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27 Jul - Morning Newsletter
4 Best Performing Stocks for Tuesday Trading
Good Morning!
At the auction on July 26, American stock exchanges showed positive dynamics. Major indices have updated all-time highs. The S&P 500 rose 0.24% to 4422 points, the Nasdaq added a modest 0.03%, and the Dow Jones climbed 0.24%. The leaders were energy companies (+ 2.50%), as well as the sector of raw materials and supplies (+ 0.88%). The health sector underperformed the market, losing 0.62%.US stocks continued to hit all-time highs on the back of strong corporate results for the second quarter. Alphabet (GOOGL) and Microsoft (MSFT) are set to report today, which could support markets if companies exceed expectations.Additional support for American indices is provided by the flow of investors' funds from the Chinese market, which came under pressure due to the actions of the PRC authorities. In particular, companies from the educational services sector, which was recently valued at $ 100 billion (TAL, EDU, GOTU), will be banned from making a profit, raising capital or going public if they have not yet placed their shares. The value of the securities of these organizations fell dozens of times compared to the peaks of the current year
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Today Top Movers
EyeGate Pharmaceuticals Inc. (EYEG) stock soared 106.73% to $6.45 in the pre-market trading. The company recently announced the appointment of Brian M. Strem, Ph.D., as President and Chief Executive Officer.
ObsEva SA (NASDAQ: OBSV) shares are trading up 30.95% at $3.3 at the time of writing. The company recently declared an agreement with Organon (OGN), whereby Organon will license the global development, manufacturing, and commercial rights to ebopiprant (OBE022).
MOGU Inc. (MOGU) grew over 29.13% at $1.33 in pre-market trading today after annoucing definitive agreements to increase ownership of Hangzhou Ruisha.
F5 Networks Inc. (FFIV), a Software - Infrastructure company, rose about 6.05% at $204.27 in pre-market trading Tuesday. after reporting the third-quarter fiscal year 2021 results delivering double-digit annual revenue growth for the third sequential quarter.
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Top Upgrades & Downgrades
Berenberg turned bullish on American Airlines Group Inc. (AAL), upgrading the stock to "Hold" and assigning a $19.00 price target.
Range Resources Corp. (RRC) has won the favor of Raymond James' equity research team. The firm upgraded the shares from Underperform to Market Perform.
Century Aluminum Company (CENX) received an upgrade from analysts at B. Riley Securities. They changed their rating on CENX to Buy from Neutral in a recently issued research note.
Earlier Tuesday Deutsche Bank reduced its rating on TAL Education Group (TAL) stock to Hold from Buy.
DZ Bank analysts reduced their investment ratings, saying in research reports covered by the media that its rating for JD.com Inc. (JD) has been changed to Sell from Buy and the new price target is set at $62.00.
Analysts at DZ Bank downgraded Alibaba Group Holding Limited (BABA)'s stock to Sell from Buy Tuesday.
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Latest Insider Activity
Cadence Design Systems Inc. (CDNS) Sr. Vice President Cunningham Paul announced the sale of shares taking place on Jul 23 at $143.59 for some 1,000 shares. The total came to more than $0.14 million.
Datadog Inc. (DDOG) General Counsel Kopits Laszlo sold on Jul 22 a total 97,476 shares at $110.25 on average. The insider’s sale generated proceeds of almost $0.83 million.
Simon Property Group Inc. (SPG) Director Smith Daniel C. declared the purchase of shares taking place on Jul 23 at $123.87 for some 203 shares. The transaction amount was around $25146.0.
Natera Inc. (NTRA) Director HEALY JAMES bought on Jul 22 a total 2,400 shares at $113.00 on average. The purchase cost the insider an estimated $271,200.
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Important Earnings
Top US earnings releases scheduled for today include Apple Inc. (NASDAQ:AAPL). It will announce its Jun 2021 financial results. The company is expected to report earnings of $1 per share from revenues of $72.93B in the three-month period.
Analysts expect Advanced Micro Devices Inc. (NASDAQ:AMD) to report a net income (adjusted) of $0.54 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2021 is predicted to come in at $3.62B.
Microsoft Corporation (MSFT), due to announce earnings after the market closes today, is expected to report earnings of $1.9 per share from revenues of $44.1B 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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