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- 13 Sep - NH - Morning Newsletter (with changes)
13 Sep - NH - Morning Newsletter (with changes)
Watch These 4 Top Trending Stocks
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Good Morning!
In the US, it was red across the board last Friday. The S&P 500 fell 0.77% to 4,458 points. Strongholder of the broad stock index was Nov Inc with a daily result of plus 2.9%. Technology exchange Nasdaq Composite shrank 0.87% to 15,115 points. The strongest technology stock was Peloton Interactive, up 6.83%. The Dow was not spared and also lost 0.78 % and had a closing price of 34,607 points. Intel was the best performing stock in the Dow Jones Industrial Average with plus 0.82% on the boards. Furthermore, the Democratic party in the US is said to be working out plans to raise the top corporate tax bracket to 26.5%, along with additional taxes on cryptocurrencies, which should allow it to fund Biden's $3.5 trillion economic plan. .The American investment company Blackstone Group has also withdrawn a takeover bid for Soho China. Soho China is one of the largest construction developers in the country and would first be acquired at a price that was 30% above the stock market value. Blackstone has now withdrawn the offer as insufficient progress has been made . This is partly due to the procrastination of the Chinese government.
Top 5 tech stocks for the rest of 2021According to CNBC, "Tech would be the best sector in the third quarter.” CNBC went on to explain that these wealthy, veteran investors "remain convinced... in the opportunity to chase profits in the tech sector." But what opportunities are worth chasing with the best chance of producing profits?
Today Top Movers
Itamar Medical Ltd. (ITMR) stock soared 43.41% to $29.6 in the pre-market trading after Zoll Medical signed agreement to acquire Itamar Medical for $31/ADS in cash.
Leap Therapeutics Inc. (NASDAQ: LPTX) shares are trading up 25.34% at $1.83 at the time of writing after announcing that it will present new data from the DisTinGuish study of DKN-01 Plus Tislelizumab at the ESMO 2021 Congress.
Hepion Pharmaceuticals Inc. (HEPA) grew over 15.66% at $1.92 in pre-market trading today.
Cyren Ltd. (CYRN), a Software - Infrastructure company, rose about 25.0% at $0.75 in pre-market trading Monday.
New Uranium Stock Set to Blow Away All Previous Profit RecordsClean-tech stocks are going ballistic as Biden puts the clamps on oil drilling and fracking. Individual investors, just like you, stand to make millions in stock profits simply by buying the best stocks in the uranium space like this one: At just $2 per share, it's the only publicly traded company that stands to make an absolute fortune on clean energy sources without actually producing any.More details here...
Top Upgrades & Downgrades
BMO Capital turned bullish on The Carlyle Group Inc. (CG), upgrading the stock to Outperform and assigning a $65.00 price target, representing potential upside of 33.17% from Friday's close.
Revolve Group Inc. (RVLV) 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 $80.00, suggesting 27.98% additional upside for the stock.
NGM Biopharmaceuticals Inc. (NGM) received an upgrade from analysts at Raymond James, who also set their one-year price target on the stock to $39.00. They changed their rating on NGM to Strong Buy from Outperform in a recently issued research note.
Earlier Monday Goldman Sachs reduced its rating on Veeco Instruments Inc. (VECO) stock to Neutral from Buy and assigned the price target to $26.00.
JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Vertiv Holdings Co (VRT) has been changed to Neutral from Overweight and the new price target is set at $25.00.
Analysts at Morgan Stanley downgraded Physicians Realty Trust (DOC)'s stock to Equal-Weight from Overweight Monday.
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Latest Insider Activity
Option Care Health Inc. (OPCH) Director MADISON DEARBORN PARTNERS LLC announced the sale of shares taking place on Sep 09 at $26.90 for some 9,200,000 shares. The total came to more than $247.48 million.
Magnite Inc. (MGNI) General Counsel Saltz Aaron sold on Sep 10 a total 266,478 shares at $30.21 on average. The insider’s sale generated proceeds of almost $1.21 million.
Asana Inc. (ASAN) President, CEO, & Chair Moskovitz Dustin A. declared the purchase of shares taking place on Sep 10 at $99.84 for some 250,000 shares. The transaction amount was around $24.96 million.
Alset EHome International Inc. (AEI) Director Chan Heng Fai Ambrose bought on Sep 08 a total 22,191,755 shares at $1.23 on average. The purchase cost the insider an estimated $15.0 million.
#1 Gold Royalty Stock in New Gold Bull Market Revealed Gold is screaming higher and smart investors are Cashing-In on the #1 Gold Investment of 2021-22. Yet, you haven't missed the boat! Trading below $5 per share, it's a leaner, more nimble breed of gold royalty firm. It receives a cut of global gold production without ANY of the risks, or costs, of operating a mine. Its shares would have to rise nearly 100X to match similar predecessor companies.Learn more here...
Important Earnings
Top US earnings releases scheduled for today include Oracle Corporation (NYSE:ORCL). It will announce its Aug 2021 financial results. The company is expected to report earnings of $0.97 per share from revenues of $9.77B in the three-month period.
Analysts expect SeaChange International Inc. (NASDAQ:SEAC) to report a net income (adjusted) of -$0.09 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jul 2021 is predicted to come in at $5.02M.
Mission Produce Inc. (AVO), due to announce earnings after the market closes today, is expected to report earnings of $0.29 per share from revenues of $246.37M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,News Heater Team
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