What do autumn leaves and recent stock prices have in common? Yep, both are falling.
MarketBeat.com - MarketBeat Things are getting worse for U.S. equity. The British pound just hit an all-time low against the dollar, and companies are warning about the state of the economy.
With September being one of the worst months in the market in the past, the third quarter returns on the market will be bad.
It might be a good thing if you are a long term investor. One of the few places to find lower prices is the stock market.
It hasn't been a bad quarter so far. Some stocks have made big gains despite the summer slump. The best places to hide in a dim market are the bright spots. Three Q3 performers have good upside.
The company is on track to finish up 45% in the third quarter. The company's stock has gone from triple digits to double digits twice in the last year.
There has been a lot of buying interest since Sarepta's Q2 update. Management raised its full year revenue guidance despite the mixed quarterly results. Sales of the three therapies targeting rare and infectious diseases were better than expected.
The FDA lifted its clinical hold on Part B of Sarepta's trial of SRP-5051, a potential treatment for Duchenne muscular dystrophy. It is a major positive that the MOMENTUM study can be resumed. Despite the setbacks, it is still on track to complete trial enrollement by the end of the year.
SRP-9001 may be the most promising catalyst going forward. The studies involve 45 total patients.
There are over 40 programs related to various forms of muscular dystrophy at Sarepta. This, along with the recent regulatory and clinical momentum, prompted the investment bank to reiterate its buy rating on Monday and give the stock a $150 target.
Over the last few months, Plug Power has increased in value. In late July, Congress was zeroing in on a historic climate bill that will devote $369 billion to climate and alternative energy projects
Plug Power is a company that is developing hydrogen energy technologies. More than 50,000 times, its HFC systems have been used for e-mobility. Plug Power technology is being used by Amazon, BMW, and Walmart.
Plug Power probably won't revisit its lows from this summer given the climate bill's potential to bring a lot of money and attention to clean energy solutions As general market conditions improve, we could see this name run fast.
The last five Wall Street opinions on Plug Power have been positive. H.C. Wainwright's target suggests the stock could even surpass its January 2021 peak. The transportation industry is moving from gas to clean energy and hydrogen and Plug Power are poised to play a big role.
The company is on track to finish up 40% in the third quarter. The recent troubles in the digital ad market have been an exception to the rule.
The Trade Desk's Q2 revenue growth came from both new customers and expanded agreements with existing customers. The better than expected performance shows that the digital ad pause hasn't hurt the business or helped The Trade Desk.
The Trade Desk continues to push ahead despite the cautious ad spending backdrop. The company's relative immunity to macro pressures is a sign that the business will only strengthen as the digital advertising pool increases.
Management has always been on the conservative side. The company forecast $385 million in revenue in the third quarter, but it will likely be surpassed. After last month's high volume gapper, an investment opportunity is forming ahead of the October 4th Investor Day event and Q3 earnings report.
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