Alright let’s get right into this morning’s exciting stock market news, Music, u.s stock futures are in the green. This morning we have the dow futures up 0.11 s, p 500 futures up 0.14 percent and nasdaq futures. Currently, up 0.16 fubotv has announced that they’ve signed a market access agreement to offer their sports book service in pennsylvania. This is through a deal with the cordish company, a provider of statewide mobile access for both sports betting and igaming. The deal brings fubo sportsbook to a minimum of four states, including the previously announced deals with new jersey, indiana and iowa. The service is expected to launch in the fourth quarter of this year, subject to regulatory approvals by adding the thrill of live streaming to the betting experience on one app fuvotv is expected to attract more fans compared to competitors like draftkings, which only operates a wagering platform. Analysts rate the fubotv stock, a strong buy with an average upside potential of 51 nicola, announced the addition of five dealers with 51 locations across nine different states. The move is aimed at increasing its nationwide class 8 truck sales and service coverage. The company is in the process of ramping up their distribution network as the first step to its expansion, nikola partnered, with the rig 360 service network in april to provide sales and service products for commercial customers at more than 65 of its dealer locations. The addition of these five independent dealers is the second phase of its plan and is expected to bring nicola’s nationwide sales and service locations to a total of 116.
analysts rate. The nikola stock, a hold with an upside of just 1.6 percent tech giant ibm, has announced that they’re acquiring data solutions, services, provider, blue tab with data analytics gaining significance daily. This buyout is expected to strengthen ibm’s foothold in the data management space and further enhance their offerings. Their senior vp said that our acquisition of blue tab will fuel migration to the cloud and help our clients to realize even more value from their mission. Critical data analysts rate the ibm stock, a moderate, buy with an average upside potential of 8 percent. Paying identity has entered into a partnership with digital business solutions provider annexinet. The partnership will involve the combination of ping’s identity access management and a nexonet’s cyber security capabilities to offer customers a complete data security system. The vp of channel sales at ping said that we’re excited to partner with the nextnet to tackle the robust security challenges organizations face today and further improve the identity experience for all customers within our ecosystem. Their stock comes in as a moderate buy, with an average upside of 40 percent paint. Company ppg industries has announced a dividend hike their next. Quarterly dividend will be 59 cents per share, which is a hike of 9.3 percent from their previous dividend. This will be paid on september 10th of to shareholders of record. As of august 10th. Their ceo said that this 50 year, milestone of annual dividend increases, has been achieved by a very limited group of companies and is a true testament to our company’s legacy of consistently rewarding our shareholders.
The increase is also a reflection of the strong confidence that ppg’s board and management team have in our ability to continue to generate and grow our operating cash flow. Their stock is rated a strong buy, with an average upside just over 10 percent. Now, let’s take a look at some notable earnings reports. We recently heard from morgan stanley, who reported impressive. Second quarter results. Their net income came in at 3.5 billion dollars or a dollar and 85 cents per share, which was above the consensus. Estimates of a dollar and 65 cents per share. Net revenue came in at 14.8 billion compared to 13.7 billion in the same period last year and above consensus, estimates of 13.96 billion, their revenue and earnings, growth, affirmed, strong performance and contributions across morgan, stanley’s, core business segments and geographies analysts rate their stock, a strong buy With an average upside just shy of 9, we also heard from u.s bancorp, who also had better than expected. Second quarter results. The bank reported adjusted earnings of a dollar and 28 cents per share, beating analysts, expectations of a dollar and 14 cents per share. Their revenues of 5.78 billion exceeded estimates of 5.62 billion. Their net interest income came at 3.16 billion up 2.4 sequentially. The beat was driven by robust performances across all segments and improved credit quality aided by the economic recovery analysts rate, their stock, a strong buy with an average upside just over 12 percent. The rest of today remains fairly quiet for earnings.
Next week. We still have a big lineup to look forward to hearing from some companies like netflix and johnson johnson, so let’s take a look at which stocks are this morning’s biggest gainers and losers. Music, our biggest gainers this morning are led by td holdings trading under the ticker glg they’re, currently up 28 they’re, followed by ion geophysical under io, currently up nearly 27 and fsd pharma under the ticker huge they’re, currently up over seven percent. Our biggest losers this morning are led by fibrogen under the ticker fgen they’re, currently down 32, followed by the liquid media group under yvr, currently down nearly 13. But this is following a gain of 65 percent yesterday and neptune wellness solutions under any pt currently down. Just over 11 percent, so that is everything for friday’s pre market morning, update bringing you up to speed before that opening bell. If you enjoyed today’s video make sure you hit that thumbs up button and say good morning in the comments down below you know, i always love hearing from you guys don’t forget to stop by at 11 30 central standard time for richard allen and i’s live stream Of our weekly recap, where we’ll discuss what’s been going on throughout the week and our opinions on it.