GBA Presents: THE BARE ESSENTIALS

One trick in investing is to have a knowledge of what stock was being very favorably thought of before the sell off and that stock would be Health Equity. HQY.

Guggenheim starts HealthEquity at Buy with $89 price target 06:45 HQY As previously reported, Guggenheim analyst Sandy Draper initiated coverage of HealthEquity with a Buy rating and $89 price target. HealthEquity is the largest player in the health savings account, or HSA, market, has "an excellent management team, a business model that has high visibility, and has met or exceeded consensus EBITDA estimates every quarter for the past five years, Draper tells investors. Draper views HealthEquity as a long-term, 10% top-line growth story with high EBITDA margins that could expand, the analyst added.

STOCK OF THE DAY- HQY-
 
New Fortress Energy price target raised to $49 from $40 at Credit Suisse 06:42 NFE Credit Suisse analyst Spiro Dounis raised the firm's price target on New Fortress Energy to $49 from $40 to reflect the recent FLNG 2 announcement. The analyst keeps an Outperform rating on the shares.

-- If you were with me yesterday you know I was going to maybe send this idea to HF.

-- Iovance Biotherapeutics price target raised to $34 from $30 06:31 IOVA Baird analyst Michael Ulz…

-- Li-Cycle price target lowered to $10 from $11 at Citi 06:26 LICY Citi analyst P.J. Juvekar lowered the firm's price target on Li-Cycle to $10 from $11 and keeps a Buy rating on the shares post the Q1 results.

<<-------->>

Switch price target raised to $35 from $28 at Credit Suisse 06:21 SWCH

Switch is the type of name you might buy today. Cloud crap-

SWCH- $31.23 <-- only problem is it seems to have held up really well.

Amazon Prime Air drone delivery to cost $63 per package, BI reports 06:16 AMZN Amazon's goal to deliver 1 million packages via drone in 2025 will come with a hefty price tag, with leaked documents showing the average cost for a package delivered by drone will be $63, Business Insider's Eugene Kim and Katherine Long report. Amazon's current on-the-ground per package delivery cost is estimated to be less than $5.50, the report notes.
 
--Shift4 Payments resumed with a Buy at Citi 05:38 FOUR

--Roblox initiated with a Buy at Citi 05:36 RBLX Citi analyst Jason Bazinet initiated coverage of Roblox with a Buy rating and $59 price target. Roblox is a "unique two-sided gaming platform" with positive free cash flow and a "relatively lean" capital structure, Bazinet tells investors in a research note. After a sharp reduction in Street estimates, consensus estimates are now reasonable, says the analyst. Bazinet adds that while the company's valuation is above many peers, this is justified given its strategic position, "rapid growth and healthy pipeline of product enhancements."

--Aerojet Rocketdyne upgraded to Overweight from Neutral at JPMorgan 04:41 AJRD JPMorgan analyst Seth Seifman upgraded Aerojet Rocketdyne to Overweight from Neutral with a price target of $49, up from $40. The stock's current valuation is attractive given Aerojet's "visible growth," net cash position that leaves capital to deploy, and the "potential (eventually) to be acquired," Seifman tells investors in a research note. The ongoing proxy fight between the CEO and the chairman is an "unusual overhang" and may take time to resolve but with limited downside from a valuation standpoint and good near-term growth, Aerojet "is worth exploring now," writes the analyst.

--Teladoc initiated with a Buy at Guggenheim 16:13 TDOC Guggenheim analyst Sandy Draper initiated coverage of Teladoc with a Buy rating and $96 price target.
 
This is really interesting.--

NFL becomes Genius Sports' biggest U.S. shareholder, Sportico reports 16:05 GENI The National Football League is now the largest American owner of equity in Genius Sports as it controls about 7.7% of the business after 4.25 million warrants vested last week, reported Sportico's Brendan Coffey and Eben Novy-Williams. Genius Sports shares spiked into the close following Sportico's report

Rent The Runway raising cost of subscriptions by 5% on average, Bloomberg says 15:45 RENT Rent The Runway is raising the cost of its monthly subscription services by an average of 5% due to inflation, reported Bloomberg, citing an email to customers and confirmation from a company spokesperson. The price of its most popular plan will increase to $144 per month from $135 and the price increases will take effect starting in May, the report noted.

SPACE NEWS-
  • Momentus (NASDAQ:MNTS)rallies 49.2% higher premarketafter it signed multiple launch agreements with Space Exploration Technologies (SPACE) which reserves slots for the former on four upcoming SpaceX Transporter missions.
  • The missions include - Transporter-6 mission targeted for October 2022, Transporter-7targeted for January 2023, Transporter-8 targeted for April 2023 and Transporter-9 targeted for October 2023.
  • These slot reservations are in addition to a Launch Services Agreement signed in 2021 for the SpaceX Transporter-5 mission targeted for launch in June 2022.
  • Momentus plans to fly its inaugural Vigoride demonstration flight on the upcoming SpaceX Transporter-5 mission; Vigoride spacecraft recently completed Thermal Vacuum Testing.
 
The Problem With Wind Farms-

NextEra Energy fined $8M in eagle deaths at wind farms

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NextEra Energy (NYSE:NEE) subsidiary ESI Energy was sentenced Wednesday to probation andordered to pay more than $8Min fines and restitution after at least 150 eagles were killed over the past decade atits wind farms in eight states.
 
Pfizer to broaden RSV portfolio with deal to acquire ReViral for up to $525 million

  • In a bid a strengthen its portfolio targeted at respiratory syncytial virus (RSV), Pfizer (NYSE:PFE) has agreed to acquire privately-held ReViral for a total consideration of up to $525 million, including upfront and development milestones.
  • ReViral has clinical candidates targeted at RSV infection, including sisunatovir, an oral inhibitor to block viral fusion to host cells.
  • Backed by Fast Track designation by the U.S. Food and Drug Administration (FDA), sisunatovir is currently undergoing Phase 2 studies in infants following a phase 2 RSV human challenge study in healthy adults.
  • The programs, being advanced by ReViral, are expected to generate more than $1.5 billion of annual revenue if successful, according to Pfizer (PFE).
 
DOMO is a stock we might think about now. DOMO has a bit more debt than we would like.
DOMO is a Utah-based provider of BI (business intelligence) software.

DOMO had good earn last time out. In its most recent quarter, Domo managed to accelerate billings to 30% y/y growth.

DOMO is very much like ZENDESK. DOMO will eventually be bought.

FOR YOUR CONSIDERATION- DOMO + 29% 1 month how many tech stks can say hat?

DOMO @$51-$52
 
DOCU seems more risky. DOCU is not going away. DOCU CEO CEO Daniel Springer purchased 66,882 shares of the common's stock, worth ~$5M.
  • The shares were purchased at $73.20 - $77.07 price range in a transaction dated Mar. 15, 2022.
  • DOCU-$103
 
The last few days have been brutal right-?

ZENDESK + 3%. I wrote a piece about ZEN recently. The thesis here is this is the one tech stk you can hold because so much is going on behind the scenes.-

ZEN is $122 and the rumor is a Buyout offer of $180+ is coming....///
 
I was obviously a little jumpy yesterday with an active gummy in a plunging market....
Normally we would still be in GDYN but my shock & awe at a $1 Gummy in the face of a down 300 Naz I took it.

For whatever reason things are less panicky today.
Lets watch- Grid.

Grid Dynamics price target raised to $25 from $22 at Needham 08:25 GDYN Needham analyst Mayank Tandon raised the firm's price target on Grid Dynamics to $25 from $22 and keeps a Buy rating on the shares. The analyst cites the company's positive update on its current operations and business continuity efforts in response to the conflict in Ukraine. Tandon adds that he is impressed with Grid Dynamics management's ability to quickly diversify their delivery and outperform their guidance in the face of the impact to their operations from the ongoing conflict.
 
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