27 may - morning newsletter

Good Morning!

The stock exchanges on Wall Street are closed with a profit on Wednesdays. There was little directional news and volumes were relatively low compared to the previous period. Investors seem to be watching the cat out of the tree and are trying to anticipate the Federal Reserve's next steps. Volatility is also expected to remain low in the coming days. On Monday, May 31, the Americans are free because of Memorial Day. It is common to take Friday (and Thursday) off to make it a long weekend.There were, however, a number of notable outliers on the exhibition floor yesterday. Beyond Meat (+ 8.31%) announced a deal with KFC in China for a vegan chicken wrap. The share price of carmaker Ford rose by 8.55% after the company announced that it would invest more money in the development of electric driving. By 2025, the company wants to invest a total of $ 30 billion in the car of the future.Furthermore, oil and gas companies were in the spotlight after activist investors mingled at annual shareholder meetings. However, the prices of ExxonMobil, Chevron and Shell (+ 0.63%) were not hit.The stocks that were already in the spotlight twice earlier this year, after the popular reddit forum Wallstreet bets caused a short squeeze, are going up again. For example, the GameStop stock rose by 15.82% yesterday to above $ 242. The day before, the price also rose by 16% and the other 'meme shares' are also in the spotlight. For example, AMC Entertainment rose by more than 60% in one week and Bed Bath & Beyond rose by more than 11% yesterday.

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Today Top Movers

Vertex Energy Inc. (VTNR) stock soared 92.7% to $3.43 in the pre-market trading. Late Wednesday, the company announced that it reached an agreement with Royal Dutch Shell with regards to the acquisition of its refinery in Mobile, Alabama in a deal worth $75 million.

Zosano Pharma Corporation (NASDAQ: ZSAN) shares are trading up 30.38% at $0.97 at the time of writing following the publication of clinical data regarding the long-term use of Qtrypta™ for the treatment of Acute Migraine in The Journal of Headache and Pain.

Bit Digital Inc. (BTBT) grew over 23.54% at $11.18 in pre-market trading today after declaring the appointment of Brock Pierce, Chairman of the Bitcoin Foundation, to its advisory board and leadership team.

LAIX Inc. (LAIX), a Education & Training Services company, rose about 16.56% at $1.83 in pre-market trading Thursday after releasing its unaudited financial results for the first quarter ended March 31, 2021.

Marijuana Today = 1990's Early InternetWith FDA approvals, Canada legalization, and President Trump pushing for legalization, marijuana is in its "early internet days." Meaning, the marijuana explosion isn't done. It's only beginning and stocks could grow 79,256% as we've seen before... And check out the stocks you should be watching.Click here for the details.

Top Upgrades & Downgrades

Piper Sandler turned bullish on Magnolia Oil & Gas Corp. (MGY), upgrading the stock to "Overweight" and assigning a $16 price target, representing potential upside of 31.36% from Wednesday's close.

Ford Motor Company (F) has won the favor of RBC Capital's equity research team. The firm upgraded the shares from Sector Perform to Outperform and moved their price target to $17, suggesting 22.30% additional upside for the stock.

Intuit Inc. (INTU) received an upgrade from analysts at Exane BNP Paribas, who also set their one-year price target on the stock to $470. They changed their rating on INTU to Neutral from Underperform in a recently issued research note.

Earlier Thursday Keefe Bruyette reduced its rating on Deutsche Bank AG (DB) stock to Underperform from Market Perform.

BTIG analysts reduced their investment ratings, saying in research reports covered by the media that its rating for IAC/Interactivecorp (IAC) has been changed to Neutral from Buy.

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...

Latest Insider Activity

Square Inc. (SQ) Chief Financial Officer Ahuja Amrita announced the sale of shares taking place on May 24 at $204.82 for some 4,995 shares. The total came to more than $1.02 million.

Hewlett Packard Enterprise Company (HPE) SVP, GM of Storage Black Thomas E Jr sold on May 26 a total 27,667 shares at $16.09 on average. The insider’s sale generated proceeds of almost $0.16 million.

QuantumScape Corporation (QS) Director Buss Brad W declared the purchase of shares taking place on May 25 at $23.83 for some 10,000 shares. The transaction amount was around $0.24 million.

Assertio Holdings Inc. (ASRT) President and CEO Peisert Daniel A. bought on May 20 a total 89,655 shares at $1.54 on average. The purchase cost the insider an estimated $24,500.

Early Profit-Advantage On Wall Street's Hidden Uranium StockUranium prices are soaring as more than HALF of global monthly uranium production has been taken offline as mines shut down amid the coronavirus pandemic. Investors are lining up for gains and it could be the windfall of a lifetime. The last time we saw something like this, the price of yellowcake roared all the way to $140. Well-timed investors could make 10X, 20X and even 30X gains!Learn more here...

Important Earnings

Top US earnings releases scheduled for today include HP Inc. (NYSE:HPQ). It will announce its Apr 2021 financial results. The company is expected to report earnings of $0.89 per share from revenues of $15B in the three-month period.

Analysts expect The Gap Inc. (NYSE:GPS) to report a net income (adjusted) of -$0.05 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Apr 2021 is predicted to come in at $3.44B.

salesforce.com inc. (CRM), due to announce earnings after the market closes today, is expected to report earnings of $0.88 per share from revenues of $5.89B 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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