STOCKS TELEGRAPH

Tag: NASDAQ: LONE

  • 3 Stocks Braving Market Selloff after Trump Tests Positive for COVID-19

    3 Stocks Braving Market Selloff after Trump Tests Positive for COVID-19

    Equity markets have fallen sharply today all over the world. In the U.S, key indices are all in the red pointing to a potentially weak close to the week. In pre-market trading, the NASDAQ is down by 2%, the S&P 500 by 1.55%, and the Dow Jones by 1.46%.

    This follows news that the U.S president had tested positive for COVID-19. The president announced via twitter that together with his wife, they had tested positive for the virus and that they had started quarantine. This has thrown the markets into a spin as it indicates just how serious and unrelenting the virus is. It is also noteworthy that the number of infections continues to rise globally, and some countries have returned to strict lockdown measures shortly after easing them up.

    The number of deaths continues to rise too and recently crossed the one million mark. This points to a prolonged period of a disrupted global economy that could remain unstable until a vaccine is found. The worst part is that the news of the president contracting the virus has come just weeks to an election after a highly emotive campaign. However, even as overall market momentum points to weakness, there are stocks that are braving the selloff and doing quite well. Some of the pre-market gainers that could outperform the market today are as below:

    Nano-X Imaging Ltd [NASDAQ: NNOX]

    Nano-X Imaging Ltd is quite strong pre-market and is up by over 25%. This follows news that the company would do a live demonstration of its new imaging system at the RSNA 2020, between November 29th and December 5th. The company’s demonstration will incorporate a tech section for the company’s first commercial digital X-Ray that would be followed by a demonstration of the system handling both 2D and 3D procedures. The CEO said that they were excited about the demonstration as it exposed the growing depth of the company’s technology.

    Xtant Medical Holdings [NYSE: XTNT]

    Xtant Medical Holdings Inc is another top performer this morning and is up by over 100% in performer this morning.  This follows the company’s announcement that it had completed its debt restructuring process. The company stated that the goal of the restructuring is to cut down on total debt and help the company access the capital markets for future growth.

    Lonestar Resources U.S Inc [NASDAQ: LONE]

    Lonestar Resources U.S Inc is another top gainer today and is up by over 100%. This comes despite a downgrade of the company by Moody’s to D-PD after it filed for bankruptcy.

  • Stocks to Watch as Equities start September on a High

    Stocks to Watch as Equities start September on a High

    The equity markets are up this morning driven by the increased optimism that the worst of the COVID-19 pandemic is over. Even before a vaccine is found, the numbers are pointing to a slowdown in new virus cases. This means that if a vaccine is found any time soon, the markets could return to pre-pandemic levels when the economy was strengthening and unemployment numbers were getting lower.

    Economic numbers are also pointing to a potential post-COVID-19 recovery. One of the key metrics that is pointing to a potential recovery is consumer data.

    Despite the hard economic times, consumer data is pointing towards resilience. As has been the case over the past few months, big tech stocks continue to lead the way in gains. With their market dominance and strong growth during the lockdowns, investors expect that in a post-pandemic economy, these stocks stand to lead the way in growth.

    Companies that have shown to be adaptable to the new normal are also gaining exponentially. One such stock is Zoom. The stock has grown its clientele during the pandemic and is on a similar growth trajectory as the likes of Tesla and Apple.

    The momentum that these stocks have created is being felt across the markets. This morning, some of the biggest performers ahead of markets opening are:

    Shilow Industries Inc [NASDAQ: SHLO]

    Shilow Industries Inc is a top performer this morning and is up by 19%. While there is no news around the stock, its price action shows that it is still looking for direction after the August 30th announcement that it had entered into a stock and asset purchase agreement with Grouper Holdings LLC.

    Under the deal, Grouper will buy all of the company’s assets for $218 million in cash, in a deal that will be subject to working capital adjustments. To ensure the deal works, Shillow filed for voluntary Chapter 11 bankruptcy that will see it get reorganized under the U.S bankruptcy code.

    Lonestar Resources Ltd [NASDAQ: LONE]

    Lonestar Resources is another top performer this morning and is up by over 70%. This is largely a price action driven move. As long as the markets open positive and maintain that momentum in the day, this stock could see its value keep growing all through the day.

    China HGS Real Estate [NASDAQ: HGHS]

    China HGS Real Estate is another top performer this afternoon and is up by over 100%. This is on the basis of the company’s announcement that it will start trading on the NASDAQ on a split-adjusted basis today.