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Tag: SOS stock

  • Early Morning Vibes: The 4 Best Stocks To Buy Now

    Early Morning Vibes: The 4 Best Stocks To Buy Now

    Futures for major US stock indices are growing rapidly on Monday – on the first day of February, a correction is planned on the American markets after a noticeable decline on Friday, according to trading data.

    The dynamics of futures on Monday indicates that stock markets may start February with corrective gains after the major US stock indexes lost around 2% on Friday. The sell-off occurred on fears of abnormal volatility in the prices of individual stocks and some assets.

    In general, analysts expect continued growth in the stock markets on optimism with regard to the prospects for the economy.

    In this light, traders are waiting for new macro statistics. So, in the first hours of major trading on Monday, the American Institute for Supply Management (ISM) will publish the index of business activity in the US industry (ISM Manufacturing) in January. Experts believe that the figure dropped to 60% against 60.5% in December.

    In addition, investors continue to follow the corporate reporting season in the US: 111 companies from the S&P 500 will report this week. In particular, the markets are awaiting with interest the quarterly financial results of such large technology companies as Amazon and Alphabet, which will present their financial results after the closing of Tuesday trading.

    Today Top Movers

    Tuscan Holdings Corp (THCB) gained over 55.24% at $24.15 in pre-market ‎trading on Monday.‎‎

    ‎Sos Ltd (SOS) grew over 6.57% at $3.24 in pre-market trading ‎today.‎ The company recently revealed the development of cutting-edge series of security systems based on Blockchain and AI technology competing the initial phase of its Blockchain strategy.‎

    ‎Sundial Growers Inc (SNDL) stock moved up 8.53 percent to $0.88 in the pre-market ‎trading following the declaration of US$100 million registered offering.‎

    ‎Adamas Pharma (ADMS) is up more than 24.37% at $7.35 in pre-market ‎hours ‎Monday ‎February 01, 2021.‎‎

    Top Upgrades & Downgrades

    JP Morgan turned bullish on Anterix Inc. (ATEX), upgrading the stock to “Neutral” and assigning a $40.0 price target, representing potential upside of 10.23% from Friday’s close.

    PagSeguro Digital Ltd. (PAGS) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $61.0, suggesting 24.62% additional upside for the stock.

    Nikola Corporation (NKLA) received an upgrade from analysts at Wedbush, who also set their one-year price target on the stock to $25.0. They changed their rating on NKLA to Neutral from Underperform in a recently issued research note.

    Earlier Monday KeyBanc reduced its rating on Lowe’s Companies Inc. (LOW) stock to Sector Weight from Overweight.

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Heartland Express Inc. (HTLD) has been changed to Sector Weight from Overweight.

    Analysts at KeyBanc downgraded Bed Bath & Beyond Inc. (BBBY)’s stock to Underweight from Sector Weight Monday.

    Latest Insider Activity

    AMC Entertainment Holdings Inc. (AMC) Director Silver Lake Group, L.L.C. announced the sale of shares taking place on Jan 27 at $16.05 for some 33,317,145 shares. The total came to more than $534.75 million.

    Gran Tierra Energy Inc. (GTE) 10% Owner GMT CAPITAL CORP sold on Jan 28 a total of 58,808,029 shares at $0.63 on average. The insider’s sale generated proceeds of almost $1.18 million. 

    FuelCell Energy Inc. (FCEL) CEO Few Jason declared the purchase of shares taking place on Jan 25 at $17.99 for some 11,000 shares. The transaction amount was around $0.2 million. 

    Intel Corporation (INTC) Chief Financial Officer Davis George S bought on Jan 26 a total 76,823 shares at $55.34 on average. The purchase cost the insider an estimated $503,317.

    Important Earnings

    Top US earnings releases scheduled for today include Otis Worldwide Corporation (NYSE: OTIS). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.59 per share from revenues of $3.36B in the three-month period. 

    Analysts expect ON Semiconductor Corporation (NASDAQ: ON) to report a net income (adjusted) of $0.28 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $1.36B. 

    NXP Semiconductors N.V. (NXPI), due to announce earnings after the market closes today, is expected to report earnings of $2.1 per share from revenues of $2.46B 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.