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04 Mar - ST - Morning Newsletter (with survey at top and bottom)
4 Trending Stocks to Trade Today
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Futures for the major US stock indexes tumble on Friday as investors shy away from risk ahead of the weekend and uncertainty about how the situation in Ukraine will develop in the meantime, trading data show.Futures for the Dow Jones Industrial Index (DJIA) are down 0.97% to 34408 points, for the NASDAQ high-tech index - by 0.92% to 13901.25 points, for the S&P 500 broad market index - by 0.98%, up to 4316.75 points.The situation in Ukraine remains the main factor for the markets. Analysts believes that investors are moving away from risk ahead of the weekend, while the situation in Ukraine may change over the weekend.At the same time, investors are watching the US macroeconomic statistics. Later on Friday, statistics on unemployment in the country will be published. Analysts predict that the figure fell to 3.9% in February, and the number of jobs in non-agricultural sectors of the country's economy grew by 400 thousand after an increase of 467 thousand.
The #1 Electric Vehicle Stock of the Decade
He's been called one of America's top tech futurists. He predicted the electric vehicle boom back in 2017 and recommended NIO Workhourse and Tesla before they each soared over 1,000%... Today, Luke Lango, one of America's Top Tech Futurists, is stepping forward with what he says is his biggest and possibly most controversial forecast of his career.
Today Top Movers
Sweetgreen Inc. (SG) stock soared 17.99% to $25.19 in the pre-market trading after releasing fourth quarter and fiscal year 2021 financial results.
Funko Inc. (NASDAQ: FNKO) shares are trading up 17.64% at $20.94 at the time of writing. The company reported that its net sales increased 48% year-over-year in the fourth quarter of 2021 to a record of $336.3 million and increased 58% for the full fiscal year to $1.029 billion.
OceanPal Inc. (OP) grew over 14.57% at $0.63 in pre-market trading today. The firm recently reported that it has entered into a time charter contract with Tongli Shipping Pte. Ltd. for its Panamax dry bulk vessel, the m/v Calipso.
Cepton Inc. (CPTN), a Software - Application company, rose about 19.75% at $9.64 in pre-market trading Friday. The company on March 02, 2022, declared its placement in an editorial published by NetworkNewsWire, one of 50+ trusted brands within the InvestorBrandNetwork.
How to Take Advantage of the Global Chip Shortage Today!
The global chip shortage is expected to last into 2023. The shortage has affected many industries over the past few months - from Automobiles to Telecommunications to Consumer electronics. Today investors can take advantage of this record demand by adding these 4 semiconductor stocks to their portfolio.
Top Upgrades & Downgrades
Deutsche Bank turned bullish on Allscripts Healthcare Solutions Inc. (MDRX), upgrading the stock to "Buy" and assigning a $26.00 price target, representing potential upside of 23.99% from Thursday's close.
Tilray Brands Inc. (TLRY) has won the favor of Canaccord Genuity's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $9, suggesting 66.05% additional upside for the stock.
Equitrans Midstream Corporation (ETRN) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $9.00. They changed their rating on ETRN to Buy from Neutral in a recently issued research note.
Earlier Friday Deutsche Bank reduced its rating on C3.ai Inc. (AI) stock to Sell from Hold and assigned the price target to $18.00.
MKM Partners analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Zynga Inc. (ZNGA) has been changed to Neutral from Buy and the new price target is set at $9.86.
Analysts at Raymond James downgraded Best Buy Co. Inc. (BBY)'s stock to Market Perform from Outperform Friday.
5 Megatrend Stocks for 2022
These 5 stocks offer the potential to deliver significant returns in the months ahead thanks to key megatrends... They are well-positioned to deliver a high upside to investors over the next 12 to 18 months. Don't miss out on your chance to get in early.
Latest Insider Activity
Bill.com Holdings Inc. (BILL) CFO Rettig John R. announced the sale of shares taking place on Mar 02 at $231.07 for some 1,156 shares. The total came to more than $0.27 million.
Arista Networks Inc. (ANET) Chief Development Officer BECHTOLSHEIM ANDREAS sold on Mar 02 a total 47,420,000 shares at $121.73 on average. The insider’s sale generated proceeds of almost $12.17 million.
Humanigen Inc. (HGEN) Chief Executive Officer Durrant Cameron declared the purchase of shares taking place on Mar 02 at $2.34 for some 40,000 shares. The transaction amount was around $93600.0.
BitNile Holdings Inc. (NILE) Executive Chairman AULT MILTON C III bought on Mar 03 a total 7,004,041 shares at $0.87 on average. The purchase cost the insider an estimated $50,190.
Nevada: A Lithium "Treasure Trove"?
Nevada may be known as the "Silver State," but it's also the hot spot for North American lithium. With China controlling 80% of the world's lithium supply, the defense industry and electric vehicle manufacturers are scrambling for more domestic sources of the valuable metal.
Important Earnings
Top US earnings releases scheduled for today include Fathom Digital Manufacturing Corporation (NYSE: FATH). It will announce its Dec 2021 financial results. The company is expected to report earnings of -$0.01 per share from revenues of $43.3M in the three-month period.
Analysts expect Hibbett Inc. (NASDAQ: HIBB) to report a net income (adjusted) of $1.35 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2022 is predicted to come in at $383.72M.
Great Elm Capital Corp. (GECC), due to announce earnings before the market opens today, is expected to report earnings of $0.57 per share from revenues of $7.78M 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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