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Tag: LOW

  • Early Morning Vibes: 4 Hot Stocks You Might Consider For Thursday

    Early Morning Vibes: 4 Hot Stocks You Might Consider For Thursday

    The American stock markets plummeted again yesterday. The S&P 500 fell 1.31% and the Nasdaq even lost 2.70% and closed at 12,997 points.  On balance, it is not too bad, because the Nasdaq is still stabilizing just above the support zone at 12,985 points. However, it is increasingly likely that this support will break. A small head & shoulder pattern appears to have formed on the graph. If the neckline / support line is broken, we get a technical price target of approximately 12,000 points. So there seems to be even more decline in the pipeline.

    Just like the past few weeks, tech was again the most bitten dog. The turmoil in the bond markets continues to affect the equity market. The fee on 10-year US Treasury notes increased 6 basis points to 1.46%. Because technology stocks are relatively expensive, they are particularly affected. A higher interest rate usually results in lower profit expectations. Individual losses rose sharply. Amazon lost more than 3%, Netflix fell by more than 5% and Baidu even saw 9.23% of stock market value evaporate. Remarkably, there was still room for speculation; GameStop was raised 5% and Uber was also up 2.67%.

    Investors were also not satisfied with the job report that pay slip processor ADP published. The figures showed that only 117,000 new jobs were created in the month of February. Analysts had anticipated an increase of 175,000 jobs. This may indicate that the recovery of the US labor market is slower than expected. On Friday, the US government will release the official figures.

    Today Top Movers

    Allied Esports Entertainment Inc. (AESE) stock soared 44.0% to $3.6 in the pre-market trading.

    Lipocine Inc. (NASDAQ: LPCN) shares are trading up 25.87% at $1.8 at the time of writing. The company will present clinical data for lead candidate TLANDO™ at the ENDO 2021 Conference.

    Super League Gaming Inc. (SLGG) grew over 26.49% at $6.59 in pre-market trading today.

    Severn Bancorp Inc. (SVBI), a savings and loan holding company, rose about 21.84% at $10.21 in pre-market trading Thursday.

    Top Upgrades & Downgrades

    Jefferies turned bullish on Cummins Inc. (CMI), upgrading the stock to “Buy” and assigning a $325.0 price target, representing a potential upside of 24.07% from Wednesday’s close. 

    SITE Centers Corp. (SITC) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $15.0, suggesting 16.32% additional upside for the stock. 

    Kite Realty Group Trust (KRG) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $22.0. They changed their rating on KRG to Overweight from Sector Weight in a recently issued research note.

    Earlier Thursday HC Wainwright & Co. reduced its rating on KemPharm Inc. (KMPH) stock to Neutral from Buy and assigned the price target to $12.0.

    Barclays analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Banco Bilbao Vizcaya Argentaria S.A. (BBVA) has been changed to Equal-Weight from Overweight. 

    Analysts at KeyBanc downgraded Retail Properties of America Inc. (RPAI)’s stock to Sector Weight from Overweight Thursday.

    Latest Insider Activity

    Palantir Technologies Inc. (PLTR) Director Moore Alexander D. announced the sale of shares taking place on Mar 01 at $24.97 for some 12,000 shares. The total came to more than $0.3 million. 

    Tesla Inc. (TSLA) SVP Powertrain and Energy Eng. Baglino Andrew D sold on Mar 01 a total of 18,726 shares at $690.11 on average. The insider’s sale generated proceeds of almost $1.04 million. 

    Lowe’s Companies Inc. (LOW) Director BATCHELDER DAVID H declared the purchase of shares taking place on Feb 26 at $159.48 for some 6,250 shares. The transaction amount was around $1.0 million. 

    Hanesbrands Inc. (HBI) Group Pres., Global Innerwear Cavaliere Joseph W bought on Mar 01 a total of 64,209 shares at $17.98 on average. The purchase cost the insider an estimated $299,367.

    Important Earnings

    Top US earnings releases scheduled for today include SmileDirectClub Inc. (NASDAQ: SDC). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.1 per share from revenues of $181.1M in the three-month period. 

    Analysts expect Opendoor Technologies Inc. (NASDAQ: OPEN) to report a net income (adjusted) of -$0.1 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $243.94M. 

    The Gap, Inc. (GPS), due to announce earnings after the market closes today, is expected to report earnings of $0.18 per share from revenues of $4.66B recently concluded three-month period.

  • The Two Best Home Improvement Stocks to Buy Now

    The Two Best Home Improvement Stocks to Buy Now

    The home improvement stocks to look forward to in 2021.

    The home improvement stocks once again must be on investor’s radar. The global pandemic has prolonged and does not seem to ease off. In the meantime, people spend most of their time at home—having much time to observe and identify the room for improvement.

    We have various companies that are working quite well in this sector and have much potential in the future. The increase spent on revamping the inside infrastructure has spiked during the COVID-19 era. This inclination in demand has played out as an upside for several companies in the home improvements space. So, there are certain key stocks to keep on your watch list. Here are the two best home improvement stocks to buy now.

    Lowe’s Companies (LOW)

    Lowe’s Companies (LOW) a US-based company that specializes in home improvement. The company is among Zacks’ top-ranked firms that are up to the standard. The three factors that could make Lowe’s a good investment option are:

    The first one is earnings growth. For any company, the earnings growth is a top indicator to judge the stock’s position and future potential. The historical EPS growth rate for Lowe’s is 17.6%, though the investors must know what’s up next. For this year, Lowe’s EPS is forecasted to have a growth rate of 52.4%, bamboozling the industry average quite extraordinarily, which is anticipated to be 14.8%.

    The second important factor is its impressive asset utilization ratio. It’s quite important and growth investors often overlook this aspect. The company has aS/TA ratio of 1.82, which means that Lowe’s earns $1.82 in sales for each dollar in assets. Whereas, the average industry rate stands at $1.67. So, Lowe’s tops the industry in this regard, as well.

    Moreover, the last important factor is the continuous revision of earnings estimates, which have been moving upwards. Zacks earnings estimate for 2021 has soared 0.1% over the first four weeks of 2021.

    Lumber Liquidators (LL)

    Lumber Liquidators (LL) is a holding company that has multi-channels with retailers in hardwood flooring, and hardwood flooring enhancements and accessories. The company has been performing well and the quarterly results have improved quite well during the pandemic.

    The company saw a rise in sales trends with sequential improvement in its Pro and Install customers. For the first half of 2020, the company saw a notable rise in demands, which continued into the next quarters. In Q3, the company reported revenues of $295.83 million, beating Zacks estimates by 3.55% and $263.96 million year-over-year. The quarterly earnings per share came in at $0.67, more than double of Zacks’ estimates of $0.30 per share. While it was a skyrocketing jump from the prior-year earnings of $0.08. At the moment, the outlook is quite positive and LL lies in the range of the buy zone.

  • Early Morning Vibes: The 4 Best Stocks To Buy Now

    Early Morning Vibes: The 4 Best Stocks To Buy Now

    Futures for major US stock indices are growing rapidly on Monday – on the first day of February, a correction is planned on the American markets after a noticeable decline on Friday, according to trading data.

    The dynamics of futures on Monday indicates that stock markets may start February with corrective gains after the major US stock indexes lost around 2% on Friday. The sell-off occurred on fears of abnormal volatility in the prices of individual stocks and some assets.

    In general, analysts expect continued growth in the stock markets on optimism with regard to the prospects for the economy.

    In this light, traders are waiting for new macro statistics. So, in the first hours of major trading on Monday, the American Institute for Supply Management (ISM) will publish the index of business activity in the US industry (ISM Manufacturing) in January. Experts believe that the figure dropped to 60% against 60.5% in December.

    In addition, investors continue to follow the corporate reporting season in the US: 111 companies from the S&P 500 will report this week. In particular, the markets are awaiting with interest the quarterly financial results of such large technology companies as Amazon and Alphabet, which will present their financial results after the closing of Tuesday trading.

    Today Top Movers

    Tuscan Holdings Corp (THCB) gained over 55.24% at $24.15 in pre-market ‎trading on Monday.‎‎

    ‎Sos Ltd (SOS) grew over 6.57% at $3.24 in pre-market trading ‎today.‎ The company recently revealed the development of cutting-edge series of security systems based on Blockchain and AI technology competing the initial phase of its Blockchain strategy.‎

    ‎Sundial Growers Inc (SNDL) stock moved up 8.53 percent to $0.88 in the pre-market ‎trading following the declaration of US$100 million registered offering.‎

    ‎Adamas Pharma (ADMS) is up more than 24.37% at $7.35 in pre-market ‎hours ‎Monday ‎February 01, 2021.‎‎

    Top Upgrades & Downgrades

    JP Morgan turned bullish on Anterix Inc. (ATEX), upgrading the stock to “Neutral” and assigning a $40.0 price target, representing potential upside of 10.23% from Friday’s close.

    PagSeguro Digital Ltd. (PAGS) 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 $61.0, suggesting 24.62% additional upside for the stock.

    Nikola Corporation (NKLA) received an upgrade from analysts at Wedbush, who also set their one-year price target on the stock to $25.0. They changed their rating on NKLA to Neutral from Underperform in a recently issued research note.

    Earlier Monday KeyBanc reduced its rating on Lowe’s Companies Inc. (LOW) stock to Sector Weight from Overweight.

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Heartland Express Inc. (HTLD) has been changed to Sector Weight from Overweight.

    Analysts at KeyBanc downgraded Bed Bath & Beyond Inc. (BBBY)’s stock to Underweight from Sector Weight Monday.

    Latest Insider Activity

    AMC Entertainment Holdings Inc. (AMC) Director Silver Lake Group, L.L.C. announced the sale of shares taking place on Jan 27 at $16.05 for some 33,317,145 shares. The total came to more than $534.75 million.

    Gran Tierra Energy Inc. (GTE) 10% Owner GMT CAPITAL CORP sold on Jan 28 a total of 58,808,029 shares at $0.63 on average. The insider’s sale generated proceeds of almost $1.18 million. 

    FuelCell Energy Inc. (FCEL) CEO Few Jason declared the purchase of shares taking place on Jan 25 at $17.99 for some 11,000 shares. The transaction amount was around $0.2 million. 

    Intel Corporation (INTC) Chief Financial Officer Davis George S bought on Jan 26 a total 76,823 shares at $55.34 on average. The purchase cost the insider an estimated $503,317.

    Important Earnings

    Top US earnings releases scheduled for today include Otis Worldwide Corporation (NYSE: OTIS). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.59 per share from revenues of $3.36B in the three-month period. 

    Analysts expect ON Semiconductor Corporation (NASDAQ: ON) to report a net income (adjusted) of $0.28 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $1.36B. 

    NXP Semiconductors N.V. (NXPI), due to announce earnings after the market closes today, is expected to report earnings of $2.1 per share from revenues of $2.46B recently concluded three-month period.