STOCKS TELEGRAPH

Tag: FB

  • Meta Platforms Inc. (FB) Soars After Hours on Latest Earnings that Gave s Sigh of Relief to Investors

    The Facebook parent company, Meta Platforms Inc. (FB) posted mixed earnings on April 27, after the bell. The company’s Q1 fiscal 2022 earnings gave a sigh of relief to the fearful investors despite a revenue miss. Thus, the stock jumped up in the after-hours to add 18.34% at a heavy volume. 15.46 million shares had the stock trading at a price of $207.04 in the session. This surge came after a decline of 3.32% in the prior session which had the stock valued at $174.95 a share. Moreover, the regular session’s downfall registered a new 52-week low as well.

    Source: iStock

    What Does the Earnings Report Say?

    The company’s earnings while a miss on some was a beat on other items. The company’s revenue rose by just 7% YOY to $27.9 billion in the quarter. Analysts were expecting the company to report revenue of $28.3 billion which thus missed the expectations.

    On the other hand, giving a positive surprise was FB’s earnings. Despite the 21% decline in net income on the heels of a massive increase in total costs and expenses, the earnings were better than expected. The net income decreased from $9.49 billion in Q1 2021 to $7.46 billion in 2022’s first quarter. However, earnings of $2.72 per share beat the analysts’ expectations of $2.56 a share for the quarter.

    Additionally, the YOY user growth slowed down as key metrics rose by just 3%-6% against the first quarter of 2021. But another surprising factor that showed signs of life for the giant was growth in the number of daily active Facebook users. Marking a turnaround from the first-ever decline in users last year, the daily active users grew to $1.96 billion in Q1 2022. While the increase was just 4% YOY it was still much better than a decrease.

    FB’s Future Outlook

    Given the major shift the company is undergoing as it moves towards metaverse on top of the multiple challenges (competition, antitrust from Congress, etc), FB’s outlook also remained shy of expectations. The company’s Q2 guidance has the revenue pegged at $29 billion at the midpoint, which is below estimates of $30.7 billion.

    A Quick Overview of the Market

    On Tuesday, Nasdaq closed at its worst level in over a year on tech earnings fear amid implications of inflation and China lockdowns on Covid-19. But Wednesday brought a sigh of relief as the tech giants helped the composite inch higher amid mixed earnings. While Alphabet was disappointed, Microsoft and Meta rallied.

    Conclusion

    Despite mixed results, investors celebrated FB over signs of life as the company’s earnings surpassed estimates while daily users recovered.

  • Meta Platforms Inc. (FB) stock Gloomy After Hours on Disappointing Earnings & Outlook

    On February 02, Meta Platforms Inc. (FB) declared its results for Q4 and full-year 2021, along with future outlook and ticker change. Consequently, the stock nosedived in the after-hours.

    In anticipation of the earnings release, investors flocked towards the stock on Wednesday. The regular session saw 277% of its average volume at 58.46 million shares. FB was able to gain 1.25% during regular trading to close the session at $323.00. Following the announcement, the stock plunged by 22.89% at an after-hours volume of 24.52 million. Thus, FB was trading at $249.05 per share in the after-hours on Wednesday.

    The global social technology company, Meta Platforms Inc. has a market capitalization of $887.38 billion. Currently, the company has 2.37 billion shares outstanding in the market.

    FB’s Financial Results

    In Q4 and fiscal 2021, the company generated total revenue of $33.67 billion and $117.92 billion, respectively. Comparatively, the total revenue was $28.07 billion in Q4 2020 and $85.96 billion in fiscal 2020. This shows a YOY change of 20%.

    Moreover, FB had a net income of $10.28 billion in Q4 2021 and $39.37 billion in fiscal 2021. This compares to $11.21 billion and $29.14 billion in Q4 and fiscal 2020, respectively. Resultantly, the company had EPS of $3.67 and $13.77 in Q4 and fiscal 2021, respectively. Furthermore, analysts were expecting EPS of $3.85 for Q4 of 2021.

    Additionally, Family daily/monthly active people and Facebook’s daily/monthly active users showed a below 10% increase YOY in December 2021.

    Future Outlook

    FB expects total revenue for Q1 2022 to be between $27 and $29 billion, with a YOY increase of 3-11%.

    In addition, the company also revised its total expenses guidance from $91-97 billion to $90-95 billion for 2022.

    Ticker Symbol Change

    Based on the company’s recent name change from Facebook to Meta, the company has decided to change its ticker as well. Therefore, in the first half of 2022, FB’s Class A common stock will commence trading under the ‘META’ symbol.

    FB’s New Segment

    Recently, the company implemented a new financial reporting structure in a devised segmented way. The new segmented structure comprises two main segments: Family of Apps (FoA) and Reality Labs (RL).

    The FoA segment includes Facebook, Instagram, Messenger, WhatsApp, and other services.

    RL segment consists of augmented and virtual reality-related consumer hardware, software, and content.

    Conclusion

    While the company’s previous quarter/year’s results were already unimpressive with mild growth, the gloomy outlook fueled investors’ disappointment. As a result, the stock took a hit in the after-hours on Wednesday.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    US stock indices closed with growth on Monday. The last week rally in US government bond yields stalled, easing investors’ concerns about the prospects of raising interest rates.

    The S&P 500 jumped 90.67 points, or 2.4%, to 3901.82, the largest percentage gain in a single session since June 5 last year. The Dow Jones Industrial Average rose 603.14 points, or 1.9%, to 31,535.51, and the Nasdaq Composite rose 396.48 points, or 3%, to 13588.83.

    All three indices declined last week under pressure from the plummeting tech sector. Their recovery on Monday took place against the backdrop of a decrease in the yield of 10-year US Treasury bonds (a benchmark for the cost of borrowing in world markets) from Friday 1.459% to 1.444%.

    The stock market, especially the tech sector, has been hit in recent sessions by volatility in government bond markets. The rise in long-term bond yields, fueled by an improved economic outlook, makes technology stocks and other fast-growing companies less attractive to investors. Even with Monday’s gains, the Nasdaq remains 3.6% below its Feb 12 record close.
     Yields on bonds soared higher last week, calling into question the prospect of continued low-interest rates that saw the rally in equities last year. In addition, the likelihood of the end of the loose monetary policy used by the Fed to fight inflation has increased.

    After the House passed a $ 1.9 trillion package of measures, Biden called on the Senate for swift action over the weekend. Democrats are aiming to formalize the package by March 14, when some federal unemployment benefits are due to expire.Some investors are worried that rising government bond yields and mounting inflationary pressures could destabilize the stock market, especially in light of the expected huge federal spending as part of Biden’s stimulus package.

    Meanwhile, according to data released on Monday, manufacturing activity in the US grew at the fastest pace since the start of the pandemic in February. The purchasing managers’ index (PMI) of the Institute of Supply Management for February was 60.8 points against 58.7 in January. Economists’ forecast suggested that the index will be 58.9 points. Index readings above 50 indicate increased activity.
     Several Fed officials are due to speak later this week, and investors will be watching these speeches closely for signs of concern about government bond yields.

    The improvement in investment sentiment was noticeable outside the United States as well. Thus, the pan-European index Stoxx Europe 600 rose by 1.8%. The growth was led by shares of retail and travel companies, whose fate depends on the recovery of economic activity.

    Today Top Movers

    Great Elm Group Inc (GEG) share price surged 96.52% to $6.78 in pre-market trading today. 

    TherapeuticsMD Inc. (TXMD) stock soared 16.26% to $1.68 in the pre-market trading. 

    Inuvo Inc. (AMEX: INUV) shares are trading up 20.61% at $1.58 at the time of writing. 

    STRATA Skin Sciences Inc. (SSKN) grew over 56.07% at $2.7 in pre-market trading today after declaring inducement grants under Nasdaq Listing Rule 5635(c)(4).

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Akamai Technologies Inc. (AKAM), upgrading the stock to “Overweight” and assigning a $119.0 price target, representing a potential upside of 24.04% from Monday’s close. 

    Repay Holdings Corporation (RPAY) has won the favor of Wells Fargo’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $29. 

    Morgan Stanley (MS) received an upgrade from analysts at Daiwa, who also set their one-year price target on the stock to $86. They changed their rating on MS to Outperform from Neutral in a recently issued research note. 

    Earlier Tuesday SVB Leerink reduced its rating on Athenex Inc. (ATNX) stock to Market Perform from Outperform and assigned the price target to $5. 

    JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Viatris Inc. (VTRS) has been changed to Neutral from Overweight and the new price target is set at $18. 

    Analysts at B. Riley Securities downgraded Service Properties Trust (SVC)’s stock to Neutral from Buy Tuesday.

    Latest Insider Activity

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark announced the sale of shares taking place on Feb 26 at $261.38 for some 44,750 shares. The total came to more than $11.7 million. 

    Morphic Holding Inc. (MORF) Director Omega Fund V, L.P. sold on Mar 01 a total of 2,551,555 shares at $45.93 on average. The insider’s sale generated proceeds of almost $0.32 million. 

    Abbott Laboratories (ABT) Director Kumbier Michelle declared the purchase of shares taking place on Feb 23 at $122.50 for some 2,040 shares. The transaction amount was around $0.25 million. 

    United Parcel Service Inc. (UPS) Director Hewett Wayne M. bought on Feb 24 a total 868 shares at $159.82 on average. The purchase cost the insider an estimated $99,887.

    Important Earnings

    Top US earnings releases scheduled for today include Kopin Corporation (KOPN). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.01 per share from revenues of $21.89M in the three-month period. 

    Analysts expect Hewlett Packard Enterprise Company (NYSE:HPE) to report a net income (adjusted) of $0.41 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $9.33M. 

    fuboTV Inc. (FUBO), due to announce earnings after the market closes today, is expected to report earnings of -$0.73 per share from revenues of $93.94M recently concluded three-month period.

  • 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.

  • Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

    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.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    The Nasdaq Composite and S&P 500 stocks closed at record highs on Monday amid fluctuations in technology stocks, while investors awaited the release of multiple financial reports.

    The Nasdaq rose 92.93 points, or 0.7%, to 13635.99 points at the end of the volatile session. The index jumped 1.4% early in the day, then dropped 1.3% and then recovered. At the same time, there were no clear catalysts for such dynamics of the index.

    The S&P 500 added 13.89 points, or 0.4%, to 3855.36 points. The Dow Jones Industrial Average fell 36.98 points, or 0.1%, to 30960.00 points. Investors are worried about disruptions in the supply of Covid-19 vaccines. Pharmaceutical giant Merck has announced that it is ending work on a Covid-19 vaccine due to disappointing test results. Thus, a major participant dropped out of the race to create an effective vaccine. Meanwhile, its competitor, AstraZeneca, warned on Friday that shipments of its vaccine to the European Union would fall short of forecast.

    Vaccination problems and the spread of new strains of coronavirus have contributed to the recent rally in technology stocks. Tech corporations should benefit from this situation, as companies and employees who have switched to telecommuting are increasingly using digital technology.

    Corporate News

    Tech stocks were volatile. Apple shares gained 2.8%. Shares of data scientist Palantir Technologies, which is due to present its software on Tuesday, jumped 11.0% after posting a 21.0% gain throughout the day.

    Twitter and Etsy were down 0.5% and 2.2%, respectively, while rallying in early trading. Among the outsiders in the United States were also shares of financial and oil and gas companies. Chevron lost 0.9%, Goldman Sachs – 2.2%, which affected the DJIA.

    Meanwhile, shares of Kimberly Clark, a maker of Kleenex wipes and Huggies diapers, rose 3.3% after it forecast net sales to rise in 2021. It also raised its quarterly dividend and announced a new $ 5 billion share buyback program. Shares of special-purpose M&A firm TS Innovation Acquisitions, part of the Tishman Speyer real estate group, jumped 44.0%.
     The yield on the 10-year US Treasury bond fell from 1.090% on Friday to 1.038%.

    Today Top Movers

    Adamas Pharma (ADMS), a drug manufacturer company, soared about 15.35% ‎at $5.86 in pre-market ‎trading Tuesday. The FDA decision on the expanded use of Adamas Pharma’s lead drug GOCOVRI is expected on February 1, 2021.‎

    ‎Arcimoto Inc (FUV) share price jumped 2.29% to $21.85 during the early morning ‎trading session on ‎Tuesday after the company revealed that it has reached an agreement to acquire Tilting Motor Works.

    ‎US Well Services Inc (USWS) stock ascended 13.08% at $1.10 in the pre-market trading today after receiving notice from the Nasdaq stock market that it has regained compliance with Nasdaq Listing Rule 5550(b)(2).

    ‎Phunware Inc (PHUN) gained over 21.37% at $1.76 in pre-market ‎trading as Today Phunware COO Randall Crowder will be presenting at the Proactive Investors One2One Investor Forum about the company’s 2021 roadmap for the commercial launch of its blockchain-enabled customer data platform and mobile loyalty ecosystem.

    Top Upgrades & Downgrades

    Goldman Sachs turned bullish on DraftKings Inc. (DKNG), upgrading the stock to “Buy” and assigning a $65.0 price target, representing a potential upside of 26.73% from Monday’s close.

    FVCBankcorp Inc. (FVCB) 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 $19.0, suggesting 20.03% additional upside for the stock.

    Colgate-Palmolive Company (CL) received an upgrade from analysts at Berenberg, who also set their one-year price target on the stock to $76.0. They changed their rating on CL to Hold from Sell in a recently issued research note.

    Earlier Tuesday BMO Capital reduced its rating on Sonoco Products Company (SON) stock to Market Perform from Outperform and assigned the price target to $65.

    RBC Capital analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for BlackBerry Limited (BB) has been changed to Underperform from Sector Perform.

    Analysts at Goldman Sachs downgraded Delek US Holdings Inc. (DK)’s stock to Sell from Neutral Tuesday.

    Latest Insider Activity

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark announced the sale of shares taking place on Jan 22 at $275.79 for some 55,869 shares. The total came to more than $15.41 million.

    Twitter Inc. (TWTR) Engineering Lead Montano Michael sold on Jan 20 a total 664,770 shares at $46.23 on average. The insider’s sale generated proceeds of almost $0.1 million.

    The Blackstone Group Inc. (BX) 10% Owner Blackstone BDC Holdings LLC declared the purchase of shares taking place on Jan 07 at $25.00 for some 997,940 shares. The transaction amount was around $24.95 million.

    Arcadia Biosciences Inc. (RKDA) Chief Executive Officer Plavan Matthew T bought on Aug 03 a total of 14,285 shares at $3.16 on average. The purchase cost the insider an estimated $1,849.

    Important Earnings

    Top US earnings releases scheduled for today include General Electric Company (NYSE: GE). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.09 per share from revenues of $21.83B in the three-month period.

    Analysts expect Advanced Micro Devices Inc. (NASDAQ: AMD) to report a net income (adjusted) of $0.47 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.02B.

    Microsoft Corporation (MSFT), due to announce earnings after the market closes today, is expected to report earnings of $1.64 per share from revenues of $40.18B recently concluded three-month period.

  • Early Morning Vibes: Top 4 Stocks To Watch Right Now

    Early Morning Vibes: Top 4 Stocks To Watch Right Now

    For Martin Luther King Day, the U.S. treasuries were closed yesterday. In the meantime, on Wednesday, the Americans are waiting for the unveiling of Joe Biden. In the run-up to that time, a $1900 billion corona support plan was already revealed. Janet Yellen, Minister of Economy, also accepts. The former Fed Chairman suggests that a massive boost can be used to generate the existing low-interest rates.

    The future of New York is now pointed to a higher start. The S&P future is 0.48% higher and the Nasdaq trading is even 0.80% higher. The annual findings of Bank of America and Goldman Sachs will be revealed this afternoon at 1 p.m. It’s the turn of Netflix after the closure at 10:00 PM. In the fourth quarter of 2020, JPMorgan Chase analysts plan to welcome 6 million users on the subscription site.

    Today Top Movers

    DBV Technologies (DBVT), a biotechnology company, rose about 37.99% ‎at $7.81 in pre-market trading Tuesday after it declared the receipts of written responses from the FDA to the question asked for the ‎Type A request the company submitted in Oct 2020.

    Gevo Inc (GEVO) share price climbed 39.22% to $8.91 during early morning ‎trading session on Tuesday.‎ The company will participate in Water Tower Research Fireside Chat Series on Thursday, January 21, 2021 at 3:00 pm EST.

    Nio Inc (NIO) stock escalated 4.37% at $58.73 in the pre-‎market trading today after declaring the closing of US$1.5 billion convertible senior notes.

    Castor Maritime Inc (CTRM) hiked over 8.10% at $0.36 in pre-market ‎trading on Tuesday.‎

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Facebook Inc. (FB), upgrading the stock to “Overweight” and assigning a $345.0 price target, representing a potential upside of 29.3% from Friday’s close.

    Darden Restaurants Inc. (DRI) has won the favor of Morgan Stanley’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $142.0, suggesting 17.23% additional upside for the stock. 

    Arch Capital Group Ltd. (ACGL) received an upgrade from analysts at JMP Securities. They changed their rating on ACGL to Market Outperform from Market Perform in a recently issued research note. 

    Earlier Tuesday BofA reduced its rating on Acadia Realty Trust (NYSE: AKR) stock to Neutral from Buy and assigned the price target to $17.50. 

    BofA analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Premier Inc (NASDAQ: PINC) has been changed to Underperform from Buy and the new price target is set at $36. 

    Analysts at BofA downgraded Cerner Corporation (NASDAQ: CERN)’s stock to Underperform from Buy Tuesday.

    Latest Insider Activity

    TransEnterix Inc. (TRXC) Director Milne David Bruce announced the sale of shares taking place on Jan 15 at $2.10 for some 147,058 shares. The total came to more than $0.31 million.

    Inovio Pharmaceuticals Inc. (INO) CFO KIES PETER sold on Jan 15 a total of 119,290 shares at $10.02 on average. The insider’s sale generated proceeds of almost $0.3 million. 

    Amicus Therapeutics Inc. (FOLD) Director WHITMAN BURKE W declared the purchase of shares taking place on Jan 04 at $23.17 for some 1,500 shares. The transaction amount was around $34755. 

    C.H. Robinson Worldwide Inc. (CHRW) Director SHORT BRIAN bought on Jan 04 a total 21,843 shares at $93.58 on average. The purchase cost the insider an estimated $5,159.

    Important Earnings

    Top US earnings releases scheduled for today include Bank of America Corporation (NYSE: BAC). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.55 per share from revenues of $20.68B in the three-month period.

    Analysts expect Halliburton Company (NYSE: HAL) to report a net income (adjusted) of $0.15 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.21B.

    Netflix Inc. (NFLX), due to announce earnings after the market closes today, is expected to report earnings of $1.39 per share from revenues of $6.63B recently concluded three-month period.

  • Facebook (FB) to refund certain advertisers after miscalculating data on the performance

    Facebook (FB) to refund certain advertisers after miscalculating data on the performance

    Since falsely reporting one of the indicators of the possible efficacy of their ads over the span of a year, Facebook (FB) is paying back some advertisers.

    Between August 2019 and August 2020, the corporation’s “conversion lift” tool experienced a glitch that allegedly affected thousands of advertisements.

    In September, Facebook patched the mistake and is now providing a loan to consumers “significantly affected” by the error.

    According to an explanation of the tool on Facebook’s website, conversion lift lets involves systematically how advertisements contribute to revenue, using a “gold-standard methodology” that connects advertising on Facebook sites like Instagram, to market results.

    The free tool presents advertising for different evaluation and control categories and then compares each revenue conversion. Then an advertiser will determine how much to invest in the social network depending on the outcome of the analysis.

    But marketers, according to a post on the AdExchanger website, were only alerted to the mistake this month.

    We found a technological error that impaired some conversion lift testing when making changes to our measuring goods. We have resolved this and are partnering with advertisers that have affected studies. A “tiny proportion” of advertisers were affected, and according to the firm, they would get a “one-time credit.”

    It’s not the first time that Facebook has confessed to reporting errors. In September 2016, it said it misjudged the total time users spend watching video ads over a two-year period, and a study showed in 2017 that in some U.S. states and counties, Facebook appeared to attract more people than official demographic figures said existed in those regions.

    Facebook is a global platform for ads, whose revenue comes mainly from smaller advertisers. In the q3, its ad sales hit $21.2 billion, up 22 percent on the year before and it expects holiday demand in the 4th quarter to boost ad revenue.

  • 7 Best Stocks In Internet Content Information Industry

    The Internet Content Information Industry is engaged in providing the information to the people they are looking for on the internet. More than 4.5 billion people around the world are using the internet. Some users are looking for necessary information, some are using social media apps for entertainment and some people are earning money through this industry.

    This industry is generating revenue in two ways. Some companies in this industry are demanding charges for their content and some provide free content to the users. This industry also comes in the technology sector. The challenges are not unique, every industry experience challenges as it becomes more mature. The Internet content industry is also facing new challenges as more and more people are turning towards this industry.

    Here are the top 7 booming stocks in the internet content and information industry that are good choice right now:

    Twitter Inc. (NYSE: TWTR)

    Twitter Inc. (NYSE: TWTR) shares were trading down -4.57% at $39.47 at the time of writing on Monday. Twitter Inc. (NYSE: TWTR) share price went from a low point around $20.00 to briefly over $52.93 in the past 52 weeks, though shares have since pulled back to $39.47. TWTR market cap has remained high, hitting $39.57B at the time of writing, giving it a price-to-sales ratio of more than 10.

    Twitter Inc. (TWTR) CEO Jack Dorsey has gathered praise from activists. Twitter hide the Trump tweet attacking the Supreme Court’s decision on Pennsylvania ballots. If we look at the recent analyst rating TWTR, Pivotal Research Group reiterated coverage on TWTR shares with a Buy rating and a $40.99 price target, which implies room for 1.52% upside momentum this year.

    Pinterest Inc. (PINS)

    Pinterest Inc. (PINS) stock drop by -0.97% to $58.38. The most recent rating by MKM Partners, on October 29, 2020, is at a Buy. Pinterest Inc. (PINS) has earlier announced the financial results of the third quarter of 2020. It has reported Q3 revenue of $443 million, experiencing a 58% year over year increase. Its Global Monthly Active Users (MAUs) rose 37% year over year to 442 million.

    Facebook Inc. (NASDAQ: FB)

    Facebook Inc. (NASDAQ: FB) shares headed falling, lower as much as -0.67%. The most recent rating by Monness Crespi & Hardt, on October 30, 2020, is at a Buy. Facebook Inc. (FB) has revealed that it has experienced a better-than-projected increase in third-quarter revenue, representing a major advertiser boycott had a limited impact against the backdrop of a broader revival of spending on digital marketing.

    Tencent Music Entertainment Group (NYSE: TME)

    Tencent Music Entertainment Group (NYSE: TME) fall -0.87% after losing more than -$0.13 on Monday. Tencent Music Entertainment Group (TME) has announced today that it has signed an exclusive licensing deal with peermusic. Users of TME will be able to access the catalog through TME’s streaming platform and other local digital platforms, which include QQ Music, Kugou Music, Kuwo Music, and WeSing.

    iQIYI Inc. (NASDAQ: IQ)

    iQIYI Inc. (NASDAQ: IQ) last closed at $25.19, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.15. iQIYI Inc. (IQ) disclosed earlier that its original series The Bad Kids won the “Best Creative” award at the 2nd Asia Contents Awards. The Awards is organized by the 2020 Busan International Film Festival was held in Busan, South Korea on October 25.

    ANGI Homeservices Inc. (NASDAQ: ANGI)

    ANGI Homeservices Inc. (NASDAQ: ANGI) stock soar by 3.11% to $10.93. The most recent rating by Credit Suisse, on October 29, 2020, is at an Outperform. ANGI Homeservices Inc. (ANGI) disclosed earlier that it is scheduled to announce its third-quarter results on November 6, 2020.

    Snap Inc. (NYSE: SNAP)

    Snap Inc. (NYSE: SNAP) last closed at $40.79, in a 52-week range of $7.89 to $44.18. Analysts have a consensus price target of $38.91. Snap Inc. (SNAP) has moved up 416.98% from its 52-weeks low and moved down -7.67% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 5.40. SNAP market cap has remained high, hitting $65.14B at the time of writing.

     

  • Top 12 Internet Content & Information Industry Stocks You Can’t Ignore In 2020

    Top 12 Internet Content & Information Industry Stocks You Can’t Ignore In 2020

    Internet Content Industry‘s main goal is to provide people with the necessary information they are looking for. This industry is continuously adopting new technological changes and changing its standards. Content has been available online ever since the early days of the Internet. But this industry is entering into a new era of growth. This industry is earning revenue in two ways. Some provide free content and charge for selling advertisements at their site. And other demand charges for their content.

    More than 4.5 billion people now used the internet around the globe. And nearly 60% population of the world is already online. The major challenge of this industry is to provide people authentic information and must ensure that everyone around the world has fair and equal access to all the content and information they are looking for on the internet.

    Check out these 12 companies in the Internet Content & Information Industry to see how these companies are providing the necessary information to people around the globe:

    Uxin Limited (NASDAQ: UXIN)

    Uxin Limited (NASDAQ: UXIN) shares were trading down -5.04% at $1.13 at the time of writing on Tuesday. Uxin Limited (NASDAQ: UXIN) share price went from a low point around $0.72 to briefly over $3.80 in the past 52 weeks, though shares have since pulled back to $1.13. UXIN market cap has remained high, hitting $334.37M at the time of writing, giving it a price-to-sales ratio of more than 2.

    Uxin Limited (UXIN) disclosed that it has separately signed a definitive agreement with two investors. As per the agreement, Uxin will issue and sell an aggregate of 84,692,839 Class A ordinary shares to these investors through private placements for an aggregate purchase price of approximately US$25,000,000. If we look at the recent analyst rating UXIN, JP Morgan downgraded coverage on UXIN shares with a Neutral rating.

    Pinterest Inc. (NYSE: PINS)

    Pinterest Inc. (NYSE: PINS) shares headed falling, lower as much as -1.09% after Pinterest has announced that it has appointed Salaam Coleman Smith to Board of Directors. Salaam Coleman Smith is the former Executive Vice President of Programming and Strategy at Disney’s ABC Family and Freeform and former President of Comcast NBCUniversal’s Style Media. The most recent rating by Guggenheim, on September 28, 2020, is at a Buy.

    Snap Inc. (NYSE: SNAP)

    Snap Inc. (NYSE: SNAP) last closed at $28.45, in a 52-week range of $7.89 to $29.08. Snap Inc. has announced the Third Quarter 2020 Financial Results. Analysts have a consensus price target of $26.87. Snap Inc. (SNAP) has reported that the Operating cash flow improved by $21 million to $(55) million in Q3 2020, compared to the prior year, and the Free Cash Flow improved by $15 million to $(70) million in Q3 2020, compared to the prior year.

    Facebook Inc. (NASDAQ: FB)

    Facebook Inc. (NASDAQ: FB) stock soar by 2.36% to $267.56. The most recent rating by MoffettNathanson, on September 29, 2020, is at a Buy. It has revealed that Facebook Inc. (FB) has started to test a Nextdoor clone, Neighborhoods, which suggests Facebook-generated Neighborhood groups local to you to join to connect with people, activities, and things being sold in the area.

    Twitter Inc. (NYSE: TWTR)

    Twitter Inc. (NYSE: TWTR) rose 1.16% after gaining more than $0.53 on Tuesday. Twitter Inc. (TWTR) has announced a few days ago that it has decided to change its Hacked Materials Policy against a controversial article that included potentially damaging allegations against U.S. presidential candidate Joe Biden.

    DouYu International Holdings Limited (DOYU)

    DouYu International Holdings Limited (DOYU) last closed at $15.18, in a 52-week range of $6.11 to $17.85. Analysts have a consensus price target of $16.28. Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has earlier started an investigation into whether the board members of DouYu International Holdings Limited (DOYU) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with HUYA Inc.

    Tencent Music Entertainment Group (NYSE: TME)

    Tencent Music Entertainment Group (NYSE: TME) stock drop by -0.99% to $14.01. The most recent rating by Needham, on September 24, 2020, is at a Buy. Tencent Music Entertainment Group (TME) has announced its partnership with World Wide Fund for Nature (WWF) and Beijing Youcishan Culture Media Co. Ltd to launch a music and art exhibition, dubbed “All Creation: Encounter with Animals”, at Beijing’s UCCA Center for Contemporary Art.

    Yandex N.V. (NASDAQ: YNDX)

    Yandex N.V. (NASDAQ: YNDX) shares headed falling, lower as much as -1.44%. The most recent rating by BofA Securities, on September 23, 2020, is at a Neutral. Yandex N.V. (YNDX) has announced that it has scheduled to share the financial results for the quarter ended September 30, 2020, on Wednesday, October 28, 2020.

    Twilio Inc. (NYSE: TWLO)

    Twilio Inc. (NYSE: TWLO) fall -6.13% after losing more than -$20.21 on Tuesday. Twilio Inc. (TWLO) has earlier revealed that it has entered into a definitive agreement to acquire Segment for approximately $3.2 billion in Twilio Class A common stock, on a fully diluted and cash-free, debt-free basis. The transaction is expected to close in the fourth quarter of 2020.

    iQIYI Inc. (NASDAQ: IQ)

    iQIYI Inc. (NASDAQ: IQ) last closed at $22.51, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.09. iQIYI Inc. (IQ) has earlier revealed that its paper on face recognition and detection technology of cartoon characters, titled Cartoon Face Recognition: A Benchmark Dataset, has been accepted by the Association for Computing Machinery (ACM)’s annual conference on multimedia.

    Zillow Group Inc. (Z)

    Zillow Group Inc. (Z) stock drop by -0.02% to $98.43 after Zillow Group has earlier announced that it is scheduled to release Third Quarter 2020 Results on Nov. 5. The most recent rating by Standpoint Research, on August 03, 2020, is at a Hold. Previously, Zillow Group Inc. (Z) revealed that it is simplifying multifamily advertising with nationwide availability of four-tiered Rent Connect marketing packages.

    NetEase Inc. (NASDAQ: NTES)

    NetEase Inc. (NASDAQ: NTES) Shares headed rising, higher as much as 1.17%. The most recent rating by Daiwa Securities, on August 14, 2020, is at a Buy. NetEase Inc. (NTES) revealed today that China’s most prestigious liquor brand, Kweichow Moutai, is now available for sale on its e-commerce platform operated by its subsidiary NetEase Yanxuan. It is marking significant progress of a strategic partnership revealed by the two companies recently.