The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 38,798,960 cases with around 637,530 deaths. India confirmed a total of at least 32,737,930 cases and 438,210 deaths, while Brazil reported over 20,741,810 COVID-19 cases with 579,300 deaths. In total, there were at least 216,465,710 cases of COVID-19 worldwide with more than 4,502,260 deaths, according to data compiled by Johns Hopkins University. The leading and lagging sectors affecting NASDAQ, including Consumer discretionary shares gaining 1.1% on Monday. Meanwhile, top gainers in the sector included Vinco Ventures, Inc. BBIG 46.79%, up 50% and Aterian, Inc. ATER 17.93% up 18%. Catalent, Inc. CTLT 0.18% reported weaker-than-expected earnings for its second quarter on Friday. The company also announced plans to acquire Bettera, a gummy manufacturer, for $1 billion. 

BULLISH AND BEARISH CONDITIONS / POSSIBILITIES :

Catalent posted quarterly adjusted earnings of $1.16 per share, missing market estimates of $1.03 per share. The company’s quarterly sales came in at $1.19 billion, versus estimates of $1.14 billion. Catalent said it sees FY22 sales of $4.30 billion to $4.50 billion, versus analysts’ estimates of $3.94 billion. The equities which have been performing on a hawkish note and supporting the bullish stance of NAS100 areShares of Globalstar, Inc. GSAT 62.94% got a boost, shooting 37% to $1.9522 following a note sent out by popular Apple Inc. AAPL 3.03% analyst Ming Chi-Kuo that the technology giant could partner with Globalstar on bringing low-earth-orbit satellite communications functionality in the highly-anticipated iPhone 13. These equities have been trading lower which might bring a dovish correction in the indice based on its position (just below our lower trend line , acting as a resistance) - that can provide a dive towards 15185 ; Astra Space, Inc. ASTR 16.54% shares tumbled 22% to $9.16 after the company announced its LV0006 launch vehicle failed to properly launch.

Shares of 22nd Century Group, Inc. XXII 11.96% were down 15% to $3.3619. 22nd Century Group announced entry into the global specialty hops market.

ADTRAN, Inc. ADTN 14.05% was down, falling 15% to $20.86. ADTRAN and ADVA announced combination through all-stock transaction.

NAS100

Aug 31 2021

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