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- 08 Nov - ST - Morning Newsletter (with survey at top and bottom)
08 Nov - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks Making Big Pre-Market Moves
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Good Morning!As investors focused their attention on Tuesday's midterm elections, stock futures were slightly higher this morning following a successful day for markets.Dow Jones futures and S&P 500 futures both gained 35 points or 0.11%. There was a 0.32% increase in Nasdaq 100 futures.After disappointing quarterly results, Lyft shares fell nearly 20% premarket, while downbeat Take-Two Interactive and Tripadvisor earnings resulted in a huge share plunge.After all major indexes posted a second consecutive day of gains, the moves was not a surprise. There was a rise of 423.78 points, or 1.31%, in the Dow Jones Industrial Average. The Nasdaq Composite rose 0.85% and the S&P 500 gained 0.96%.Markets await Tuesday's results of the midterm elections. The outcome of these elections will determine which party controls Congress and will determine future policies and expenditures.This week will see the continuation of the earnings season. AMC Entertainment, Lordstown Motors, Lucid Group, and Walt Disney all are set to post their earnings scores on Tuesday.
The Smart Way to Get Insanely Rich in the 2022-23 Gold Bull Market
A brand-new gold bull market is emerging as nervous investors continue to flock to the safety of the yellow metal in the face of rampant inflation. Yet, the biggest gains won't be in gold...they'll be in select small-cap gold stocks with the inside track on the NEXT major discoveries.
Today Top Movers
Lordstown Motors Corp. (RIDE) stock soared 11.35% to $2.06 in the pre-market trading after releasing its third quarter 2022 financial results.
Ocuphire Pharma Inc. (NASDAQ: OCUP) shares are trading up 26.44% at $2.63 at the time of writing. The company enterered into a global license agreement for development and commercialization of Nyxol eye drops for reversal of Mydriasis, Presbyopia and Night Vision disturbances.
Hims & Hers Health Inc. (HIMS) grew over 25.54% at $5.8 in pre-market trading today. The company reported Q3 2022 financial results and raised full year 2022 outlook.
2U Inc. (TWOU), a Education & Training Services company, rose about 12.42% at $7.15 in pre-market trading Tuesday following the declaration of Q3 2022 financial results.
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities.
Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Top Upgrades & Downgrades
Block Inc. (SQ) has won the favor of Macquarie's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $100, suggesting 59.72% additional upside for the stock.
Global Partners LP (GLP) received an upgrade from analysts at Stifel, who also set their one-year price target on the stock to $35. They changed their rating on GLP to Buy from Hold in a recently issued research note.
Piper Sandler turned bullish on 2U Inc. (TWOU), upgrading the stock to "Neutral" and assigning a $7 price target, representing potential upside of 10.06% from Monday's close.
Earlier Tuesday National Bank Of Canada reduced its rating on Ballard Power Systems Inc. (BLDP) stock to Sector Perform from Outperform and assigned the price target to $8.
Stifel analysts reduced their investment ratings, saying in research reports covered by the media that its rating for AVEO Pharmaceuticals Inc. (AVEO) has been changed to Hold from Buy and the new price target is set at $15.
Analysts at Deutsche Bank downgraded Jack in the Box Inc. (JACK)'s stock to Hold from Buy Tuesday.
6 Stocks Under 5 Bucks
Getting stocks under $5 a share is pretty sweet... But how do you know which stocks will be the big movers? These six low-priced stocks could deliver for investors in a big way.
Latest Insider Activity
Ginkgo Bioworks Holdings Inc. (DNA) See remarks Dmytruk Mark E. announced the sale of shares taking place on Nov 03 at $2.65 for some 30,604 shares. The total came to more than $80948.0.
Merck & Co. Inc. (MRK) President, U.S. Market Oosthuizen Johannes Jacobus sold on Nov 07 a total 45,561 shares at $99.47 on average. The insider’s sale generated proceeds of almost $4.53 million.
Lumen Technologies Inc. (LUMN) Director GLENN T MICHAEL declared the purchase of shares taking place on Nov 04 at $5.92 for some 20,000 shares. The transaction amount was around $0.12 million.
Redfin Corporation (RDFN) Director Slavet James bought on Nov 01 a total 6,667 shares at $4.99 on average. The purchase cost the insider an estimated $33,295.
NEW Investor Report: The Perfect Lithium Opportunity
Electric vehicle demand is expected to jump 96% between 2021 and 2040. Meanwhile, the International Energy Agency sees a lithium shortage looming. The world needs lithium. New investment is needed, and fast. One company may be poised to deliver. Details in this FREE REPORT. This overlooked company has projects in the "Lithium Triangle," home to over 75% of the world's supply.
Important Earnings
Top US earnings releases scheduled for today include Arrival (NASDAQ: ARVL). It will announce its Sep 2022 financial results. The company is expected to report earnings of -$0.09 per share from revenues of $1.25M in the three-month period.
Analysts expect Coty Inc. (NYSE: COTY) to report a net income (adjusted) of $0.11 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $1.37B.
Elanco Animal Health Incorporated (ELAN), due to announce earnings before the market opens today, is expected to report earnings of $0.16 per share from revenues of $1.03B 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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