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- 08 July - ST - Morning Newsletter (with survey at top and bottom)
08 July - ST - Morning Newsletter (with survey at top and bottom)
3 Hot Stocks to Trade Before the Weekend
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Good Morning!
The session on July 7, the main US stock markets ended in the green zone. The S&P 500 rose 1.5% to hit 3903, while the Nasdaq and Dow Jones gained 2.28% and 1.12%, respectively. Ten of the 11 sectors included in the broad market index closed in positive territory. In a small minus (-0.1%) finished the day only representatives of the utility industry. Growth leaders were energy (+3.5%) and consumer sector companies (+2.5%).Company news
Elon Musk's plans to become the owner of Twitter (TWTR: +1.52%) are in jeopardy, as the potential buyer's side concluded that it was impossible to check spam accounts on the social network.
GameStop Corp. (GME: +15.06%) fired CFO Mike Recupero. In addition, the company is optimizing staffing to support business growth in the face of changing gaming requirements and an unfavorable market environment in general.
The head of the US secret service will become one of the top managers in the security service of Snap Inc. (SNAP: +5.74%).
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.
Today Top Movers
Levi Strauss & Co. (LEVI) stock soared 4.51% to $17.15 in the pre-market trading. The most recent rating by JP Morgan, on January 27, 2022, is an Overweight. Levi Strauss & Co. Reports Second-Quarter 2022 Financial Results.
Seritage Growth Properties (NYSE: SRG) shares are trading up 66.28% at $10.11 at the time of writing. Company’s 52-week ranged between $4.90 to $17.40. Analysts have a consensus price target of $16. Seritage Growth Properties Files Preliminary Proxy Materials.
Medigus Ltd. (MDGS) grew over 2.74% at $0.6149 in pre-market trading today. The firm reported that ParaZero Technologies Ltd., of which Medigus has a 40 percent ownership stake, has signed a non-binding memorandum of understanding (MoU) with Bon V, a leading Indian aerospace manufacturer, to integrate ParaZero SafeAir parachute recovery systems with Bon V’s products.
Leaked tax return reveals secret to pocketing $460,164...
Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits.
Top Upgrades & Downgrades
Wells Fargo turned bullish on Omnicom Group Inc. (OMC), upgrading the stock to Overweight from Equal Weight.
Eversource Energy (ES) has won the favor of Guggenheim's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $97.00.
The Vita Coco Company Inc. (COCO) received an upgrade from analysts at BofA. They changed their rating on COCO to Buy from Neutral in a recently issued research note.
Earlier Friday HC Wainwright & Co. reduced its rating on Meridian Bioscience Inc. (VIVO) stock to Neutral from Buy and assigned the price target to $34.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Huntington Bancshares Incorporated (HBAN) has been changed to Neutral from Overweight and the new price target is set at $13.5.
Analysts at Piper Sandler downgraded Peoples Bancorp Inc. (PEBO)'s stock to Neutral from Overweight Friday.
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.
Latest Insider Activity
Seagen Inc. (SGEN) EVP, Commercial ROMP CHARLES R announced the sale of shares taking place on Jul 05 at $179.46 for some 712 shares. The total came to more than $0.13 million.
ProPetro Holding Corp. (PUMP) Director Armour Spencer D III sold on Jul 05 a total 32,931 shares at $8.99 on average. The insider’s sale generated proceeds of almost $296,050.
FedEx Corporation (FDX) Director Vena Vincenzo J declared the purchase of shares taking place on Jul 06 at $230.04 for some 900 shares. The transaction amount was around $0.21 million.
Occidental Petroleum Corporation (OXY) 10% Owner BERKSHIRE HATHAWAY INC bought on Jul 06 a total 3,868,242 shares at $57.95 on average. The purchase cost the insider an estimated $224.15 million.
Retirement Might Be Closer Than You Thought!
Are you working toward retirement but want to get there faster? Did you know there is a trade doing that for thousands of people?
"How To Master The Retirement Trade" by options expert Dave Aquino will guide you through the early morning 'retirement window' trading hour and get you to your goals faster!
Important Earnings
Top US earnings releases scheduled for next 5 days include AZZ Inc. (AZZ). It will announce its May 2022 financial results. The company is expected to report earnings of $1.03 per share from revenues of $268.09M in the three-month period.
Analysts expect E2open Parent Holdings Inc. (NYSE: ETWO) to report a net income (adjusted) of $0.05 per share when the company releases its quarterly results Monday. Revenue for the fiscal quarter ended May 2022 is predicted to come in at $160.35M.
The Greenbrier Companies Inc. (GBX), due to announce earnings before the market opens Monday, is expected to report earnings of $0.59 per share from revenues of $740.67M 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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