- Stocks Telegraph
- Posts
- 09 Aug - NH - Morning Newsletter
09 Aug - NH - Morning Newsletter
4 Stocks Rallying to Start the Week
Good Morning!
Stock markets closed higher on Friday. The Dow Jones index closed 0.41% higher, while the Nasdaq closed 0.40% lower at 14,835 points. The S&P 500 showed little movement, the index rose 0.17% to 4,436 points . Investors reacted positively to the strong US government jobs report. In the month of July, 943,000 jobs were added, which was more than the average expectation of 845,000 jobs. As a result, the unemployment rate fell to 5.4%, better than the 5.7% forecasted.Stocks benefiting from a stronger economy clearly benefited. Carnival cruise line was up 2.35% and Delta Airlines was up 0.83%. The US 10-year yield also rose above 1.3%, following the better-than-expected jobs report. Bank shares benefited significantly from this; Goldman Sachs rose 3.54% and Bank of America gained 2.90%. Technology stocks, on the other hand, fell back due to the rise in interest rates. Rising interest rates mean that the future profits of growth stocks are lower. However, signs of a strong economic recovery could prompt the Federal Reserve to scale back accommodative monetary policy sooner. Investors may therefore need to prepare for the phasing out of the bond buying program.
3 Stocks to Own for the $12 Trillion 5G BoomAfter years of development, 5G infrastructure is finally getting rolled out across the United States.2021 could be the last year for investors to get in early on stocks powering this $12 trillion revolution.Eric Fry just named 3 stocks for investors to own for the coming 5G boom in a new free report.
Today Top Movers
Windtree Therapeutics Inc. (WINT) stock soared 41.99% to $2.57 in the pre-market trading. The company recently reported second-quarter 2021 financial results and provided key business updates.
Select Interior Concepts Inc. (NASDAQ: SIC) shares are trading up 28.16% at $14.11 at the time of writing after announcing that it has entered into a definitive agreement under which an affiliate of Sun Capital Partners, Inc. will acquire Select Interior Concepts for approximately $411 million in an all-cash transaction.
Epizyme Inc. (EPZM) grew over 15.92% at $7.5 in pre-market trading today after declaring strategic collaboration with HUTCHMED to develop and commercialize TAZVERIK (tazemetostat) in Greater China.
Bitfarms Ltd. (BITF), a Capital Markets company, rose about 21.01% at $7.2 in pre-market trading Monday after announcing a Bitcoin production update.
Two Powerful Stocks + One Killer Options Strategy For the first time, we reveal our options trading "Dynamic Duo." Get our two most consistent stocks to trade, plus our top options strategy that generates one-day options trades. See how to combine forces for a perfect trading dynamic duo. Trade today, exit tomorrow.
Top Upgrades & Downgrades
BMO Capital turned bullish on Advanced Micro Devices Inc. (AMD), upgrading the stock to Market Perform and assigning a $110.00 price target.
Tesla Inc. (TSLA) has won the favor of Jefferies's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $850.00, suggesting 21.58% additional upside for the stock.
FTS International, Inc. (FTSI) received an upgrade from analysts at Stifel, who also set their one-year price target on the stock to $32.00. They changed their rating on FTSI to Buy from Hold in a recently issued research note.
Earlier Monday Citigroup reduced its rating on Dicerna Pharmaceuticals Inc. (DRNA) stock to Neutral from Buy and assigned the price target to $32.00.
Keybanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Werner Enterprises Inc. (WERN) has been changed to Sector Weight.
Analysts at Keybanc downgraded Marten Transport Ltd. (MRTN)'s stock to Sector Weight from Overweight Monday.
Finally, a One Stop Shop to Futures Trading Whether you’re a novice, expert, or somewhere in between, this guide has something for everybody. Learn everything from the basics of futures trading to advanced technical trading tactics and strategy. This guide will help turn you into a well-rounded and complete trader!Download Your Complimentary Technical Analysis Guide TODAY!
Latest Insider Activity
Eton Pharmaceuticals Inc. (ETON) 10% Owner Opaleye Management Inc. announced the sale of shares taking place on Aug 06 at $5.84 for some 345,000 shares. The total came to more than $2.01 million.
Nikola Corporation (NKLA) 10% Owner Milton Trevor R. sold on Aug 06 a total 1,250,000 shares at $10.05 on average. The insider’s sale generated proceeds of almost $24.09 million.
Marin Software Incorporated (MRIN) EVP, Product and Technology Walcott Wister declared the purchase of shares taking place on Aug 05 at $6.00 for some 6,000 shares. The transaction amount was around $36,000.
Bright Health Group Inc. (BHG) Director Kadre Manuel bought on Aug 04 a total 50,000 shares at $8.65 on average. The purchase cost the insider an estimated $432,500.
How To Use Technical Indicators (The Right Way)Predictive analysis is revolutionizing the trading space as we know it. With high-accuracy forecasting, traders can dodge losses and squeeze the most out of gains.Our experts want to empower you with the knowledge and education to trade intelligently. Check out today's deep dive into cutting-edge, predictive technical indicators to see the tricks and tips you may not know about.
Important Earnings
Top US earnings releases scheduled for today include AMC Entertainment Holdings Inc. (NYSE:AMC). It will announce its Jun 2021 financial results. The company is expected to report earnings of -$0.93 per share from revenues of $375.28M in the three-month period.
Analysts expect Inovio Pharmaceuticals Inc. (NASDAQ:INO) to report a net income (adjusted) of -$0.25 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2021 is predicted to come in at $1.21M.
SmileDirectClub Inc. (SDC), due to announce earnings after the market closes today, is expected to report earnings of -$0.1 per share from revenues of $198.45M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,News Heater Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.