• About
  • Meet The Team
  • Privacy Policy
Thursday, January 21, 2021

Stocks Telegraph
  • Login
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers
No Result
View All Result
Stocks Telegraph
No Result
View All Result

Stocks to Watch as Markets Rebound

NASDAQ: MRNS, NASDAQ: SPI, NASDAQ: MNOV

by Nicholas K
September 23, 2020
in Featured, Morning News
Share on FacebookShare on Twitter

The markets are set for a strong day after showings bullish trading activity in the early morning session.  This follows data showing that despite the challenges facing the economy at the moment, consumer spending is on the rise Consumer data for the month shows that spending is likely to fall by 5.8% compare to 2019, but it was much better than August 2020, when it dropped by 10%.

This has created lots of excitement as it points to resilience in the economy. With a bailout plan from the government yet to materialize, growth in consumer spending points to an economy that is growing and would take off once the pandemic cloud clears.

According to an economist from Morgan Stanley, savings build-up due to the CARES Act would give consumers a cushion going into Q4 and all the way into 2021.  She further noted that the spending of households has been largely stable driven by a return of jobs at a faster rate than the markets were expecting.

She further added that Morgan Stanley expects that the amount consumers choose to take from saving and spend will be dependent on hopes of fiscal support from the government. As optimism rises, there are stocks that are outperforming the market this morning and are well-positioned to keep growing all through the day. Some of the big performers this morning are:

Marinus Pharmaceuticals Inc [NASDAQ: MRNS]

Marinus Pharmaceuticals Inc is top performer this morning and is up by over 290%. This comes after the company effected a one for every four stocks held reverse split. The reverse split takes effect today after it was approved by the company’s shareholders back in March. The split will cut on the company’s outstanding shares to 30.6 million from the previous 122.3 million.

SPI Energy Co. Ltd [NASDAQ: SPI]

SPI Energy Co Ltd is another top performer this morning and is up by over 200% This follows the company’s announcement that it had launched a subsidiary that will focus on electric vehicles. CEO Xiaofeng Peng stated that the move was a major milestone for the company, and would add to the company’s diverse range of businesses in the renewables market.

MediciNova Inc [NASDAQ: MNOV]

MediciNova Inc is another top performer pre-market and is up by over 20%. This follows the company’s announcement that its COVID-19 vaccine was a success in generating antibodies that neutralized SARS-CVOV-2 in mice.  This is a big deal as the world is in a race for a vaccine.

 

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

Tags: Morning NewsNASDAQ: MNOVNASDAQ: MRNSNASDAQ: SPI

Related Posts

Rekor Systems Inc [REKR] Is Just Getting Started on Gains
Featured

Gevo Stock in a dump mode following $350 million offerings, but buoyant in long-term

January 20, 2021
Tesla Inc. (NASDAQ: TSLA) Reportedly Discuss Nickel Supply Deal With Top Miner BHP
Featured

Alibaba (BABA) Stock comes to life after Jack Ma reappears; The potential prospect of BABA this year

January 20, 2021
9 Trending Stocks in Travel Services Industry That Can Be A Good Bets
Morning News

Early Morning Vibes: The 4 Best Stocks To Buy Now

January 20, 2021
Is Twilio (NYSE: TWLO) Stock A Buy?
Featured

All Hail Streaming King Netflix Inc. (NFLX)

January 20, 2021
Why Globus Maritime Limited (NASDAQ: GLBS) Stocks Soaring Today?
Featured

How will Coupa Software Inc (COUP) perform this year?

January 19, 2021
Why Tesla Inc (NASDAQ: TSLA) Stock Might Be A Great Pick?
Morning News

Early Morning Vibes: Top 4 Stocks To Watch Right Now

January 19, 2021
Next Post
20 Trending Stocks In Specialty Retail Industry To Watch

20 Trending Stocks In Specialty Retail Industry To Watch

Early Morning Vibes: The 4 Best Stocks To Buy Now

Blonder Tongue Receives U.S. Patent Grant For DMM Series Of Products
by Shan Zee
January 14, 2021
0

American stock markets ended trading largely in the green zone on January 13. The S&P 500 index improved to 3810...

Read more

Early Morning Vibes: Top 4 Stocks To Watch Right Now

Why Tesla Inc (NASDAQ: TSLA) Stock Might Be A Great Pick?
by Shan Zee
January 19, 2021
0

For Martin Luther King Day, the U.S. treasuries were closed yesterday. In the meantime, on Wednesday, the Americans are waiting...

Read more

Early Morning Vibes: 4 Stocks We Like for Friday

by Shan Zee
January 15, 2021
0

On January 14, the American stock indices closed in the red. The S&P 500 index dropped 0.38% to 3796 points,...

Read more

Early Morning Vibes: The 4 Best Stocks To Buy Now

9 Trending Stocks in Travel Services Industry That Can Be A Good Bets
by Shan Zee
January 20, 2021
0

On January 19, American stock indexes finished trading in the green zone. The S&P 500 Index rose 0.81% to 3799...

Read more

Early Morning Vibes: Watch These 4 Stocks Today

Beasley Broadcast Group (NASDAQ: BBGI) Announces Operating Results
by Shan Zee
January 13, 2021
0

The US stock indexes were traded in small ranges on January 12. The S&P 500 has risen symbolically by 0.04%...

Read more
  • About
  • Meet The Team
  • Privacy Policy

© 2020 Stocks Telegraph - All Rights Reserved

No Result
View All Result
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers

© 2020 Stocks Telegraph - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.