- Stocks Telegraph
- Posts
- 06 Jan - NH - Morning Newsletter (with survey at top and bottom)
06 Jan - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks Closing the Week Strong
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!On Friday, U.S. stock futures were relatively unchanged as investors anticipated the release of the December jobs report. The Dow Jones Industrial Average futures increased by 37 points, or 0.1%, the S&P 500 futures rose by 0.1%, and the Nasdaq-100 remained flat.According to a poll by the Dow Jones, it is expected that the U.S. added 200,000 jobs in December, which would indicate a slowdown in job growth compared to the previous month. However, if the jobs report surpasses expectations and shows a robust labor market, it could mean that the Federal Reserve will have to take further action to control inflation.The Dow fell over 300 points on Thursday after the release of a stronger-than-expected ADP private payrolls report, which raised concerns about potentially higher Federal Reserve rates and the possibility of a recession in the U.S.
The Tool to Help Traders Stay Calm During Market Turbulence?
Like sunscreen, an umbrella, or salt on the road in winter it's quite easy to find protection from the natural elements.
But navigating the tendencies of the stock market at the beginning of a New Year is not so simple.
That's why traders are catching on to a technology that's sending the investment world into a frenzy amid high volatility.
Sponsored
Today Top Movers
CytomX Therapeutics Inc. (CTMX) stock soared 58.66% to $2.84 in the pre-market trading after announcing collaboration and licensing agreement with Moderna to create investigational mRNA-based conditionally activated therapies.
Spruce Biosciences Inc. (NASDAQ: SPRB) shares are trading up 77.6% at $2.22 at the time of writing. The company announced strategic partnership and exclusive licensing agreement with Kaken Pharmaceutical to develop and commercialize Tildacerfont for CAH in Japan.
World Wrestling Entertainment Inc. (WWE) grew over 8.27% at $78.0 in pre-market trading today. Vince McMahon is attempting to return to WWE this year in order to sell the company.
eFFECTOR Therapeutics Inc. (EFTR), a Biotechnology company, rose about 11.13% at $0.613 in pre-market trading Friday. The company provided positive clinical data update for Zotatifin and general corporate update.
These 5 Tech Stocks Have 10x Potential
If you had bought Netflix after the dot-com crash, you could have turned $1,000 into over half a million dollars in profit. And today – thanks to the tech crash – you have a similar opportunity. Luke Lango just named 5 tech stocks with 10x potential in a new report (one is trading for just $6).
Sponsored
Top Upgrades & Downgrades
Deutsche Bank turned bullish on The PNC Financial Services Group Inc. (PNC), upgrading the stock to "Buy" and assigning a $190 price target, representing potential upside of 19.17% from Thurday's close.
Lululemon Athletica Inc. (LULU) has won the favor of Wells Fargo's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $380, suggesting 16.59% additional upside for the stock.
Jacobs Solutions Inc. (J) received an upgrade from analysts at Baird, who also set their one-year price target on the stock to $150. They changed their rating on J to Outperform from Neutral in a recently issued research note.
Earlier Friday Barclays reduced its rating on Discover Financial Services (DFS) stock to Equal-Weight from Overweight and assigned the price target to $120.
Deutsche Bank analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Bank of America Corporation (BAC) has been changed to Hold from Buy and the new price target is set at $36.
Analysts at Deutsche Bank downgraded JPMorgan Chase & Co. (JPM)'s stock to Hold from Buy Friday.
"Essential for America's National Defense"
Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.
Sponsored
Latest Insider Activity
Palantir Technologies Inc. (PLTR) Director Stat Lauren Elaina Friedman announced the sale of shares taking place on Jan 03 at $6.38 for some 7,000 shares. The total came to more than $44663.0.
ContextLogic Inc. (WISH) Chief Product Officer Jain Tarun Kumar sold on Jan 03 a total 88,000 shares at $0.49 on average. The insider’s sale generated proceeds of almost $43384.0.
CarMax Inc. (KMX) President & CEO Nash William D declared the purchase of shares taking place on Dec 30 at $60.98 for some 8,220 shares. The transaction amount was around $0.5 million.
BitNile Holdings Inc. (NILE) Executive Chairman AULT MILTON C III bought on Dec 29 a total 1,913,777 shares at $0.10 on average. The purchase cost the insider an estimated $197,119.
The Top 5 NASDAQ Stocks to Own for New Year 2023
Even in the worst of times, markets have rallied back. Just as they always have. So, if you're thinking of quitting the market, don't. There are plenty of bargains and hot investing ideas to jump on. In fact, here are five of our best ideas for 2023.
Sponsored
Important Earnings
Top US earnings releases scheduled for Monday include Acuity Brands Inc. (NYSE:AYI). It will announce its Nov 2022 financial results. The company is expected to report earnings of $3 per share from revenues of $984.46M in the three-month period.
Analysts expect Commercial Metals Company (NYSE:CMC) to report a net income (adjusted) of $1.96 per share, when the company releases its quarterly results Monday. Revenue for the fiscal quarter ended Nov 2022 is predicted to come in at $2.2B.
Accolade Inc. (ACCD), due to announce earnings after the market closes Monday, is expected to report earnings of -$0.62 per share from revenues of $87.53M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.