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06 Sep - ST - Morning Newsletter (with survey at top and bottom)
4 Stocks Starting the Week Strong
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Good Morning!
The stock market rose Tuesday as traders hoped to kick off the holiday-shortened week with a strong performance.The Dow Jones Industrial Average futures rose 222 points, or 0.71%. There was a 0.7% rise in Nasdaq 100 futures, and a 0.71% rise in S&P 500 futures. The U.S. market was closed on Monday in observance of Labor Day.On Monday, CVS Health announced it will buy Signify Health for roughly $8 billion, and Volkswagen said it will list Porsche on the NYSE.Friday marked the third consecutive week of negative performance for the major averages. Nasdaq Composite closed 1.3% lower on Friday after posting its first six-day losing streak since 2019, while Dow erased 370-point gains to close 1.1% lower. After shedding 1.1%, the S&P closed at its lowest level since July.In a holiday-shortened week, investors await Federal Reserve presidents' speeches and ECB rate hike decisions. Tuesday will see the release of the August PMI services and ISM services data.
Potential 500% Return From A Unique $1 Asset?
I've never been THIS concerned. Millions are now rushing towards life at "Ground Zero". A frightening new financial reality that has the potential to erase the wealth of millions. The worst part of it all? It's largely avoidable if you know what to look for. It all hinges on a single, simple $1 asset that skyrockets during strange times like these.
Today Top Movers
IVERIC bio Inc. (ISEE) stock soared 42.16% to $13.42 in the pre-market trading after declaring positive topline data from Zimura® GATHER2 phase 3 clinical trial in Geographic Atrophy.
MannKind Corporation (NASDAQ: MNKD) shares are trading up 10.05% at $4.16 at the time of writing following an announcement from the company that it has successfully completed phase 1 study of Inhaled Clofazimine.
Sono Group N.V. (SEV) grew over 6.9% at $3.1 in pre-market trading today after its subsidiary Sono Motors announced the signing of a letter of intent (LoI) with ÖPNV-Service Hagen.
HIVE Blockchain Technologies Ltd. (HIVE), a Capital Markets company, rose about 7.72% at $5.16 in pre-market trading Tuesday after reported that it increased its bitcoin holdings by 375 in August.
26% A Year Return. One Type Of Stock. Really?
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Top Upgrades & Downgrades
RBC Capital turned bullish on Rollins Inc. (ROL), upgrading the stock to Outperform and assigning a $40.00 price target, representing potential upside of 18.59% from Friday's close.
Organon & Co. (OGN) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $34.00, suggesting 19.17% additional upside for the stock.
Frontline Ltd. (FRO) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $16.00. They changed their rating on FRO to Buy from Hold in a recently issued research note.
Earlier Tuesday JP Morgan reduced its rating on Claros Mortgage Trust Inc. (CMTG) stock to Underweight from Neutral and assigned the price target to $17.00.
JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Apollo Commercial Real Estate Finance Inc. (ARI) has been changed to Underweight from Neutral and the new price target is set at $11.00.
Analysts at JP Morgan downgraded Ciena Corporation (CIEN)'s stock to Neutral from Overweight Tuesday.
"Boring Trade" Generates $185 Every Day. Like Clockwork.
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Latest Insider Activity
Riot Blockchain Inc. (RIOT) Director D'Ambrosio Lance Varro announced the sale of shares taking place on Sep 01 at $6.69 for some 10,000 shares. The total came to more than $66900.0.
Sunrun Inc. (RUN) Chief Executive Officer Powell Mary sold on Aug 31 a total 7,595 shares at $32.83 on average. The insider’s sale generated proceeds of almost $249,362.
Palisade Bio Inc. (PALI) Chief Financial Officer Finley John David declared the purchase of shares taking place on Sep 01 at $0.14 for some 19,481 shares. The transaction amount was around $2799.0.
Creatd Inc. (CRTD) Executive Chairman Frommer Jeremy bought on Sep 02 a total 4,654 shares at $0.40 on average. The purchase cost the insider an estimated $1,840.
How Much Longer Will It Be Under $1?
The SEC and a group of high-powered lawyers have been hashing out a federally-regulated cryptocurrency. Once done, this crypto will become the first endorsed for use in the United States. Already, 400 of the largest banks and financial institutions have signed on to use it. All they're waiting for is the government's go-ahead. I expect once ready, this crypto's value will skyrocket. Right now, you can get into this crypto for under a dollar!
Important Earnings
Top US earnings releases scheduled for today include Kingsoft Cloud Holdings Limited (NASDAQ: KC). It will announce its Jun 2022 financial results. The company is expected to report earnings of -$0.26 per share from revenues of $296.14M in the three-month period.
Analysts expect HealthEquity Inc. (NASDAQ:HQY) to report a net income (adjusted) of $0.33 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jul 2022 is predicted to come in at $203.88M.
Coupa Software Incorporated (COUP), due to announce earnings after the market closes today, is expected to report earnings of $0.09 per share from revenues of $204.02M 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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