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22 Jul - NH - Morning Newsletter
4 Top Stocks to Watch Today
Good Morning!
The correction again appears to have been short-lived, as the recovery continued strongly yesterday. The S&P 500 rose 0.82% to 4,358 points and the Nasdaq closed the day with a 0.92% gain at 14,632 points. The US 10-year Treasury bond hit a low of 1.17% on Monday but also recovered to 1.29%. This indicates that investor fear has quickly faded into the background.In addition to economic developments and inflation, the focus of investors is on quarterly figures. Currently, 15% of S&P 500 companies have announced their results, with 88% of companies exceeding earnings expectations. During the afternoon, AT&T, DR Horton, Southwest Air, and American Airlines, among others, will open the books. After trading, names such as Intel, Twitter, Snap, and Capital One are on the agenda.Wall Street also processes the latest jobless claims figures. Economists expect the number of first-time jobless claims to reach 350,000, down from last week when the figure stood at 360,000.
Wanted to give you a friendly reminder that your free A.I. live training will be expiring soon. When you enter the room, please have some ticker symbols ready so we can demonstrate our artificial intelligence algorithms for you.The theme of today's class is how A.I. can warn you of an approaching market crash.This invite expires at the end of the day.
Today Top Movers
Second Sight Medical Products Inc. (EYES) stock soared 29.4% to $5.59 in the pre-market trading. The company has been granted European patent number EP2839858 titled "Field focusing and mapping in an electrode array".' - PatentGrants
Clover Health Investments Corp. (NASDAQ: CLOV) shares are trading up 9.68% at $9.74 at the time of writing after announcing that it will report second-quarter 2021 financial results on August 11, 2021.
Talos Energy Inc. (TALO) grew over 23.97% at $14.43 in pre-market trading today.
Resources Connection Inc. (RGP), a Consulting Services company, rose about 9.88% at $15.12 in pre-market trading Thursday. The company recently announced financial results for its fiscal fourth quarter and year ended May 29, 2021. Revenue up 10.0% sequentially to $172.3 million compared to $156.6 million in the third quarter.
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Top Upgrades & Downgrades
Piper Sandler turned bullish on Northern Oil and Gas, Inc. (NOG), upgrading the stock to Overweight and assigning a $23.00 price target, representing potential upside of 36.9% from Wednesday's close.
Texas Capital Bancshares, Inc. (TCBI) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Neutral to Overweight with a price target of $75.00.
STMicroelectronics N.V. (STM) received an upgrade from analysts at Goldman Sachs. They changed their rating on STM to Neutral from Sell in a recently issued research note.
Earlier Thursday HSBC reduced its rating on Chevron Corporation (CVX) stock to Hold from Buy and assigned the price target to $112.00.
Summit Insights analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Texas Instruments Incorporated (TXN) has been changed to Hold from Buy.
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.
Latest Insider Activity
Facebook Inc. (FB) COB and CEO Zuckerberg Mark announced the sale of shares taking place on Jul 21 at $344.16 for some 77,300 shares. The total came to more than $26.6 million.
Tesla Inc. (TSLA) Chief Financial Officer Kirkhorn Zachary sold on Jul 19 a total 55,507 shares at $629.73 on average. The insider’s sale generated proceeds of almost $0.79 million.
Delta Air Lines Inc. (DAL) Director Taylor David S declared the purchase of shares taking place on Jul 19 at $38.25 for some 3,000 shares. The transaction amount was around $0.11 million.
Ault Global Holdings Inc. (DPW) Executive Chairman AULT MILTON C III bought on Jul 20 a total 1,426,416 shares at $2.28 on average. The purchase cost the insider an estimated $45,622.
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Important Earnings
Top US earnings releases scheduled for today include Intel Corporation (NASDAQ:INTC). It will announce its Jun 2021 financial results. The company is expected to report earnings of $1.06 per share from revenues of $17.84B in the three-month period.
Analysts expect Snap Inc. (NYSE: SNAP) to report a net income (adjusted) of -$0.01 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2021 is predicted to come in at $844.98M.
Twitter Inc. (TWTR), due to announce earnings after the market closes today, is expected to report earnings of $0.07 per share from revenues of $1.06B 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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