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09 Aug - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks You Should Watch Today
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Good Morning!
The session on August 8, US stock markets ended mostly in the red zone. The S&P 500 fell 0.12% to 4140 points, the Nasdaq shed 0.10% and the Dow Jones gained 0.09%. Seven out of 11 sectors included in the broad market index showed positive dynamics. Issuers from the real estate sector traded better than the market (+0.71%). Technology (-0.88%) and financial companies (-0.18%) turned out to be outsiders.Company news
Pfizer Inc (PFE: +0.61%) to acquire orphan drug maker Global Blood Therapeutics, Inc. (GBT: +4.32%) for $5.4 billion.
Avalara, Inc. (AVLR: -3.86%) will go private as part of a share buyback by investment firm Vista Equity Partners at a price of $93.5 per share.
NVIDIA Corporation (NVDA: -6.30%) announced that its second-quarter revenue fell 19% QoQ due to weak performance in the gaming segment.
The No. 1 Rebound Stock of 2022?
One of the most talked-about stocks of 2022 is set to take off any day. You can grab shares for less than $5... But likely not for long.
Today Top Movers
Lemonade Inc. (LMND) stock soared 13.42% to $28.48 in the pre-market trading after announcing Q2 2022 financial results.
Verona Pharma plc (NASDAQ: VRNA) shares are trading up 29.35% at $8.99 at the time of writing. The company reported Q2 2022 financial results and provided a corporate update.
GoodRx Holdings Inc. (GDRX) grew over 39.56% at $10.83 in pre-market trading today after the company topped expectations with its latest results and indicated that a previously disclosed issue with a major grocer has since been “addressed.”
Desktop Metal Inc. (DM), a Computer Hardware company, rose about 12.36% to $2.91 in pre-market trading Tuesday after reporting record revenue of $57.7 million in Q2 2022, up 204% from the second quarter 2021, and an increase of 32% sequentially from first quarter 2022.
Buy This $5 Stock Before Apple Car Announcement
Apple is preparing to upend the auto industry with their own EV... and this $5 stock could soar 40X once it goes live!
Top Upgrades & Downgrades
BMO Capital turned bullish on Brunswick Corporation (BC), upgrading the stock to Outperform and assigning a $110 price target, representing potential upside of 37.53% from Monday's close.
Myovant Sciences Ltd. (MYOV) has won the favor of SVB Leerink's equity research team. The firm upgraded the shares from Market Perform to Outperform and moved its price target to $23.00, suggesting a 46.68% additional upside for the stock.
Tyson Foods Inc. (TSN) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $79.00. They changed their rating on TSN to Neutral from Underweight in a recently issued research note.
Earlier Tuesday SVB Leerink reduced its rating on Global Blood Therapeutics Inc. (GBT) stock to Market Perform from Outperform and assigned the price target to $68.5.
Exane BNP Paribas analysts reduced their investment ratings, saying in research reports covered by the media that its rating for NIKE Inc. (NKE) has been changed to Neutral from Outperform and the new price target is set at $118.00.
Analysts at Barclays downgraded CRISPR Therapeutics AG (CRSP)'s stock to Equal-Weight from Overweight Tuesday.
Top 5 Stocks with Strong Insider Buying
One of the best ways to spot potential opportunity is by tracking insiders.
After all, who knows the company better than an insider - the CEO, CFO, COO, officers, employees, and directors? If they're buying a sizable number of shares, it's often a good idea to start looking into why and perhaps follow them into the stock. Here are five stocks seeing a good share of insider buying in recent weeks.
Latest Insider Activity
SoFi Technologies Inc. (SOFI) 10% Owner SOFTBANK GROUP CORP announced the sale of shares taking place on Aug 08 at $8.17 for some 6,683,133 shares. The total came to more than $54.6 million.
bluebird bio Inc. (BLUE) Chief Strategy & Financial Off Cole Jason sold on Aug 04 a total 7,448 shares at $4.39 on average. The insider’s sale generated proceeds of almost $32707.0.
Occidental Petroleum Corporation (OXY) 10% Owner BERKSHIRE HATHAWAY INC declared the purchase of shares taking place on Aug 08 at $59.67 for some 538,020 shares. The transaction amount was around $32.11 million.
Exxon Mobil Corporation (XOM) Director UBBEN JEFFREY W bought on Aug 05 a total 40,000 shares at $86.97 on average. The purchase cost the insider an estimated $3.48 million.
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.
Important Earnings
Top US earnings releases scheduled for today include Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH). It will announce its Jun 2022 financial results. The company is expected to report earnings of -$0.86 per share from revenues of $1.26B in the three-month period.
Analysts expect Amyris Inc. (NASDAQ: AMRS) to report a net income (adjusted) of -$0.26 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $81.53M.
Emerson Electric Co. (EMR), due to announce earnings before the market opens today, is expected to report earnings of $1.3 per share from revenues of $5.12B 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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