc. (D)

    Dominion Energy Inc. (D) last closed at $76.31, in a 52-week range of $57.79 to $90.89. Analysts have a consensus price target of $81.85. The Dominion Energy Christmas Parade has officially revealed its decision to host a televised-only event due to the ongoing COVID-19 pandemic. Viewers can be able to tune in to watch the 37th annual Christmas Parade exclusively on WTVR CBS6 on Saturday, Dec. 5 from 10 a.m. to noon or watch the rebroadcast on Christmas Day. It has a total market capitalization of $65.66 billion at the time of writing.

    Public Service Enterprise Group Incorporated (NYSE: PEG)

    Public Service Enterprise Group Incorporated (NYSE: PEG) rose 2.99% after gaining more than $1.55 on Thursday. The centerpiece of Public Service Electric and Gas Co.’s (PSE&G) landmark Clean Energy Future proposal has received approval earlier by the New Jersey Board of Public Utilities (BPU). This company has a market capitalization of $27.52 billion at the time of writing.

    South Jersey Industries Inc. (NYSE: SJI)

    South Jersey Industries Inc. (NYSE: SJI) Shares headed rising, higher as much as 1.24%. The most recent rating by Mizuho, on July 24, 2020, is at a Neutral. South Jersey Industries Inc. (SJI) revealed that the New Jersey Board of Public Utilities (NJBPU) approved changes to its base rates, as well as other rates including those related to the Company’s accelerated infrastructure programs. This company market capitalization has remained high, hitting $1.98 billion at the time of writing.

    Entergy Corporation (NYSE: ETR)

    Entergy Corporation (NYSE: ETR) rose 0.64% after gaining more than $0.61 on Thursday. Entergy Corporation (ETR) revealed earlier it is accelerating its climate action goals with a commitment to achieving net-zero carbon emissions by 2050. The company also confirmed its continued commitments to grid reliability and affordability for customers.

    Avista Corporation (NYSE: AVA)

    Avista Corporation (NYSE: AVA) stock soar by 0.15% to $33.41. The most recent rating by BofA Securities, on September 22, 2020, is at a Neutral. Avista Corporation (AVA) has revealed the initial findings from its investigations. Avista’s investigation has revealed that the primary cause of the fires in its region was extremely high winds, a weather event that triggered wildfires and affected electric utilities throughout the Pacific Northwest.

    Black Hills Corporation (NYSE: BKH)

    Black Hills Corporation (NYSE: BKH) shares headed rising, higher as much as 0.76%. The most recent rating by Sidoti, on May 21, 2020, is at a Buy. BKH revealed the appointment of Barry M. Granger and Scott M. Prochazka to its board of directors, effective Oct. 1, 2020. In anticipation of future retirements, the board also temporarily increased the size of the board from 10 to 12 directors.

    NorthWestern Corporation (NYSE: NWE)

    NorthWestern Corporation (NYSE: NWE) rose 0.77% after gaining more than $0.37 on Thursday. NorthWestern Corporation (NWE) revealed that it is transferring its stock exchange listing from The New York Stock Exchange after the end of trading on September 30, 2020, to The Nasdaq Global Select Market (Nasdaq).

    Orbital Energy Group Inc. (NASDAQ: OEG)

    Orbital Energy Group Inc. (NASDAQ: OEG) shares were trading up 31.59% at $0.68 at the time of writing on Thursday. Orbital Energy Group Inc. (OEG) share price went from a low point around $0.45 to briefly over $1.32 in the past 52 weeks, though shares have since pulled back to $0.68. OEG market cap has remained high, hitting $21.33M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Sempra Energy (SRE)

    Sempra Energy (SRE) stock soar by 1.08% to $115.74. The most recent rating by Wells Fargo, on August 17, 2020, is at an Equal-weight. Sempra Energy (SRE) share price went from a low point around $ 88.00 to briefly over $161.87 in the past 52 weeks, though shares have since pulled back to $115.74. SRE market cap has remained high, hitting $33.77 billion at the time of writing.

    ALLETE Inc. (NYSE: ALE)

    ALLETE Inc. (NYSE: ALE) last closed at $50.94, in a 52-week range of $48.22 to $88.60. Analysts have a consensus price target of $64.50. It has moved up 5.64% from its 52-weeks low and moved down -42.51% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 0.30. This company market cap has remained high, hitting $2.63 billion at the time of writing.

    MGE Energy Inc. (NASDAQ: MGEE)

    MGE Energy Inc. (NASDAQ: MGEE) last closed at $61.90, in a 52-week range of $47.19 to $83.26. Analysts have a consensus price target of $63.50.  MGE Energy Inc. share price went from a low point around $47.19 to briefly over $83.26 in the past 52 weeks, though shares have since pulled back to $61.90. MGEE market cap has remained high, hitting $2.29 billion at the time of writing.

    Otter Tail Corporation (OTTR)

    Otter Tail Corporation (OTTR) stock soar by 0.81% to $36.09. The most recent rating by Sidoti, on August 05, 2020, is at a Buy. Otter Tail Corporation (OTTR) share price went from a low point around $30.95 to briefly over $57.74 in the past 52 weeks, though shares have since pulled back to $36.09. OTTR market cap has remained high, hitting $1.50 billion at the time of writing.