STOCKS TELEGRAPH

Tag: SCHW

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

    On February 4, American stock indices closed in the green. The S&P 500 Index climbed 1.09% to 3872 points, reaching a new all-time high. Dow Jones rose 1.08%, NASDAQ – 1.23%. The news background remained mostly calm. High investor risk appetite may be associated with positive macroeconomic statistics. The finance sector was the top gainer, rallying 2.27% on the back of a rally in payments stocks following a PayPal report. The tech sector added 1.55% on positive performance in Apple shares.

    Company news

    PayPal (PYPL: + 7.4%) successfully reported for the fourth quarter amid a boom in online trading and an increase in cryptocurrency transactions.

    Qualcomm’s revenue (QCOM: -8.8%) was in line with expectations, which did not allow the company to distinguish itself from the unexpectedly strong results of competitors.

    EBay (EBAY: + 5.3%) results beat consensus due to explosive growth in eCommerce during the reporting period.

    Today, global stock exchanges are showing positive dynamics. The optimism remains mainly related to the prospects for the adoption of the fiscal stimulus package. President Biden said yesterday that he was not ready to reduce the volume of direct payments to the population and insisted that they remain at $ 1400. Nevertheless, the head of the White House will probably consider the idea of ​​limiting the circle of citizens who are entitled to subsidies. This item of the program is of increased interest due to the extremely high activity of private investors, which caused a wave of short squeezes last week. It is expected that part of the funds received from the state will be invested by the population in the stock market but estimates of the potential inflow of liquidity are still very different.

    The focus of attention of market participants today will be focused on makrostatistiki. Strong data on the labor market is expected, which may serve as a fresh driver for the continuation of the upward movement. The companies’ quarterly reports continue to support risk appetite, with a positive initial investor reaction to the reports prevailing.

    Sentiment Index

    The Freedom Finance Sentiment Index remains at 68 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is still in a medium-term uptrend. The day before, the broad market index reached a new high, which signals the continued activity of buyers. The short-term outlook will depend on whether the bulls can hold the S&P 500 above 3870 points. The next resistance is at 3900 points, where the upper trend line lies.

    Today Top Movers‎T2 Biosystms Inc (TTOO), a healthcare firm, soared about 47.50% ‎at $3.54 in pre-market ‎trading Friday following the news of efficiency of its T2SARS-CoV-2™ Panel to ‎detect Brazil (P.1) variant of the SARS-CoV-2 virus.‎ ‎

    Aurora Mobile Ltd (JG) share price jumped 112.31% to $8.45 during the early morning ‎trading session on ‎Friday after declaring a partnership agreement with Kuaishou Technology, to improve advertising monetization efficiency. ‎ Supercom Lt (SPCB) stock ascended 37.85% at $1.93 in the pre-market trading today.‎ The company recently revealed the closing of financing with gross proceeds of $7 million to support the company’s growth capital needs. ‎LAIX Inc (LAIX) gained over 172.66% at $6.98 in pre-market ‎trading on Friday.‎ It appears there was a coordinated move on social media to drive the price up.

    Top Upgrades & Downgrades

    BTIG turned bullish on Canada Goose Holdings Inc. (GOOS), upgrading the stock to “Neutral”. 

    Infinity Pharmaceuticals Inc. (INFI) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Underweight to Neutral. 

    CMS Energy Corporation (CMS) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $64. They changed their rating on CMS to Outperform from Neutral in a recently issued research note. 

    Earlier Friday Oppenheimer reduced its rating on New Relic Inc. (NEWR) stock to Perform from Outperform. 

    Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Bruker Corporation (BRKR) has been changed to Equal Weight from Overweight and the new price target is set at $55. 

    Analysts at Raymond James downgraded Peloton Interactive Inc. (PTON)’s stock to Market Perform from Outperform Friday.

    Latest Insider Activity

    Palantir Technologies Inc. (PLTR) Karp Alexander C. announced the sale of shares taking place on Feb 02 at $31.59 for some 1,285,123 shares. The total came to more than $40.6 million. 

    Delta Air Lines Inc. (DAL) Int Co-CFO & SVP, Fin & Cntlr Carroll William C sold on Feb 02 a total of 19,481 shares at $38.55 on average. The insider’s sale generated proceeds of almost $0.1 million. 

    The Charles Schwab Corporation (SCHW) Director Ruffel Charles A. declared the purchase of shares taking place on Feb 04 at $54.08 for some 3,636 shares. The transaction amount was around $0.2 million. 

    Aurinia Pharmaceuticals Inc. (AUPH) Director Leversage Jill bought on Jan 29 a total 400 shares at $16.03 on average. The purchase cost the insider an estimated $6,412.

    Important Earnings

    Top US earnings releases scheduled for today include GrafTech International Ltd. (NYSE: EAF). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.4 per share from revenues of $300.16M in the three-month period. 

    Analysts expect Cardinal Health Inc. (NYSE: CAH) to report a net income (adjusted) of $1.44 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $41.44B. 

    Sanofi (SNY), due to announce earnings before the market opens today, is expected to report earnings of $0.69 per share from revenues of $11.39B recently concluded three-month period.

  • Early Morning Vibes: 4 Stocks We Like for Thursday

    Early Morning Vibes: 4 Stocks We Like for Thursday

    These are turbulent times in America. Trump supporters swept into the Capitol, the seat of Washington’s representatives. Things got so bad in the capital of the United States that Donald Trump’s social media accounts were suspended by Twitter and Facebook. In an initial reaction, the American indices fell. But these seem to have recovered significantly this morning. The reason for the event is a possible blue wave as the Democrats seem to be bringing in the Senate. In this way Biden will be able to fulfill much more of his political agenda. Deutsche Bank has already announced that they expect additional stimulus from this victory. The German bank expects that the additional support package for the coming year could be between $ 750 billion and $ 1 trillion. Good for US equities, bad for the value of the US dollar.

    Market Update

    Yesterday the S&P 500 rose 0.57% to close at 3,748 points. The Nasdaq 100 fell 1.40% to close at 12,623 points. Not a very good day for technology stocks. America’s oldest index, the Dow Jones, closed 1.44% in green at 30,829 points.

    Corporate News

    NVIDIA all set for takeover

    NVIDIA, the manufacturer of computer components, has made an offer of $ 40 billion for the technology company Arm. The latter is the UK’s most valuable technology company. NVIDIA has announced that they would like to keep the headquarters in the United Kingdom and fully focus on AI (artificial intelligence) via Arm. The British government has already announced that they want guarantees about permanent employment. Furthermore, the CMA (Competition and Markets Authority) also has a leading role to play after Brexit. Previously, the wings of this UK institution had been cut short by European regulators. The CMA will consider whether this acquisition would create unfair competition and will reach a decision within 18 months at the earliest. The NVIDIA stock is listed on Nasdaq, falling 5.90% yesterday during regular trading time.

    Today Top Movers

    Plug Power Inc (PLUG) climbed about 19.91% ‎at $42.00 in pre-market trading Thursday after declaring partnership with SK Group to receive $1.5 billion investment. ‎

    Sos Ltd (SOS), a Medical Care Facilities company, share price soared 97.09% to $3.39 during early morning ‎trading session on Thursday following an announcement from the company that SOS has entered into employment agreement with Dr. Eric H. Yan, an expert in cryptocurrency mining, security and insurance technologies. ‎

    Guardion Health Sciences Inc (GHSI) stock ascended 17.94% at $0.77 in the pre-‎market trading today. ‎

    Future Fintech Group Inc (FTFT) gained over 55.95% at $.62 in pre-market ‎trading on Thursday.‎ The firm recently revealed that it has signed a term sheet with Blocknance Financial International SRL.

    Top Upgrades & Downgrades

    RBC Capital turned bullish on Tesla Inc. (TSLA), upgrading the stock to “Sector Perform” and assigning a $700.0 price target. 

    Wells Fargo & Company (WFC) has won the favor of Jefferies’s equity research team. The firm upgraded the shares from Hold to Buy and moved its price target to $38.0. 

    JPMorgan Chase & Co. (JPM) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $152.0. They changed their rating on JPM to Buy from Hold in a recently issued research note. 

    Earlier Thursday Jefferies reduced its rating on Air Products and Chemicals Inc. (APD) stock to Hold from Buy and assigned the price target to $324. 

    Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Aerojet Rocketdyne Holdings Inc. (AJRD) has been changed to Hold from Buy and the new price target is set at $56.0. 

    Analysts at Jefferies downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Hold from Buy Thursday.

    Latest Insider Activity

    Yelp Inc. (YELP) Chief Executive Officer Stoppelman Jeremy announced the sale of shares taking place on Jan 04 at $29.98 for some 346,830 shares. The total came to more than $10.4 million. 

    The Charles Schwab Corporation (SCHW) Senior EVP Craig Jonathan M. sold on Jan 06 a total of 7,316 shares at $55.94 on average. The insider’s sale generated proceeds of almost $0.41 million. 

    Ring Energy Inc. (REI) 10% Owner Kruse William R declared the purchase of shares taking place on Dec 31 at $0.67 for some 619,898 shares. The transaction amount was around $0.41 million. 

    First Financial Bancorp. (FFBC) Director Rahe Maribeth S bought on Dec 31 a total 41,769 shares at $17.53 on average. The purchase cost the insider an estimated $12,499.

    Important Earnings

    Top US earnings releases scheduled for Monday include SYNNEX Corporation (NYSE: SNX). It will announce its Nov 2020 financial results. The company is expected to report earnings of $3.83 per share from revenues of $6.6B in the three-month period. 

    Analysts expect Limoneira Company (NASDAQ: LMNR) to report a net income (adjusted) of -$0.21 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2020 is predicted to come in at $29.19M. 

    Concentrix Corporation (CNXC), due to announce earnings after the market closes Monday, is expected to report earnings of $1.98 per share from revenues of $1.24B recently concluded three-month period.

  • 9 Capital Market Stocks Performed Mixed on Monday

    On Monday, U.S. stock markets closed mixed at a 1-week low with the S&P 500. Initially, ‎markets opened up ‎significantly lower on global economic fears on Monday as an increase ‎in Covid strains in the UK sparked greater ‎shutdowns that would hurt trade and economic ‎development. The Dow Jones Industrials closed slightly higher on ‎Monday, as bank stocks ‎rallied after regulators approved stock buybacks for banks and as U.S. disease ‎specialists ‎tried to ease concerns over the Covid mutation in the UK.‎

    The U.S. Congress over the weekend approved a pandemic relief plan of $900 billion, which ‎will support stocks. An ‎aide will be provided as part of a $1.4 trillion measure to fund ‎government operations through the end of the fiscal ‎year on September 30. President ‎Trump has said he will sign the measure after it passes both the House and Senate ‎later ‎Monday.‎

    On Monday, positive investor sentiment was supported by a rise in bank stocks after the ‎Federal Reserve ‎announced its positive results of the Stress Test for U.S. banks late Friday ‎and announced that it would loosen ‎restrictions on buying back of shares for U.S. banks in ‎Q1 2016. JPMorgan Chase and Citigroup’s stock prices ‎jumped more than +3% on Monday, ‎while Goldman Sachs was up more than +6%. ‎‎

    BGC Partners Inc. (NASDAQ:BGCP) shares were trading down -1.18% at $4.19 at the time of ‎writing on Monday.‎

    BGC Partners Inc. (NASDAQ:BGCP) share price went from a low point around $2.07 to ‎briefly over $6.14 in past 52 weeks, though shares have since pulled back to $4.19. BGCP market cap has remained ‎high, hitting $1.56B at the time of writing, giving it price-to-sales ratio of more than 0.

    If we look at the recent analyst rating BGCP, Raymond James downgraded coverage on ‎‎BGCP shares with a Mkt perform rating and a $7.00 price target, which implies room for 2.81% ‎upside momentum this year.‎

    Diginex Limited (EQOS) last closed at $9.58, in a 52-week range of $5.11 to $13.75.

    ‎Futu Holdings Limited (FUTU) stock drop by -1.96% to $42.47. The firm recently declared ‎that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of ‎the Company in the form of prepaid warrants for an aggregate purchase price of approximately ‎US$260,000,000.

    The Goldman Sachs Group Inc. (NYSE:GS) Shares headed rising, higher as much as 6.13%. ‎The most recent rating by Morgan Stanley, on November 30, 2020, is at an Underweight.

    Marathon Patent Group Inc. (NASDAQ:MARA) rose 23.52% after gaining more than $2.19 ‎on Monday. On December 9, 2020, the firm reported that it has entered into a contract with Bitmain to purchase ‎‎10,000 Antminer S-19j Pro ASIC Miners.

    Morgan Stanley (MS) last closed at $67.83, in a 52-week range of $27.20 to $65.43. On ‎December 18, 2020, the Board of Governors of the Federal Reserve System (FRB) notified Morgan Stanley (NYSE: ‎MS) that it would be permitted to resume repurchases of common stock in the first quarter of 2021, consistent with ‎the FRB’s recently announced distribution limitations.Analysts have a consensus price target of $65.07.

    The Charles Schwab Corporation (SCHW) stock drop by -0.44% to $51.75. On December 14, ‎‎2020, The Charles Schwab Corporation released its Monthly Activity Report. The most recent rating by Wells ‎Fargo, on December 01, 2020, is at an Overweight.

    ‎UP Fintech Holding Limited (NASDAQ:TIGR) Shares headed falling, lower as much as -‎‎3.44%. The company reported on December 9, 2020, that it engaged KPMG Huazhen LLP as its independent ‎registered public accounting firm.

    ‎XP Inc. (NASDAQ:XP) rose 0.84% after gaining more than $0.34 on Monday. XP Inc (XP) ‎declared on December 7, 2020, the closing of its underwritten public offering of 31,654,894 Class A common ‎shares.

  • Charles Schwab [NYSE: SCHW] Set for Growth as it Consolidates Market

    Charles Schwab [NYSE: SCHW] Set for Growth as it Consolidates Market

    It is an interesting time for Charles Schwab [NYSE:SCHW] as it acquired one of its key competitors, TD Ameritrade, to become one of the world’s largest brokerage firms. The $22 billion deal will see Charles Schwab grow to a client asset base of $6 trillion and 28 million brokerage accounts.

    This means TD Ameritrade was adding about 12 million client accounts to the combined entity and $1.3 trillion in client assets.  Commenting on the deal, Charles Schwab president, Walt Bettinger said that, they were looking forward to using the two companies’ combined strengths to eliminate barriers for investors by lowering costs and giving them better trading technologies. The move is likely to also drive up the company’s revenues going into the future and by extension its stock value.

    At the same time, Joe Moglia, the former chairman of the board at TD Ameritrade, announced that he will be relinquishing that position as Schwab merges with the online broker.  In an internal video bidding TD Ameritrade Associates, Moglia says that it was a difficult decision but one that was necessary and good for everyone.

    Moglia ascended to the position of CEO of TD Ameritrade (then Ameritrade) in 2001. At the time Ameritrade was a struggling firm on the brink of bankruptcy. It was worth a paltry $700 million, with total client assets of about $24 billion.

    As the company CEO, Moglia saw Ameritrade transform immensely in just seven years. By the time he was stepping aside to become the chairman of the board in 2008, the company’s capitalization stood at $10 billion and its shares had risen by 500%.

    Currently, the TD Ameritrade clients’ assets stand at approximately $5.5 trillion. His exit shows that Charles Schwab wants to be in full control of the new entity’s strategic direction. This could see the company grow much faster going into the future, which is good for market consolidation.

    Over the last few years, there has been an increase in competition from smaller, but more techy brokers. With the new entity and a unified strategy, Charles Schwab is uniquely positioned to grow going into the future.

    About Charles Schwab

    Charles Schwab provides wealth management, asset management and other financial advisory services. It is based in San Francisco, California.