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The top stocks to watch today (Monday) are Steel Dynamics Inc. (Nasdaq: STLD), self-driving car maker Mobileye NV (NYSE: MBLY), and pharmaceutical company Heat Biologics Inc. (Nasdaq: HTBX).
Oil is down 0.8% this morning, trading at $48.11 per barrel. This is the lowest price since OPEC agreed to cut production on Nov. 30. The biggest reason for falling oil prices is increasing production from American shale producers who were looking to take advantage of rising oil prices.
Prepare for a volatile week as the market awaits the news of a rate increase following the FOMC meeting and the possibility of the U.S. debt ceiling being reset.
Now that we know what's moving markets, here are the three top stocks to watch today...
Top Stocks to Watch Today: Steel Dynamics Inc. (Nasdaq: STLD)
Steel Dynamics stock is up 1.25% in early morning trading today. Steel Dynamics is a metal recycling and steel-producing company.
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Despite the company having sales growth of -0.6% over the past five years, it has an analysts' mean recommendation of 2.1. That rating is a strong buy indicator and is likely based on future prospects. Earnings per share (EPS) are expected to grow 40.55% over the next five years.
Steel Dynamics also has a dividend yield of 1.65% ($0.14 per share).
STLD stock is currently trading at $33.98 for a loss of 4.5% year to date (YTD).
Top Stocks to Watch Today: Mobileye NV (NYSE: MBLY)
Mobileye stock is up 30% in early morning trading after Intel Corp. (Nasdaq: INTC) agreed to buy the self-driving car company.
Intel agreed to buy Mobileye for $15.3 billion ($63.54 per share). The deal is all cash and seeks to put Intel in a dominate position in the self-driving car sector.
Mobileye has 70% of the driver-assistance and anti-collision systems market globally.
MBLY stock is currently trading at $61.05 for a gain of 61% so far this year.
Top Stocks to Watch Today: Heat Biologics Inc. (Nasdaq: HTBX)
Heat Biologics stock is up 40% in early morning trading after positive phase 1b trail results.
The pharmaceutical company has achieved the efficacy targets for its HS-110 combined treatment for non-small cell lung cancer.
This phase 1 trial win on 15 participants allows the company to move to phase 2 trials of the treatment with a larger sample size.
HTBS stock is currently trading for $1.13 for a gain of 35% YTD.
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