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- 10 May - ST - Morning Newsletter (with survey at top and bottom)
10 May - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Trade Today
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Good Morning!
According to trading data, the main US stock indexes are falling by more than 1% on the growth of fears for the development of the global economy.The Dow Jones Industrial Average (DJIA) was down 1.17% to 32,513.54 points, the NASDAQ high-tech index was down 2.17% to 11,877.65 points, and the S&P 500 broad market index was down 1 .63%, up to 4055.4 points.The American exchanges were covered by a wave of sales. Asia-Pacific stocks closed mostly down more than 1%, while European indices fell by more than 1.5%. Fears about the development of the economy have again escalated in the markets in the face of geopolitical tensions and China's policy to achieve "zero incidence of COVID-19", which slows down the development of the country's economy.Against this background, investors pay attention to inflation statistics. US data will be released on Wednesday. It is expected that annual inflation in April will finally slow down to 8.1% from 8.5% a month earlier. The indicator has been continuously accelerating for seven months.
5 Megatrend Stocks for 2022
These 5 stocks offer the potential to deliver significant returns in the months ahead thanks to key megatrends... They are well-positioned to deliver a high upside to investors over the next 12 to 18 months. Don't miss out on your chance to get in early.
Today Top Movers
Cenntro Electric Group Limited (CENN) stock soared 9.46% to $1.62 in the pre-market trading. Cenntro and NVVE declared an alliance to accelerate the adoption of commercial electric vehicles.
Vroom Inc. (NASDAQ: VRM) shares are trading up 31.48% at $1.42 at the time of writing after releasing financial results for the first quarter ended March 31, 2022.
Vertex Energy Inc. (VTNR) grew over 19.43% at $11.31 in pre-market trading today. The firm reported a total gross profit of $20.9 million in Q1 2022, inclusive of discontinued operations, an increase of 56% year-over-year.
Mullen Automotive Inc. (MULN), an auto manufacturers company, rose about 5.56% at $1.14 in pre-market trading Tuesday after announcing an update on Mullen’s solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana.
Don't Miss Your Chance to Get Rich in the 2022 Gold Bull Market
Gold is soaring. And smart investors are jumping into the small-cap gold sector where outsized returns are being fueled by a rising tide for precious metals in the face of rampant inflation and geopolitical turmoil. This small-cap gold explorer is trading undiscovered below US$0.25 per share. It's drilling now and already hitting high-grade gold plus silver.
Top Upgrades & Downgrades
Jefferies turned bullish on Prestige Consumer Healthcare Inc. (PBH), upgrading the stock to "Buy" and assigning a $70.00 price target, representing potential upside of 21.76% from Monday's close.
Clean Energy Fuels Corp. (CLNE) has won the favor of Raymond James's equity research team. The firm upgraded the shares from Market Perform to Outperform and moved their price target to $6.00, suggesting 41.84% additional upside for the stock.
Xenia Hotels & Resorts Inc. (XHR) received an upgrade from analysts at B. Riley Securities, who also set their one-year price target on the stock to $22.00. They changed their rating on XHR to Buy from Neutral in a recently issued research note.
Earlier Tuesday Evercore ISI Group reduced its rating on GoodRx Holdings Inc. (GDRX) stock to In-line from Outperform and assigned the price target to $12.00.
RBC Capital analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Palantir Technologies Inc. (PLTR) has been changed to Underperform from Sector Perform and the new price target is set at $6.00.
Analysts at Piper Sandler downgraded Upstart Holdings Inc. (UPST)'s stock to Neutral from Overweight Tuesday.
One company perfectly positioned for the EV shift
While the prices for lithium and nickel skyrocket in anticipation of the electric vehicle revolution, one overlooked company is perfectly positioned to capitalize.
Latest Insider Activity
PayPal Holdings Inc. (PYPL) EVP, Global Sales Alford Peggy announced the sale of shares taking place on May 06 at $85.32 for some 14,767 shares. The total came to more than $1.26 million.
Devon Energy Corporation (DVN) Director KINDICK KELT sold on May 06 a total 9,049 shares at $68.03 on average. The insider’s sale generated proceeds of almost $0.62 million.
Uber Technologies Inc. (UBER) Chief Executive Officer KHOSROWSHAHI DARA declared the purchase of shares taking place on May 06 at $26.73 for some 200,000 shares. The transaction amount was around $5.35 million.
fuboTV Inc. (FUBO) Chief Financial Officer Janedis John bought on May 09 a total 7,000 shares at $2.94 on average. The purchase cost the insider an estimated $20,580.
Four Trades to Watch
Predictive analysis is revolutionizing the trading space as we know it.
With high-accuracy forecasting, traders can dodge losses and squeeze the most out of their trade entries and exits.
Check out today's deep dive into Four Trades to Watch to see the tricks and tips you may not know about.
Important Earnings
Top US earnings releases scheduled for today include Exela Technologies Inc. (NASDAQ:XELA). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.1 per share from revenues of $284.91M in the three-month period.
Analysts expect Fox Corporation (NASDAQ:FOXA) to report a net income (adjusted) of $0.88 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $3.39B.
Peloton Interactive Inc. (PTON), due to announce earnings before the market opens today, is expected to report earnings of -$0.83 per share from revenues of $973.02M 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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