30 June - morning newsletter

Don't Miss these Red-Hot Stocks

June 30, 2021

Good Morning!

It's getting a bit monotonous, but Wall Street hit another all-time high. The S&P 500 rose 0.03% and closed at 4,291 points. Strongest share in the broad stock index was Skyworks Solutions. The technology exchange Nasdaq 100 closed 0.19% higher at 14,528 points and the old Dow Jones closed 0.03% higher like the S&P 500. In the Nasdaq, Pinduoduo stood out with an increase of almost 7%. The Dow had a closing price of 34,292 points and Nike was the strongest of the stock pack there with a green 2.3% on the boards. Furthermore, a two-day meeting on the global minimum tax will start today. 140 countries will participate and this will be a harbinger of the G20 meeting.OPEC+ started the long-awaited meeting yesterday to determine how quickly and how strongly oil production should be increased. First and foremost, OPEC+s stated that oil demand has improved significantly in recent months. This undeniably translates into a decline in US oil inventories. Since early 2021, oil inventories have been reduced by more than 37 million barrels. OPEC+ has extended the meeting by one day to reach a consensus as Russia and Saudi Arabia are again diametrically opposed. Russia wants to increase production quickly, while the Arab country would rather see a moderate increase. Wall Street expects an increase of 550,000 barrels a day. At the same time, oil is on a remarkable rally. It has been the best six months for oil prices in more than 15 years. Light Sweet Crude Oil is trading at around $73.50 and the other major oil price index, Brent, is trading at $74.50.

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Today Top Movers

Exela Technologies Inc. (XELA) stock soared 58.55% to $3.71 in the pre-market trading after announcing that the Digital Mailroom (DMR) platform is live and available for online signups for small and medium businesses (SMBs) in the UK.

Vertex Energy Inc. (NASDAQ: VTNR) shares are trading up 35.15% at $13.88 at the time of writing. The company recently reported an agreement to divest used motor oil collection and recycling assets for $140 million.

Bridgeline Digital Inc. (BLIN) grew over 69.62% at $5.75 in pre-market trading today.

Brickell Biotech Inc. (BBI), a Biotechnology company, rose about 23.66% at $1.15 in pre-market trading Wednesday after reporting that the final patient has completed the Phase 3 pivotal Cardigan I study and that all planned patients have been enrolled in Phase 3 pivotal Cardigan II study.

Gold's Epic Rise Creating Brand New Batch of Multi-MillionairesGold is booming and smart investors are already cashing in on the #1 Gold Investment of 2021. Yet, you haven't missed the boat. As the Biden administration blows up the federal deficit with $6 Trillion in spending, gold will be the biggest beneficiary as inflation soars. See how this ultra-low-priced US$0.25 gold stock offers investors big-time gains without having to mine a single ounce of gold.

Top Upgrades & Downgrades

BMO Capital turned bullish on BHP Group (BHP), upgrading the stock to "Outperform" from Market Perform.

Masco Corporation (MAS) has won the favor of Goldman Sachs's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $73.00.

Frontline Ltd. (FRO) received an upgrade from analysts at Danske Bank, who also set their one-year price target on the stock to $9.70. They changed their rating on FRO to Buy from Hold in a recently issued research note.

Earlier Wednesday Goldman Sachs reduced its rating on PulteGroup Inc. (PHM) stock to Neutral from Buy and assigned the price target to $62.00.

Oddo BHF analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Deutsche Bank Aktiengesellschaft (DB) has been changed to Underperform from Reduce and the new price target is set at $0.00.

Analysts at Morgan Stanley downgraded AppLovin Corporation (APP)'s stock to Underweight from Overweight Wednesday.

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Latest Insider Activity

fuboTV Inc. (FUBO) Chief Executive Officer Gandler David announced the sale of shares taking place on Jun 25 at $35.01 for some 66,482 shares. The total came to more than $2.33 million.

Royalty Pharma plc (RPRX) Director RIGGS RORY B sold on Jun 29 a total 3,451,258 shares at $41.26 on average. The insider’s sale generated proceeds of almost $19.84 million.

Sprinklr Inc. (CXM) Chief Executive Officer Thomas Ragy declared the purchase of shares taking place on Jun 25 at $16.00 for some 31,250 shares. The transaction amount was around $0.5 million.

CEL-SCI Corporation (CVM) Director YOUNG PETER R bought on Jun 28 a total 28,914 shares at $12.66 on average. The purchase cost the insider an estimated $37,971.

Gold Discovery: Tiny Sub-$0.25 Stock Set to Deliver GainsGold's dramatic bull run from $1,500 to $1,950 an ounce is only just getting started - which means you haven't missed the boat. Here's an ultra-low-priced gold stock you can buy now below US$0.15 per share that's hitting high-grade gold intercepts in its current drill program in one of Canada's richest mineral belts.Now's the time to buy before additional drill holes are released.

Important Earnings

Top US earnings releases scheduled for today include Micron Technology Inc. (NASDAQ:MU). It will announce its May 2021 financial results. The company is expected to report earnings of $1.71 per share from revenues of $7.23B in the three-month period.

Analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to report a net income (adjusted) of $0.08 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended May 2021 is predicted to come in at $1.87B.

Yum China Holdings Inc. (YUMC), due to announce earnings after the market closes today, is expected to report earnings of $0.44 per share from revenues of $2.45B 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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