19 Jul - morning newsletter

These 4 Stocks are Set to Rally Today

July 19, 2021

Good Morning!

Key US stock index futures were down on Monday amid concerns about the spread of the coronavirus delta strain, trading data showed.Futures on the Dow Jones Industrial Average (DJIA) fell by 1.08% to 34195 points, on the NASDAQ high-tech index - by 0.41% to 14612.6 points, futures on the broad market S&P 500 index - by 0.77%, to 4285.62 points.Credit Agricole strategists, quoted by Bloomberg, believe the risk aversion reflects growing concern about the delta strain as infections rise worldwide.The spread of the coronavirus in many parts of the world is causing investors to lower their expectations about the prospects for a robust economic recovery in the coming months.

Top 5 Tech Stocks for the 2nd Half of 2021 All Investors Should ConsiderJust when many investors all but ruled out tech stocks, they coming storming back. The choppy tech market has created buying opportunities for patient investors. So, it stands to reason investors could ideally be able to generate above-market returns with below-market risk. We put together a report with five of the top tech stocks that we believe have the potential to add significant returns to portfolios.

Today Top Movers

Retail Properties of America Inc. (RPAI) stock soared 9.11% to $12.57 in the pre-market trading after announcing a definitive merger agreement with Kite Realty Group Trust (NYSE: KRG), under which RPAI would merge into a subsidiary of KRG.

Five9 Inc. (NASDAQ: FIVN) shares are trading up 8.39% at $192.5 at the time of writing after the announcement that Zoom Video Communications Inc., agreed to acquire Five9 Inc. for $14.7 billion,

Support.com Inc. (SPRT) grew over 5.76% at $4.22 in pre-market trading today. The stock of Support.com, (SPRT) is up as evidenced by the fact that the company has its annual shareholder meeting later on today.

ECMOHO Limited (MOHO), a Specialty Retail company, rose about 1.34% at $1.51 in pre-market trading Monday after declaring a strategic cooperation agreement with South Korean ChongKunDang Group to establish the distribution of high-end health foods.

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Top Upgrades & Downgrades

Raymond James turned bullish on Investors Real Estate Trust (CSR), upgrading the stock to Market Perform from Underperform.

Ovintiv Inc. (OVV) has won the favor of Credit Suisse's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $38.00, suggesting 45.59% additional upside for the stock.

Range Resources Corporation (RRC) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $16.00. They changed their rating on RRC to Neutral from Underperform in a recently issued research note.

Earlier Monday Goldman Sachs reduced its rating on Apria Inc. (APR) stock to Neutral from Buy and assigned the price target to $29.00.

Analysts at SVB Leerink downgraded Teleflex Incorporated (TFX)'s stock to Market Perform from Outperform Monday.

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Latest Insider Activity

Ciena Corporation (CIEN) Sr. VP, General Counsel Rothenstein David M announced the sale of shares taking place on Jul 15 at $56.70 for some 2,500 shares. The total came to more than $0.14 million.

DoorDash Inc. (DASH) Director Fang Andy sold on Jul 15 a total 96,475 shares at $168.16 on average. The insider’s sale generated proceeds of almost $6.73 million.

Ault Global Holdings Inc. (DPW) Executive Chairman AULT MILTON C III declared the purchase of shares taking place on Jul 16 at $2.23 for some 16,000 shares. The transaction amount was around $35677.0.

Ring Energy Inc. (REI) 10% Owner Kruse William R bought on Jul 15 a total 11,575,682 shares at $2.69 on average. The purchase cost the insider an estimated $833,900.

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Important Earnings

Top US earnings releases scheduled for today include Zions Bancorporation National Association (NASDAQ:ZION). It will announce its Jun 2021 financial results. The company is expected to report earnings of $1.29 per share from revenues of $711.55M in the three-month period.

Analysts expect Steel Dynamics Inc. (NASDAQ:STLD) to report a net income (adjusted) of $3.42 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2021 is predicted to come in at $4.22B.

International Business Machines Corporation (IBM), due to announce earnings after the market closes today, is expected to report earnings of $2.29 per share from revenues of $18.29B 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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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.