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- 02 Sep - NH - Morning Newsletter (with survey at top and bottom)
02 Sep - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Watch Before the Long Weekend
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Good Morning!
S&P 500 stock prices rebounded on Thursday after a four-day decline, as investors looked ahead to Friday's employment report.During Thursday's session, the stock market was significantly lower after U.S. jobless claims fell more than expected last week and layoffs eased in August, giving the Federal Reserve more flexibility. A rise in interest rates. In order to get more information on the US labor market, investors are now awaiting the monthly non-farm payrolls report.According to Reuters, the August jobs report will show 300,000 new jobs. In the meantime, Wells Fargo economist Jay Bryson has raised his forecast to 375,000 new jobs, while Morgan Stanley economist Ellen Zentner believes the US has created 350,000 jobs.After falling to a low of 3903.65, the S&P managed to move higher late in the session. The Dow Jones Industrial Average rose 145.99 points or 0.46% to 31656.42, the S&P 500 rose 11.85 points or 0.30% to 3966.85 and the Nasdaq Composite declined by 31.08 points, or 0.26%, to 11785.13 points.During the past four sessions, the S&P 500 has fallen about 6.0%. These losses occurred as a result of Jerome Powell's decision to continue with the Fed's policy of increasing interest rates aggressively to combat inflation. Recent days have seen other Fed officials express the same opinion.
Apple's Next "Star Product" Could Replace The iPhone?
Few people know that Apple's next "star product" could be its most profitable yet! It could dominate a fast-growing new industry that Morgan Stanley projects will be worth a stunning $10 trillion. This new "profit machine" could hand early investors a $190,717 payday. Don't buy Apple stock (unless you enjoy leaving profits on the table). So how can you lock in your shot to 20X your money?
Today Top Movers
bioAffinity Technologies, Inc. (BIAF) gained 36.63% to $11.34 in pre-makret trading today after announcing pricing of IPO.
Lululemon Athletica Inc. (LULU) stock soared 9.53% to $322.51 in the pre-market trading. The company recently released Q2 fiscal 2022 results.
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) shares are trading up 14.15% at $19.36 at the time of writing after the reports are circulating that management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion.
HashiCorp Inc. (HCP) grew over 18.94% at $35.99 in pre-market trading today after reporting an increase of 52% year-over-year in revenue of Q2 to $113.9 million.
Potential 500% Return From A Unique $1 Asset?
I've never been THIS concerned. Millions are now rushing towards life at "Ground Zero". A frightening new financial reality that has the potential to erase the wealth of millions. The worst part of it all? It's largely avoidable if you know what to look for. It all hinges on a single, simple $1 asset that skyrockets during strange times like these.
Top Upgrades & Downgrades
Guggenheim turned bullish on Okta Inc. (OKTA), upgrading the stock to "Neutral" and assigning a $85.00 price target, representing potential upside of 40.26% from Thursday's close.
Salesforce Inc. (CRM) has won the favor of Guggenheim's equity research team. The firm upgraded the shares from Sell to Neutral and moved their price target to $150.00.
The Toronto-Dominion Bank (TD) received an upgrade from analysts at Keefe Bruyette. They changed their rating on TD to Outperform from Market Perform in a recently issued research note.
Earlier Friday RBC Capital reduced its rating on Azure Power Global Limited (AZRE) stock to Sector Perform from Outperform and assigned the price target to $5.00.
HC Wainwright & Co. analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Forma Therapeutics Holdings Inc. (FMTX) has been changed to Neutral from Buy and the new price target is set at $20.00.
Analysts at JP Morgan downgraded LyondellBasell Industries N.V. (LYB)'s stock to Neutral from Overweight Friday.
26% A Year Return. One Type Of Stock. Really?
Why settle for puny 4% or 5% yields. My portfolio pays out a 26% cash on cash return. It's not magic or wishful thinking. I just buy one type of regular stock. I'll show you exactly where to find the safest companies that pay the highest yields, but only if you click here right now. If I don't have your name on my list in the next 2 hours, I'll assume you don't want to make monster dividends.
Latest Insider Activity
Meta Platforms Inc. (META) Chief Legal Officer Newstead Jennifer announced the sale of shares taking place on Aug 30 at $160.24 for some 342 shares. The total came to more than $54802.0.
Marathon Oil Corporation (MRO) Chairman, President and CEO TILLMAN LEE M sold on Aug 31 a total 81,390 shares at $25.23 on average. The insider’s sale generated proceeds of almost $2.05 million.
Liquidia Corporation (LQDA) SVP, Commercial Moomaw Scott declared the purchase of shares taking place on Aug 31 at $4.90 for some 2,160 shares. The transaction amount was around $10594.0.
PaxMedica Inc. (PXMD) Executive Chairman Derby Michael bought on Aug 30 a total 95,000 shares at $5.25 on average. The purchase cost the insider an estimated $498,750.
How Much Longer Will It Be Under $1?
The SEC and a group of high-powered lawyers have been hashing out a federally-regulated cryptocurrency. Once done, this crypto will become the first endorsed for use in the United States. Already, 400 of the largest banks and financial institutions have signed on to use it. All they're waiting for is the government's go-ahead. I expect once ready, this crypto's value will skyrocket. Right now, you can get into this crypto for under a dollar!
Important Earnings
Top US earnings releases scheduled for Tuesday include UiPath Inc. (NYSE: PATH). It will announce its Jul 2022 financial results. The company is expected to report earnings of -$0.11 per share from revenues of $230.81M in the three-month period.
Analysts expect GitLab Inc. (NASDAQ:GTLB) to report a net income (adjusted) of -$0.23 per share, when the company releases its quarterly results Tuesday. Revenue for the fiscal quarter ended Jul 2022 is predicted to come in at $94.04M.
Kingsoft Cloud Holdings Limited (KC), due to announce earnings after the market closes on Tuesday, is expected to report earnings of -$0.26 per share from revenues of $296.14M 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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