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07 Sep - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Trade Today
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Good Morning!
Despite a spike in bond yields the previous session, stock futures were flat Wednesday.There was a mere 7 point rise in Dow Jones Industrial Average futures. Nasdaq 100 futures advanced 0.2%, while S&P 500 futures rose 0.1%.On Tuesday, stocks continued to slide after a three-week decline. There was a drop of 173 points, or 0.5%, in the Dow, and a drop of 0.4% in the S&P 500. It is the first time since 2016 that the Nasdaq Composite has lost seven straight days.This arrived following a jump in bond yields that led the 10-year U.S. Treasury yield rose to its peak since June. It was the highest rate on the 30-year Treasury since 2014. Bond yields move in the opposite direction of bond prices. A small dip in rates was seen Wednesday, with the 10-year trading at 3.321%. There was a 3.47% yield on the 2-year note and a 3.472% yield on the 30-year note.Investing strategies for the first week of September have been split among investors, a traditionally tough month for stocks. A lot of attention is being paid to the 3,900 level on the S&P 500. While some predict even lower lows for the index, others are confident of a year-end recovery.
The A.I. That Every Trader Should Use
There's nothing wrong with the diligent analysis you're doing. That's a huge reason why you've been successful so far, but that's not enough.
Unfortunately, you'll never fully take control of your financial future if you're only using information from the past – lagging indicators and historical data. To bring your trading success to new heights, you will need a tool that uses past data to predict future stock movements.
Today Top Movers
Biophytis S.A. (BPTS) stock soared 32.98% to $1.25 in the pre-market trading after releasing top-line results from its phase 2-3 COVA clinical study in COVID-19-related respiratory failure.
BioVie Inc. (NASDAQ: BIVI) shares are trading up 23.26% at $4.24 at the time of writing after announcing positive results from a Phase 2 trial of its Alzheimer's Disease treatment NE3107.
Coupa Software Incorporated (COUP) grew over 12.67% at $62.89 in pre-market trading today following the release of its financial results for its second fiscal quarter ended July 31, 2022.
Spero Therapeutics Inc. (SPRO), a Biotechnology company, rose about 16.81% at $1.32 in pre-market trading Wednesday. The company provided Tebipenem HBr program update following the Type A Meeting with the U.S. Food and Drug Administration.
Apple's Next "Star Product" Could Replace The iPhone?
Few people know that Apple's next "star product" could be its most profitable yet! It could dominate a fast-growing new industry that Morgan Stanley projects will be worth a stunning $10 trillion. This new "profit machine" could hand early investors a $190,717 payday. Don't buy Apple stock (unless you enjoy leaving profits on the table). So how can you lock in your shot to 20X your money?
Top Upgrades & Downgrades
Wolfe Research turned bullish on Pinterest Inc. (PINS), upgrading the stock to Outperform and assigning a $28.00 price target, representing potential upside of 26.75% from Tuesday's close.
Netflix Inc. (NFLX) has won the favor of Macquarie's equity research team. The firm upgraded the shares from Underperform to Neutral and moved their price target to $230.00, suggesting 5.32% additional upside for the stock.
Novartis AG (NVS) received an upgrade from analysts at Kepler Cheuvreux, who also set their one-year price target on the stock to $91.37. They changed their rating on NVS to Buy from Hold in a recently issued research note.
Earlier Wednesday Morgan Stanley reduced its rating on UiPath Inc. (PATH) stock to Equal-Weight from Overweight and assigned the price target to $15.00.
Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for PolyPid Ltd. (PYPD) has been changed to Equal-Weight from Overweight and the new price target is set at $2.50.
Analysts at MKM Partners downgraded Electronic Arts Inc. (EA)'s stock to Neutral from Buy Wednesday.
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.
Latest Insider Activity
NVIDIA Corporation (NVDA) Director Dabiri John announced the sale of shares taking place on Sep 01 at $142.06 for some 945 shares. The total came to more than $0.13 million.
Microsoft Corporation (MSFT) EVP, Chief Financial Officer Hood Amy sold on Sep 02 a total 75,351shares at $259.47 on average. The insider’s sale generated proceeds of almost $19.55 million.
SelectQuote Inc. (SLQT) See Remarks Gunter Matthew Scott declared the purchase of shares taking place on Sep 02 at $1.04 for some 24,300 shares. The transaction amount was around $25175.0.
Hanesbrands Inc. (HBI) Director BEEBE CHERYL K bought on Sep 01 a total 11,494 shares at $8.62 on average. The purchase cost the insider an estimated $99,078.
Hidden Income 'hack'
This hidden income strategy was just leaked and it can be yours now. It goes in depth about how you can start off with a small account and turn that into your own weekly paycheck. Learn how you can GAIN that extra advantage over what others aren't doing.
Important Earnings
Top US earnings releases scheduled for today include Academy Sports and Outdoors Inc. (NASDAQ: ASO). It will announce its Jul 2022 financial results. The company is expected to report earnings of $2.08 per share from revenues of $1.71B in the three-month period.
Analysts expect American Eagle Outfitters Inc. (NYSE:AEO) to report a net income (adjusted) of $0.13 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jul 2022 is predicted to come in at $1.2B.
GameStop Corp. (GME), due to announce earnings after the market closes today, is expected to report earnings of -$0.38 per share from revenues of $1.27B 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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