4 may - NH - Morning Newsletter

Good Morning!

In the United States, good progress has been made with the vaccination program and several states are slowly opening their doors again. At the same time, India is currently being hit hard by the corona virus. The country reported more than 357,000 new corona cases in 1 day, bringing the total to over 20 million. On the stock markets, we see the optimism reflected in value stocks, which have been outperforming growth stocks for a while. This translates into new all-time highs on the Dow Jones and S&P 500, while the Nasdaq is lagging somewhat. Yesterday again, the S&P 500 was up 0.27%, while the Nasdaq closed with a loss of 0.48%. In response to New York and Florida announcements to lift all corona measures, retail stocks soared; Macy's and Gap were up more than 7%, Dillard's were up 10% and Urban Outfitters were up more than 5% . In Florida, the closure is effective immediately and in New York everything will reopen on May 19. Consumers are expected to return to the shopping malls immediately after the opening. On the other hand, this could lead to inflation, higher interest rates, which is less good for growth companies with a lot of debt. Amazon.com, which benefited enormously from the corona lockdowns, lost 2.43%.

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Today Top Movers

Cocrystal Pharma Inc. (COCP) stock soared 59.68% to $1.98 in the pre-market trading. The most recent rating by H.C. Wainwright, on July 08, 2020, is a Buy. Cocrystal Pharma Provides Update on its COVID-19 Antiviral Discovery and Development Programs.Vaxart Inc. (NASDAQ: VXRT) shares are trading up 16.58% at $9.35 at the time of writing. Company’s 52-week ranged between $2.23 to $24.90. Analysts have a consensus price target of $17. New Data from Vaxart Oral COVID-19 Vaccine Phase I Study Suggests Broad Cross-Reactivity against Other Coronaviruses.51job Inc. (JOBS) grew over 15.52% at $70.85 in pre-market trading today.Huttig Building Products Inc. (HBP), a Industrial Distribution company, rose about 18.62% at $4.97 in pre-market trading Tuesday. Huttig Building Products, Inc. Announces Record First Quarter Net Earnings.

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Top Upgrades & Downgrades

Needham turned bullish on Ceragon Networks Ltd. (CRNT), upgrading the stock to "Buy" and assigning a $4.5 price target.

W.W. Grainger Inc. (GWW) has won the favor of Atlantic Equities's equity research team. The firm upgraded the shares from Underweight to Neutral and moved their price target to $435.0, suggesting -6.23% additional downside for the stock.

Advance Auto Parts Inc. (AAP) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $227.0. They changed their rating on AAP to Buy from Sell in a recently issued research note.

Earlier Tuesday Keybanc reduced its rating on Dollar General Corporation (DG) stock to Sector Weight from Overweight. With shares trading at around $216.57.

Baird analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Bank of America Corporation (BAC) has been changed to Neutral from Outperform and the new price target is set at $42.00.

Analysts at UBS downgraded Teva Pharmaceutical Industries Limited (TEVA)'s stock to Neutral from Buy on Tuesday.

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.

Latest Insider Activity

Ocugen Inc. (OCGN) Chief Executive Officer Musunuri Shankar announced the sale of shares taking place on May 03 at $14.24 for some 195,809 shares. The total came to more than $2.79 million.

Advanced Micro Devices Inc. (AMD) SVP & GM DESG Norrod Forrest Eugene sold on Apr 29 a total 300,641 shares at $84.23 on average. The insider’s sale generated proceeds of almost $6.67 million.

SLM Corporation (SLM) Director Franke Mary Carter Warren declared the purchase of shares taking place on Feb 17 at $15.03 for some 7,000 shares. The transaction amount was around $0.11 million.

Eli Lilly and Company (LLY) Director TAI JACKSON P bought on Apr 30 a total 61,195 shares at $182.84 on average. The purchase cost the insider an estimated $249,759.

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Important Earnings

Top US earnings releases scheduled for today include Ashford Hospitality Trust Inc. (NYSE:AHT). It will announce its Mar 2021 financial results. The company is expected to report earnings of -$1.44 per share from revenues of $120.79M in the three-month period.

Analysts expect Skillz Inc. (NYSE:SKLZ) to report a net income (adjusted) of -$0.1 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2021 is predicted to come in at $78.58M.

Virgin Galactic Holdings Inc. (SPCE), due to announce earnings after the market closes today, is expected to report earnings of -$0.27 per share from revenues of $330k 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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