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Yesterday, President Trump announced that U.S. Federal Reserve Chair Janet Yellen may stay on after her term ends in 2018. This is one of four campaign reversals announced yesterday by the president.
Iron ore lost 16.6% in the past five trading sessions and was down 8.5% yesterday alone as geopolitical tensions rise. Currently, iron ore is trading at $68.04.
Lastly, don't forget that the markets will be closed tomorrow in observance of Good Friday.
Now that we know what's moving markets, here are the three top stocks to watch today...
Top Stocks to Watch Today: Incyte Corp. (Nasdaq: INCY)
Incyte stock is up 1.2% in early morning trading after analysts upgraded their outlook for the company.
Three analysts have increased their rating on the biopharmaceutical company. The average rating for Incyte is a "Buy." The average one-year price target for Incyte has been raised to $151.94 from $122.25.
The company has therapeutics in various stages of development ranging from preclinical through commercialized products.
With the commercialization of some of its treatments, the company has gone from losing money in 2014 to becoming profitable in 2015. Earnings increased 1,496% from 2015 to 2016.
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INCY stock is currently trading at $138.27 for a gain of 37.9% so far this year.
Top Stocks to Watch Today: Century Aluminum Co. (Nasdaq: CENX)
Century Aluminum stock is up 1.8% in early morning trading after it fell 9.87% yesterday.
It is unclear why the aluminum producer fell so much yesterday. Today's early gains are likely price correcting for the large price drop yesterday.
CENX stock is trading at $12.06 for a gain of 40.9% year to date (YTD).
Top Stocks to Watch Today: Advanced Micro Devices Inc. (Nasdaq: AMD)
Advanced Micro Devices stock is down 2.4% in early morning trading after famed stock-picker Joe DiMenna cut his stake in the company.
DiMenna sold 20% of his stake worth $9.896 million.
AMD has 20 analysts following it, and they give the company an average one-year price target of $12.20. This is 4% lower than the current price per share.
If the company meets analysts' expectations of earnings per share of -$0.04, the price target could drop further since this would be the third quarter of declining profits.
AMD is currently trading at $12.77 for a gain of 12.6% YTD.
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