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- 05 Nov - Morning Newsletter (with changes)
05 Nov - Morning Newsletter (with changes)
4 Stocks Closing the Week Strong
Good Morning!
US stock indices closed mixed on Thursday. The S&P 500 and Nasdaq Composite continued to break records amid investor speculation on the Fed's latest stimulus and interest rate announcements.The S&P 500 rose 19.49 points, or 0.4%, to 4680.06. The Nasdaq Composite added 128.72 points, or 0.8%, to close at 15940.31. Both indices are closing at record highs for the sixth straight session.Meanwhile, the Dow Jones Industrial Average shed 33.35 points, or 0.1%, to 36,124.23, breaking a five-day rally but still ending the session with the second highest close on record.
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Today Top Movers
ReWalk Robotics Ltd. (RWLK) stock soared 58.91% to $2.05 in the pre-market trading after declaring that its ReBoot device has been granted designation as a Breakthrough Device by the Food and Drug Administration (FDA).
Assertio Holdings Inc. (NASDAQ: ASRT) shares are trading up 27.03% at $1.41 at the time of writing after reporting financial results for the third quarter ended September 30, 2021.
Bill.com Holdings Inc. (BILL) grew over 15.53% at $339.55 in pre-market trading today. The company reported total revenue of $116.4 million in Q1 Fiscal 2022, an increase of 152% from the first quarter of fiscal 2021.
Datadog Inc. (DDOG), a Software - Application company, rose about 17.4% at $196.0 in pre-market trading Friday after reporting revenue of $270.5 million in Q3 2021, an increase of 75% year-over-year.
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Top Upgrades & Downgrades
JP Morgan turned bullish on Sarepta Therapeutics Inc. (SRPT), upgrading the stock to "Overweight" and assigning a $130 price target, representing potential upside of 49.48% from Thursday's close.
QUALCOMM Incorporated (QCOM) has won the favor of DZ Bank's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $168.00, suggesting 7.62% additional upside for the stock.
GlaxoSmithKline plc (GSK) received an upgrade from analysts at Barclays. They changed their rating on GSK to Equal-Weight from Underweight in a recently issued research note.
Earlier Friday Piper Sandler reduced its rating on B&G Foods Inc. (BGS) stock to Underweight from Neutral and assigned the price target to $27.00.
Exane BNP Paribas analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Peloton Interactive Inc. (PTON) has been changed to Neutral from Outperform and the new price target is set at $89.00.
Analysts at BTIG downgraded Nikola Corporation (NKLA)'s stock to Neutral from Buy Friday.
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Latest Insider Activity
Moderna Inc. (MRNA) President Hoge Stephen announced the sale of shares taking place on Nov 03 at $350.00 for some 10,000 shares. The total came to more than $3.5 million.
Square Inc. (SQ) Cash App Lead Grassadonia Brian sold on Nov 02 a total of 80,419 shares at $251.02 on average. The insider’s sale generated proceeds of almost $0.98 million.
Exxon Mobil Corporation (XOM) Director Angelakis Michael J declared the purchase of shares taking place on Nov 03 at $64.00 for some 5,000 shares. The transaction amount was around $0.32 million.
Fiserv Inc. (FISV) Director OLEARY DENIS bought on Nov 01 a total 105,173 shares at $99.35 on average. The purchase cost the insider an estimated $1.56 million.
HUGE- This Junior Gold Miner is Ready to Drill This Junior Gold Miner is ready to get the drills turning on their Newfoundland gold mines. This will happen end of Nov or early December. The stock has a small float of 33.07M and 9.56% of shares held by insiders. Meaning that on any semblance of good news for gold, the stock could move and move furiously
Important Earnings
Top US earnings releases scheduled for today include Enbridge Inc. (NYSE:ENB). It will announce its Sep 2021 financial results. The company is expected to report earnings of $0.46 per share from revenues of $8.07B in the three-month period.
Analysts expect Dominion Energy Inc. (NYSE:D) to report a net income (adjusted) of $1.06 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2021 is predicted to come in at $3.96B.
Johnson Controls International plc (JCI), due to announce earnings before the market opens today, is expected to report earnings of $0.76 per share from revenues of $5.52B recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
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