Good And Bad Stock News

Company news starting with the bad:

*Huawei's French sub is under investigation for corruption and this has chopped the Hong Kong share.  we got out in time.

*Microsoft MSFT is down $1.14 because of an FTC investigation of its possible anti-competitive moves.

*Mercado Libre of Argentina is down on worries about the economy there, off 3.6%. MELI is formally incorporated outside the country in Uruguay but it really is Argie. 

*NIO was our worst performer at the open, down in Hong Kong by 5.41% after it was downgraded by an analyst who predicted it would lose HK$ .864 in the current quarter, lower than the earlier estimate of a mere .729 loss. It sells cars.

*Plug Power PLUG which makes hydrogen fuel fell 4% after surging yesterday because of worries about fuel for the world from Ukraine.

*Alvarion's target price was cut by Citi to $84 from $102.

*Qualcomm QCOM was given a lower target by Morgan Stanley at $205, down from prior $240. It is a US communication outfit.

Hands, World, Map, Global, Earth, Globe, Continents

Image Source: Pixabay

And the good:

*Ecopetrol again hit a new 52-week high, today at $19.36. It does this almost daily. EC.

*Petrobras was given a higher estimate for earnings this quarter at $1.02 up from .924. PBR.

*Nutrien is up because its TP was raised by consensus to $2.71 from $2.68. NTR.

 Drug stocks up

*Israeli TEVA was boosted over 2.5% today after Barclays Bank analysts upgraded the stock because of its Humira biosimilar. Teva is a copycat drug-maker and its leap to $10.17 is a reflection of this expertise.

*GlaxoSmithKline GSK is up after its target price was upped by Jefferies analysts to $55 from $51.4, a huge change in percentage terms for the UK drugmaker.

*Bristol Myers is up because drugs are back in focus. BMY.

*Pfizer is also up. PFE gained $1.13.

*Zymeworks rose 2.25%. It is Canadian. ZYME.

*Swiss Roche also was a winner, up c1%. RHHBY.


*AT&T with Northrup is developing for the US defense dept a 5 G sensor. T stock fell on the news.

Disclosure: None.

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