18 Nov - NH - Morning Newsletter (with changes)

4 Must-Watch Stocks for Today

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Good Morning!

US stock indices declined on Wednesday after the release of reports from large retailers such as Target, TJX Cos. and Lowe's.The S&P 500 fell 0.3%, or 12.23 points, to 4688.67 points, while closing higher on Tuesday. The Dow Jones Industrial Average fell 0.3%, or 52.28 points, to 15921.57 points, while the Nasdaq Composite fell 0.6%, or 211.17 points, to 35931.05 points.Visa Inc. fell 4.7% after Amazon.com Inc. said it would stop accepting credit card companies in the UK due to high fees.Tesla shares are up 3.3%. CEO Elon Musk sold an additional 934,000 shares on Tuesday for about $ 973 million, filings with the Securities and Exchange Commission showed.

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Today Top Movers

Calithera Biosciences Inc. (CALA) stock soared 22.38% to $1.12 in the pre-market trading as Susan Molineaux, Ph.D., the company’s founder, president and chief executive officer, will present at the 2021 Jefferies London Healthcare Conference today.

BM Technologies Inc. (AMEX: BMTX) shares are trading up 12.7% at $14.55 at the time of writing. The company recently announced the signing of a definitive agreement to merge with First Sound Bank (OTCPK: FSWA).

Cloopen Group Holding Limited (RAAS) grew over 12.35% at $4.73 in pre-market trading today after declaring its unaudited financial results for the third quarter ended September 30, 2021.

Virtuoso Acquisition Corp. (VOSO)is up 17.06% to $11.80 in premarket today after receiving approval of proposed merger with Wejo from its stockholders.

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Top Upgrades & Downgrades

Evercore ISI Group turned bullish on The Hain Celestial Group Inc. (HAIN), upgrading the stock to Outperform and assigning a $48.00 price target, representing a potential upside of 17.7% from Wednesday's close.

GoPro Inc. (GPRO) has won the favor of JP Morgan's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $15.00, suggesting 29.87% additional upside for the stock.

The Boeing Company (BA) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $275.00. They changed their rating on BA to Overweight from Neutral in a recently issued research note.

Earlier Thursday SVB Leerink reduced its rating on Atea Pharmaceuticals Inc. (AVIR) stock to Market Perform from Outperform and assigned the price target to $11.

B of A Securities analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Banco Santander Mexico SA ADR (BSMX) has been changed to Underperform from Buy and the new price target is set at $7.00.

Analysts at JP Morgan downgraded Activision Blizzard Inc. (ATVI)'s stock to Neutral from Overweight Thursday.

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Latest Insider Activity

Roblox Corporation (RBLX) CMKtg & People Exper Officer Messing Barbara announced the sale of shares taking place on Nov 17 at $125.00 for some 43,958 shares. The total came to more than $5.49 million.

Peloton Interactive Inc. (PTON) Chief Accounting Officer Klingsick Allen J sold on Nov 16 a total 13,803 shares at $53.11 on average. The insider’s sale generated proceeds of almost $0.13 million.

Fisker Inc. (FSR) Director Hickson Mark E declared the purchase of shares taking place on Nov 17 at $22.84 for some 10,900 shares. The transaction amount was around $0.25 million.

PayPal Holdings Inc. (PYPL) Director Donahoe John J bought on Nov 09 a total 67,750 shares at $204.42 on average. The purchase cost the insider an estimated $2.0 million.

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Important Earnings

Top US earnings releases scheduled for today include Applied Materials Inc. (NASDAQ:AMAT). It will announce its Oct 2021 financial results. The company is expected to report earnings of $1.95 per share from revenues of $6.34B in the three-month period.

Analysts expect Farfetch Limited (NYSE:FTCH) 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 Sep 2021 is predicted to come in at $591.34M.

Nuance Communications Inc. (NUAN), due to announce earnings after the market closes today, is expected to report earnings of $0.18 per share from revenues of $352.9M 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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