16 June - NH - Morning Newsletter

Good Morning!

The S&P 500 fell 0.20% to close the day at 4,246 points. Strongest stock from the S&P was Diamond Energy, up more than 5%. The technology index Nasdaq 100 also took a step back after reaching a new record price. Yesterday, the Nasdaq 100 closed the day with a red 0.69%. Strongholder was Micron Technology with an increase of 2.10 %. Last but not least, the Dow Jones Industrial Average. The oldest US stock index lost 0.27%. The Dow has been declining for several days. The index is clearly waiting for a new trigger to start the next move. The oil price continues its upward trend after the release of the US inventory data API. Oil inventories have fallen by more than 22 million barrels since early 2021. This indicates a rising demand as supply has been systematically kept low by OPEC+. Light Sweet Crude Oil rose 1.75% yesterday and is up 0.53% again tonight. 

Profit-Alert: Tiny Gold Firm Hits Paydirt Next to Industry Giants Smart investors are loading up on a tiny gold exploration firm - trading below 50 cents a share - that's developing not one but two gold projects in Nevada's famed Carlin Trend. Its flagship project is right next door to a giant discovery by industry behemoths Barrick and Newmont. With multiple drill rigs and nearly half a million ounces already discovered, 10-fold upside may prove conservative.Learn more here...

Today Top Movers

Kindred Biosciences Inc. (KIN) stock surged 44.79% to $9.18 in the pre-market trading after Elanco announced an agreement to acquire Kindred Biosciences.

MannKind Corporation (NASDAQ: MNKD) shares are trading up 19.51% at $4.9 at the time of writing. MannKind and United Therapeutics achieved a major milestone in the development of Tyvaso DPI™ with new drug application acceptance from the FDA.

Forward Industries Inc. (FORD) grew over 26.37% at $3.45 in pre-market trading today after declaring U.S. Distribution agreement with Chipolo.

Greenland Technologies Holding Corporation (GTEC), a Specialty Industrial Machinery company, rose about 26.73% at $11.52 in pre-market trading Wednesday after launching EV Pre-Booking.

The #1 trading strategy of 2021Is buying and holdings stocks dead?World economist Harry Dent says YES.Here's what Warren Buffet and Robert Kiyosaki advise people to do instead

Learn more here.

Top Upgrades & Downgrades

Wolfe Research turned bullish on Royal Caribbean Group (RCL), upgrading the stock to Outperform from Peer Perform.

Norwegian Cruise Line Holdings Ltd. (NCLH) has won the favor of Wolfe Research's equity research team. The firm upgraded the shares from Peer Perform to Outperform.

Carnival Corporation & plc (CCL) received an upgrade from analysts at Wolfe Research. They changed their rating on CCL to Outperform from Peer Perform in a recently issued research note.

Earlier Wednesday Needham reduced its rating on Guidewire Software Inc. (GWRE) stock to Hold from Buy.

Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for 17 Education & Technology Group Inc. (YQ) has been changed to Underweight from Overweight and the new price target is set at $3.

Analysts at JPMorgan downgraded United States Steel Corporation (X)'s stock to Underweight from Neutral Wednesday.

How to Make Money With Options, Detailed Here...Simple Options Trading for Beginners retails on Amazon for $19.95 and has 4 out of 5 stars. It was written by a stock market trading veteran with over 44 years of experience. Because of a special promotion, this book is 100% FREE for you today.So get it here now...

Latest Insider Activity

Nikola Corporation (NKLA) President, Energy & Commercial Koziner Pablo M. announced the sale of shares taking place on Jun 11 at $16.93 for some 16,990 shares. The total came to more than $0.29 million.

RAPT Therapeutics Inc. (RAPT) Chief Scientific Officer Brockstedt Dirk G. sold on Jun 11 a total 19,812 shares at $18.55 on average. The insider’s sale generated proceeds of almost $49102.0.

New York Community Bancorp Inc. (NYCB) Director Dahya Hanif declared the purchase of shares taking place on Jun 15 at $11.91 for some 20,000 shares. The transaction amount was around $0.24 million.

Marqeta Inc. (MQ) 10% Owner ICONIQ Strategic Partners III, bought on Jun 11 a total 153,051 shares at $27.00 on average. The purchase cost the insider an estimated $8.0 million.

Hidden Income 'hack' This hidden income strategy was just leaked and it can be yours now. It goes in depth about how you can start off with a small account and turn that into your own weekly paycheck. Learn how you can GAIN that extra advantage over what others aren't doing.Click here to get this secret

Important Earnings

Top US earnings releases scheduled for today include Lennar Corporation (NYSE:LEN). It will announce its May 2021 financial results. The company is expected to report earnings of $2.36 per share from revenues of $5.91B in the three-month period.

Analysts expect Centogene N.V. (NASDAQ:CNTG) to report a net income (adjusted) of $0.05 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2021 is predicted to come in at $71.68M.

Culp Inc. (CULP), due to announce earnings after the market closes today, is expected to report earnings of $0.08 per share from revenues of $66.15M 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.