18 may - morning newsletter

4 Hot Stocks for Tuesday Trading

May 18, 2021

Good Morning!

The S&P 500 closed 0.25% lower at 4,163 points yesterday. Technology index Nasdaq 100 closed 0.60% lower at 13,313 points. The best and worst stock from the Nasdaq 100 were Western Digital and Comcast, respectively. While the Dow Jones also lost 0.16%, eventually closing at 34,327 points. The strongest stock in the Dow was Merck & Co, while Walt Disney was the weakest stock.During the night the American indices have risen nicely again. The ES future (S&P 500) is 0.33% higher, while the future on the Nasdaq 100, NQ future, is 0.59% higher. The gradual opening of the economy seems to be fueling risk-on sentiment, and this is not only reflected in the US indices.

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Today Top Movers

Stealth BioTherapeutics Corp (MITO) stock soared 30.25% to $1.55 in the pre-market trading following announcement of an agreement with Morningside Ventures for Morningside to provide $30 million of additional payments to the Company during 2021 under its existing Development Funding Agreement.

Ultralife Corporation (NASDAQ: ULBI) shares are trading up 28.67% at $10.95 at the time of writing following the receipt of IDIQ contract under U.S. Army’s $1.25B conformal wearable battery program.

ToughBuilt Industries Inc. (TBLT) grew over 24.62% at $0.81 in pre-market trading today. The company released its first quarter 2021 results, reporting an increase of 214% to $12.3 million in revenues, compared to $3.9 million in the first quarter of 2020.

XpresSpa Group Inc. (XSPA), a Personal Services company, rose about 11.57% at $1.35 in pre-market trading Tuesday after providing a business update and reporting first quarter 2021 financial results.

Profit on the Global EV Boom with This #1 InvestmentInvestors are making an absolute killing on the global Electric Vehicle (EV) boom by investing directly in the world's future suppliers of lithium, aka the "white petroleum.” The global lithium battery market is now on pace to eclipse $100 Billion by 2024. Here's a US$0.15 stock that just secured a major lithium asset in a mining region responsible for half of our planet's lithium production.

Top Upgrades & Downgrades

Citi turned bullish on MediaAlpha Inc. (MAX), upgrading the stock to "Buy" and assigning a $45 price target.

Snowflake Inc. (SNOW) has won the favor of Rosenblatt's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $285.

The Gap Inc. (GPS) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $23. They changed their rating on GPS to Neutral from Underperform in a recently issued research note.

Earlier Tuesday Goldman Sachs reduced its rating on ADTRAN Inc. (ADTN) stock to Neutral from Buy and assigned the price target to $20.

BofA analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Altice USA Inc. (ATUS) has been changed to Underperform from Neutral and the new price target is set at $38.

Analysts at National Bank downgraded Canadian Pacific Railway Limited (CP)'s stock to Sector Perform from Outperform Tuesday.

The Top 5 Biotech Stocks That Could Double in 2021There's plenty of growth in store for biotech. By 2025, the sector could explode to a value of $720 billion, says Global Market Insights. All thanks to sizable near-term catalysts, including greater demand for better care and innovation, sizable demand for a vaccine, and an aging population of millions. In this free report, we detail five of the "must own" stocks every investor should consider immediately.

Latest Insider Activity

AMC Entertainment Holdings Inc. (AMC) Director PAWLUS KATHLEEN M announced the sale of shares taking place on May 14 at $13.87 for some 14,495 shares. The total came to more than $0.2 million.

Palantir Technologies Inc. (PLTR) Taylor Ryan D. sold on May 13 a total 1,419,026 shares at $18.61 on average. The insider’s sale generated proceeds of almost $11554.0.

Juniper Networks Inc. (JNPR) Director DelSanto Anne declared the purchase of shares taking place on Mar 22 at $24.96 for some 14 shares. The transaction amount was around $339.0.

Velodyne Lidar Inc. (VLDR) Director Zarringhalam Hamid bought on May 13 a total 2,500 shares at $9.14 on average. The purchase cost the insider an estimated $22,850.

Investors Get Green-Light on US$0.25 Per Share Uranium StockUranium prices are on a tear amid global mine shutdowns in the face of the coronavirus pandemic which has now forced nearly 50% of global uranium production offline. Select US uranium stocks are poised to deliver big gains to investors. Here's a little-known company that has quietly amassed over 45 million lbs of high-grade uranium resources - all on US soil - and trading below US$0.25 per share.More details here...

Important Earnings

Top US earnings releases scheduled for today include Trip.com Group Limited (NASDAQ:TCOM). It will announce its Mar 2021 financial results. The company is expected to report earnings of -$0.33 per share from revenues of $462.83M in the three-month period.

Analysts expect Qualigen Therapeutics Inc. (NASDAQ:QLGN) to report a net income (adjusted) of -$0.13 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2021 is predicted to come in at $2M.

Take-Two Interactive Software Inc. (TTWO), due to announce earnings after the market closes today, is expected to report earnings of $0.67 per share from revenues of $664M 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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