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

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

    US stock exchanges fell on Monday in line with the overall decline in risk sentiment in global markets, according to trading data.

    The Dow Jones Industrial Average (DJIA) fell by 0.33% to 31391.89 points, the NASDAQ high-tech index – by 0.86% to 13756.78 points, the broad market S&P 500 index – by 0.47%, up to 3887.8 points.

    Monday traders are risk averse. Their attention turned to the possible consequences of the economic recovery after the pandemic. In particular, investors are concerned that the US $1.9 trillion stimulus package will lead to increased economic activity and a surge in inflation, which in turn could prompt the Fed to tighten monetary policy.

    At preliminary trades, the pressure on the share price was also exerted by the growth of the yield on US government bonds to the maximum since February last year, which contributed to the strengthening of the dollar. However, the yield on government bonds has already moved to a correctional decline. The dollar is also slightly declining.

    Meanwhile, the shares of the American concern Boeing are losing 1.8% after the company recommended to suspend flights of 777 liners with a Pratt & Whitney PW4000-112 engine amid an emergency with an engine in Colorado.

    Today Top Movers‎

    ReTo Eco-Solutions Inc. (NASDAQ: RETO) shares are trading up 36.75% at $3.2 at the time of writing.

    Vascular Biogenics Ltd (VBLT) jumper over 58.30% at $3.53 in pre-market trading today after declaring results of the independent Data Safety Monitoring Committee pre-planned review of the ongoing OVAL Phase 3 registration enabling study of VB-111 in recurrent ovarian cancer. ‎

    TFF Pharmaceuticals Inc. (TFFP) stock soared 10.2% to $17.5 in the pre-market ‎trading.

    Celsion Corporation (CLSN), a biotechnology company, dropped about -22.42% at $2.18 in pre-market trading Tuesday after receiving FDA fast track designation for GEN-1 in Advanced Ovarian Cancer.‎ ‎

    Top Upgrades & Downgrades

    KeyBanc turned bullish on iQIYI Inc. (IQ), upgrading the stock to “Overweight” and assigning a $30.0 price target, representing a potential upside of 25.63% from Monday’s close. 

    TimkenSteel Corporation (TMST) 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 $10.0, suggesting 58.98% additional upside for the stock. 

    Vertex Pharmaceuticals Incorporated (VRTX) received an upgrade from analysts at Baird, who also set their one-year price target on the stock to $252. They changed their rating on VRTX to Outperform from Neutral in a recently issued research note.

    Earlier Tuesday Jefferies reduced its rating on GasLog Ltd. (GLOG) stock to Hold from Buy and assigned the price target to $5.8. 

    Evercore ISI analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Principal Financial Group Inc. (PFG) has been changed to In Line from Outperform and the new price target is set at $63. 

    Analysts at Societe Generale downgraded DISH Network Corporation (DISH)’s stock to Sell from Hold Tuesday.

    Latest Insider Activity

    Pinterest Inc. (PINS) Director Levine Jeremy S. announced the sale of shares taking place on Feb 19 at $86.47 for some 150,000 shares. The total came to more than $12.97 million. 

    Coeur Mining Inc. (CDE) SVP, Exploration Rasmussen Hans John sold on Feb 22 a total 309,185 shares at $8.91 on average. The insider’s sale generated proceeds of almost $32967. 

    SLM Corporation (SLM) Director Franke Mary Carter Warren declared the purchase of shares taking place on Feb 17 at $15.03 for some 7,000 shares. The transaction amount was around $0.11 million. 

    Corvus Pharmaceuticals Inc. (CRVS) President and CEO MILLER RICHARD A MD bought on Feb 17 a total 1,278,515 shares at $3.50 on average. The purchase cost the insider an estimated $350,000.

    Important Earnings

    Top US earnings releases scheduled for today include Macy’s Inc. (NYSE: M). It will announce its Jan 2021 financial results. The company is expected to report earnings of $0.12 per share from revenues of $6.5B in the three-month period. 

    Analysts expect Square, Inc. (SQ) to report a net income (adjusted) of $0.24 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.09B. 

    B2Gold Corp. (BTG), due to announce earnings after the market closes today, is expected to report earnings of $0.01 per share from revenues of $207.75M recently concluded three-month period.

  • Early Morning Vibes: Top 4 Stocks Trending on Wednesday

    On December 29, the American stock indices closed in the red. The S&P 500 at the beginning of the session renewed its all-time high, but by its close it dropped 0.22% to 3727 points, the Dow Jones also lost 0.22%, the NASDAQ fell 0.38%. The news background remained calm, but investors preferred to fix some of their positions. The healthcare sector took the lead in growth with a result of + 0.44%, while the real estate sector corrected by 0.71%.

    Company news

    Fulgent Genetics (FLGT: + 8.7%) will provide COVID-19 diagnostic tests to New York City students and educational workers.

    Activist investor Third Point sent a letter to Intel management (INTC: + 4.9%) urging them to consider changes to the company’s strategy.

    Arcturus Therapeutics (ARCT: -54.2%) has published the results of the first phase of clinical trials of a COVID-19 vaccine, which turned out to be weak.

    Today, world stock exchanges are showing mostly positive dynamics. Investors are focusing on the prospects for increasing the volume of direct payments to Americans. Senate Majority Leader Mitch McConnell has blocked an attempt to vote on raising the benefit from $ 600 to $ 2,000, so the timing of the discussion remains uncertain. A number of Republicans do not support the president’s initiative to increase the lump sum, pointing to the problem of the budget deficit and high public debt, which hinders the increase in government spending. In the meantime, Americans will start receiving checks for $ 600 today as part of the previously approved economic stimulus program.
     

    On the front of the fight against COVID-19 in the United States, there is no significant positive so far. Colorado has recorded the first patient with a British modification of the coronavirus. The increase in incidence has slowed slightly, but a new outbreak is forecast after the holidays. The number of hospitalized in the United States already exceeds 124 thousand, and the trend remains negative. The vaccination campaign is very slow: so far only 2.13 million have been vaccinated. As Joseph Biden noted, if the process is not accelerated, it may take years, not months, to complete vaccination. This is a significant risk for stocks, but for now investors tend to believe that the acquisition of mass immunity can be accelerated.

    Today Top Movers

    AstraZeneca PLC ADR (AZN), a Drug Manufacturers company, soared about 2.38% ‎at $51.09 in pre-market trading today following its Covid-19 vaccine approval in the U.K.

    Guardion Health Sciences Inc (GHSI) share price jumped 7.029% to $0.41 during early morning ‎trading session on Wednesday following the declaration of appointment of Bret Scholtes, as its President and Chief Executive Officer.

    NXT-ID Inc (NXTD) stock ascended 9.16% at $1.43 in the pre-‎market trading today. 

    American Battery Metals Corp USD (ABML) gained over 1.43% at $1.42 in pre-market ‎trading on Wednesday.‎

    Top Upgrades & Downgrades

    AlphaValue turned bullish on AstraZeneca PLC ADR (AZN)‎, upgrading the ‎stock to “Add”.

    ‎Baird turned bullish on Caterpillar Inc. (NYSE: CAT), reiterating the stock at ‎‎“Outperform” but lifting the target from $206 to $220, representing potential ‎upside of 24.54% from Tuesday’s close.

    Daiwa turned bullish on Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX)‎ , initiating the stock at ‎‎“Outperform” and assigning the target to $250, representing potential upside ‎of 7.07% from Tuesday’s close.

    Latest Insider Activity

    Lemonade Inc. (LMND) Chief Insurance Officer Peters John Sheldon announced the sale of shares taking place on Dec 28 at $118.49 for some 5,000 shares. The total came to more than $0.59 million.

    Pinterest Inc. (PINS) Chairman, President, CEO, Co-F Silbermann Benjamin sold on Dec 24 a total 105,000 shares at $71.55 on average. The insider’s sale generated proceeds of almost $7.51 million.

    Cellectar Biosciences Inc. (CLRB) Chief Business Officer Longcor Jarrod declared the purchase of shares taking place on Dec 28 at $1.35 for some 29,630 shares. The transaction amount was around $40001.

    TRACON Pharmaceuticals Inc. (TCON) 10% Owner Opaleye Management Inc. bought on Dec 22 a total 2,293,371 shares at $8.06 on average. The purchase cost the insider an estimated $4.0 million.

  • High Potential Stocks amidst Mixed Market Sentiment

    High Potential Stocks amidst Mixed Market Sentiment

    It’s a mixed day in the .U.S markets in early morning trading. The NASDAQ is up but the Dow and the S&P 500 are all in the red. This comes following a mix of good and bad news.

    The good news influencing the market today is data showing that jobless claims have dropped below 800k. The U.S Department of Labor data on unemployment insurance claims shows that initial jobless claims for the week that ended on October 24th  stood at 774k, slightly lower than the 787k that was reported a week earlier.

    On top of that, continuing jobless claims for the week that ended on October 17th stood at 7.775 million, compared to a week earlier when those numbers stood at 8.373 million. The latest data marks the 9th week in a row that jobless claims have held below 1 million. For the markets, this is a positive sign that the economy is resilient despite the pandemic and uncertainty of when a stimulus package will be passed.

    \The bad news is that cases of the pandemic continue to rise not just in the U.S but globally. Several countries have gone back to the strict lockdowns that had been put in place when the pandemic started. This has put a dent to hopes of a speedy economic recovery until a definitive vaccine is found.

    According to the Chief Economist for JLL, the rapid increase in cases means that there is a high probability of the government locking down a large part of the economy again. Even in this mixed environment, there are stocks that are set to start the day on a high note. Some of them are as below:

    Pinterest Inc [NYSE: PINS]

    Pinterest is in the green pre-market and is up by over 30%. This comes after the company released strong Q3 results. The company reported that in Q3, revenues rose by 58% to hit $443 million. The company also reported global monthly users rose by 37% to a high of 442 million. These results are likely to see the stock keep gaining through the day.

    Inphi Corporation [NASDAQ: IPHI]

    Inphi Corporation is up by over 20% in pre-market trading. This follows news that Marvell was buying the company in a $10 billion deal that would strengthen Marvel’s data center and 5G business.  News of this deal could see the company keep gaining all through the day, and outperform the market.

    IT Tech Packaging Inc [NYSE: ITP]

    IT Tech Packaging Inc is up by over 30% pre-market. This upside push comes two days after the company announced that it was carrying out a detailed emergency response drill in Hebei Baoding Dongfang for radiation accidents. The goal of the drill is to help the company employees practice how to respond in emergency cases.