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Facebook Inc – Looking to extend its record run from late day yesterday, shares are set to open at their highest level ever after rallying more than 4% on Monday, hitting a record $1 trillion in market capitalization after a judge dismissed a Federal Trade Commision (FTC) lawsuit against co.
Big Banks – The group on watch this morning after Wells Fargo & Co said on Monday it planned to repurchase $18 billion worth of shares for the period between the third quarter of 2021 and the second quarter of 2022. The bank also said it expects to double its common stock dividend in the third quarter to 20 cents per share. The decision comes after last week’s stress tests conducted by the FED were passed with flying colours by all included in the sector. WFC, JPM, GS, BAC, MS
SOFI Technologies – Actively traded for the second straight morning looking to extend yesterday afternoon’s rally, there has been multiple positive analyst moves and comments over the past few sessions on the stock. The stock also jumped to the #1 position the WSB sentiment chart on Monday.
Solar Stocks – Coming off two straight strong performances following last week’s infrastructure spending news out of Washington. Canadian Solar Inc was among the leaders in the group yesterday and announced this morning the company has been awarded an 86 Mwp in Japan’s 8Th Solar Energy Auction. CSIQ, FSLR, RUN, SPWR, JKS
Squeeze Stocks – XELA, MRIN continue to lead the volume and sentiment lists from WSB. WKHS, CLOV and WISH also remain in focus while fan favorite AMC has lost a few positions over the past week. Moxian shares MOXC are also actively traded premarket up more than 8% early on.
Virgin Galactic – Down sharply premarket and active once again after yesterday’s reversal, the stock was up 40% Friday after the company announced it had secured a full FAA commercial license for space travel.
Tesla Inc – Lower in early trading after UBS cut its price target by roughly 10%, citing growing competition. At the same time Credit Suisse analysts are out with a projected record delivery number for June for the EV maker.
Bsquare Corp – Micro-cap software maker up sharply premarket, the company has a 12.5m share free float that is more than 5% short.
Auddia Inc – Another micro-cap software maker rallying for the third straight session, the proprietary AI platform for audio and innovative technologies for podcasts announced the release and national launch of its flagship Auddia App ahead of schedule.
VERB Technology Company – Trading sharply higher after Ascendiant initiates with ‘buy’ on strong growth prospect.
VBI Vaccines – VBI Vaccines announced initial positive phase 1 data for its EVLP Vaccine Candidate Against Covid-19.