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2 Jul - morning newsletter
4 Hot Stocks You Don't Want to Miss Today
Good Morning!
Investors have had an excellent first half of the year. The S&P 500 rose more than 14% during the first six months and the Nasdaq also managed to gain 13% after a strong catch up. Wall Street is also off to a good start in the second half of the year, in which the S&P 500 again set a new record on the price boards. The S&P 500 closed 0.52% higher at 4,319 and even appears to be starting to accelerate again. The Nasdaq stalled, closing just 0.13% higher at 14,522 points.The jobless claims figures showed that 364,000 applications were made for unemployment benefits last week, down 51,000 from a week earlier. It seems that the US labor market is continuing to recover. On Wednesday, the figures from payslip processor ADP also showed that more jobs have been created than analysts had expected.The US government will release official job numbers later today. Economists expect non-farm payrolls to grow by 706,000 jobs in June and the unemployment rate to fall from 5.8% to 5.6%. If so, that's a big boost after the mediocre jobs report from May, when only 559,000 jobs were added.
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Today Top Movers
TAT Technologies Ltd. (TATT) stock soared 41.77% to $8.4 in the pre-market trading after reporting a new MRO partnership with Honeywell.
Virgin Galactic Holdings Inc. (NYSE: SPCE) shares are trading up 27.71% at $55.16 at the time of writing after the company told that it will launch Richard Branson to space on July 11.
Marin Software Incorporated (MRIN) grew over 20.29% at $18.14 in pre-market trading today. The company recently declared that it has added the ability to manage Instacart Ads to its flagship MarinOne platform.
Allied Esports Entertainment Inc. (AESE), an entertainment company, rose about 18.3% at $2.65 in pre-market trading Friday after its subsidiary Allied Esports launched AE Studios to expand original content development and production services.
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Top Upgrades & Downgrades
Kepler Cheuvreux turned bullish on ABB Ltd (ABB), upgrading the stock to "Buy" from Hold.
National Storage Affiliates Trust (NSA) has won the favor of Baird's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $54.00.
Earlier Friday CL King reduced its rating on Welbilt Inc (WBT) stock to Neutral from Buy.
Evercore ISI Group analysts reduced their investment ratings, saying in research reports covered by the media that its rating for ContextLogic Inc (WISH) has been changed to In-Line from Outperform and the new price target is set at $13.
Analysts at Barclays downgraded Keysight Technologies Inc (KEYS)'s stock to Equal-Weight from Overweight Friday.
Gold Discovery: Tiny Sub-$0.25 Stock Set to Deliver GainsGold's dramatic bull run from $1,500 to $1,950 an ounce is only just getting started - which means you haven't missed the boat. Here's an ultra-low-priced gold stock you can buy now below US$0.15 per share that's hitting high-grade gold intercepts in its current drill program in one of Canada's richest mineral belts.Now's the time to buy before additional drill holes are released.
Latest Insider Activity
Anavex Life Sciences Corp. (AVXL) PFO and Treasurer Boenisch Sandra announced the sale of shares taking place on Jun 29 at $26.53 for some 166,696 shares. The total came to more than $4.42 million.
Workday Inc. (WDAY) Director DUFFIELD DAVID A sold on Jun 15 a total 217,800 shares at $231.29 on average. The insider’s sale generated proceeds of almost $25.19 million.
Alzamend Neuro Inc. (ALZN) 10% Owner AULT MILTON C III declared the purchase of shares taking place on Jun 29 at $9.83 for some 1,300 shares. The transaction amount was around $12784.0.
CEL-SCI Corporation (CVM) Director YOUNG PETER R bought on Jun 28 a total 28,914 shares at $12.66 on average. The purchase cost the insider an estimated $37,971.
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Important Earnings
Top US earnings releases scheduled for today and Tuesday include The Alkaline Water Company Inc. (NASDAQ:WTER). It will announce its Mar 2021financial results. The company is expected to report earnings of -$0.05 per share from revenues of $13M in the three-month period.
Analysts expect SMART Global Holdings Inc. (NASDAQ:SGH) to report a net income (adjusted) of $1.09 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended May 2021 is predicted to come in at $415.57M.
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.