Weibo (WB) – A play on the Chinese equivalent of Twitter. In top weekend news, US President Biden and Chinese President Xi met in order to discuss ways to effectively reopen communication between the two nations.
DICK’S Sporting Goods (DKS) – A play on a sporting goods retailer. An analyst at retail-focused Telsey Advisory maintained an Outperform rating on DICK’S shares Monday morning ahead of the company’s quarterly results on Tuesday of next week. The analyst noted an expectation for DICK’S to beat quarterly sales amid “continued demand for fitness and outdoor equipment and athletic apparel & footwear.”
MorphoSys (MOR) – One of Monday morning’s biggest decliners. Shares were down nearly 30% following news out of company partner Roche that studies for an Alzheimer’s treatment candidate did not meet their primary endpoint.
Freight Technologies (FRGT) – Monday morning’s biggest winner. The company’s stock was initiated for coverage by analyst firm Chardan with a Buy rating and $2.25 price target. The firm’s new price target represents potential upside of nearly 500%. Freight Technologies is a low-float name with about 8 million shares in its float.