29 apr - NH - Morning Newsletter

Good Morning!The stock markets in the United States took a somewhat wait-and-see attitude yesterday. There was a bit more movement around the Fed's interest rate decision, but the US central bank actually had no exciting things to say. Interest rates will remain low for the time being and the Fed will continue to buy debt at the current rate. Powell stressed that the Fed sees the economy and inflation picking up, but points out that this may be a temporary effect. In response to the comment, the dollar index fell further. After some yo-yo, the Nasdaq eventually closed 0.28% lower at 14,051 points and the S&P 500 was down 0.08% on the day at 4,183 points.The other reason for the wait-and-see attitude was the stream of quarterly figures from the tech giants that were announced after the close of the market. I nmiddels futures are in green; the Nasdaq is up 0.81% and the S&P 500 future is up 0.55%. The figures of heavyweights Apple (+ 2.36%) and Facebook (+ 6.15%) were popular with investors last night and both stocks were pushed higher in after-market trading.However, Microsoft slipped 2.8% yesterday after disappointing investors due to disappointing hardware sales due to the global shortage of chips. Advertising giant Alphabet was not bothered by this and that share rose by almost 3% yesterday. Other companies that released figures yesterday that disappointed were Boeing (-2.8%), Spotify (-12.32%), and Starbucks (-3.23%). This afternoon the figures of Mastercard, Kraft Heinz and McDonald's are on the agenda and tonight it is Amazon and Twitter's turn after the close of the stock exchange. 

3 Cryptos Better than Bitcoin The cryptocurrency market just flew past $1 trillion in value - and it's kickstarted a massive investing opportunity. If you haven't started investing in crypto year - now is the time. Cryptocurrency legend Matt McCall just named 3 cryptocurrencies that he believes could beat Bitcoin...

Just click here to claim your free copy today.

Today Top Movers

Galera Therapeutics Inc. (GRTX) stock soared 35.25% to $8.94 in the pre-market trading after declaring updated data from its randomized, multicenter, Placebo-Controlled trial in patients with Pancreatic cancer.

Nokia Corporation (NYSE: NOK) shares are trading up 16.43% at $4.89 at the time of writing after releasing its financial report for first quarter 2021.

Overstock.com Inc. (OSTK) grew over 8.04% at $76.5 in pre-market trading today after beating estimated profit and revenue in first-quarter 2021 financial results.

Akebia Therapeutics Inc. (AKBA), a Biotechnology company, rose about 7.81% at $3.45 in pre-market trading Thursday after New England Journal of Medicine published results of the global phase 3 clinical program of Vadadustat for the treatment of anemia due to chronic kidney disease.

Two Mining Legends Now Control A Huge Lithium Source Michael Kobler walked away from his $2 billion oil company. Andrew Bowering's last lithium company saw its share price fly 6,351% in 18 months. Now, they've teamed up on a massive Nevada lithium property. A new FREE report details what's on the line for lithium investors.

You can get it here.

Top Upgrades & Downgrades

Stifel turned bullish on Avantor Inc. (AVTR), upgrading the stock to "Buy" and assigning a $40.0 price target, representing potential upside of 20.86% from Wednesday's close.

Shopify Inc. (SHOP) has won the favor of Susquehanna's equity research team. The firm upgraded the shares from Neutral to Positive and moved their price target to $1,500.0.

Equity Residential (EQR) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $76. They changed their rating on EQR to Neutral from Underweight in a recently issued research note.

Earlier Thursday JP Morgan reduced its rating on Cree Inc. (CREE) stock to Underweight from Neutral and assigned the price target to $108.0.

JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Silicon Laboratories Inc. (SLAB) has been changed to Neutral from Overweight and the new price target is set at $155.0.

Analysts at RBC Capital downgraded Adverum Biotechnologies Inc. (ADVM)'s stock to Sector Perform from Outperform Thursday.

69% a year return. One type of stock. Really?Why settle for puny 4% or 5% yields. My portfolio pays out a 69% cash on cash return. It's not magic. Or wishful thinking. I just buy one type of regular stock. No leverage, options, or gimmicks required.Get All the Details Now...

Latest Insider Activity

Hewlett Packard Enterprise Company (HPE) EVP, COLO SCHULTZ JOHN F announced the sale of shares taking place on Apr 26 at $16.54 for some 269,598 shares. The total came to more than $4.46 million.

KeyCorp (KEY) Head of Institutional Bank Paine Andrew J III sold on Apr 26 a total 200,904 shares at $21.34 on average. The insider’s sale generated proceeds of almost $0.75 million.

Tellurian Inc. (TELL) Director KESSLER DIANA DERYCZ declared the purchase of shares taking place on Apr 27 at $2.14 for some 100,000 shares. The transaction amount was around $0.21 million.

NeuBase Therapeutics Inc. (NBSE) Director RICHMAN ERIC I bought on Apr 26 a total 41,080 shares at $5.00 on average. The purchase cost the insider an estimated $25,000.

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.

Important Earnings

Top US earnings releases scheduled for today include MicroVision Inc. (NASDAQ:MVIS). It will announce its Mar 2021 financial results. The company is expected to report earnings of -$0.02 per share from revenues of $600k in the three-month period.

Analysts expect NIO Inc. (NYSE:NIO) to report a net income (adjusted) of -$0.16 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2021 is predicted to come in at $1.02B.

Genworth Financial Inc. (GNW), due to announce earnings after the market closes today, is expected to report earnings of $0.18 per share from revenues of $1.96B recently concluded three-month period.

That's it for today. Thanks for reading. Good luck out there!Best Regards,News Heater Team

P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!

Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.