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Tag: Vistra stock

  • 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: Check These 4 Hot Stocks Right Now

    Early Morning Vibes: Check These 4 Hot Stocks Right Now

    Yesterday the US indices plunged deep into the red again. The last two days have seen a brave recovery, but panic broke out yesterday. The S&P 500 index lost 2.45% from a position of 3,829 points and the Nasdaq index fell 3.52% and closed at 13,119 points. The rising bond yields are now really starting to hurt investors. Ten-year yields rose to 1.49% on Thursday and the US 30-year Treasury bond even yields 2.28%. For the first time since early 2020, you will now receive a higher interest rate on this long-term bond than you will receive in dividends on stocks (S&P 500). 

    Technology stocks in particular seem to be affected by these higher interest rates. In recent days, the Nasdaq has lost more than the S&P and Dow Jones. Refinancing debt simply becomes more expensive and thus attracting new capital becomes more difficult. Hardest stocks are hit the hardest, because investors can still get out there with good profits. For example, Baidu lost 10% yesterday and Tesla again lost more than 10%. NVIDIA fell 7.11% and Spotify lost a whopping 9.45%.

     Positive outliers were Twitter (+ 3.71%) and GameStop (+ 18.56%). Twitter revised its earnings forecast upwards and GameStop responded positively to the CFO replacement.
     Today, the sell-off seems to be taking another tail, as futures are sharply lower. In the US, the Nasdaq Future is already 0.7% in the red. 

    Meanwhile, it is hoped that the interest rate rise will cool down quickly, because we are currently seeing panic across the entire market. The VIX (Volatility Index) has risen to a level of 28 points and even gold and silver are being hit. People really seem to be looking for liquidity, because even Bitcoin (-8%) is significantly lower today.

    Today Top Movers

    Lixte Biotechnology Holdings Inc (LIXT)is up 29.97% to $4.90 in premarket trading today.

    Armstrong Flooring Inc. (AFI) stock soared 36.14% to $5.5 in the pre-market trading after signing a definitive agreement to sell South Gate, California property for $76.7 million.

    Northern Dynasty Minerals Ltd. (AMEX: NAK) shares are trading up 33.14% at $0.932 at the time of writing.

    Sensus Healthcare Inc. (SRTS) grew over 15.18% at $4.4 in pre-market trading today. The company recently declared fourth quarter and full year 2020 financial results.

    Top Upgrades & Downgrades

    Needham turned bullish on LivePerson Inc. (LPSN), upgrading the stock to “Buy” and assigning a $71.0 price target, representing a potential upside of 35.81% from Thursday’s close. 

    NetApp Inc. (NTAP) has won the favor of Daiwa’s equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $70, suggesting a 14.36% additional upside for the stock. 

    Spirit Realty Capital Inc. (SRC) received an upgrade from analysts at UBS. They changed their rating on SRC to Neutral from Sell in a recently issued research note.

    Earlier Friday Baird reduced its rating on Voyager Therapeutics Inc. (VYGR) stock to Neutral from Outperform and assigned the price target to $6. 

    Raymond James analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Best Buy Co. Inc. (BBY) has been changed to Outperform from Strong Buy and the new price target is set at $120. 

    Analysts at SVB Leerink downgraded Pandion Therapeutics Inc. (PAND)’s stock to Market Perform from Outperform Friday.

    Latest Insider Activity

    PayPal Holdings Inc. (PYPL) EVP, Chief Strategy & Growth Auerbach Jonathan announced the sale of shares taking place on Feb 23 at $261.38 for some 46,134 shares. The total came to more than $12.06 million. 

    Tapestry Inc. (TPR) VP, Controller, and PAO Dadlani Manesh sold on Feb 24 a total of 19,753 shares at $41.47 on average. The insider’s sale generated proceeds of almost $6801. 

    Ford Motor Company (F) Director THORNTON JOHN L declared the purchase of shares taking place on Feb 23 at $11.62 for some 8,620 shares. The transaction amount was around $0.1 million. 

    DuPont de Nemours Inc. (DD) Director CURTIN TERRENCE R bought on Feb 22 a total 7,500 shares at $69.94 on average. The purchase cost the insider an estimated $524,549.

    Important Earnings

    Top US earnings releases scheduled for today include DraftKings Inc. (NASDAQ: DKNG). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.47 per share from revenues of $232.6M in the three-month period. 

    Analysts expect Vistra Corp. (NYSE: VST) to report a net income (adjusted) of $0.76 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.39B. 

    EOG Resources Inc. (EOG), due to announce earnings before the market opens today, is expected to report earnings of $0.8 per share from revenues of $3.04B recently concluded three-month period.