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- 09 Dec - NH - Morning Newsletter (with survey at top and bottom)
09 Dec - NH - Morning Newsletter (with survey at top and bottom)
Today's Top-4 Break Out Stocks
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Good Morning!Investors are eagerly awaiting new inflation data due later on today, which pushed stock futures higher Thursday evening.There was a 42-point rise in Dow Jones Industrial Average futures, or an increase of 0.12%. S&P 500 futures were up 0.12% and Nasdaq 100 futures rose 0.34%. After beating Wall Street expectations with its third-quarter earnings, Lululemon's shares fell more than 7% as it gave a weaker fourth-quarter outlook.The S&P 500 rallied earlier in the day to snap a five-day losing streak - its longest since October. Dow Jones gained 183.56 points, or 0.55%, and the broad-market index was up 0.75%. Nasdaq rallied 1.13% to post the day's best performance.While Thursday's gains were positive, all three major averages are expected to lose ground for the week. The S&P 500 is on the drop of 2.6%, while the Nasdaq is down more than 3%. There is a 1.8% decline in the Dow.In order to understand the effectiveness of the Federal Reserve's interest rate hikes, investors are waiting for the release of the November producer price index due later on today.Furthermore, traders are anticipating more inflation data and a Federal Reserve meeting next week. Whether inflation has eased will be revealed in the November consumer price index report due Dec. 13.
Little-known Biotech Stock Announces Positive News
Many readers know that Biotech stocks offer tremendous breakout potential when positive news is announced from Phase 1, Phase 2 and Phase 3 trials.
After positive news is announced, some of these little-known companies immediately become overnight sensations…
In particular, there is one Biotech stock that could be getting ready to announce Phase 3 results any day now.
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Today Top Movers
Marin Software Incorporated (MRIN) stock soared 30.07% to $1.47 in the pre-market trading after announcing that it has joined the Walmart Platform Partner program as an API partner.
DocuSign Inc. (NASDAQ: DOCU) shares are trading up 12.23% at $49.1 at the time of writing following the release of its 3rd quarter fiscal 2023 financial results.
Reborn Coffee Inc. (REBN) grew over 11.73% at $1.0 in pre-market trading today. The company recently announced that it has signed a binding Letter of Intent to acquire a specialty coffee shop and a roasting Research and Development facility in Daejeon, South Korea as part of its global expansion plan.
Baudax Bio Inc. (BXRX), a Biotechnology company, rose about 57.25% at $6.4 in pre-market trading Friday following the initiation of phase II clinical trial evaluating BX1000 in patients undergoing surgery.
Louis Navellier: My Top 11 Stocks for 2023
There's always a bull market somewhere and the billion-dollar money manager who picked the No. 1 stock in the S&P each year from 2012 to 2021, just released his 11 Top Stock recommendations for 2023.
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Top Upgrades & Downgrades
Goldman Sachs turned bullish on Jazz Pharmaceuticals plc (JAZZ), upgrading the stock to "Buy" and assigning a $190 price target, representing potential upside of 26.61% from Thursday's close.
DocuSign Inc. (DOCU) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Underweight to Neutral and moved their price target to $50, suggesting 14.29% additional upside for the stock.
National Health Investors Inc. (NHI) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $58. They changed their rating on NHI to Neutral from Underperform in a recently issued research note.
Earlier Friday Jefferies reduced its rating on Fidelity National Information Services Inc. (FIS) stock to Hold from Buy and assigned the price target to $75.
Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that its rating for MetLife Inc. (MET) has been changed to Hold from Buy and the new price target is set at $82.
Analysts at Jefferies downgraded Equitable Holdings Inc. (EQH)'s stock to Hold from Buy Friday.
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.
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Latest Insider Activity
Sunrun Inc. (RUN) Chief Accounting Officer Philpot Michelle announced the sale of shares taking place on Dec 06 at $29.44 for some 123 shares. The total came to more than $3621.0.
Palantir Technologies Inc. (PLTR) See Remarks Karp Alexander C. sold on Dec 07 a total 809,398 shares at $7.13 on average. The insider’s sale generated proceeds of almost $5.77 million.
Barnes & Noble Education Inc. (BNED) CEO HUSEBY MICHAEL declared the purchase of shares taking place on Dec 08 at $1.44 for some 17,500 shares. The transaction amount was around $25200.0.
Six Flags Entertainment Corporation (SIX) CHIEF FINANCIAL OFFICER Mick Gary bought on Dec 07 a total 4,500 shares at $21.16 on average. The purchase cost the insider an estimated $95,236.
Own the Next Major US Gold Discovery for Just US$1 Per Share
Smart investors are making an absolute killing on select gold stocks as inflation soars. But what's the safest and smartest way to invest? Here's an under-the-radar Canadian gold company that's zeroing in on the next major US gold discovery… trading at an insanely low US$1 per share.
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Important Earnings
Top US earnings releases scheduled for Monday include Coupa Software Incorporated (NASDAQ: COUP). It will announce its Oct 2022 financial results. The company is expected to report earnings of $0.1 per share from revenues of $213.33M in the three-month period.
Analysts expect Fluence Energy Inc. (NASDAQ: FLNC) to report a net income (adjusted) of -$0.28 per share, when the company releases its quarterly results Monday. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $347.07M.
Universal Technical Institute Inc. (UTI), due to announce earnings before the market opens Monda, is expected to report earnings of $0.03 per share from revenues of $111.47M 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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