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Tag: UONE

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

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

    The American stock market finished trading with a slight loss on January 26. By the end of the session, the S & P 500 index dropped by 0.15% to 3850 points. NASDAQ and Dow Jones were down 0.07%. The news background stayed mostly calm, so the market showed weak dynamics. The energy sector fell 2.12% despite stable oil prices. The real estate sector became the leader in growth with a result of + 1.14% thanks to the continued favorable macroeconomic conditions in the housing market.

    Company news

    President Biden plans to transfer American officials to American-made electric cars. Against this background, shares of Workhorse (WKHS: + 30.2%), Lordstown (RIDE: + 14%), Nikola (NKLA: + 23.6%) and others rose.

    Beyond Meat (BYND: + 17.7%) has partnered with PepsiCo (PEP: + 1.2%) to co-manufacture and market plant-based meat substitute products.

    Johnson & Johnson (JNJ: + 2.7%) quarterly report better than expected. The company also announced that the test results for its vaccine will be released in early February.

    There are various dynamics in the global stock markets today. Pfizer and Moderna have both agreed to sell the US government 100 million additional doses of vaccine. Considering this order, the total volume of purchases will amount to 600 million. Over 300 million people can be vaccinated against coronavirus with just that amount. The number of hospitalized with COVID-19 in the United States fell to 108 thousand, which is in line with mid-December levels. The morbidity trend on a daily basis is on the decline. This allows the states to slowly remove barriers, which support investor confidence.

    The companies’ quarterly results and market reactions to them are still mixed. However, Microsoft’s report was strong, so the tech sector has the potential to become a growth engine for the broader market today.

    Economic news

    December durable goods base order data will be released this Wednesday. After increasing by 0.4% a month earlier, the indicator is expected to grow by 0.5% against the value in November. Note that basic orders do not include vehicles (cars, airplanes, etc.), and it is this group of products that may show the weakest dynamics against the background of continuing problems with orders from Boeing.

    Technical picture

    Technical analysis suggests that there is an upward tendency in the medium term for the S&P 500. The broad market index reached a new all-time high yesterday, but met selling pressure and failed to gain a foothold above 3860 points. The upper border of the equidistant channel in the area of ​​3865-3870 points is still a serious resistance. After a short-term consolidation, the upward movement is likely to continue.

    Today Top Movers‎

    ‎Virgin Galactic Holdings Inc (SPCE) share price jumped 11.65% to $46.95 during the early morning ‎trading session on ‎Wednesday.‎‎ SPCE has found itself making more headlines recently as billionaire rocketman, Richard Branson, gets closer to achieving his dream of taking tourists to the stars.‎ ‎‎

    ‎Digital Ally Inc (DGLY) grew over 14.18% at $3.14 in pre-market trading ‎today.‎‎‎ ‎‎

    ‎Moderna Inc (MRNA) stock moved up 1.49 percent to $154.19 in the pre-market ‎trading after the firm provided a supply update for the Moderna COVID-19 Vaccine.‎‎ ‎‎

    ‎Romeo Power Inc (RMO) gained 9.52% and closed at $20.25 on ‎Tuesday ‎January 26, 2021.‎‎

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Dycom Industries Inc. (DY), upgrading the stock to “Overweight” and assigning a $104.0 price target, representing a potential downside of 18.3% from Tuesday’s close. 

    3M Company (MMM) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $205, suggesting 16.51% additional upside for the stock. 

    The Wendy’s Company (WEN) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $25. They changed their rating on WEN to Buy from Hold in a recently issued research note. 

    Earlier Wednesday KeyBanc reduced its rating on Visa Inc. (V) stock to Sector Weight from Overweight.

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for MasTec Inc. (MTZ) has been changed to Sector Weight from Overweight.

    Analysts at KeyBanc downgraded Mastercard Incorporated (MA)’s stock to Sector Weight from Overweight Wednesday.

    Latest Insider Activity

    United States Antimony Corporation (UAMY) 10% Owner Reed Kenneth M announced the sale of shares taking place on Jan 26 at $0.98 for some 540,275 shares. The total came to more than $0.53 million. 

    Sorrento Therapeutics Inc. (SRNE) Director Followwill Dorman sold on Dec 16 a total of 2,130 shares at $7.14 on average. The insider’s sale generated proceeds of almost $7135.0. 

    Harbor Custom Development Inc. (HCDI) Director SWETS LARRY G JR declared the purchase of shares taking place on Jan 15 at $3.00 for some 35,000 shares. The transaction amount was around $0.1 million. 

    Urban One Inc. (UONE) 10% Owner SEMLER ERIC bought on Jan 19 a total 2,221,197 shares at $4.15 on average. The purchase cost the insider an estimated $829,170.

    Important Earnings

    Top US earnings releases scheduled for today include Tesla Inc. (NASDAQ: TSLA). It will announce its Dec 2020 financial results. The company is expected to report earnings of $1.01 per share from revenues of $10.32B in the three-month period. 

    Analysts expect Facebook Inc. (NASDAQ: FB) to report a net income (adjusted) of $3.22 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $26.43B. 

    Apple Inc. (AAPL), due to announce earnings after the market closes today, is expected to report earnings of $1.41 per share from revenues of $103.28B recently concluded three-month period.

  • 10 Trending Stocks In Broadcasting Industry You Should Invest In

    10 Trending Stocks In Broadcasting Industry You Should Invest In

    The global broadcasting industry is rapidly changing with the emergence of new technology and new consumer trends. The broadcasting industry is best known for its ability to adapt to and reflect quickly changing consumer tastes. This industry consists of those networks that create content and has acquired the right to broadcast. This industry is embracing and trying to exploit the opportunities new technological advancements will provide.

    There are various trends that will storm the broadcasting industry in the coming few years. These trends include Mobile TV, 5G, Voice interaction, and the merger of social broadcasting with artificial intelligence. The new upcoming changes in the artificial industry will also provide a lot of opportunities for the broadcasting industry.

    Here are the top ten leading companies in the broadcasting industry that need your attention right now:

    Sirius XM Holdings Inc. (NASDAQ: SIRI)

    Sirius XM Holdings Inc. (NASDAQ: SIRI) shares were trading up 5.41% at $5.65 at the time of writing on Thursday. Sirius XM Holdings Inc. (NASDAQ: SIRI) share price went from a low point around $4.11 to briefly over $7.40 in the past 52 weeks, though shares have since pulled back to $5.65. SIRI market cap has remained high, hitting $24.43B at the time of writing, giving it a price-to-sales ratio of more than 3.

    Sirius has earlier revealed that it has decided to share the third quarter 2020 financial and operating results on Thursday, October 22, 2020. If we look at the recent analyst rating SIRI, The Benchmark Company upgraded coverage on SIRI shares with a Buy rating and a $6.84 price target, which implies room for 1.19% upside momentum this year.

    Fox Corporation (NASDAQ: FOXA)

    Fox Corporation (NASDAQ: FOXA) last closed at $28.02, in a 52-week range of $19.81 to $39.74. Analysts have a consensus price target of $28.84. Fox Corporation (FOXA) has earlier revealed that its performance in this summer period from June’20 to Aug’20 is very strong.  Furthermore, the network recorded double-digit increases versus the prior year across all key metrics, including multiplatform unique visitors, multiplatform views, and total multiplatform minutes.

    AMC Networks Inc. (NASDAQ: AMCX)

    AMC Networks Inc. (NASDAQ: AMCX) Shares headed falling, lower as much as -1.82%. The most recent rating by Macquarie, on August 07, 2020, is at an Outperform. AMC Networks Inc. (AMCX) earlier disclosed that on September 16, 2020, it plans to start a ‘modified Dutch auction’ tender offer to purchase up to $250 million in value of its outstanding Class A common stock, par value $0.01 per share, at a price per Class A Share of not less than $22.50 and not greater than $26.50.

    News Corporation (NASDAQ: NWSA)

    News Corporation (NASDAQ: NWSA) rose 1.14% after gaining more than $0.16 on Thursday. News Corporation (NWSA) Chief Executive Robert Thomson has talked about the announcement of Google regarding partnerships with news publishers. If we look at its profitability, it has return on assets, an equity investment of -8.30%, -15.30%, and -17.50%, respectively. News Corporation’s market cap has remained high, hitting $8.29 billion at the time of writing.

    TEGNA Inc. (NYSE: TGNA)

    TEGNA Inc. (NYSE: TGNA) stock drop by -2.38% to $11.47. The most recent rating by Wells Fargo, on August 11, 2020, is at an Overweight. TEGNA Inc. (TGNA) is scheduled to host a conference call to discuss its third quarter 2020 earnings results on Monday, November 9, 2020. TEGNA’s earnings announcement will be released to news outlets and wire services before the market opens on November 9.

    Sinclair Broadcast Group Inc. (NASDAQ: SBGI)

    Sinclair Broadcast Group Inc. (NASDAQ: SBGI) Shares headed falling, lower as much as -3.69%. The most recent rating by The Benchmark Company, on August 06, 2020, is at a Buy. Sinclair Broadcast Group Inc. (SBGI) has earlier announced that the company and several employees have received Cynopsis’ Media Awards. The Cynopsis Awards honor individual talent and companies who push the media industry forward, consistently empowering and inspiring viewers.

    Urban One Inc. (NASDAQ: UONE)

    Urban One Inc. (NASDAQ: UONE) stock drop by -14.66% to $4.89. Urban One Inc. share price went from a low point around $0.95 to briefly over $54.16 in the past 52 weeks, though shares have since pulled back to $4.89. It has moved up 415.50% from its 52-weeks low and moved down -90.97% from its 52-weeks high. UONE market cap has remained high, hitting $7.74 million at the time of writing.

    Grupo Televisa S.A.B. (NYSE: TV)

    Grupo Televisa S.A.B. (NYSE: TV) last closed at $6.36, in a 52-week range of $4.65 to $12.60. Analysts have a consensus price target of $8.28. Grupo Televisa S.A.B ) has moved up 36.77% from its 52-weeks low and moved down -49.54% from its 52-weeks high. This company market capitalization has remained high, hitting $3.64 billion at the time of writing.

    Formula One Group (NASDAQ: FWONK)

    Formula One Group (NASDAQ: FWONK) rose 2.43% after gaining more than $0.88 on Thursday. Formula One Group (FWONK) stock has fluctuated between the 52-weeks low range of $18.31 and a high range of $48.95. has moved up 102.89% from its 52-weeks low and moved down -24.11% from its 52-weeks high. This company market capitalization has remained high, hitting $7.56 billion at the time of writing.

    Urban One Inc. (NASDAQ: UONEK)

    Urban One Inc. (NASDAQ: UONEK) last closed at $1.14, in a 52-week range of $0.56 to $6.84. Urban One Inc. (UONEK) has moved up 102.85% from its 52-weeks low and moved down -83.33% from its 52-weeks high. This company market capitalization has remained high, hitting $34.13 million at the time of writing.

     

  • Stocks to Watch as China Industrial Data Uplifts Markets

    Stocks to Watch as China Industrial Data Uplifts Markets

    It’s a good start to the week for stock markets all across the world. In Europe, the German industrial indices are on the rise, uplifting the rest of the market with them, with the DAX currently up by over 2%. It’s the same scenario in the U.K and France where the FTSE 100 and the CAC 40 are up by 1.5% and 2% respectively.  U.S equities are headed for an equally good day if their pre-market price action is anything to go by.

    At the time of writing, the S&P 500 was up 1.35%, the Dow by 1.34%, and the NASDAQ by 1.68%. The excitement in the market is driven by positive data from China. Chinese data shows that industrial profits remain strong and that they have been on a growth path for four months in a row.

    According to the country’s statistical bureau, industrial profits increased by19.1% in August to 612.81 million yuan, compared to a similar month in 2019. This has created excitement across global markets that the COVID-19 slump in economic activity is not as bad as had been feared. As market optimism rises, stocks that have exciting news are rallying more than the rest of the market. Some of the top performers ahead of markets are as below:

    Piedmont Lithium Limited [NASDAQ: PLL]

    Piedmont Lithium Ltd is a top performer pre-market and is up by over 200%. This follows the company’s announcement that it had signed a lithium ore supply agreement with Tesla. Under the initial 5 year deal, the company will supply a third of the planned 160k tons of spodumene concrete annually from its site in North Carolina. The deal also has a clause for an extension for another 5 years. In a statement, the company stated that the deal was the first step in its supply of lithium in the U.S market. Deliveries are expected to begin in between July 2022 and July 2023.

    Urban One [NASDAQ: UONE]

    While its gains are not that huge, it is still one of the biggest gainers pre-market. This follows news about a pending patent for circle technology. If it continues its current momentum, it stands to be one of the big gainers at the start of the week.

    Oxbridge Re Holdings Limited [NASDAQ: OXBR]

    This is one of the biggest performers pre-market and is up by over 90%. There is no major news about the company, which makes it a momentum-driven move. If markets keep gaining in the day, it could gain big too.

  • Top 12 Trending Stocks In Broadcasting Industry That Need Your Attention

    Top 12 Trending Stocks In Broadcasting Industry That Need Your Attention

    Technology advancements will definitely continue this year in a host of industries and it seems like the broadcasting industry is one of them. This technology will accept and utilize those opportunities that these technologies will provide. The world is dynamic and so is the technology. It has brought various changes in almost every industry.

    The broadcasting industry is best known for its ability to adapt to and reflect quickly changing customer tastes. The trend which has gained attention in this industry is the merger of social broadcasting with Artificial Intelligence. If AI continues to grow, the two-way communication will hold a lot of promises for the broadcasting industry.

    Let’s take a quick look at the top best-performing companies in the broadcasting industry and see how they adopt new trends:

    Sirius XM Holdings Inc. (NASDAQ: SIRI)

    Sirius XM Holdings Inc. (NASDAQ: SIRI) shares were trading down -2.14% at $5.02 at the time of writing on Wednesday. Sirius XM Holdings Inc. (NASDAQ: SIRI) share price went from a low point around $4.11 to briefly over $7.40 in the past 52 weeks, though shares have since pulled back to $5.02. SIRI market cap has remained high, hitting $22.42B at the time of writing, giving it a price-to-sales ratio of more than 2.

    SiriusXM and The National Football League (NFL) have expanded their satellite broadcasting agreement to include additional streaming rights starting this 2020 season. If we look at the recent analyst rating SIRI, The Benchmark Company upgraded coverage on SIRI shares with a Buy rating and a $6.84 price target, which implies room for 1.82% upside momentum this year.

    AMC Networks Inc. (NASDAQ: AMCX)

    AMC Networks Inc. (NASDAQ: AMCX) shares headed falling, lower as much as -2.82%. The most recent rating by Macquarie, on August 07, 2020, is at an Outperform. AMC Networks Inc. (AMCX) revealed that it has decided to start a ‘modified Dutch auction’ tender offer to purchase up to $250 million in value of its outstanding Class A common stock, par value $0.01 per share, at a price per Class A share of not less than $22.50 and not greater than $26.50. This company market capitalization has remained high, hitting $1.25 billion at the time of writing.

    Entercom Communications Corp. (NYSE: ETM)

    Entercom Communications Corp. (NYSE: ETM) last closed at $1.38, in a 52-week range of $0.75 to $5.22. Analysts have a consensus price target of $1.80. Entercom Communications Corp. (ETM) will broadcast the fourth annual “I’m Listening,” a live national program that brings together artists, athletes, and medical specialists to raise awareness and end the stigma of talking about mental health. This company market capitalization has remained high, hitting $187.83 million at the time of writing.

    Fox Corporation (NASDAQ: FOX)

    Fox Corporation (NASDAQ: FOX) stock drop by -3.60% to $25.98. Fox Corporation (FOX) FOX News Digital has experienced record-breaking engagement across all key performance indicators from Jun’20 to Aug’20. The digital network also completed the month with its strongest performance of any August on record and led the news competition in multiplatform minutes for the month.

    TEGNA Inc. (NYSE: TGNA)

    TEGNA Inc. (NYSE: TGNA) fall -1.79% after losing more than -$0.21 on Wednesday. TEGNA Inc. (TGNA) revealed today that its people and stations have received seven Broadcasting+Cable Awards, which recognize the local television industry’s most powerful, innovative, and engaging content and programming in news, public affairs, and community relations. This company’s market capitalization has remained high, hitting $2.52 billion at the time of writing.

    Sinclair Broadcast Group Inc. (NASDAQ: SBGI)

    Sinclair Broadcast Group Inc. (NASDAQ: SBGI) last closed at $19.35, in a 52-week range of $10.57 to $44.15. Analysts have a consensus price target of $23.81. Sinclair Broadcast Group Inc. (SBGI) honored President and Chief Executive Officer Christopher Ripley for being awarded The Daily Record’s Most Admired CEO Award. He has been recognized for his leadership and strong vision.

    News Corporation (NASDAQ: NWSA)

    News Corporation (NASDAQ: NWSA) stock drop by -3.39% to $14.24. The most recent rating by JP Morgan, on July 22, 2020, is at a Neutral. News Corporation (NWSA) share price went from a low point around $7.90 to briefly over $15.90 in the past 52 weeks. News Corporation’s market cap has remained high, hitting $8.14 billion at the time of writing.

    Grupo Televisa S.A.B. (NYSE: TV)

    Grupo Televisa S.A.B. (NYSE: TV) fall -1.12% after losing more than -$0.07 on Wednesday. Grupo Televisa S.A.B. (TV) stocks fluctuated between the 52-weeks low range of $4.65 and a 52-weeks high range of $12.60. It has moved up 34.52% from its 52-weeks low and moved down -50.38% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $3.60 billion at the time of writing.

    Urban One Inc. (NASDAQ: UONE)

    Urban One Inc. (NASDAQ: UONE) stock soar by 9.52% to $4.14. Urban One Inc. (UONE) share price went from a low point around $0.95 to briefly over $54.16 in the past 52 weeks. It has moved up 306.92% from its 52-weeks low and moved down -92.87% from its 52-weeks high. Urban One Inc.’s market cap has remained high, hitting $6.55 million at the time of writing.

    Urban One Inc. (NASDAQ: UONEK)

    Urban One Inc. (NASDAQ: UONEK) Shares headed rising, higher as much as 1.56%. Urban One Inc. (UONEK) stocks fluctuated between the 52-weeks low range of $0.56 and a 52-weeks high range of $6.84. It has moved up 51.48% from its 52-weeks low and moved down -87.55% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $1.70 billion at the time of writing.

    Fox Corporation (NASDAQ: FOXA)

    Fox Corporation (NASDAQ: FOXA) last closed at $25.91, in a 52-week range of $19.81 to $39.74. Analysts have a consensus price target of $28.84. This company’s market capitalization has remained high, hitting $16.08 billion at the time of writing.

    The Liberty SiriusXM Group (NASDAQ: LSXMK)

    The Liberty SiriusXM Group (NASDAQ: LSXMK) shares headed falling, lower as much as -2.32%. The most recent rating by Morgan Stanley, on March 15, 2019, is at an Overweight. The Liberty SiriusXM Group (LSXMK) market capitalization has remained high, hitting 7.44 billion at the time of writing.

  • Urban One Inc [UONE] – Why to Buy As Stock Trades At Key Support Level

    Urban One Inc [UONE] – Why to Buy As Stock Trades At Key Support Level

    Urban One Inc [NASDAQ: UONE] has been on a downtrend for the past month. However, it seems to have found some support at around $4 and has bounced off this price level. If it holds, the stock could see an increase in buying momentum as investors move in to take positions. This is already showing in its price action today when the stock is up by 6%. However, there are other factors likely to drive this stock’s price action beside the technical price action. Some of the factors likely to drive up momentum in this stock are as below:

    1. Increased interest in black-owned businesses

    Over the last few months, there has been an increase in interest in black-owned businesses. This interest is unlikely to drop any time soon. In fact, due to the ongoing racial issues in the U.S, such businesses are likely to keep gaining more interest in the near-term. Urban One Inc is one of the black businesses that stand to gain the most from the growing interest in black businesses.

    The company stands to benefit in two ways. First, it is well-positioned to attract investors who want to invest in black businesses. The company runs 61 broadcast stations that are all targeted at the black community. This makes it one of the best businesses for an investor that wants to invest in a business that has an impact on the business community.

    Secondly, the business offers a window of opportunity for investors looking to target the black community for different empowerment programs. This could see the number of advertisements rise, and as a consequence, drive up its revenues and intrinsic value. Both of these factors could see the value of this stock grow in value in the foreseeable future.

    1. The company is recapitalizing

    Recently, Urban One Inc announced that it was undertaking an equity offering to raise $25 million. The company intends to do this by issuing class A shares. The company has stated that it intends to use the money for repaying debts, and for general company purposes. With this recapitalization, the company is well-positioned to grow in value in the near-term. That’s because, when the company gets out of debt, it will have the liquidity to invest in new growth opportunities.

    The company will also be in a position to navigate better through tough economic times and that adds to its intrinsic value.

    About Urban One Inc

    Urban One Inc is the largest media company targeting the black community in the U.S. Through its media outlets, the company reaches more than 59 million households. It is based in Silver Spring, Maryland.