13 apr - morning newsletter

Good Morning

The stock exchanges on Wall Street did not move far from their place yesterday. The S&P 500 closed 0.02% lower at 4,127 points and the Nasdaq closed 0.36% lower at 13,850 points. Investors are clearly in anticipation of the quarterly earnings season and other macroeconomic data. Alibaba stole the show with an increase of over 9% and GameStop was the bitten dog with a decrease of 10.91%.

Market volatility has declined markedly in recent weeks in the run-up to the quarterly earnings season. Tomorrow afternoon, the major US banks will announce the results for the 1st quarter of this year. The interest rates on the bond markets also show that investors have come to rest for a while. The US 10-year interest rate has been stable at around 1.70% for several weeks.

This afternoon at 2:30 PM, the inflation figures from the United States are being watched. Economists expect an increase of 0.5% on a monthly basis and of no less than 2.5% on an annual basis. However, investors don't have to worry about higher inflation. Both the Fed and the US government continue to proclaim that this inflation peak will be temporary. The difference in prices is so big, as a result of comparisons with the period of the lockdowns of last year. While there is precisely extra consumer spending, as a result of incentive checks and so-called catch-up demand.

Urgent Cryptocurrency Pre-IPO: One global crypto exchange is preparing to IPO. Top venture funds and hedge funds are investing +$500 million. The stock could surge 352% after the IPO.

Go here for urgent crypto Pre-IPO details.

Today Top Movers

Dragon Victory International Limited (LYL) stock soared 46.48% to $2.08 in the pre-market trading.

Mackinac Financial Corporation (NASDAQ: MFNC) shares are trading up 29.69% at $17.08 at the time of writing after the announcement of a definitive merger agreement with Nicolet Bankshares.

Riot Blockchain Inc. (RIOT) grew over 7.74% at $55.52 in pre-market trading today after declaring March production and operations updates.

Aurora Mobile Limited (JG), a Software - Application company, rose about 2.01% at $3.56 in pre-market trading Tuesday after the company revealed partnership deal with Ride-hailing Platform Yivi.

Free Report: Five Tech Companies With Major Upside PotentialWhen it comes to investing, one of your top goals has been to achieve financial freedom.To help, we put together a list of five of the top stocks - with a focus on technology - we believe could double, if not triple your money over the next year with minimal risk.Click Here to Download the FREE Report

Top Upgrades & Downgrades

Keybanc turned bullish on FedEx Corporation (FDX), upgrading the stock to "Overweight" and assigning a $350.0 price target, representing potential upside of 20.37% from Monday's close.

The Mosaic Company (MOS) has won the favor of Berenberg's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $40.

CommScope Holding Company Inc. (COMM) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $21.0. They changed their rating on COMM to Buy from Hold in a recently issued research note.

Earlier Tuesday BTIG reduced its rating on iRhythm Technologies Inc. (IRTC) stock to Neutral from Buy.

BTIG analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Luminex Corporation (LMNX) has been changed to Neutral from Buy.

Analysts at Wedbush downgraded Nuance Communications Inc. (NUAN)'s stock to Neutral from Outperform Tuesday.

Exclusive 1-Day Offer: 100% OFF TrainingIt's time to give your trading an edge by using artificial intelligence. So if you've been considering joining our family of A.I. traders, your timing is excellent. Our experts at VantagePoint are taking the first 200 registrants, at no cost, to join us LIVE in an online training room where we will demonstrate the A.I. on a stock of your choosing.

Save your seat here.

Latest Insider Activity

Marathon Digital Holdings Inc. (MARA) CHIEF FINANCIAL OFFICER Salzman Simeon announced the sale of shares taking place on Apr 05 at $53.38 for some 15,000 shares. The total came to more than $0.8 million.

Applied Materials Inc. (AMAT) President and CEO DICKERSON GARY E sold on Apr 09 a total 2,361,613 shares at $140.00 on average. The insider’s sale generated proceeds of almost $14.73 million.

Athenex Inc. (ATNX) Director CAMPBELL KIM declared the purchase of shares taking place on Apr 05 at $4.42 for some 8,250 shares. The transaction amount was around $36465.0.

Consolidated Edison Inc. (ED) Retired Officer Muccilo Robert bought on Mar 31 a total 8,009 shares at $74.80 on average. The purchase cost the insider an estimated $6,819.

Option Trader's Hot List Plus Three Top StrategiesYou'll receive our private Hot List of top stocks (several surprising names), plus the three options strategies we have used every day for years to trade options on these stocks.Click Here and Download Your Free Option Trader's Hot List

Important Earnings

Top US earnings releases scheduled for today include Washington Federal Inc. (NASDAQ:WAFD). It will announce its Mar 2021 financial results. The company is expected to report earnings of $0.48 per share from revenues of $120.61M in the three-month period.

Analysts expect Fastenal Company (NASDAQ:FAST) to report a net income (adjusted) of $0.36 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2021 is predicted to come in at $1.42B.

SeaChange International Inc. (SEAC), due to announce earnings after the market closes today, is expected to report earnings of -$0.1 per share from revenues of $4.63M recently concluded three-month period.

That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph 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.