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- 04 Nov - ST - Morning Newsletter (with survey at top and bottom)
04 Nov - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Watch Before Weekend
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Good Morning!Despite the fourth straight day of losses for the major indices, U.S. stock futures lifted Friday morning, as investors awaited the October jobs report to predict future rate hikes.There was an increase of 111 points, or 0.35%, in futures for the Dow Jones Industrial Average. Nasdaq 100 futures gained 0.82%, while S&P 500 futures were up 0.52%.Extended trading was dominated by corporate earnings reports. Block surged 13% after beating top- and bottom-line expectations in its third-quarter results. In response to the company's wider-than-expected loss and missed sales targets, Carvana shares slipped more than 9%.During Thursday's regular session, the Dow Jones Industrial Average lost 146.51 points, or 0.5%. Over that same period, the S&P 500 shed nearly 1.1%, while the Nasdaq Composite shed 1.7%. It was also noted that Jerome Powell's comments suggested a pivot could be further away than traders had anticipated, as well as the Fed's 0.75 percentage point rate hike has influenced market sentiment.Before Friday's bell, AMC Networks is also expected to report its third-quarter earnings.There are signs that all the major averages will end the week on a losing note. The Dow has fallen 2.62% through Thursday, marking the end of a four-week winning streak.
6 Stocks Under 5 Bucks
Getting stocks under $5 a share is pretty sweet... But how do you know which stocks will be the big movers? These six low-priced stocks could deliver for investors in a big way.
Today Top Movers
Alibaba Group Holding Limited (BABA) stock surged 9.83% to $71.62 in the pre-market trading after Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announcing the launch of ModelScope.
XPeng Inc. (NYSE: XPEV) shares are trading up 18.22% at $8.11 at the time of writing after its subsidiary successfully concluded its debut issuance of RMB964 million automobile leasing carbon-neutral asset-backed securities on the Shanghai Stock Exchange.
Block Inc. (SQ) grew over 12.69% at $60.75 in pre-market trading today. The company recently declared Q3 2022 results.
Vallon Pharmaceuticals Inc. (VLON), a Biotechnology company, jumped about 17.31% at $0.2962 in pre-market trading Friday followin the release of third quarter 2022 financial results.
US$0.25 Mining Stock Makes Big-Time Copper-Gold Discovery
With markets cratering, 401(k)s bleeding out, and inflation rising… smart investors are turning to the global mining sector — and particularly the small-cap exploration stocks that are stepping up to produce the key metals needed in the green-energy revolution. This 25-cent miner just secured the pole-position in one of the highest potential copper-gold-silver districts on the entire planet.
Top Upgrades & Downgrades
Raymond James turned bullish on Kemper Corporation (KMPR), upgrading the stock to Outperform and assigning a $60 price target, representing potential upside of 20.82% from Thursday's close.
Mercury General Corporation (MCY) has won the favor of Raymond James's equity research team. The firm upgraded the shares from Underperform to Strong Buy and moved their price target to $45, suggesting 38.95% additional upside for the stock.
Karyopharm Therapeutics Inc. (KPTI) received an upgrade from analysts at RBC Capital, who also set their one-year price target on the stock to $10. They changed their rating on KPTI to Outperform from Sector Perform in a recently issued research note.
Earlier Friday JP Morgan reduced its rating on GoPro Inc. (GPRO) stock to Neutral from Overweight and assigned the price target to $6.
Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for ACADIA Pharmaceuticals Inc. (ACAD) has been changed to Sell from Neutral and the new price target is set at $12.
Analysts at Piper Sandler downgraded Lincoln National Corporation (LNC)'s stock to Neutral from Overweight Friday.
US$0.25 Mining Stock Makes Big-Time Copper-Gold Discovery
With markets cratering, 401(k)s bleeding out, and inflation rising… smart investors are turning to the global mining sector — and particularly the small-cap exploration stocks that are stepping up to produce the key metals needed in the green-energy revolution. This 25-cent miner just secured the pole-position in one of the highest potential copper-gold-silver districts on the entire planet.
Latest Insider Activity
Evolent Health Inc. (EVH) Director WILLIAMS FRANK J announced the sale of shares taking place on Nov 01 at $29.32 for some 110,000 shares. The total came to more than $3.23 million.
Herbalife Nutrition Ltd. (HLF) 10% Owner WindAcre Partnership Master Fu sold on Nov 02 a total 205,000 shares at $17.56 on average. The insider’s sale generated proceeds of almost $3.6 million.
JELD-WEN Holding Inc. (JELD) 10% Owner Turtle Creek Asset Management declared the purchase of shares taking place on Nov 02 at $10.02 for some 22,500 shares. The transaction amount was around $0.23 million.
Coinbase Global Inc. (COIN) Director Lutke Tobias bought on Nov 01 a total 5,585 shares at $68.99 on average. The purchase cost the insider an estimated $385,309.
What Investors Don't Know: Communist China Could Profit Billions From The World "Going Green."
Who controls 80% of the works lithium supply (the most important metal for building EV batteries)? China! And if you're outraged by that fact, then you'll love hearing how this western company is fighting back…
Important Earnings
Top US earnings releases scheduled for today include Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR). It will announce its Dec 2022 financial results. The company is expected to report earnings of $1.29 per share from revenues of $31.11B in the three-month period.
Analysts expect DraftKings Inc. (NASDAQ: DKNG) to report a net income (adjusted) of -$1.04 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $437.23M.
fuboTV Inc. (FUBO), due to announce earnings before the market opens today, is expected to report earnings of -$0.73 per share from revenues of $213.18M 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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