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10 Aug - NH - Morning Newsletter (with survey at top and bottom)
4 Active Premarket Stocks To Trade Today
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Good Morning!
The session on August 9, US stock markets ended in the red zone. The S&P 500 fell 0.42% to 4122, the Nasdaq corrected 1.19% and the Dow Jones shed 0.18%. Seven out of 11 sectors included in the broad market index showed negative dynamics. Energy (+1.77%) and utilities (+1.06%) companies outperformed the market. The outsiders were representatives of the cyclical consumer (-1.54%) and technology (-1.00%) sectors.Company news
AppLovin Corporation (APP: -10.29%) is offering to buy Unity Software (U: +1.19%) for $20 billion.
Micron Technology Inc. (MU: -3.74%) revised down its sales forecasts for the fourth fiscal quarter again and cuts capital expenditures.
Signet Jewelers Limited (SIG: -11.70%) announced the acquisition of online jewelry retailer Blue Nile for $360 million.
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.
Today Top Movers
CarLotz Inc. (LOTZ) stock soared 25.27% to $0.709 in pre-market trading after announcing a definitive agreement with Shift Technologies, Inc. (SFT), to combine in a stock-for-stock merger.
BARK Inc. (NYSE: BARK) shares are trading up 16.38% at $2.06 at the time of writing following the declaration of first quarter fiscal year 2023 results.
Quanergy Systems Inc. (QNGY) grew over 15.08% at $0.38 in pre-market trading today after announcing that Prime Secured will use its products and software to provide its customers with greater physical security and flow management capabilities.
The Trade Desk Inc. (TTD), a Software - Application company, rose about 15.71% at $63.06 in pre-market trading Wednesday. The company reported second-quarter 2022 financial results.
#1 EV Stock to Buy Today
The EV market is growing faster than crypto, AI, and cloud computing combined. BBC calls it "the biggest revolution in motoring since 1913."
Top Upgrades & Downgrades
Barclays turned bullish on CF Industries Holdings Inc. (CF), upgrading the stock to "Overweight" and assigning a $120.00 price target, representing potential upside of 16.94% from Tuesday's close.
Equitrans Midstream Corporation (ETRN) has won the favor of Wells Fargo's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $13.00, suggesting 47.81% additional upside for the stock.
Cazoo Group Ltd (CZOO) received an upgrade from analysts at Berenberg, who also set their one-year price target on the stock to $2.33. They changed their rating on CZOO to Buy from Sell in a recently issued research note.
Earlier Wednesday DZ Bank reduced its rating on Take-Two Interactive Software Inc. (TTWO) stock to Hold from Buy and assigned the price target to $135.00.
Raymond James analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Micron Technology Inc. (MU) has been changed to Outperform from Strong Buy and the new price target is set at $65.00.
Analysts at Deutsche Bank downgraded Moody's Corporation (MCO)'s stock to Hold from Buy Wednesday.
$200 Oil Sooner Than You Think - Buy This Now
Are you ready for $200 oil? Analysts believe that we could see oil prices soar past $200 a barrel - and investors need to get ready. To help people prep their portfolios, Louis Navellier just named his #1 oil stock for 2022.
Latest Insider Activity
DoorDash Inc. (DASH) Director Brown Shona L announced the sale of shares taking place on Aug 04 at $80.95 for some 1,250 shares. The total came to more than $0.1 million.
Keurig Dr Pepper Inc. (KDP) Director Singer Robert S sold on Aug 05 a total 3,500 shares at $38.60 on average. The insider’s sale generated proceeds of almost $135,100.
Kyndryl Holdings Inc. (KD) Director Ungerleider Howard I declared the purchase of shares taking place on Aug 05 at $10.59 for some 20,000 shares. The transaction amount was around $0.21 million.
OPKO Health Inc. (OPK) CEO & Chairman FROST PHILLIP MD ET AL bought on Aug 05 a total 350,000 shares at $2.29 on average. The purchase cost the insider an estimated $802,103.
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 Fox Corporation (NASDAQ: FOXA). It will announce its Jun 2022 financial results. The company is expected to report earnings of $0.76 per share from revenues of $3.05B in the three-month period.
Analysts expect The Wendy's Company (NASDAQ: WEN) to report a net income (adjusted) of $0.22 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $539.96M.
Ballard Power Systems Inc. (BLDP), due to announce earnings before the market opens today, is expected to report earnings of -$0.06 per share from revenues of $26.46M 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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