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- 21 Mar - NH - Morning Newsletter (with survey at top and bottom)
21 Mar - NH - Morning Newsletter (with survey at top and bottom)
4 Skyrocketing Stocks To Trade Today
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Good Morning!
The session on March 18 on the main US stock exchanges ended in the green zone. The S&P 500 gained 1.17% to hit 4463, the Dow Jones rose 0.8% and the Nasdaq rose 2.05%. The largest growth was shown by IT companies (+2.19%) and manufacturers of cyclical consumer goods (+2.18%). Only the utilities sector closed in the red (-0.9%).Company news
Moderna (MRNA: +6.3%) has filed a request with the FDA for a fourth dose of the COVID -19 vaccine for people 18 years of age and older.
GameStop ( GME : +3.5%) said in a quarterly report that supply chain disruptions weighed on its margins. The launch of the NFT marketplace was announced for the second quarter.
FedEx's fourth-quarter net income and operating margin ( FDX : -4%) were below expectations due to supply chain disruptions. The company plans to cut CAPEX .
Sometimes One Stock is All it Takes
This stock might be the most promising in the biotech sector and at a bargain price. Innovation doesn't happen every day but when it does, in this sector, it can literally change people's lives forever. Today, we highlight one stock ready to change the biotechnology game.
Today Top Movers
BitNile Holdings Inc. (NILE) stock soared 77.77% to $0.9932 in the pre-market trading after announcing that it and its subsidiary TurnOnGreen, Inc.have entered into a securities purchase agreement with Imperalis Holding Corp., a publicly-traded subsidiary of BitNile, whereby TurnOnGreen will, upon closing, become a subsidiary of Imperalis.
Anaplan Inc. (NYSE: PLAN) shares are trading up 27.5% at $64.5 at the time of writing following an announcement from the company that it has entered into a definitive agreement to be acquired by Thoma Bravo for $66.00 per share in an all-cash transaction valued at approximately $10.7 billion.
CooTek (Cayman) Inc. (CTK) grew over 20.0% at $0.348 in pre-market trading today.A batch of high-quality literary work from Fengdu Novel, an online literature app developed by CooTek (Cayman) Inc. (CTK), was recently picked by the ninth round of Tencent Video's Mars Project and will be ready for production firms to turn into short films.
O2Micro International Limited (OIIM), an electronic Components company, rose about 27.86% at $4.13 in pre-market trading Monday after reporting that its board of directors has received a preliminary non-binding proposal letter, dated March 14, 2022, from FNOF Precious Honour Limited, to acquire all of the outstanding shares of the Company.
Free Report: Forever Stocks: The Top 5 Stocks That Should be in All Portfolios
For many investors, a long-term buy and hold strategy is a great choice.
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Look at Apple, Microsoft, Amazon.com, or even Meta Platforms for proof.
In fact, we've found five you may want to consider holding forever.
Top Upgrades & Downgrades
Wells Fargo turned bullish on Associated Banc-Corp (ASB), upgrading the stock to Overweight and assigning a $28.00 price target, representing potential upside of 19.45% from Monday's close.
BlackBerry Limited (BB) has won the favor of RBC Capital's equity research team. The firm upgraded the shares from Underperform to Sector Perform and moved their price target to $7.00.
Air Products and Chemicals Inc. (APD) 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 APD to Overweight from Neutral in a recently issued research note.
Earlier Monday Piper Sandler reduced its rating on Check Point Software Technologies Ltd. (CHKP) stock to Underweight from Neutral and assigned the price target to $130.00.
RBC Capital analysts reduced their investment ratings, saying in research reports covered by the media that its rating for ImmunoGen Inc. (IMGN) has been changed to Sector Perform from Outperform and the new price target is set at $6.00.
Analysts at Keybanc downgraded Huntsman Corporation (HUN)'s stock to Sector Weight from Overweight Monday.
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Latest Insider Activity
Visa Inc. (V) Director MATSCHULLAT ROBERT W announced the sale of shares taking place on Mar 16 at $210.94 for some 1,114 shares. The total came to more than $0.23 million.
ON Semiconductor Corporation (ON) Director MASCARENAS PAUL ANTHONY sold on Mar 16 a total 61,981 shares at $60.00 on average. The insider’s sale generated proceeds of almost $1.2 million.
Coupa Software Incorporated (COUP) Director Brennan Michelle declared the purchase of shares taking place on Mar 16 at $78.65 for some 375 shares. The transaction amount was around $29495.0.
SoFi Technologies Inc. (SOFI) Director SCHWARTZ HARVEY M bought on Mar 17 a total 214,852 shares at $8.84 on average. The purchase cost the insider an estimated $512,581.
These Are Our Top 4 Penny Stocks...
These four low-priced stocks could deliver for investors in a big way.
Important Earnings
Top US earnings releases scheduled for today include Tencent Music Entertainment Group (NYSE:TME). It will announce its Sep 2021 financial results. The company is expected to report earnings of $0.07 per share from revenues of $1.23B in the three-month period.
Analysts expect Volta Inc. (NYSE: VLTA) to report a net income (adjusted) of -$0.18 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2021 is predicted to come in at $12.28M.
NIKE Inc. (NKE), due to announce earnings after the market closes today, is expected to report earnings of $0.71 per share from revenues of $10.6B 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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