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- 09 Feb - NH - Morning Newsletter (with survey at top and bottom)
09 Feb - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks You Should Watch Today
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Good Morning!Futures for US stock indices are rising on Thursday, follows from the trading data. Trades are, in particular, influenced by corporate news.Futures for the Dow Jones Industrial Index (DJIA) grew by 0.7% to 34,234 points, NASDAQ high-tech companies index surged 1.14%, to 12,688.25 points, and the S&P broad market index 500 is up 0.81%, to 4,164 points.Trading continues to be influenced, in particular, by the corporate reporting season. Thus, shares of Robinhood in the preliminary auctions rise in price by 6.3%. The company reported a 2.5-fold decrease in net loss in the fourth quarter and a 5% increase in revenue.Walt Disney shares are up 6.5% in pre-bidding. Earlier, the company announced its intention to reorganize, in which it plans to cut 7,000 employees.Traders are also waiting for US statistics. The Department of Labor later on Thursday will publish data on the number of initial claims for unemployment benefits in the United States for the week to February 4. Analysts suggest that the figure increased by 7,000 to 190,000.
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Today Top Movers
Cardiovascular Systems Inc. (CSII) stock soared 47.78% to $19.67 in the pre-market trading after reporting fiscal 2023 second quarter financial results.
AppLovin Corporation (NASDAQ: APP) shares are trading up 29.02% at $16.36 at the time of writing following the release of its Q4 and full year 2022 financial results.
OceanPal Inc. (OP) grew over 17.21% at $0.8648 in pre-market trading today after announcing pricing of approximately US$15.2 million public offering.
Guardforce AI Co. Limited (GFAI), a Security & Protection Services company, rose about 22.04% at $0.66 in pre-market trading Thursday following an SEC Form 6-K filing.
4 Defense Stocks to Watch
Military spending has an impact on the markets in many different ways... Which is why investors should take the current geopolitical climate into consideration when evaluating their portfolio.
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Top Upgrades & Downgrades
Jefferies turned bullish on Hims & Hers Health Inc. (HIMS), upgrading the stock to "Buy" and assigning a $11 price target, representing potential upside of 30.56% from Wednesday's close.
The New York Times Company (NYT) has won the favor of Barclays's equity research team. The firm upgraded the shares from Underweight to Equal-Weight and moved their price target to $36.
Equinor ASA (EQNR) received an upgrade from analysts at Pareto. They changed their rating on EQNR to Buy from Hold in a recently issued research note.
Earlier Thursday UBS reduced its rating on Univar Solutions Inc. (UNVR) stock to Neutral from Buy and assigned the price target to $37.
Keefe, Bruyette & Woods analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Bank of America Corporation (BAC) has been changed to Underperform from Market Perform and the new price target is set at $33.
Analysts at JP Morgan downgraded Vale S.A. (VALE)'s stock to Neutral from Overweight Thursday.
America's #1 Stock Picker Issues 5 Buy Alerts
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Latest Insider Activity
Tesla Inc. (TSLA) Chief Financial Officer Kirkhorn Zachary announced the sale of shares taking place on Feb 06 at $193.00 for some 3,750 shares. The total came to more than $0.72 million.
Amazon.com Inc. (AMZN) CEO Worldwide Amazon Stores Herrington Douglas J sold on Feb 06 a total 4,000 shares at $102.90 on average. The insider’s sale generated proceeds of almost $0.41 million.
NextEra Energy Inc. (NEE) Director LANE AMY B declared the purchase of shares taking place on Feb 06 at $74.86 for some 1,000 shares. The transaction amount was around $74864.0.
New York Community Bancorp Inc. (NYCB) Director Rosenfeld Ronald A. bought on Feb 06 a total 30,800 shares at $24.57 on average. The purchase cost the insider an estimated $756,756.
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Important Earnings
Top US earnings releases scheduled for today include Tapestry Inc. (NYSE: TPR). It will announce its Dec 2022 financial results. The company is expected to report earnings of $1.27 per share from revenues of $2.03B in the three-month period.
Analysts expect The Interpublic Group of Companies Inc. (NYSE: IPG) to report a net income (adjusted) of $1.01 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2022 is predicted to come in at $2.55B.
Canopy Growth Corporation (CGC), due to announce earnings before the market opens today, is expected to report earnings of -$0.17 per share from revenues of $86.85M 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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