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- 02 Dec - ST - Morning Newsletter (with survey at top and bottom)
02 Dec - ST - Morning Newsletter (with survey at top and bottom)
4 "Power Pick" Stocks for Today's Session
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Good Morning!Futures for US stock indices on Friday are mainly falling ahead of the release of statistical data on the labor market in the country, according to trading data.Futures for the Dow Jones industrial index (DJIA) decreased by 0.03%, to 34420 points, futures for the NASDAQ high-tech companies index - by 0.06%, to 12055.25 points, for the S&P 500 broad market index - by 0.01%, up to 4081.5 points.Later on Friday, the publication of statistical data on the labor market in the US is expected. Analysts believe that unemployment in the country in November remained at the level of October at 3.7%.Investors are attentive to such important macroeconomic data as they try to predict the actions of the US Federal Reserve System, which is fighting high inflation by raising the base interest rate.The results of the next meeting of the regulator will be announced on December 14. Most analysts polled by the CME Group portal believe that the Fed will raise its base rate by 50 basis points.
Louis Navellier: My Top 11 Stocks for 2023
There's always a bull market somewhere and the billion-dollar money manager who picked the No. 1 stock in the S&P each year from 2012 to 2021, just released his 11 Top Stock recommendations for 2023.
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Today Top Movers
Rigel Pharmaceuticals Inc. (RIGL) stock soared 41.06% to $0.965 in the pre-market trading after receiving U.S. FDA approval of REZLIDHIA™ for the Treatment of Adult Patients with Relapsed or Refractory Acute Myeloid Leukemia with a Susceptible IDH1 Mutation.
Ra Medical Systems Inc. (AMEX: RMED) shares are trading up 22.71% at $3.89 at the time of writing after the company's acquisition target, Catheter Precision Inc., said that more than 800 procedures have been performed in U.S. and European hospitals using its VIVO imaging system.
Samsara Inc. (IOT) grew over 21.62% at $12.04 in pre-market trading today. The company recently reported Q3 fiscal 2023 financial results.
UiPath Inc. (PATH), a Software - Infrastructure company, rose about 9.91% at $14.2 in pre-market trading Friday after releasing third quarter fiscal 2023 financial results.
Hidden Income 'hack'
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Top Upgrades & Downgrades
Morgan Stanley turned bullish on UDR Inc. (UDR), upgrading the stock to "Overweight" and assigning a $47 price target, representing potential upside of 14.97% from Thursday's close.
Earlier Friday Piper Sandler reduced its rating on Asana Inc. (ASAN) stock to Neutral from Overweight and assigned the price target to $16.
Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Blackstone Inc. (BX) has been changed to Equal Weight from Overweight and the new price target is set at $90.
Analysts at Wolfe Research downgraded CrowdStrike Holdings Inc. (CRWD)'s stock to Peer Perform from Outperform Friday.
Forbes mag says this strategy "like finding money in the street"
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
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Latest Insider Activity
Alphabet Inc. (GOOG) VP, Chief Accounting Officer O'Toole Amie Thuener announced the sale of shares taking place on Dec 01 at $101.13 for some 855 shares. The total came to more than $86467.0.
Huntington Bancshares Incorporated (HBAN) Senior Exec. V.P. Jones Michael Scott sold on Nov 29 a total 50,000 shares at $15.25 on average. The insider’s sale generated proceeds of almost $0.76 million.
Velodyne Lidar Inc. (VLDR) Director BOULET VIRGINIA declared the purchase of shares taking place on Nov 30 at $0.99 for some 30,000 shares. The transaction amount was around $29700.0.
Alaunos Therapeutics Inc. (TCRT) Director Postma Robert W bought on Nov 29 a total 750,000 shares at $0.65 on average. The purchase cost the insider an estimated $487,500.
The Top 5 NASDAQ Stocks to Own for New Year 2023
Even in the worst of times, markets have rallied back. Just as they always have. So, if you're thinking of quitting the market, don't. There are plenty of bargains and hot investing ideas to jump on. In fact, here are five of our best ideas for 2023.
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Important Earnings
Top US earnings releases scheduled for today include Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL). It will announce its Oct 2022 financial results. The company is expected to report earnings of $1.22 per share from revenues of $835.72M in the three-month period.
Analysts expect Kirkland's Inc. (NASDAQ: KIRK) to report a net income (adjusted) of -$0.32 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2022 is predicted to come in at $134.26M.
Genesco Inc. (GCO), due to announce earnings before the market opens today, is expected to report earnings of $1.57 per share from revenues of $590.23M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
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