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Tag: PAYS

  • Early Morning Vibes: 4 Solid Stocks for Wednesday Trading Session

    Early Morning Vibes: 4 Solid Stocks for Wednesday Trading Session

    Good Morning

    On December 22, the American stock indexes finished trading in different directions. The S&P 500 dropped by 0.21% to 3687 points, the Dow Jones fell at a rate of 0.67%, while the NASDAQ climbed at 0.51%. Consumer confidence was significantly worse than expected. The tech sector became the leader of growth with a result of 0.86%; Apple shares acted as the engine, rising in price by 2.85%. The communications sector was one of the outsiders, losing 0.99%.
     

    Corporate Highlights

    Peloton Interactive (PTON: + 11.7%) buys exercise equipment manufacturer Precor for $ 420 million to increase production capacity.
     

    Revenue and EPS CarMax (KMX: -8.1%) were better than expected, but profit margins fell, and demand weakened at the end of the quarter due to COVID-19.

    Sports goods retailer Sportsman’s Warehouse Holdings (SPWH: + 39.6%) will be acquired by the Great American Outdoors Group.
     

    Today, world stock exchanges are showing mostly positive dynamics. The focus of attention is the unexpected statement by Donald Trump about his intention to change the parameters of the economic aid package, for which Congressmen voted yesterday. The current president believes that the one-time payment to the population should be increased from $ 600 per person to $ 2,000. Joseph Biden also noted that it is necessary to expand stimulus measures. Additional cash payments to the population should be included in the next package of assistance to the economy. Most likely, Trump will still sign the bill in the coming days.
     

    New strains of coronavirus continue to cause concern for investors, although virology experts believe that the vaccines available today are effective against the mutated COVID-19. Representatives of AstraZeneca and BioNTech agree.

    Nevertheless, full-fledged research has not yet been carried out. There is no complete confidence in this issue. In general, the news background is close to neutral, but the publication of the macrostatistics block may shift the balance in one direction or another.
     

    Economic Highlights
     

    Today there are weekly data on the number of initial applications for unemployment benefits. The indicator is expected to remain at the level of the previous week – 885

    thousand. If the actual value turns out to be above 893 thousand, it will become the highest since August. The labor market situation remains challenging. More than 5.5 million Americans are currently receiving unemployment benefits.

    Also, the indicator of the expenses of individuals for November will be published. Against the backdrop of new quarantine restrictions, consumption is expected to decrease.
     

    By 0.2% compared to October levels, which will be the first negative value since April. A month earlier, expenses increased by 0.5%.

    Today Top Movers‎

    ‎‎‎Hexo Corp (HEXO)‎‎ share price gaining 300.00% at $4.08 in early morning trading session today following its declaration of lapse of base shelf prospectus.‎‎ ‎

    ‎‎‎Ocugen, Inc (OCGN)‎‎ increasing 83.81% at $1.48 during premarket trading on Wednesday after the company and Bharat Biotech declared the signing of binding letter of intent (LOI) to co-develop Bharat Biotech’s COVID-19 vaccine candidate, COVAXIN, for the United States market.‎‎ ‎

    ‎‎‎Jaguar Health Inc (JAGX)‎‎ is up 52.85% at $0.61 in today’s premarket trading session after declaring the voting results of Jaguar’s December 9, 2020 in the Special Meeting of Stockholders.‎‎ ‎

    ‎‎‎Onconova Therapeutics Inc (ONTX)‎‎ share price changing with the gain of 38.76% at $0.59 in premarket trading on Wednesday after announcing FDA Permission for study to proceed under its investigational new drug application for Multi-kinase CDK4/6 Inhibitor ON 123300.

    Top Upgrades & Downgrades


    Truist Securities turned bullish on Pioneer Natural Resources Company (PXD), upgrading the stock to “Buy” and assigning a $135.0 price target.
     

    Rent-A-Center Inc. (RCII) has won the favor of Loop Capital’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $50.
     

    Illumina Inc. (ILMN) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $415.0. They changed their rating on ILMN to Overweight from Neutral in a recently issued research note.
     

    Earlier Wednesday BMO Capital reduced its rating on Fubotv Inc (NYSE: FUBO) stock to Market Perform from Outperform and assigned the price target to $50.
     

    Canaccord Genuity analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Paysign Inc (NASDAQ: PAYS) has been changed to Hold from Buy and the new price target is set at $5.
     

    Analysts at BMO Capital downgraded IAC/Interactivecorp (NASDAQ: IAC)’s stock to Market Perform from Outperform on Wednesday.

    Latest Insider Activity


    FireEye Inc. (FEYE) EVP and General Counsel King Alexa announced the sale of shares taking place on Dec 21 at $20.03 for some 56,532 shares. The total came to more than $1.13 million.
     

    Apartment Investment and Management Company (AIV) Director STEIN MICHAEL A sold on Dec 21 a total 0 shares at $4.70 on average. The insider’s sale generated proceeds of almost $0.22 million.
     

    GameStop Corp. (GME) 10% Owner Cohen Ryan declared the purchase of shares taking place on Dec 18 at $15.97 for some 756,089 shares. The transaction amount was around $12.08 million.
     

    Upstart Holdings Inc. (UPST) 10% Owner Loeb Daniel S bought on Dec 18 a total 13,381,222 shares at $20.00 on average. The purchase cost the insider an estimated $24.0 million.

    Earnings To Watch


    Top US earnings releases scheduled for today include Paychex Inc. (NASDAQ:PAYX). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.66 per share from revenues of $954M in the three-month period.
     

    Analysts expect Bridgeline Digital Inc. (NASDAQ:BLIN) to report a net income (adjusted) of $0.03 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $2.64M.

  • Here’s Top 10 Specialty Business Services Industry Stocks

    Here’s Top 10 Specialty Business Services Industry Stocks

    The business services industry includes a wide range of services. The companies which come in the specialty services industry provide services to the commercial or business market, including information distribution, warehousing, accounting, printing, graphic design, and various other services. The business sector is continuously changing as new technologies are evolving.

    Companies always faced market pressure to gain and maintain competitiveness. The best way to gain and maintain a competitive edge is to provide the best services and meet the needs of customers.  Great leaders are always looking forward, looking to see how markets, technology, and consumer behavior will shift over time.

    Here’s a list of the top 10 companies in the specialty services industry:

    Eastman Kodak Company (NYSE: KODK)

    Eastman Kodak Company (NYSE: KODK) shares were trading up 36.60% at $8.51 at the time of writing on Wednesday. Eastman Kodak Company (NYSE: KODK) share price went from a low point around $1.50 to briefly over $60.00 in the past 52 weeks, though shares have since pulled back to $8.51. KODK market cap has remained high, hitting $595.27M at the time of writing, giving it a price-to-sales ratio of more than 0. Kodak has cleared itself of wrongdoing in the CEO stock options scandal. The investigation revealed that while internal procedures should be updated, there was nothing wrong with Kodak issuing its CEO and other options for millions of shares the day before it announced the loan.

    Global Payments Inc. (NYSE: GPN)

    Global Payments Inc. (GPN) last closed at $175.79, in a 52-week range of $105.54 to $209.62. Analysts have a consensus price target of $207.77. It has traded up 66.56% from its 52-weeks low and traded down -16.14% from its 52-weeks high. Global Payments Inc. (GPN) has earlier participated in J at the J.P. Morgan U.S. All-Stars Conference on Tuesday, September 15, 2020. This company’s market capitalization is $53.21 billion.

    R. Donnelley & Sons Company (NYSE: RRD)

    R. Donnelley & Sons Company (NYSE: RRD) stock soar by 0.73% to $1.38. The most recent rating by Buckingham Research, on September 04, 2018, is at a Buy. R. Donnelley & Sons Company (RRD) disclosed that it has entered into an agreement to sell its DLS Worldwide Logistics business to TFI International for $225 million in cash. R. Donnelley & Sons Company market capitalization has remained high, hitting $97.69 million.

    PAE Incorporated (NASDAQ: PAE)

    PAE Incorporated (NASDAQ: PAE) Shares headed falling, lower as much as -0.30%. The most recent rating by Raymond James, on June 16, 2020, is at an Outperform. PAE Incorporated (PAE) is scheduled to participate Morgan Stanley Virtual 8th Annual Laguna Conference on September 17, 2020. This company has a total market capitalization of $894.28 million.

    Copart Inc. (NASDAQ: CPRT)

    Copart Inc. (NASDAQ: CPRT) Shares headed rising, higher as much as 0.16%. The most recent rating by Northcoast, on August 19, 2020, is at a Neutral. Copart Inc. (CPRT) share price went from a low point around $55.69 to briefly over $110.00 in the past 52 weeks, though shares have since pulled back to $105.25. Copart Inc.’s market cap has remained high, hitting $24.70 billion at the time of writing.

    IAA Inc. (NYSE: IAA)

    IAA Inc. (NYSE: IAA) rose 0.77% after gaining more than $0.4 on Wednesday. In the past 52-weeks of trading, IAA Inc. (IAA) this company stock fluctuated between the low range of $21.79 and a high range of $54.29. It has moved up 139.79% from its 52-weeks low and moved down -3.76% from its 52-weeks high. If we look at its liquidity, it has a current ratio of 2.30. IAA Inc. market capitalization has remained high, hitting $165.30 million at the time of writing.

    Team Inc. (NYSE: TISI)

    Team Inc. (NYSE: TISI) last closed at $6.31, in a 52-week range of $3.75 to $19.00. Analysts have a consensus price target of $9.75. Team Inc. (TISI) has moved up 68.27% from its 52-weeks low and moved down -66.79% from its 52-weeks high. If we look at its liquidity, it has a current ratio of 2.10. Team Inc. market capitalization has remained high, hitting $195.86 million at the time of writing.

    PaySign Inc. (NASDAQ: PAYS)

    PaySign Inc. (NASDAQ: PAYS) stock soar by 4.39% to $5.95. The most recent rating by Ladenburg Thalmann, on August 17, 2020, is at a Neutral. PaySign Inc. (PAYS) share price went from a low point around $3.63 to briefly over $12.44  in the past 52 weeks, though shares have since pulled back to $5.95. PaySign Inc.’s market cap has remained high, hitting $299.70 Million at the time of writing.

    BrightView Holdings Inc. (NYSE: BV)

    BrightView Holdings Inc. (NYSE: BV) rose 0.17% after gaining more than $0.02 on Wednesday. BrightView Holdings Inc. (BV) stock fluctuated between the low range of $6.85 and a high range of $19.67. It has moved up 77.23% from its 52-weeks low and moved down -38.28% from its 52-weeks high. If we look at its liquidity, it has a current ratio of 1.40. BrightView Holdings Inc.’s market capitalization has remained high, hitting $1.29 Billion at the time of writing.

    Cintas Corporation (NASDAQ: CTAS)

    Cintas Corporation (NASDAQ: CTAS) last closed at $326.21, in a 52-week range of $154.33 to $344.97. It has moved up 111.37% from its 52-weeks low and moved down -5.44% from its 52-weeks high. If we look at its liquidity, it has a current ratio of 2.60. Cintas Corporation’s market capitalization has remained high, hitting $33.40 Billion at the time of writing. Analysts have a consensus price target of $306.00. Cintas Corporation (CTAS)