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Tag: Viatris stock

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

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

    On March 5, the American stock exchanges closed in the green zone. The S&P 500 rose 1.95% to 3842 points, the Dow Jones added 1.85%, the NASDAQ rose 1.55%. All sectors, led by the energy sector, showed a confident growth, which continues to rally supported by oil prices. After the OPEC + decision to leave the production level unchanged, the energy quotes are moving up. Treasury yields were held near weekly highs. The Fed has confirmed its long-term plans to maintain the current parameters of monetary policy.

    Company News

    Online real estate marketplace CoStar Group (CSGP: + 5.3%) abandoned the acquisition of CoreLogic (CLGX) due to the impact of rising rates on the prospects for the mortgage refinancing market.

    Apparel retailer Gap (GPS: + 7.6%) posted a decline in revenue, but EPS was above forecast. The prospects for the development of the Old Navy and Athleta brands are noted.

    Insurance company Guidewire Software (GWRE: -4.8%) did better than expected, but margins are worrisome.

    Today, global stock markets are showing mixed dynamics. On Saturday, the Senate passed a $ 1.9 trillion stimulus package. It includes a reduction in weekly unemployment benefits from $ 400 to $ 300, direct payments of $ 1,400 for about 85% of American families, $ 350 billion in state and local government assistance, as well as funding a vaccination campaign and expanding tax credits for children. On March 9, a vote on the package will be held in the House of Representatives, after which the law will be submitted to the President for signature. Market participants are confident that the law will be adopted in the first half of March.

    The labor market statistics released on Friday pleasantly surprised investors. The unemployment rate fell to 6.2%, and the leisure and hospitality industry became a driver of new job growth. Against the background of a decrease in the incidence of COVID-19 and active vaccination, some states have eased quarantine restrictions: the mandatory wearing of masks and the observance of social distance in public places have been canceled. This revitalized tourism and recreation, but heightened the risk of the spread of the coronavirus. To date, about 17% of the US population has received the vaccine, and this is not enough to stop the epidemic.

    Uncertain appetite for risk. The 10-year Treasury rate hovers around the 1.55% mark. Brent oil futures rise to $ 70. Gold dropped to $ 1698.

    Technically, the S&P 500 marked a short-term downtrend, maintaining medium-term positive momentum. The broad market index found support near 3700, below the long-term uptrend. In the medium term, mixed dynamics is expected with the nearest support zone of 3640-3700 points.

    Today Top Movers


    Net Element Inc. (NASDAQ: NETE) shares are trading up 22.27% at $10.87 at the time of writing. Mullen Technologies, Inc. which previously announced a definitive agreement to merge with Net Element in a stock-for-stock reverse merger in which Mullen’s stock holders will receive a majority of the outstanding stock in the post-merger company, revealed today a strategic partnership with NexTech Batteries Inc. as an EV battery supplier and key partner for battery development and technologies.

    Anchiano Therapeutics Ltd. (ANCN) stock soared 109.58% to $7.0 in the pre-market trading. 

    Adaptive Biotechnologies Corporation (ADPT), a Biotechnology company, rose about 11.3% at $47.0 in pre-market trading Monday. The company recently declared that the U.S. Food and Drug Administration (FDA) issued an Emergency Use Authorization (EUA) for T-Detect™ COVID to confirm recent or prior COVID-19 infection. 

    XpresSpa Group Inc. (XSPA) grew over 26.54% at $2.05 in pre-market trading today. On March 4, 2002, the XpresSpa Group,Inc. (Nasdaq: XSPA) announced it has signed a contract with the Port of Seattle for a COVID-19 popup testing facility at at Seattle-Tacoma International Airport (SEA).

    Top Upgrades & Downgrades


    KeyBanc turned bullish on The Trade Desk Inc. (TTD), upgrading the stock to “Overweight” and assigning an $851.0 price target, representing a potential upside of 30.09% from Friday’s close. 

    IQVIA Holdings Inc. (IQV) 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 $218.0, suggesting a 15.61% additional upside for the stock. 

    The Coca-Cola Company (KO) received an upgrade from analysts at RBC Capital, who also set their one-year price target on the stock to $60.0. They changed their rating on KO to Outperform from Sector Perform in a recently issued research note. 

    Earlier Monday KeyBanc reduced its rating on PRA Health Sciences Inc. (PRAH) stock to Sector Weight from Overweight. 

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

    Analysts at Goldman Sachs downgraded Viatris Inc. (VTRS)’s stock to Neutral from Buy Monday.

    Latest Insider Activity


    Freeport-McMoRan Inc. (FCX) Director FORD GERALD J announced the sale of shares taking place on Mar 04 at $33.24 for some 300,000 shares. The total came to more than $9.97 million. 

    Zynga Inc. (ZNGA) Director DUGAN REGINA E sold on Mar 04 a total of 214,588 shares at $10.53 on average. The insider’s sale generated proceeds of almost $94244.0. 

    Cleveland-Cliffs Inc. (CLF) EVP, Chief Financial Officer Koci Keith declared the purchase of shares taking place on Mar 05 at $13.45 for some 15,000 shares. The transaction amount was around $0.2 million. 

    Enterprise Products Partners L.P. (EPD) Director WILLIAMS RANDA DUNCAN bought on Mar 04 a total of 4,915,183 shares at $22.90 on average. The purchase cost the insider an estimated $6.96 million.

    Important Earnings

    Top US earnings releases scheduled for today include Waitr Holdings Inc. (NASDAQ:WTRH). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.04 per share from revenues of $51.36M in the three-month period. 

    Analysts expect ContextLogic Inc. (NASDAQ:WISH) to report a net income (adjusted) of -$3.03 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $736.11M. 

    CarParts.com Inc. (PRTS), due to announce earnings after the market closes today, is expected to report earnings of -$0.1 per share from revenues of $91.97M recently concluded three-month period.

  • Early Morning Vibes: 4 Top Movers To Watch For Weekend

    Early Morning Vibes: 4 Top Movers To Watch For Weekend

    Investors remain concerned about the situation in the bond markets. Last week, Fed Chairman Jerome Powell was able to calm the markets somewhat, but yesterday his speech went down the wrong way with investors. During his speech, he indicated that the bond market situation has his attention, but he saw no reason to intervene yet.

    Powell also said it is very likely that inflation will rise further as the economy recovers, but he thinks this will only be a temporary effect. Without sustained inflation coupled with a return to full employment, the central bank is unlikely to hike interest rates. His thoughts combined with the lack of measures led to rising interest rates again.

    At the same time, this was again enough reason for investors to hit the sell buttons. Technology was again the bitten dog, the Nasdaq closed 2.11% lower at 12,723 points. The S&P 500 did less badly with a loss of 1.34% to 3,768 points. The same shares as Wednesday were sold off again. For example, we saw Baidu again lose more than 6.2% and Tesla also fell by 4.86%.

    The Nasdaq has fallen below 13,000 points with all the violence through the support surface. The technology fair is now in the red for the current year. In Thursday’s Morning Call I already indicated that the breakthrough of the neckline of the head & shoulder pattern has a price target of approximately 12,000 points.

    Today Top Movers

    Waitr Holdings Inc. (WTRH) stock soared 20.74% to $3.61 in the pre-market trading. The firm recently declared partnership with Flow Payments to create a compliant marketplace, delivery and payment solution for dispensaries selling cannabis.

    Sify Technologies Limited (NASDAQ: SIFY) shares are trading up 38.15% at $3.73 at the time of writing. According to people with knowledge of the matter, Blackstone Group Inc. is in talks to acquire a minority stake in Sify Technologies Ltd.(SIFY), an Indian technology company. Company’s 52-week ranged between $0.56 to $5.89. 

    XTL Biopharmaceuticals Ltd. (XTLB) grew over 159.52% at $7.5 in pre-market trading today.

    CLPS Incorporation (CLPS), a Information Technology Services company, rose about 44.93% at $6.0 in pre-market trading Friday. The company reported today in its unaudited financial results for the six months ended December 31, 2020, that revenues increased by $15.7 million, or 37.0%, to $58.3 million from $42.6 million in the prior year period.

    Top Upgrades & Downgrades

    DZ Bank turned bullish on Exxon Mobil Corporation (XOM), upgrading the stock to “Hold” and assigning a $58 price target. 

    Cisco Systems Inc (CSCO) 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 $55, suggesting 23.42% additional upside for the stock. 

    Fifth Third Bancorp (FITB) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $45. They keep their rating on FITB as Buy from Buy in a recently issued research note. 

    Earlier Friday Raymond James reduced its rating on Senseonics Holdings Inc (SENS) stock to Underperform from Market Perform. 

    JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Nikola Corporation has been changed to Neutral from Overweight. 

    Analysts at ICICI Securities downgraded Wipro Limited (WIT)’s stock to Sell from Reduce Friday.

    Latest Insider Activity

    Advanced Micro Devices Inc. (AMD) EVP, CFO & Treasurer KUMAR DEVINDER announced the sale of shares taking place on Mar 02 at $86.09 for some 63,044 shares. The total came to more than $5.43 million. 

    PayPal Holdings Inc. (PYPL) EVP, Chief Bus. Aff. & Legal O Pentland Adele Louise sold on Mar 03 a total of 60,677 shares at $261.21 on average. The insider’s sale generated proceeds of almost $19.66 million. 

    Viatris Inc. (VTRS) Director CORNWELL W DON declared the purchase of shares taking place on Mar 03 at $13.84 for some 3,000 shares. The transaction amount was around $41515.0. 

    Vistra Corp. (VST) Director BARBAS PAUL M bought on Mar 03 a total 67,159 shares at $16.42 on average. The purchase cost the insider an estimated $197,040.

    Important Earnings


    Top US earnings releases scheduled for today include Big Lots Inc. (NYSE:BIG). It will announce its Jan 2021 financial results. The company is expected to report earnings of $2.5 per share from revenues of $1.74B in the three-month period. 

    Analysts expect Hibbett Sports Inc. (NASDAQ:HIBB) to report a net income (adjusted) of $1.37 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $378.42M.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    US stock indices closed with growth on Monday. The last week rally in US government bond yields stalled, easing investors’ concerns about the prospects of raising interest rates.

    The S&P 500 jumped 90.67 points, or 2.4%, to 3901.82, the largest percentage gain in a single session since June 5 last year. The Dow Jones Industrial Average rose 603.14 points, or 1.9%, to 31,535.51, and the Nasdaq Composite rose 396.48 points, or 3%, to 13588.83.

    All three indices declined last week under pressure from the plummeting tech sector. Their recovery on Monday took place against the backdrop of a decrease in the yield of 10-year US Treasury bonds (a benchmark for the cost of borrowing in world markets) from Friday 1.459% to 1.444%.

    The stock market, especially the tech sector, has been hit in recent sessions by volatility in government bond markets. The rise in long-term bond yields, fueled by an improved economic outlook, makes technology stocks and other fast-growing companies less attractive to investors. Even with Monday’s gains, the Nasdaq remains 3.6% below its Feb 12 record close.
     Yields on bonds soared higher last week, calling into question the prospect of continued low-interest rates that saw the rally in equities last year. In addition, the likelihood of the end of the loose monetary policy used by the Fed to fight inflation has increased.

    After the House passed a $ 1.9 trillion package of measures, Biden called on the Senate for swift action over the weekend. Democrats are aiming to formalize the package by March 14, when some federal unemployment benefits are due to expire.Some investors are worried that rising government bond yields and mounting inflationary pressures could destabilize the stock market, especially in light of the expected huge federal spending as part of Biden’s stimulus package.

    Meanwhile, according to data released on Monday, manufacturing activity in the US grew at the fastest pace since the start of the pandemic in February. The purchasing managers’ index (PMI) of the Institute of Supply Management for February was 60.8 points against 58.7 in January. Economists’ forecast suggested that the index will be 58.9 points. Index readings above 50 indicate increased activity.
     Several Fed officials are due to speak later this week, and investors will be watching these speeches closely for signs of concern about government bond yields.

    The improvement in investment sentiment was noticeable outside the United States as well. Thus, the pan-European index Stoxx Europe 600 rose by 1.8%. The growth was led by shares of retail and travel companies, whose fate depends on the recovery of economic activity.

    Today Top Movers

    Great Elm Group Inc (GEG) share price surged 96.52% to $6.78 in pre-market trading today. 

    TherapeuticsMD Inc. (TXMD) stock soared 16.26% to $1.68 in the pre-market trading. 

    Inuvo Inc. (AMEX: INUV) shares are trading up 20.61% at $1.58 at the time of writing. 

    STRATA Skin Sciences Inc. (SSKN) grew over 56.07% at $2.7 in pre-market trading today after declaring inducement grants under Nasdaq Listing Rule 5635(c)(4).

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Akamai Technologies Inc. (AKAM), upgrading the stock to “Overweight” and assigning a $119.0 price target, representing a potential upside of 24.04% from Monday’s close. 

    Repay Holdings Corporation (RPAY) has won the favor of Wells Fargo’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $29. 

    Morgan Stanley (MS) received an upgrade from analysts at Daiwa, who also set their one-year price target on the stock to $86. They changed their rating on MS to Outperform from Neutral in a recently issued research note. 

    Earlier Tuesday SVB Leerink reduced its rating on Athenex Inc. (ATNX) stock to Market Perform from Outperform and assigned the price target to $5. 

    JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Viatris Inc. (VTRS) has been changed to Neutral from Overweight and the new price target is set at $18. 

    Analysts at B. Riley Securities downgraded Service Properties Trust (SVC)’s stock to Neutral from Buy Tuesday.

    Latest Insider Activity

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark announced the sale of shares taking place on Feb 26 at $261.38 for some 44,750 shares. The total came to more than $11.7 million. 

    Morphic Holding Inc. (MORF) Director Omega Fund V, L.P. sold on Mar 01 a total of 2,551,555 shares at $45.93 on average. The insider’s sale generated proceeds of almost $0.32 million. 

    Abbott Laboratories (ABT) Director Kumbier Michelle declared the purchase of shares taking place on Feb 23 at $122.50 for some 2,040 shares. The transaction amount was around $0.25 million. 

    United Parcel Service Inc. (UPS) Director Hewett Wayne M. bought on Feb 24 a total 868 shares at $159.82 on average. The purchase cost the insider an estimated $99,887.

    Important Earnings

    Top US earnings releases scheduled for today include Kopin Corporation (KOPN). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.01 per share from revenues of $21.89M in the three-month period. 

    Analysts expect Hewlett Packard Enterprise Company (NYSE:HPE) to report a net income (adjusted) of $0.41 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $9.33M. 

    fuboTV Inc. (FUBO), due to announce earnings after the market closes today, is expected to report earnings of -$0.73 per share from revenues of $93.94M recently concluded three-month period.