STOCKS TELEGRAPH

Tag: SBRA

  • Early Morning Vibes: Watch These 4 Stocks Today

    The US stock indexes were traded in small ranges on January 12. The S&P 500 has risen symbolically by 0.04% to 3801 points, with the Dow Jones and the NASDAQ contributing 0.19% and 0.28%, respectively. New drivers have been absent. The Russel 2000 small-cap index nevertheless increased by 1.77 percent, which indicates an increased propensity for risk. The energy industry was the pioneer in growth and has benefited 3.5% from the upward oil dynamics. The telecom market has sunk by 1.5 percent under pressure.

    Corporate Updates

    Walmart (WMT: + 1.15%) announced plans to create a fintech startup in partnership with venture capital fund Ribbit Capital, which backs broker Robinhood.

    Intel (INTC: + 3.3%) will increase production of new server processors. The company also unveiled 12th generation Alder Lake processors.

    Sports streaming service fuboTV (FUBO: + 34.2%) takes over the Vigtory bookmaker to launch its own bookmaker service by the end of the year.

    Today, foreign financial markets show mixed trends. The background of the news is quiet. Current activities in the United States linked to Donald Trump’s potential arrest had little impact on the movement of quotes as they does not conflict with the vaccine programme. The administration of Trump has meanwhile revealed reforms to promote the vaccine process. The key point of these improvements was that the second dose vaccine was spread rather than stored for two weeks. The list of people who will get the coronavirus vaccine has risen and there will be a substantial rise in the number of vaccination stations. The financial group is currently less concerned with morbidity and hospitalization rates. On 6 January the last maximum number of people injured was 132,5 thousand.

    Investors took a wait-and-see stance before big developments on Thursday and Friday. Note that on 14 January Joseph Biden will deliver a package of economic support initiatives and the season of quarterly bank reports will commence on 15 January. Consolidation is most likely in this regard during the current session.

    Economic news

    The December Core CPI will be published today. In November, the growth of the indicator is forecast to decline from 0.2% to 0.1% m/m. Despite substantial monetary and fiscal stimuli, inflationary pressures are expected to stay subdued in the short term. The second half of this year is expected to see a steady acceleration of inflation. The Sentiment Index of Freedom Finance plummeted to 58 out of 100. The measure represents the belief of industry players that the global economy will rebound in 2021. The possibility of mass vaccines alleviates fears over the harmful consequences of the coronavirus pandemic.

    Technical picture

    The S&P 500 is technically vulnerable to short-term consolidation. The day before, there was no effort to establish a correctional movement: buyers were solid. However, the RSI indicator remains close to the overbought zone, which still limits the growth prospects. Besides, in the area of ​​3825-3830 points, there is strong resistance in the form of the upper border of the equidistant channel. If a corrective movement develops, the first significant target for the S & P500 will be the level of 3700 points.

    Today Top Movers

    ‎Aprea Therapeutics Inc (APRE) gained over 18.13% at $6.06 in pre-market ‎trading on Wednesday after the company provided financial updates.

    ‎ ‎‎Plug Power Inc (PLUG) share price jumped 3.53% to $68.35 during the early morning ‎trading session on Wednesday after declaring a partnership with Renault, a French automaker, to become a leader in Hydrogen LCV.‎ ‎

    ‎Tonix Pharmaceuticals Holding Corp (TNXP), a biotechnology company, soared ‎about 30.81% ‎at $1.21 in pre-market trading Wednesday following the pricing $40M common stock offering.‎‎‎ ‎‎

    ‎Fluent Inc (FLNT) stock ascended 12.15% at $6.00 in the pre-‎market trading today.‎

    Top Upgrades & Downgrades

    JP Morgan turned bullish on Exxon Mobil Corporation (XOM), upgrading the stock to “Overweight” and assigning a $56.0 price target, representing a potential upside of 16.97% from Tuesday’s close. 

    Sabra Health Care REIT Inc. (SBRA) has won the favor of Jefferies’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $20.0, suggesting 17.03% additional upside for the stock. 

    Omega Healthcare Investors Inc. (OHI) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $40.0. They changed their rating on OHI to Buy from Hold in a recently issued research note. 

    Earlier Wednesday KeyBanc reduced its rating on Take-Two Interactive Software Inc. (TTWO) stock to Sector Weight from Overweight. 

    Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for The PNC Financial Services Group Inc. (PNC) has been changed to Neutral from Overweight and the new price target is set at $167. 

    Analysts at HSBC downgraded DuPont de Nemours Inc. (DD)’s stock to Hold from Buy Wednesday.

    Latest Insider Activity

    Tyme Technologies Inc. (TYME) 10% Owner Demurjian Michael announced the sale of shares taking place on Jan 11 at $1.62 for some 20,000 shares. The total came to more than $32426.

    Hecla Mining Company (HL) Director Rogers Terry V sold on Jan 08 a total 48,103 shares at $6.25 on average. The insider’s sale generated proceeds of almost $0.28 million.

    Foot Locker Inc. (FL) 10% Owner Vesa Equity Investment S.a r.l declared the purchase of shares taking place on Jan 04 at $39.00 for some 8,581 shares. The transaction amount was around $0.33 million.

    DermTech Inc. (DMTK) 10% Owner RTW INVESTMENTS, LP bought on Jan 07 a total 3,087,216 shares at $29.50 on average. The purchase cost the insider an estimated $5.9 million.

    Important Earnings

    Top US earnings releases scheduled for today include Infosys Limited (NYSE: INFY). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.15 per share from revenues of $3.38B in the three-month period.

    Analysts expect Washington Federal Inc. (NASDAQ:WAFD) to report a net income (adjusted) of $0.42 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $115.53M.

    Volt Information Sciences Inc. (VOLT), due to announce earnings after the market closes today, is expected to report earnings of $0.01 per share from revenues of $205.5M recently concluded three-month period.

  • Healthcare REITs top trading stocks

    Healthcare REITs top trading stocks

    Healthcare REITs are companies that own, operate, or finance healthcare-related property such as hospitals, senior living facilities, nursing homes and medical office buildings. Healthcare REITs, like other REITs, pool funds from several investors and distribute dividends.

    The medical-office sector has proven robust despite the global pandemic since healthcare is considered an essential service. Medical-offices also benefited somewhat from the suspension of unnecessary procedures in many U.S. hospitals.

    The top-trading healthcare REIT stocks were:

    CareTrust REIT Inc. (NASDAQ:CTRE) shares were trading up 3.61% at $22.95 at the time of writing on Tuesday. On December 1, 2020, the company revealed that it has extended a $15 million secured mezzanine loan to Next Healthcare, Inc. in connection with Next’s acquisition of a nine-property skilled nursing portfolio in Virginia.

    CareTrust REIT Inc. (NASDAQ:CTRE) share price went from a low point around $7.16 to briefly over $23.64 in past 52 weeks, though shares have since pulled back to $22.95. CTRE market cap has remained high, hitting $2.09B at the time of writing, giving it price-to-sales ratio of more than 10.

    If we look at the recent analyst rating CTRE, KeyBanc Capital Markets upgraded coverage on CTRE shares with an Overweight rating and a $21.50 price target, which implies room for -1.45% downside momentum this year.

    Diversified Healthcare Trust (DHC) last closed at $4.32, in a 52-week range of $2.00 to $8.93. The company on November 19, 2020 reported that U.S. News and World Report, the global authority in health care rankings, has recognized 30 communities within DHC’s Senior Housing Operating Portfolio (SHOP) segment in its annual list of “Best Nursing Homes”. Analysts have a consensus price target of $3.60.

    Physicians Realty Trust (DOC) stock soar by 2.07% to $18.25. The most recent rating by KeyBanc Capital Markets, on December 14, 2020, is at a Sector weight.

    The GEO Group Inc. (NYSE:GEO) Shares headed falling, lower as much as -0.83%. The firm declared on November 23, 2020, decision by federal bureau of prisons to not rebid its contract for rivers correctional facility. The most recent rating by Noble Capital Markets, on June 29, 2020, is at an Outperform.

    Healthcare Realty Trust Incorporated (NYSE:HR) rose 2.56% after gaining more than $0.75 on Tuesday. On November 25, 2020, the company revealed the release of its second annual Corporate Responsibility Report covering Environmental, Social, and Governance (ESG) initiatives and accomplishments.

    Healthcare Trust of America Inc. (HTA) last closed at $26.72, in a 52-week range of $20.61 to $34.22. The firm on December 4, 2020 declared that its Board of Directors issued a quarterly dividend of $0.320 per share of common stock. T Analysts have a consensus price target of $29.38.

    Medical Properties Trust Inc. (MPW) stock soar by 2.64% to $21.35. On November 20, 2020, the company declared pricing of $1,300,000,000 3.500% Senior Notes Due 2031. The most recent rating by Deutsche Bank, on December 15, 2020, is at a Buy.

    Omega Healthcare Investors Inc. (NYSE:OHI) Shares headed rising, higher as much as 3.39%. The most recent rating by Wells Fargo, on December 10, 2020, is at an Overweight.

    Healthpeak Properties Inc. (NYSE:PEAK) rose 3.70% after gaining more than $1.07 on Tuesday.

    Sabra Health Care REIT Inc. (SBRA) last closed at $17.87, in a 52-week range of $5.55 to $22.55. Sabra Health Care REIT, Inc. (SBRA) on December 8, 2020 revealed the appointment of Clifton J. Porter II to its Board of Directors. Analysts have a consensus price target of $16.61.

    Ventas Inc. (VTR) stock soar by 4.41% to $49.95. The company recently reported that its Board of Directors has declared a quarterly dividend of $0.45 per common share. The most recent rating by BofA Securities, on November 30, 2020, is at a Buy.

    Welltower Inc. (NYSE:WELL) Shares headed rising, higher as much as 4.16% after issuing business update. The most recent rating by KeyBanc Capital Markets, on December 14, 2020, is at an Overweight.