26 may - NH - Morning Newsletter

Good Morning!

US stock index futures rallied on Wednesday amid growing confidence that the Fed and other global central banks will maintain their economic support despite a short-term surge in inflation, trading data showed.Futures on the Dow Jones Industrial Average (DJIA) grew by 0.21%, to 34342 points, on the NASDAQ high-tech index - by 0.24%, to 13688.88 points, on the broad market S&P 500 index - by 0.25%, to 4196.12 points.Investors feared that accelerating inflation in the US would force the Fed to tighten its monetary policy. However, representatives of the Federal Reserve in their statements in recent days stressed that in the near future there are no plans to change the soft monetary policy of the regulator.Later this week, traders are awaiting new statistics that will indicate the state of the world's largest economy. So, on Thursday, 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.

Profit-Stocks: Upstart Gold Firm Hits High-Grade Gold Zone In the gold sector, it's the tiny, low-priced exploration firms that typically make the initial discovery through drilling. It's also where investors can secure 10-fold and even 20-fold gains as early drill results are released to the public. Investors are currently jumping into this low-priced gold driller that just hit a high-grade discovery hole in Canada with additional results due any day.Details here...

Today Top Movers

Nabriva Therapeutics plc (NBRV) stock soared 64.19% to $2.43 in the pre-market trading after Sinovant Sciences and Nabriva Therapeutics reported positive topline results from phase 3 trial of Lefamulin in chinese adults with community acquired Bacterial Pneumonia (CABP).

Zscaler Inc. (NASDAQ: ZS) shares are trading up 10.99% at $191.72 at the time of writing. Company’s 52-week range between $69.83 to $230.88. Zscaler declared third quarter fiscal 2021 financial results and reported $176.4 million in revenue, an increase of 60% year-over-year.

Urban Outfitters Inc. (URBN) grew over 9.21% at $38.18 in pre-market trading today after reporting net income of $54 million and record first quarter earnings per diluted share of $0.54 for the three months ended April 30, 2021.

ZW Data Action Technologies Inc. (CNET), a Advertising Agencies company, rose about 4.79% at $1.75 in pre-market trading Wednesday. The firm today revealed that its wholly-owned subsidiary ChinaNet Online (Guangdong) Technology Co., Ltd. was authorized as an advertising service provider for KOLs and Ecommerce in 2021 by Tencent.

Investors Get Green-Light on US$0.25 Per Share Uranium StockUranium prices are on a tear amid global mine shutdowns in the face of the coronavirus pandemic which has now forced nearly 50% of global uranium production offline. Select US uranium stocks are poised to deliver big gains to investors. Here's a little-known company that has quietly amassed over 45 million lbs of high-grade uranium resources - all on US soil - and trading below US$0.25 per share.More details here...

Top Upgrades & Downgrades

Deutsche Bank turned bullish on Teck Resources Ltd (TECK), upgrading the stock to "Buy" from Hold.

Western Midstream Partners LP (WES) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Underweight to Equal Weight.with a price target of $22.

ONEOK, Inc. (OKE) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $55. They changed their rating on OKE to Equal Weight from Underweight in a recently issued research note.

Earlier Wednesday Morgan Stanley reduced its rating on Magellan Midstream Partners, L.P. (MMP) stock to Equal Weight from Overweight and assigned the price target to $53.

Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Verra Mobility Corp (VRRM) has been changed to Equal Weight from Overweight with a $15 price target.

Do you own gold?Somebody recently decided to buy a LOT of gold.And I think I know why... It's all about a meeting that's scheduled for June 16.If you own gold (even just a few ounces of it), you've got to see what's happening.The big announcement is just days away. Click here now.

Latest Insider Activity

Coinbase Global Inc. (COIN) Director Andreessen Marc L announced the sale of shares taking place on May 24 at $226.65 for some 17,473 shares. The total came to more than $3.96 million.

Kinder Morgan Inc. (KMI) V.P. (President, Terminals) Schlosser John W sold on May 25 a total 43,719 shares at $18.71 on average. The insider’s sale generated proceeds of almost $28059.0.

Keurig Dr Pepper Inc. (KDP) Chief Strategy Officer Whitmore Justin declared the purchase of shares taking place on May 20 at $36.18 for some 8,916 shares. The transaction amount was around $0.32 million.

Novavax Inc. (NVAX) Director King Rachel K. bought on May 19 a total 2,800 shares at $139.64 on average. The purchase cost the insider an estimated $97,748.

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 NVIDIA Corporation (NASDAQ:NVDA). It will announce its Apr 2021 financial results. The company is expected to report earnings of $3.28 per share from revenues of $5.41B in the three-month period.

Analysts expect Pure Storage Inc. (NYSE:PSTG) to report a net income (adjusted) of -$0.06 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Apr 2021 is predicted to come in at $403.91M.

Snowflake Inc. (SNOW), due to announce earnings after the market closes today, is expected to report earnings of -$0.16 per share from revenues of $212.9M 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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