27 Sep - NH - Morning Newsletter (with changes)

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Good Morning!

Futures on US stock indices are mostly growing on Monday in anticipation of internal statistics, which may indicate the state of the world's largest economy, according to trading data.Futures on the Dow Jones Industrial Average (DJIA) grew by 0.26%, to 34762 points, on the NASDAQ high-tech index - decreased by 0.35%, to 15,265.5 points, on the broad market S&P 500 index - rose by 0.06% to 4448 points.On Monday, traders are awaiting data on the volume of orders for durable goods in the US for August. According to analysts' forecast, orders rose 0.7% on a monthly basis after falling 0.1% in July.

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Today Top Movers

Vinco Ventures Inc. (BBIG) stock soared 16.61% to $7.37 in the pre-market trading. The company recently declared that its subsidiary EVNT Platform, LLC dba Emmersive Entertainment (Emmersive) will launch the world's first NFT streaming movie soundtrack with Grammy Winners Om'Mas Keith and Adrian L. Miller of A Tiny Universe (ATU)..

Naked Brand Group Limited (NASDAQ: NAKD) shares are trading up 10.69% at $0.757 at the time of writing. The company recently released an update to the chairman's address to shareholders from its recent annual meeting of shareholders on August 20, 2021 from Chairman and Chief Executive Officer Justin Davis-Rice.

Syndax Pharmaceuticals Inc. (SNDX) grew over 14.36% at $21.5 in pre-market trading today after announcing exclusive worldwide collaboration and license agreement with Incyte to develop and commercialize axatilimab, Syndax's anti-CSF-1R monoclonal antibody.

Gores Guggenheim, Inc. (GGPI) is up 4.91% to $10.47 in premarket trading today after declaring a definitive business combination agreement with Polestar Performance AB and its affiliates.

US$0.25 Uranium Stock Gaining Momentum on Sector Revamp Uranium 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$0.30 per share.More details here...

Top Upgrades & Downgrades

JMP Securities turned bullish on Viant Technology Inc. (DSP), upgrading the stock to Market Outperform and assigning a $18.00 price target, representing a potential upside of 41.9% from Friday's close.

Box Inc. (BOX) has won the favor of JMP Securities's equity research team. The firm upgraded the shares from Market Perform to Market Outperform and moved their price target to $32.00, suggesting 26.83% additional upside for the stock.

National Instruments Corporation (NATI) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $48.00. They changed their rating on NATI to Buy from Neutral in a recently issued research note.

Earlier Monday Raymond James reduced its rating on Altice USA Inc. (ATUS) stock to Market Perform from Outperform.

Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Lordstown Motors Corp. (RIDE) has been changed to Sell from Neutral and the new price target is set at $5.00.

Analysts at JP Morgan downgraded Zymergen Inc. (ZY)'s stock to Underweight from Neutral Monday.

Top 5 tech stocks for the rest of 2021According to CNBC, "Tech would be the best sector in the third quarter.” CNBC went on to explain that these wealthy, veteran investors "remain convinced... in the opportunity to chase profits in the tech sector." But what opportunities are worth chasing with the best chance of producing profits?

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Latest Insider Activity

Oracle Corporation (ORCL) Executive Vice Chairman HENLEY JEFFREY announced the sale of shares taking place on Sep 24 at $90.01 for some 135,741 shares. The total came to more than $12.22 million.

Flex Ltd. (FLEX) Chief Accounting Officer Bennett David P sold on Sep 22 a total 76,175 shares at $18.27 on average. The insider’s sale generated proceeds of almost $0.62 million.

Blackstone Inc. (BX) 10% Owner Blackstone Holdings III L.P. declared the purchase of shares taking place on Sep 22 at $39.60 for some 30,400 shares. The transaction amount was around $1.2 million.

Unique Fabricating Inc. (UFAB) Director CAVANAGH PATRICK W bought on Sep 21 a total 20,733 shares at $2.25 on average. The purchase cost the insider an estimated $29,999.

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Important Earnings

Top US earnings releases scheduled for today include Globus Maritime Limited (NASDAQ:GLBS). It will announce its Jun 2021 financial results. The company is expected to report earnings of $0.09 per share from revenues of $8.1M in the three-month period.

Analysts expect Aytu Biopharma Inc. (NASDAQ:AYTU) to report a net income (adjusted) of -$0.49 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2021 is predicted to come in at $20.9M.

Concentrix Corporation (CNXC), due to announce earnings after the market closes today, is expected to report earnings of $2.24 per share from revenues of $1.38B 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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