25 June - NH - Morning Newsletter

Top 4 Stocks to Trade Before the Weekend

June 25, 2021

Good Morning!

On June 24, American stock markets closed in the green. The S&P 500 climbed 0.58% to 4266.49 points. The Dow Jones gained 0.95% and the Nasdaq added 0.69%. The growth leaders were financial (+ 1.21%), energy (+ 0.85%) and telecommunications companies (+ 0.81%). The shares of the real estate sector (-0.45%) traded under the market against the background of an increase in 30-year rates on mortgage loans and utilities (-0.10%). The main driver of the market was the achievement of a bipartisan agreement on the infrastructure package, which positively influenced the "value" companies.Technically, the S&P 500 is continuing its long-term uptrend. The day before, the broad market index reached a new all-time high. The RSI indicator continues to point to the bullish advantage, while the potential for further growth remains significant. The nearest resistance is at 4300 points.

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Today Top Movers

NIKE, Inc. (NKE) share price gained 11.98% to $149.61 in premarket today after releasing financial results for its fiscal 2021 fourth quarter and full-year ended May 31, 2021.

Fuwei Films (Holdings) Co., Ltd. (FFHL) stock surged 75.76% to $15.66 in the early morning trading session on Friday after reporting its unaudited financial results for the first quarter of 2021 ended March 31, 2021.

Grove, Inc. Common Stock (GRVI) soared 31.61% to $7.37 in today’s pre-market trading session. The company announced the pricing of $11.0 million initial public offerings and Nasdaq Listing.

Property Solutions Acquisition Corp. (PSAC) is going up 16.29% to $17.35 in the premarket trading session on Friday after announcing the effectiveness of the registration statement and special meeting date for the proposed business combination with Faraday Future.

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Top Upgrades & Downgrades

Credit Suisse turned bullish on Netflix, Inc. (NFLX), upgrading the stock to "Outperform" and assigning a $586.00 price target, representing potential upside of 13.11% from Thursday's close.

Nokia Corporation (NOK) has won the favor of Goldman Sachs' equity research team. The firm upgraded the shares from Neutral to Buy.

NetApp, Inc. (NTAP) received an upgrade from analysts at Raymond James, who also set their one-year price target on the stock to $100.00. They changed their rating on NTAP to Outperform from Market Perform in a recently issued research note.

Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Logitech International S.A. (LOGI) has been changed to Neutral from Buy.

Analysts at Citi downgraded H.B. Fuller Company (FUL)'s stock to Neutral from Buy Friday.

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Latest Insider Activity

Natera Inc. (NTRA) CO-FOUNDER Sheena Jonathan announced the sale of shares taking place on Jun 23 at $115.18 for some 205 shares. The total came to more than $23611.0.

Smartsheet Inc. (SMAR) Chief Marketing Officer Griffin Anna sold on Jun 24 a total 10,762 shares at $73.46 on average. The insider’s sale generated proceeds of almost $73460.0.

Cricut Inc. (CRCT) 10% Owner Abdiel Capital Management, LLC declared the purchase of shares taking place on Jun 22 at $33.69 for some 60,854 shares. The transaction amount was around $2.05 million.

SeaChange International Inc. (SEAC) Executive Chairman PONS ROBERT M bought on Jun 21 a total 507,815 shares at $1.06 on average. The purchase cost the insider an estimated $106,000.

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Important Earnings

Top US earnings releases scheduled for today include CarMax Inc. (NYSE:KMX). It will announce its May 2021 financial results. The company is expected to report earnings of $1.63 per share from revenues of $6.24B in the three-month period.

Analysts expect Paychex Inc. (NASDAQ:PAYX) to report a net income (adjusted) of $0.67 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended May 2021 is predicted to come in at $980.48M.

That's it for today. Thanks for reading. Good luck out there!Best Regards,News Heater Team

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