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- 09 Jan - NH - Morning Newsletter (with survey at top and bottom)
09 Jan - NH - Morning Newsletter (with survey at top and bottom)
4 Best Performing Stocks for Monday Trading
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Good Morning!Wall Street looks set to open higher today as investors anticipate a busy week ahead, with the release of U.S. inflation data and the beginning of the fourth-quarter earnings season. In addition, the ongoing easing of Covid-19 restrictions in China provided a boost to short-term sentiment.On Monday, stock futures were slightly up in the early morning trading session after the major stock indexes experienced their first significant rally of the year on Friday. Futures for the Dow Jones Industrial Average rose by 56 points, or 0.17%, while S&P 500 and Nasdaq 100 futures both increased by 0.31% and 0.51%, respectively. The positive movement in futures followed Friday's rally, where the Dow saw a 2.13% increase, the S&P 500 rose by 2.28%, and the Nasdaq Composite increased by 2.56%. The December employment report, which showed slightly higher than expected nonfarm payrolls but slower than expected wage growth, as well as a contraction in the services sector, raised hopes that the Federal Reserve's interest rate increases were effectively curbing inflation.
These 5 Tech Stocks Have 10x Potential
If you had bought Netflix after the dot-com crash, you could have turned $1,000 into over half a million dollars in profit. And today – thanks to the tech crash – you have a similar opportunity. Luke Lango just named 5 tech stocks with 10x potential in a new report (one is trading for just $6).
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Today Top Movers
CinCor Pharma Inc. (CINC) stock soared 140.41% to $28.32 in the pre-market trading after announcing that it has entered into a definitive agreement with AstraZeneca under which AstraZeneca has agreed to acquire CinCor.
Ocugen Inc. (NASDAQ: OCGN) shares are trading up 15.38% at $1.5 at the time of writing following the release of positive top-line data for COVID-19 vaccine candidate COVAXIN™ (BBV152) in phase 2/3 immuno-bridging and broadening study.
Day One Biopharmaceuticals Inc. (DAWN) grew over 24.88% at $26.65 in pre-market trading today. The company announced positive topline results from the ongoing, open-label, pivotal Phase 2 FIREFLY-1 trial.
Phathom Pharmaceuticals Inc. (PHAT), a Biotechnology company, rose about 19.28% at $8.97 in pre-market trading Monday after declaring positive topline results from PHALCON-NERD-301.
The Tool to Help Traders Stay Calm During Market Turbulence?
Like sunscreen, an umbrella, or salt on the road in winter it's quite easy to find protection from the natural elements.
But navigating the tendencies of the stock market at the beginning of a New Year is not so simple.
That's why traders are catching on to a technology that's sending the investment world into a frenzy amid high volatility.
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Top Upgrades & Downgrades
Piper Sandler turned bullish on Oracle Corporation (ORCL), upgrading the stock to "Overweight" and assigning a $104 price target, representing potential upside of 21.37% from Friday's close.
Mastercard Incorporated (MA) has won the favor of Keybanc's equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $425, suggesting 15.61% additional upside for the stock.
Visa Inc. (V) received an upgrade from analysts at Keybanc, who also set their one-year price target on the stock to $210. They changed their rating on V to Overweight from Sector Weight in a recently issued research note.
Earlier Monday Goldman Sachs reduced its rating on MetLife Inc. (MET) stock to Neutral from Buy and assigned the price target to $78.
Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Prudential Financial Inc. (PRU) has been changed to Sell from Neutral and the new price target is set at $96.
Analysts at Keybanc downgraded PayPal Holdings Inc. (PYPL)'s stock to Sector Weight from Overweight Monday.
Wall Street Legend: The Top 11 Stocks for 2023
Louis Navellier's system has identified 18 stocks that rose 10,000% or higher... and more than 675 stocks that went up 100%... not to mention the No. 1 stock in the S&P 500 each and every year, for a decade, from 2012 to 2021. Now he's releasing his list of the Top 11 stocks for 2023.
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Latest Insider Activity
Roivant Sciences Ltd. (ROIV) President & COO Venker Eric announced the sale of shares taking place on Jan 05 at $8.02 for some 24,037 shares. The total came to more than $0.19 million.
Iridium Communications Inc. (IRDM) Chief Executive Officer DESCH MATTHEW J sold on Jan 06 a total 9,208 shares at $59.96 on average. The insider’s sale generated proceeds of almost $0.55 million.
SVB Financial Group (SIVB) Director Matthews Beverly Kay declared the purchase of shares taking place on Jan 03 at $232.06 for some 1,000 shares. The transaction amount was around $0.23 million.
TG Therapeutics Inc. (TGTX) Director Echelard Yann bought on Jan 06 a total 9,000 shares at $10.64 on average. The purchase cost the insider an estimated $95,760.
The Top 5 NASDAQ Stocks to Own for New Year 2023
Even in the worst of times, markets have rallied back. Just as they always have. So, if you're thinking of quitting the market, don't. There are plenty of bargains and hot investing ideas to jump on. In fact, here are five of our best ideas for 2023.
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Important Earnings
Top US earnings releases scheduled for today include Jefferies Financial Group Inc. (NYSE: JEF). It will announce its Nov 2022 financial results. The company is expected to report earnings of $0.57 per share from revenues of $1.25B in the three-month period.
Analysts expect E2open Parent Holdings Inc. (NYSE:ETWO) to report a net income (adjusted) of $0.07 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Nov 2022 is predicted to come in at $168.06M.
Applied Digital Corporation (APLD), due to announce earnings after the market closes today, is expected to report earnings of -$0.06 per share from revenues of $12.2M 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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