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9 Sep - NH - Morning Newsletter
4 Hot Stocks To Watch Today
Good Morning!
American stock indices closed lower on Wednesday. Investors remain worried about the increased incidence of COVID-19 and the uncertainty around the timing of the withdrawal of central bank stimulus programs.The S&P 500 is down 5.96 points, or 0.1%, to 4514.07, the Dow Jones Industrial Average is down 68.93 points, or 0.2%, to 35,031.07, and the Nasdaq is down 87. 69 points, or 0.6%, to 15286.64.In recent days, stock markets have slowed down. Investors analyzed the rise in the incidence of coronavirus and the disappointing US employment report released on Friday. Stock managers are awaiting fresh signals from the Fed and the ECB on how signs of a slowdown in the economic recovery and high inflation could affect plans to wind down monetary stimulus.Moreover, investors are beginning to doubt the preservation of the dynamics of the S&P 500 index in the second half of the year, which has grown by more than 20% since the beginning of the year.Bitcoin selloffs eased on Wednesday. It was down about 1.9% on Wednesday from 21:00 GMT on Tuesday, and was trading at $ 45,896.30, according to CoinDesk data. On Tuesday, bitcoin lost 17% at one point, and fell by 10% as a result of trading.
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Today Top Movers
Cardiff Oncology Inc. (CRDF) stock soared 20.99% to $8.53 in the pre-market trading. The company released new data from phase 1b/2 Trial in KRAS-mutated Metastatic Colorectal Cancer showing robust objective response rate and progression free survival.
Lululemon Athletica Inc. (NASDAQ: LULU) shares are trading up 14.06% at $434.4 at the time of writing after announcing second-quarter fiscal 2021 results.
ProQR Therapeutics N.V. (PRQR) grew over 13.51% at $7.73 in pre-market trading today. The company will conduct a conference call to discuss the Axiomer® RNA Editing Platform.
ADMA Biologics Inc. (ADMA), a Biotechnology company, rose about 4.24% at $1.23 in pre-market trading Thursday after receiving FDA approval for VanRx Aseptic Fill-Finish Machine and related operations.
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Top Upgrades & Downgrades
Stifel turned bullish on BioMarin Pharmaceutical Inc. (BMRN), upgrading the stock to "Buy" and assigning a $96.00 price target, representing potential upside of 25.16% from Thursday's close.
AppLovin Corporation (APP) has won the favor of Stifel's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $90.00, suggesting 32.35% additional upside for the stock.
Banco Santander S.A. (SAN) received an upgrade from analysts at Jefferies. They changed their rating on SAN to Hold from Underperform in a recently issued research note.
Mizuho analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Eversource Energy (ES) has been changed to Underperform from Neutral and the new price target is set at $85.00.
Analysts at Citi downgraded The Sherwin-Williams Company (SHW)'s stock to Neutral from Buy Thursday.
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Latest Insider Activity
Bill.com Holdings Inc. (BILL) President and CEO Lacerte Rene A. announced the sale of shares taking place on Sep 08 at $298.64 for some 15,959 shares. The total came to more than $4.77 million.
Edwards Lifesciences Corporation (EW) CVP, Critical Care Szyman Catherine M. sold on Sep 08 a total 27,415 shares at $121.28 on average. The insider’s sale generated proceeds of almost $1.18 million.
GoodRx Holdings Inc. (GDRX) 10% Owner Abdiel Capital Management, LLC declared the purchase of shares taking place on Sep 08 at $40.41 for some 143,897 shares. The transaction amount was around $5.81 million.
9 Meters Biopharma Inc. (NMTR) Director Sirgo Mark A bought on Sep 07 a total 1,172,595 shares at $1.36 on average. The purchase cost the insider an estimated $99,999.
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Important Earnings
Top US earnings releases scheduled for today include Affirm Holdings Inc. (NASDAQ:AFRM). It will announce its Jun 2021 financial results. The company is expected to report earnings of -$0.29 per share from revenues of $226.39M in the three-month period.
Analysts expect Zscaler Inc. (NASDAQ: ZS) to report a net income (adjusted) of $0.09 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jul 2021 is predicted to come in at $186.82M.
Sumo Logic Inc. (SUMO), due to announce earnings after the market closes today, is expected to report earnings of -$0.14 per share from revenues of $56.69M 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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