Stocks were flat in early trading after snapping a two day losing streak in the previous session. The three major benchmarks each saw significant gains yesterday. The S&P 500 and the Dow each advanced 0.93% while the Nasdaq gained 1.19%. Small caps were particularly strong, with the Russell 2000 ending the day 2.35% higher for its best day since March 1. Let’s see if yesterday’s gains will stick.
Companies tied to the economic reopening are leading the way these days. Today’s trade alert highlights a firm that stands to benefit as more and more U.S. citizens receive the vaccine and the public picks up where they left off with pre-covid plans for non-emergency medical procedures.
InvestorPlace & Charlie Shrem
The 4 Top Cryptos to Buy Before the “Big Upgrade” (Not Bitcoin)
Virtually every major corporation and government agency is investing billions to prepare for this event. I’m talking about Apple, Microsoft, Google, Amazon, Facebook, and the departments of Defense and Homeland Security, to name a few. We’ve located four small altcoins that we predict will be the biggest winners from this technology upgrade. [Full Story…]
NeoGenomics (NEO), an oncology testing and research laboratory, is still coming out from under the pressure of the pandemic, which led to the cancellation of legions of procedures.
But there’s been quite a lot of activity at the company, nevertheless, and analysts still see it as one of the better small-cap growth stocks to buy.
In February, the company said longtime Chairman and CEO Doug VanOort would step aside to become executive chairman in April. He was succeeded by Mark Mallon, former CEO of Ironwood Pharmaceuticals (IRWD). The following month, NeoGenomics announced a $65 million cash-and-stock deal for Trapelo Health, an IT firm focused on precision oncology.
Although COVID-19 has been squeezing clinical volumes, analysts by and large remain fans of this small cap’s industry position.
“We continue to find the company’s leading market share in clinical oncology testing and expanding presence in pharma services for oncology-based clients to be a very attractive combination,” writes William Blair equity analyst Brian Weinstein, who rates NEO at Outperform.
Of the 12 analysts covering NEO tracked by S&P Global Market Intelligence, nine call it a Strong Buy, two say Buy and one says Hold. With an average target price of $63.20, analysts give NEO implied upside of about 25% in the next year or so.
Where to invest $1,000 right now...
Before you consider buying NeoGenomics, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2021...
And it's not NeoGenomics.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
TRUE MARKET INSIDERS
Wall Street Legend: The “Biden Boom” Is Here, Are You Prepared?
While mainstream news continues to divide the political narrative… Most American’s are clueless that one President Biden policy could unintentionally trigger an enormous wealth opportunity by April 30th. [Full Story…]