24 may - NH - Morning Newsletter

Good Morning!

Futures for US stock indexes rose on Monday amid easing fears over the outlook for inflation and the pace of economic recovery, trading data showed.Futures on the Dow Jones Industrial Average (DJIA) grew by 0.43%, to 34301 points, on the NASDAQ high-tech index - by 0.66%, to 13493.12 points, on the broad market S&P 500 index - by 0.51%, to 4172.88 points.The dynamics of futures indicate that US stock markets may start the week with gains after finishing last week mostly in the red amid concerns about the outlook for US Federal Reserve monetary policy in light of accelerating inflation in the country.On Monday, investors continue to closely monitor price increases to determine if they will be temporary or long-term, but experts note the easing of fears about inflation. Later this week, traders are awaiting a series of US statistics that will indicate the state of the world's largest economy. So, on Wednesday, the second estimate of the US GDP for the first quarter will become known. Analysts expect the rate to rise 6.5% year over year, not 6.4% as the first estimate showed. A day later, data on income and expenditures of the population for April will be published. Revenues are forecast to fall 14.8% on a monthly basis after jumping 21.1% a month earlier, while household spending rose 0.5% after rising 4.2% in March.

Clean Energy Stocks: Rare Metal Discovery & How to Profit in 2021 Investors are preparing for a massive profit windfall come January as the incoming administration sets its $1.7 Trillion Clean Energy Plan in motion. Many clean energy stocks will double in 2021. Yet, this tiny niche is set to deliver gains as high as 2,400%.Keep reading to get the name and symbol of a sub-$0.30 stock that controls a rare clean energy resource that China wants but can’t have.

Today Top Movers

Virgin Galactic Holdings Inc. (SPCE) stock soared 26.01% to $26.55 in the pre-market trading. The company recently completed its third spaceflight and the first ever spaceflight from Spaceport America, New Mexico.

Enveric Biosciences Inc. (NASDAQ: ENVB) shares are trading up 7.35% at $2.92 at the time of writing following the declaration of a definitive agreement to acquire MagicMed Industries Inc.

HP Inc. (HPQ) grew over 2.53% at $32.46 in pre-market trading today.The company introduced its latest gaming hardware and software designed to push today’s gamers to new heights.

NIO Inc. (NIO), an auto manufacturers company, rose about 1.29% at $34.5 in pre-market trading Monday after renewal of joint manufacturing arrangements.

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Top Upgrades & Downgrades

Credit Suisse turned bullish on Shoals Technologies Group Inc (SHLS), upgrading the stock to "Outperform" and assigning a $40 price target.

Nutrien Ltd (NTR) has won the favor of HSBC's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $60.

Ollie's Bargain Outlet Holdings Inc (OLLI) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $85. They changed their rating on OLLI to Equal Weight from Underweight in a recently issued research note.

Earlier Monday BofA reduced its rating on Dollar General Corp. (DG) stock to Underperform from Neutral and assigned the price target to $190.

HSBC analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Mosaic Co (MOS) has been changed to Hold from Buy and the new price target is set at $37.

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Latest Insider Activity

Facebook Inc. (FB) VP and General Counsel Newstead Jennifer announced the sale of shares taking place on May 20 at $313.36 for some 250 shares. The total came to more than $78340.0.

DoorDash Inc. (DASH) Chief Business & Legal Officer Yandell Keith sold on May 20 a total 387,680 shares at $136.67 on average. The insider’s sale generated proceeds of almost $1.6 million.

Delta Air Lines Inc. (DAL) Director HUERTA MICHAEL P declared the purchase of shares taking place on May 19 at $46.08 for some 500 shares. The transaction amount was around $23039.0.

GoodRx Holdings Inc. (GDRX) Director Silver Lake Group, L.L.C. bought on May 21 a total 3,467,872 shares at $31.70 on average. The purchase cost the insider an estimated $6.18 million.

Did we just find the "Amazon of Cannabis?"One of the top marijuana gurus may have just revealed the "Amazon of Cannabis". He says he's found a stock that could be like investing in Amazon in 1998. You've seen the huge gains from companies like Curaleaf Holdings. But the stock he's found could go higher. For the first time ever, he's revealing his research.Click here for the stock

Important Earnings

Top US earnings releases scheduled for today include Nordson Corporation (NDSN). It will announce its Apr 2021 financial results. The company is expected to report earnings of $1.64 per share from revenues of $547.98M in the three-month period.

Analysts expect Agora Inc. (NASDAQ:API) 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 Mar 2021 is predicted to come in at $36.67M.

17 Education & Technology Group Inc. (YQ), due to announce earnings after the market closes today, is expected to report earnings of -$0.44 per share from revenues of $74.83M 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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