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6 may - morning newsletter
Top 4 Stocks to Trade Today
Good Morning!
The S&P 500 closed the day with 0.07% gain. The Nasdaq 100, on the other hand, went down 0.30%. T-Mobile was the strongest company in the technology index, while Verisk Analytic was the weakest. The Dow Jones was able to hit a new all-time intraday high yesterday, but there was no significant breakout.The Dow price appears to be moving sideways since April 20. The strongest share in the Dow Jones was Dow Inc while Boeing was the weakest company in the oldest US stock index. We saw a mixed picture in Asia. The Japanese Nikkei index was up 1.8%, Shanghai Composite up 0.45% and the broad CSI300 was down 0.20%.
Ultra-Low-Priced Mining Stock Rising on Copper Boom for the AgesCopper is soaring & investors are cashing in. The EV boom and the electrification of everything has copper at 10-year highs above $4.50 per pound. Biden's Green Energy mandate and $2.3 Trillion infrastructure and decarbonization plan means even greater copper demand this year and next. The Smart Money is going into this $0.50 copper miner that just secured a nearly 1 Billion Ton deposit in Canada.
Today Top Movers
Stealth BioTherapeutics Corp (MITO) stock soared 77.5% to $2.13 in the pre-market trading. The most recent rating by ROTH Capital, on April 14, 2020, is a Buy. Stealth BioTherapeutics Showcases Data for Elamipretide in Dry Age-Related Macular Degeneration at the 2021 ARVO Annual Meeting.American Shared Hospital Services (AMEX: AMS) shares are trading up 30.14% at $4.62 at the time of writing. Company’s 52-week ranged between $1.41 to $4.26.PayPal Holdings Inc. (PYPL) grew over 4.17% at $257.71 in pre-market trading today. PayPal Reports First Quarter 2021 Results.Marathon Digital Holdings Inc. (MARA), a Capital Markets company, rose about 3.73% at $34.8 in pre-market trading Thursday. Marathon Digital Holdings Becomes the First North American Enterprise Miner to Produce Fully AML and OFAC Compliant Bitcoin.
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Top Upgrades & Downgrades
Evercore ISI Group turned bullish on Ultragenyx Pharmaceutical Inc. (RARE), upgrading the stock to "Outperform" and assigning a $144.0 price target, representing potential upside of 7.02% from Wednesday's close.
National Grid plc (NGG) has won the favor of Berenberg's equity research team. The firm upgraded the shares from Hold to Buy.
Cumulus Media Inc. (CMLS) received an upgrade from analysts at B. Riley FBR, who also set their one-year price target on the stock to $14.0. They changed their rating on CMLS to Buy from Neutral in a recently issued research note.
Earlier Wednesday Mizuho reduced its rating on Pfizer Inc. (PFE) stock to Neutral from Buy and assigned the price target to $42.0. With shares trading at around $39.97, the Wall Street firm thinks Pfizer Inc.'s stock could add than -3.22%.
DA Davidson analysts reduced their investment ratings, saying in research reports covered by the media that its rating for General Finance Corporation (GFN) has been changed to Neutral from Buy and the new price target is set at $19.0.
Analysts at National Bank Of Canada downgraded DIRTT Environmental Solutions Ltd. (DRTT)'s stock to Sector Perform from Outperform on Thursday.
Five Stocks to Watch During the Cryptocurrency BoomAs cryptocurrencies start to dip, the stocks that surround the groundbreaking currency are poised for growth.Now, this exclusive report guides you to stocks that have exposure to this brand new market.
Latest Insider Activity
Facebook Inc. (FB) COB and CEO Zuckerberg Mark announced the sale of shares taking place on May 05 at $317.64 for some 68,000 shares. The total came to more than $21.6 million.
Big 5 Sporting Goods Corporation (BGFV) Chairman, President and CEO MILLER STEVEN G sold on May 05 a total 686,885 shares at $21.24 on average. The insider’s sale generated proceeds of almost $0.21 million.
Amphenol Corporation (APH) Director Livingston Robert declared the purchase of shares taking place on May 04 at $65.92 for some 20,000 shares. The transaction amount was around $1.32 million.
PQ Group Holdings Inc. (PQG) Director Vann Kyle D bought on Apr 29 a total 121,543 shares at $14.01 on average. The purchase cost the insider an estimated $140,050.
Capitalize on the EV Boom with this Top-Stock below $1 Per ShareThe Electric Vehicle boom is here. We could see over 300 million EVs on the road by the end of the next decade. And individual investors - just like you - are cashing-in. The Smart Money is going straight to the source by investing in under-the-radar lithium mining stocks like this one: Developing one of the only lithium projects on US soil and currently trading below US$1 per share.
Important Earnings
Top US earnings releases scheduled for today include Chiasma Inc. (NASDAQ:CHMA). It will announce its Jun 2021 financial results. The company is expected to report earnings of -$0.31 per share from revenues of $3.4M in the three-month period.
Analysts expect Peloton Interactive Inc. (NASDAQ:PTON) to report a net income (adjusted) of -$0.12 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2021 is predicted to come in at $1.11B.
AMC Entertainment Holdings Inc. (AMC), due to announce earnings after the market closes today, is expected to report earnings of -$1.3 per share from revenues of $153.43M 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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