21 apr - morning newsletter

Good Morning

Yesterday was a red day for US indices. The S&P 500 lost 0.68% and closed at 4,134 points. The Nasdaq 100 technology index fell 0.71% to 13,809 points during the closing bubble. The Dow Jones price also fell 0.75% and closed at 33,821 points. This night, the futures of these indices have not recovered. Stock markets in the United States keep going up. The Dow Jones set another record yesterday and the S&P 500 also keeps breaking records. The graph clearly shows the acceleration of the past weeks. The increase is now very fast and I draw comparisons with August 2020. The acceleration is exciting and fun, but often also means the end of an upward trend. Enthusiasm among investors was fueled by the strong increase in retail sales. US consumers made good use of their incentive vouchers in March and bought in bulk. Retail sales rose by no less than 9.8%, while analysts forecast an increase of 6.1%.  That things are going in the right direction in the US was also reflected in weekly unemployment claims, which fell by 193,000 to 576,000, the lowest level since the outbreak of the corona pandemic. The quarterly figures from the major American banks have also been well received in recent days and are looking forward to an optimistic quarterly figures season for investors. 

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Today Top Movers

Skillz Inc. (SKLZ) stock soared 4.54% to $13.12 in the pre-market trading.

NIO Inc. (NYSE: NIO) shares are trading down -1.0% at $36.56 at the time of writing. Company’s 52-week ranged between $2.91 to $66.99.

Naked Brand Group Limited (NAKD) grew over 2.51% at $0.531 in pre-market trading today. The company recently appointed Mark Ziirsen as Chief Financial Officer.

Applied Materials Inc. (AMAT), a Semiconductor Equipment & Materials company, rose about 1.49% at $130.51 in pre-market trading Wednesday.

Top Crypto Analyst Issues Warning Coinbase - the world's largest digital currency exchange - just went public.But this IPO is not the best way to make money in crypto in 2021.Instead folks need to get in on a handful of valuable crypto plays...3 of which I just named in a brand new free report, "3 Cryptos to Beat Bitcoin."

Top Upgrades & Downgrades

Goldman Sachs turned bullish on Norwegian Cruise Line Holdings Ltd. (NCLH), upgrading the stock to "Buy" and assigning a $37.0 price target, representing potential upside of 38.47% from Tuesday's close.

FirstEnergy Corp. (FE) has won the favor of Keybanc's equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $42.0, suggesting 15.8% additional upside for the stock.

Netflix Inc. (NFLX) received an upgrade from analysts at Stifel, who also set their one-year price target on the stock to $560. They changed their rating on NFLX to Buy from Hold in a recently issued research note.

Earlier Wednesday Keybanc reduced its rating on DTE Energy Company (DTE) stock to Sector Weight from Overweight.

Keybanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Eversource Energy (ES) has been changed to Sector Weight from Overweight.

Analysts at Citi downgraded The Procter & Gamble Company (PG)'s stock to Neutral from Buy Wednesday.

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Latest Insider Activity

Carnival Corporation & plc (CCL) Director WEISENBURGER RANDALL J announced the sale of shares taking place on Apr 16 at $27.50 for some 100,000 shares. The total came to more than $2.75 million.

Coinbase Global Inc. (COIN) Director Ehrsam Frederick Ernest III sold on Apr 19 a total 2,220,875 shares at $339.02 on average. The insider’s sale generated proceeds of almost $0.26 million.

GEE Group Inc. (JOB) CEO DEWAN DEREK E declared the purchase of shares taking place on Apr 19 at $0.60 for some 166,666 shares. The transaction amount was around $100000.0.

Bed Bath & Beyond Inc. (BBBY) CFO and Treasurer Arnal Gustavo bought on Apr 16 a total 300,769 shares at $25.45 on average. The purchase cost the insider an estimated $509,000.

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Important Earnings

Top US earnings releases scheduled for today include Verizon Communications Inc. (NYSE:VZ). It will announce its Mar 2021 financial results. The company is expected to report earnings of $1.29 per share from revenues of $32.46B in the three-month period.

Analysts expect Baker Hughes Company (NYSE:BKR) to report a net income (adjusted) of $0.11 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2021 is predicted to come in at $4.8B.

Kinder Morgan Inc. (KMI), due to announce earnings after the market closes today, is expected to report earnings of $0.24 per share from revenues of $3.03B 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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