26 apr - morning newsletter

Good Morning

After a significant dip on Thursday, the stock markets in New York managed to recover on Friday. With that, concerns about the tax increases seemed to disappear quickly. According to Bloomberg, the US government will increase the capital gains tax for wealthy Americans from 20 to 39.6 percent. This week its need to be watched if this drastic increase materializes when Biden presents the American Families Plan in Congress. In any case, the stock markets are closed with solid gains on Friday. The S&P 500 was up 1.09% to 4,180 points and the Nasdaq was up 1.44% to 14,016 points. Banks and technology stocks were in demand. For example, Alphabet was up 2.04%, Uber was up 2.93% and AMD was up 4.77% over the weekend. Spotify even rose 7.15%, after a positive analyst report from Jefferies and Snap went up 7.39% on numbers. Intel lost 5.3%, despite a significant increase in revenue expectations. However, due to the crisis in the chip market, investors had expected even more. However, the quarterly earnings season has continued fine so far. About 25% of S&P 500 companies reported the results, and a whopping 77% of them beat analyst expectations. This week, you can get ready for a series of numbers from the big names. Figures from Tesla, Microsoft, Alphabet, Amazon, Apple and Facebook, among others, are on the agenda. 

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

Ocugen Inc. (OCGN) is on the rise after its COVID-19 vaccine partner, India-based Bharat Biotech International Ltd., will charge almost twice the price of its main competitor AstraZeneca plc for its vaccines in India. The biotech company OCGN, which is collaborating closely with a coronavirus vaccine developer in India, has recently announced good news from its clinical trials, increasing investor expectations for the vaccine's immediate prospects. Ocugen Inc. (OCGN) stock soared 19.63% to $11.52 in the pre-market trading.

Gritstone (NASDAQ:GRTS) currently does not have any products on the market. But the vaccine's success could put it in a position to gain market share if trials are successful. The company’s shares are trading up 0.87% at $9.29. Company’s 52-week ranged between $2.54 to $35.20.

Vyant Bio Inc. (VYNT) grew over 16.67% at $4.2 in pre-market trading today. Vyant Bio, Inc., Ordaōs Bio, and Cellaria, Inc. last week announced an agreement to design and qualify biomarker-specific small protein therapeutics.

Aeterna Zentaris Inc. (AEZS) is making sharp gains on news that the Phase 3 trial of Nirsevimab met its primary endpoint. Aeterna Zentaris Inc. (AEZS), a Biotechnology company, rose about 18.68% at $1.11 in pre-market trading Monday.

The Top 5 Electric Vehicle Tech Stocks That Should be in Your Portfolio NowThe mere mention of electric vehicles (EV) is creating untold riches. While gains may continue to mount for well-known EV stocks, more opportunity can be found in the companies that provide the technology under the hood. In fact, here are five tech stocks that could see higher highs as the EV boom continues.Click Here to Download the FREE Report

Top Upgrades & Downgrades

Citigroup turned bullish on Brunswick Corporation (BC), upgrading the stock to "Buy" and assigning a $125.0 price target, representing potential upside of 19.58% from Friday's close.

Simon Property Group Inc. (SPG) has won the favor of Evercore ISI's equity research team. The firm upgraded the shares from In Line to Outperform and moved their price target to $128.

Discover Financial Services (DFS) received an upgrade from analysts at BofA, who also set their one-year price target on the stock to $120.0. They changed their rating on DFS to Buy from Neutral in a recently issued research note.

Earlier Monday Citigroup reduced its rating on HCA Healthcare Inc. (HCA) stock to Buy from Neutral and assigned the price target to $215.0.

Keybanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Cleveland-Cliffs Inc. (CLF) has been changed to Sector Weight from Overweight.

Analysts at Keybanc downgraded Etsy Inc. (ETSY)'s stock to Sector Weight from Overweight Monday.

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Latest Insider Activity

Pinterest Inc. (PINS) Co-Founder & Chief Design & Cr Sharp Evan announced the sale of shares taking place on Apr 21 at $72.12 for some 60,742 shares. The total came to more than $4.38 million.

The Coca-Cola Company (KO) Vice President & Controller LOVELESS KATHY sold on Apr 21 a total 2,961 shares at $54.30 on average. The insider’s sale generated proceeds of almost $0.39 million.

AIkido Pharma Inc. (AIKI) CEO Hayes Anthony declared the purchase of shares taking place on Apr 22 at $0.93 for some 10,000 shares. The transaction amount was around $9,300.

Vislink Technologies Inc. (VISL) Chief Executive Officer Miller Carleton M bought on Apr 20 a total 17,478 shares at $2.20 on average. The purchase cost the insider an estimated $38,452.

Elon Musk Drops MASSIVE BombshellThe shrewd billionaire just made a VERY strange confession about the future of his electric car empire. The secret he reveals could also mint fortunes for smart, fast-moving investors. This has nothing to do with buying shares of Tesla.Click here for the stunning details.

Important Earnings

Top US earnings releases scheduled for today include Range Resources Corporation (NYSE:RRC). It will announce its Mar 2021 financial results. The company is expected to report earnings of $0.25 per share from revenues of $553.63M in the three-month period.

Analysts expect AGNC Investment Corp. (NASDAQ:AGNC) to report a net income (adjusted) of $0.63 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2021 is predicted to come in at $298.8M.

Tesla Inc. (TSLA), due to announce earnings after the market closes today, is expected to report earnings of $0.79 per share from revenues of $10.29B 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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