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  • The Three Cheap Stocks to Keep in your Investment List

    The Three Cheap Stocks to Keep in your Investment List

    The global pandemic has affected many high price stocks and with much uncertainty, we have certain cheap stocks to watch for.

    Last year has been total devastation and things have turned upside down for most of the companies in the stock market. We have seen many companies whose dynamics have changed during the last years’ time. For instance, companies which totally relied upon retail store have understood the significance of online stores and are moving to e-market—now.

    In the meantime, the investor’s behavior changed due to rising uncertainty and for risk-averse investors, the cheap stocks with high potential are the best investment options. Let’s see the three cheap stocks for investment.

    Zomedica (ZOM)

    Zomedica (ZOM) is one of the most promising cheap stocks in the market. Zomedica is a development stage veterinary diagnostic and pharmaceutical company for dogs and cats. The company is well-positioned and has improved its performance during 2020 following a rise in pets’ products.

    Recently, Zomedica recorded the first veterinarian sale of TRUFORMA® and officially entered commercialization. This will help the company grow its sales and give a competitive edge in the market. It’s a long-term success story for the company and investors would be quite proud of it.

    Zomedica (ZOM) is trading on a lower side, which could be a perfect buy for investors. The future outlook seems solid. So, ZOM wouldn’t be a bad investment at all.

    Navient (NAVI)

    Navient (NAVI) provides loans to students. The company menacing time in 2020 as the borrowers disappear in quarantine. Reporting one of its worst ever, Navient saw 28.5% of its federal loan borrowers and 14.7% of its private loan borrowers hiding themselves during Q2. However, things improved with the following figures dropping to 13.8% and 3.9% on federal and private loans, respectively.

    Navient stock is trading around its new 52-week high price of $14 as the bullish sentiment continues to increase. The rising bulls are largely pushed by the anticipation of increasing recovery of the finance sector. Moreover, the company expects to see higher charge-offs during the year, jumping from 0.88% in 2020 to 3% in 2021. Overall, Navient is quite optimistic about its fortune this year, which will bring improvements in lending.

    Glu Mobile (GLUU)

    Glu Mobile (GLUU) has been performing radiantly, recently. The company was mostly driven by the announcement of EA following the all-cash buyout deal with Glu at an implied enterprise value of $2.1 billion.EA has high expectations from Glu’s rising sales and positive operating profits right away. The acquisition is expected to close in Q2 2021, based on the shareholder’s consent.

    In the fourth quarter, the company reported impressive outcomes with revenue jumping up to 25% year over year to $141.4 million. The GAAP net income rose to a record $23.9 million quarterly. While the free cash flow was also great with 46.2 million by the end of the quarter and $69.0 million by the year-end, up 132%. The prospects are strong for Glu Mobile (GLUU) as the acquisition is forthcoming.

  • Early Morning Vibes: Watch These 4 Stocks Today

    During the session on January 22, American stock indexes finished mostly in the red zone. The S&P 500 index dropped 0.30% to 3841 points, the Dow Jones lost 0.57%, and only the NASDAQ was able to add a symbolic 0.09%. The news background remained calm. A slight correction was caused by the fixation of positions after the rally. The real estate sector outperformed the market, climbing 0.3% on the back of an unexpected rise in secondary home sales. In general, macro statistics pleasantly surprised investors: business activity increased significantly in January.

    Company news

    Intel (INTC: -9.3%) posted good quarterly results, but investors were disappointed with forecasts of insufficient pace of outsourcing of part of the production of microchips.

    IBM (IBM: -9.9%) quarterly revenue fell short of consensus expectations.

    Medical device maker Intuitive Surgical (ISRG: -6.8%) notes the continued negative impact of COVID-19 on surgical system sales, so it is holding back from forecasts for the current year for now.

    Today, world stock exchanges are showing mostly positive dynamics. The focus is on negotiations between Democrats and Republicans over a $ 1.9 trillion economic aid package. The last meeting of legislators took place on Sunday, which indicates the desire to make a decision as quickly as possible. The Biden administration is pushing Congress hard as speeding up the vaccination process is heavily dependent on additional funding. Almost all congressmen agree with this, but on many other points of the plan, the contradictions are growing. Investors have already come to a consensus that in the final version the volume of the next anti-crisis package will be significantly less than the declared $ 1.9 trillion. Optimism at the moment is due to the fact

    The season of corporate reporting has a decisive influence on the dynamics of the market. Microsoft, AMD, Apple, Facebook, and several other major corporations will report quarterly results this week.

    Asian stock markets closed in the green. Japan’s Nikkei added 0.67%, Hong Kong’s Hang Seng rose 2.41% and China’s CSI300 climbed 1.01%. The European EuroStoxx 50 is trading near zero.

    The appetite for risk increases. The 10-year Treasury rate is reduced to 1.08%. Brent crude futures are rising to $ 55.75. Gold is consolidating around $ 1,855.

    The Freedom Finance Sentiment Index climbed to 65 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are slowly diminishing thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is showing an upward bias in the medium term. The trading session on January 22 did not change the picture. The relative strength of buyers prevails, but the upper border of the equidistant channel at 3860 points is a serious resistance. In this regard, short-term consolidation is quite possible.

    Today Top Movers

    ‎BlackBerry Ltd (BB) stock ascended 28.21% at $18 in the pre-‎market trading today.‎‎

    ‎Castor Maritime Inc (CTRM) stock moved up 2.47 percent to $0.41 in the pre-market ‎trading following the declaration of $15.3 million debt financing.

    ‎Palantir Technologies Inc (PLTR) is up more than 6.26% at $34.62 in pre-market ‎hours ‎Monday, ‎January 25, 2021, after the firm declared that Lauren Friedman Stat has been appointed to Palantir’s Board of Directors and Audit Committee of the Board.

    ‎Vyne Therapeutics Inc (VYNE) grew over 60.11% at $3.01 in pre-market ‎trading ‎today.‎‎ The company revealed the execution of a contract with a major PBM for its novel AMZEEQ® (minocycline) topical foam, 4%, and ZILXI® (minocycline) topical foam, 1.5%.

    Top Upgrades & Downgrades

    RBC Capital turned bullish on American Eagle Outfitters Inc. (AEO), upgrading the stock to “Outperform” and assigning a $30.0 price target, representing a potential upside of 23.56% from Friday’s close.

    Atlantic Capital Bancshares Inc. (ACBI) has won the favor of Raymond James’s equity research team. The firm upgraded the shares from Market Perform to Outperform.

    Medifast Inc. (MED) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $265.0. They changed their rating on MED to Buy from Hold in a recently issued research note.

    Earlier Monday Goldman Sachs reduced its rating on IMAX Corporation (IMAX) stock to Neutral from Buy and assigned the price target to $17.9.

    Truist Securities analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Magnite Inc. (MGNI) has been changed to Hold from Buy and the new price target is set at $37.

    Analysts at Goldman Sachs downgraded Glu Mobile Inc. (GLUU)’s stock to Neutral from Buy Monday.

    Latest Insider Activity

    3D Systems Corporation (DDD) EVP, Chief Legal Officer & Sec Johnson Andrew Martin announced the sale of shares taking place on Jan 22 at $30.10 for some 4,000 shares. The total came to more than $0.12 million.

    Kopin Corporation (KOPN) Chief Financial Officer SNEIDER RICHARD sold on Jan 22 a total of 364,006 shares at $4.00 on average. The insider’s sale generated proceeds of almost $0.18 million.

    ServiceSource International Inc. (SREV) 10% Owner Edenbrook Capital, LLC declared the purchase of shares taking place on Jan 21 at $1.50 for some 78,880 shares. The transaction amount was around $0.12 million.

    Owens & Minor Inc. (OMI) Director Henkel Robert J bought on Jan 15 a total 21,000 shares at $27.11 on average. The purchase cost the insider an estimated $27,110.

    Important Earnings

    Top US earnings releases scheduled for today include Steel Dynamics Inc. (NASDAQ: STLD). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.83 per share from revenues of $2.53B in the three-month period.

    Analysts expect AGNC Investment Corp. (NASDAQ: AGNC) to report a net income (adjusted) of $0.65 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $362.11M.

    Xilinx Inc. (XLNX), due to announce earnings after the market closes today, is expected to report earnings of $0.68 per share from revenues of $775.66M recently concluded three-month period.

  • A Brief Insight Into Glu Mobile Before Q3 Results This Week

    Glu Mobile Inc. (NASDAQ:GLUU) intends to release its quarterly results this week. GluU shares are currently trading 30 percent below 52-week highs, and perhaps the most profitable period to enter is the time ahead of the release.

    Glu Mobile owns many brands of popular mobile games and applications’ and is one of the winners of the rising demand for mobile gaming. The gaming industry is booming, and the stay at home measure forced by the COVID-19 pandemic has contributed to an even higher demand for mobile entertainment. Research by Global Data predicts that annual sales will hit $300 billion in the global gaming industry in 2025, up from $131 billion in 2018.

    Apps around the Covet Fashion, Design Home, TAP Sports Baseball and Kim Kardashian: Hollywood are among the most well-known and long-term ventures of the company. It was these applications which helped Glu Mobile downloads rise to $182 million by 79% in the second quarter. In March this year, the company added another game- Disney Sorcerer’s Arena, which also became popular but it is earlier to say anything about whether that brand will become a long-term game.

    Glu Mobile is significantly diversifying its activities and recently launched an online store in support of its Design Home placement application. Users can now purchase objects and furniture used in the game. A significant driver of growth may be the opportunity to incorporate e-commerce into its games. The Covet Fashion app and several other innovations in the business have the ability to integrate with e-commerce.

    Glu Mobile ended the June quarter with around $283 million in cash with zero debt.  According to the company’s own estimates, the amount of downloads of Glu Mobile applications will rise by 10 percent in the third quarter, which is a major slowdown from the second quarter pace. This opens up great opportunities for acquisitions and portfolio expansion. However, the company plans to increase app downloads to 28% by the end of the year.