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  • 05 Oct - NH - Morning Newsletter (with survey at top and bottom)

05 Oct - NH - Morning Newsletter (with survey at top and bottom)

4 Rallying Stocks To Trade Today

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Good Morning!After  the S&P 500 reported its best two-day gain in more than two years, U.S. stock futures fell Wednesday morning.In the early morning, a 150-point or 0.49% decline was seen in Dow Jones Industrial Average futures. Futures for the S&P 500 and Nasdaq 100 slided 0.53% and 0.55%, respectively.The Dow jumped about 825 points, or 2.8%, on Tuesday day trading. The Nasdaq Composite gained 3.3%, while the S&P 500 was up nearly 3.1%.In the meantime, some investors are considering whether interest rate hikes will be slowed given the recent decline in job openings.After the sharp declines in the prior quarter, market participants wondered whether those signs might indicate a bottom had been reached.Furthermore, traders expect a flurry of economic reports on Wednesday. Data on weekly mortgage applications, ADP private payrolls report for September, the latest international trade reading and the ISM services index are all due to be released.

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Today Top Movers

Vicinity Motor Corp. (VEV) stock soared 53.27% to $1.64 in the pre-market trading. The company recently started delivering Canada's first class 3 Electric Truck.

SHF Holdings Inc. (NASDAQ: SHFS) shares are trading up 47.13% at $7.43 at the time of writing following an SEC Form 8-K filing.

Bionano Genomics Inc. (BNGO) grew over 10.29% at $2.25 in pre-market trading today after announcing publication of study from Sorbonne Université Showing that WGS identified only 63% of Structural Variations that OGM detected in Liver Cancer.

Cognizant Technology Solutions Corporation (CTSH), a Information Technology Services company, soared about 2.47% at $62.16 in pre-market trading Wednesday after reporting that it has extended its long-standing relationship with Centrica to deliver business critical services encompassing application testing and management of its IT infrastructure landscape.

While finding excellent stocks with the potential for gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Tech Stocks Every Investor Should Buy Right Now", we have identified five tech stocks we believe could appreciate.

Top Upgrades & Downgrades

Citigroup turned bullish on Avantor Inc. (AVTR), upgrading the stock to "Buy" and assigning a $28.00 price target, representing potential upside of 34.74% from Tuesday's close.

Church & Dwight Co. Inc. (CHD) has won the favor of Deutsche Bank's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $85.00, suggesting 15.91% additional upside for the stock.

Ford Motor Company (F) received an upgrade from analysts at Morgan Stanley. They changed their rating on F to Overweight from Equal Weight in a recently issued research note.

Earlier Wednesday Wells Fargo reduced its rating on Lumen Technologies Inc. (LUMN) stock to Equal-Weight from Overweight and assigned the price target to $8.00.

Atlantic Equities analysts reduced their investment ratings, saying in research reports covered by the media that its rating for The Goldman Sachs Group Inc. (GS) has been changed to Underweight from Neutral and the new price target is set at $290.00.

Analysts at Citigroup downgraded Sotera Health Company (SHC)'s stock to Neutral from Buy Wednesday.

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Latest Insider Activity

Ginkgo Bioworks Holdings Inc. (DNA) See Remarks Fallon Marie E. announced the sale of shares taking place on Oct 03 at $3.12 for some 2,722 shares. The total came to more than $8497.0.

Apple Inc. (AAPL) Senior Vice President O'BRIEN DEIRDRE sold on Oct 03 a total 176,299 shares at $142.16 on average. The insider’s sale generated proceeds of almost $25.06 million.

Neogen Corporation (NEOG) Director BOEHM WILLIAM T declared the purchase of shares taking place on Oct 03 at $13.88 for some 2,000 shares. The transaction amount was around $27770.0.

BitNile Holdings Inc. (NILE) 10% Owner BitNile Holdings, Inc. bought on Oct 03 a total 294 shares at $5.66 on average. The purchase cost the insider an estimated $1,663.

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.

 

Important Earnings

Top US earnings releases scheduled for today include Lamb Weston Holdings Inc. (NYSE: LW). It will announce its Aug 2022 financial results. The company is expected to report earnings of $0.49 per share from revenues of $1.13B in the three-month period.

Analysts expect RPM International Inc. (NYSE: RPM) to report a net income (adjusted) of $1.33 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Aug 2022 is predicted to come in at $1.89B.

Helen of Troy Limited (HELE), due to announce earnings before the market opens today, is expected to report earnings of $2.21 per share from revenues of $518.43M 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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