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- 04 Oct - ST - Morning Newsletter (with survey at top and bottom)
04 Oct - ST - Morning Newsletter (with survey at top and bottom)
4 Stocks You Must Watch Before the Market Opens
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Good Morning!After a significant gain on the first trading day of October, stock futures rose more than 1%, marking a sharp turnaround from September, when the Dow Jones Industrial Average and S&P 500 had their worst month since March 2020.S&P 500 futures rose 1.44%. There was a 1.75% gain in Nasdaq 100 futures. The Dow Jones Industrial Average futures surged 372 points, or 1.26%.After a slide through September and the prior quarter, Monday's results were a reprieve. The Dow closed at 29,490.89, up nearly 2.7%. The Dow has not been this high since June 24. With a daily gain of about 2.6%, the S&P 500 reached 3,678.43, its highest day surge since July 27. Meanwhile, Nasdaq Composite closed at 10,815.43 up about 2.3%.At the same time, the yield on the 10-year Treasury note slided to about 3.65% from over 4% once last week.On Tuesday, traders will keep a close eye on new data from the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey.
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report,
, we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Today Top Movers
AeroClean Technologies Inc. (AERC) stock soared 36.14% to $4.37 in the pre-market trading after announcing a definitive agreement with Molekule to combine the companies in an all-stock merger.
Rivian Automotive Inc. (NASDAQ: RIVN) shares are trading up 9.66% at $34.97 at the time of writing after reporting progress in ramping up production and reaffirmed its goal to build 25,000 electric vehicles this year.
Cardiol Therapeutics Inc. (CRDL) grew over 10.00% at $1.10 in pre-market trading today after releasing pre-clinical study results demonstrating CardiolRx(TM) Inhibits and also promotes reversal of Mechanisms Leading to Cardiac Fibrosis.
Voyager Therapeutics, Inc. (VYGR) rose about 15.10% at $6.48 in pre-market trading Tuesday. The company recently announced that Pfizer has exercised its option to license a novel capsid generated from Voyager’s TRACERTM capsid discovery platform to help enable a potential gene therapy program against an undisclosed rare neurologic disease target.
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.
Top Upgrades & Downgrades
Credit Suisse turned bullish on CommScope Holding Company Inc. (COMM), upgrading the stock to "Outperform" and assigning a $17.00 price target, representing potential upside of 77.82% from Monday's close.
Domino's Pizza Inc. (DPZ) has won the favor of UBS's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $385.00, suggesting 21.73% additional upside for the stock.
Gilead Sciences Inc. (GILD) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $80.00. They changed their rating on GILD to Overweight from Neutral in a recently issued research note.
Earlier Tuesday Wells Fargo reduced its rating on Paramount Global (PARA) stock to Equal-Weight from Overweight and assigned the price target to $19.00.
Citi analysts reduced their investment ratings, saying in research reports covered by the media that its rating for M&T Bank Corporation (MTB) has been changed to Neutral from Buy and the new price target is set at $200.00.
Analysts at Wells Fargo downgraded Applied Genetic Technologies Corp (AGTC)'s stock to Equal Weight from Overweight Tuesday.
America 2.0: Elon Musk's Next Big Move
Elon Musk says America as we know it is about to change forever. Ushering in perhaps the fastest-growing investment opportunity in history. Considering Musk's uncanny ability to pick investment winners…This could be the biggest one yet.
Some experts believe this one investment strategy is the best way to capitalize on the massive economic shift taking place. The controversial details will blow you away.
Latest Insider Activity
TMC the metals company Inc. (TMC) Chief Development Officer O'Sullivan Anthony announced the sale of shares taking place on Sep 30 at $1.04 for some 50,686 shares. The total came to more than $52860.0.
Palo Alto Networks Inc. (PANW) EVP, Chief Technology Officer ZUK NIR sold on Oct 03 a total 36,000 shares at $168.45 on average. The insider’s sale generated proceeds of almost $6.06 million.
Tricida Inc. (TCDA) 10% Owner Venrock Healthcare Capital Par declared the purchase of shares taking place on Oct 03 at $11.27 for some 268,736 shares. The transaction amount was around $3.03 million.
Consolidated Edison Inc. (ED) Chairman, President & CEO Cawley Timothy bought on Oct 03 a total 80 shares at $87.57 on average. The purchase cost the insider an estimated $7,006.
Hidden Income 'hack'
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Important Earnings
Top US earnings releasesSMART Global Holdings Inc. (NASDAQ: SGH). It will announce its Aug 2022 financial results. The company is expected to report earnings of $0.65 per share from revenues of $440M in the three-month period.
Analysts expect Saratoga Investment Corp. (NYSE:SAR) 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 Aug 2022 is predicted to come in at $19.9M.
Byrna Technologies Inc. (BYRN), due to announce earnings before the market opens today, is expected to report earnings of $0.11 per share from revenues of $18.14M 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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