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- 10 Nov - NH - Morning Newsletter (with survey at top and bottom)
10 Nov - NH - Morning Newsletter (with survey at top and bottom)
4 "Power Pick" Stocks for Today's Session
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Good Morning!As investors awaited new inflation data and waited for results from the U.S. election, stock futures advanced Thursday.There was a 0.1% rise in Dow Jones Industrial Average futures. Futures for the S&P 500 rose 0.1% and those for Nasdaq 100 gained 0.2%.This comes on the heels of a day of losses, as the Dow dropped 646.89 points, or 1.95%. S&P 500 dropped 2.1% and Nasdaq Composite slided nearly 2.5%.Declines were attributed to uncertainty surrounding the U.S. midterms. There was a hope that Republicans would sweep the House of Representatives and the Senate on Tuesday, which would have created gridlock in Washington, D.C. In reality, Arizona, Georgia, and Nevada are still up for grabs in the Senate. Investors will be focusing on Thursday's CPI report, due at 8:30 a.m. ET. Also on the day, the weekly unemployment claims will be released.
Rare Metal Discovery: Tiny Sub-$0.25 Stock Set to Deliver Gains
Smart investors are blowing away Wall Street's so-called experts on clean energy stocks. And with the green-energy revolution in full-swing, the near-term gains could be absolutely life-changing. The timing is dead-on accurate with this sub-US$0.25 stock securing an ultra-rare clean energy resource on North American soil that China doesn't want us to have.
Today Top Movers
Fast Radius Inc. (FSRD) stock soared 89.59% to $0.193 in the pre-market trading after receiving court approval of first day motions to support business operations.
Canoo Inc. (NASDAQ: GOEV) shares are trading up 15.38% at $1.35 at the time of writing. The company recently announced that it has entered into an agreement to acquire a Vehicle Manufacturing Facility in Oklahoma City.
Magnite Inc. (MGNI) grew over 16.96% at $6.76 in pre-market trading today after reporting third quarter 2022 results.
Digital Turbine Inc. (APPS), a Software - Application company, rose about 22.19% at $13.16 in pre-market trading Thursday following the declaration of fiscal 2023 second quarter financial results.
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities.
Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Top Upgrades & Downgrades
Loop Capital turned bullish on Palo Alto Networks Inc. (PANW), upgrading the stock to "Buy" and assigning a $200 price target, representing potential upside of 31.95% from Wednesday's close.
KORU Medical Systems Inc. (KRMD) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $3.5, suggesting 51.52% additional upside for the stock.
AeroVironment Inc. (AVAV) received an upgrade from analysts at Raymond James, who also set their one-year price target on the stock to $100. They changed their rating on AVAV to Outperform from Market Perform in a recently issued research note.
Earlier Thursday UBS reduced its rating on Altria Group Inc. (MO) stock to Sell from Neutral and assigned the price target to $338.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Roblox Corporation (RBLX) has been changed to Neutral from Overweight and the new price target is set at $50.
Analysts at Wolfe Research downgraded General Motors Company (GM)'s stock to Peer Perform from Outperform Thursday.
Virginia Millionaire Warns European Energy Crisis Could Destroy U.S. Economy
Morgan Stanley is warning of an "imminent recession" in Europe. The head of the European Central Bank says it is a "very dark downside scenario."
And one Virginia millionaire who predicted the housing crisis and called the bottom of the COVID market... says this could be devastating to U.S. stocks.
But only if ONE THING doesn't happen.
Latest Insider Activity
ServiceNow Inc. (NOW) Chief Commercial Officer Smith Paul John announced the sale of shares taking place on Nov 08 at $363.10 for some 37 shares. The total came to more than $13435.0.
Bristol-Myers Squibb Company (BMY) EVP, Research & Early Dev. VESSEY RUPERT sold on Nov 07 a total 45,910 shares at $78.88 on average. The insider’s sale generated proceeds of almost $3.62 million.
Fortress Transportation and Infrastructure Investors LLC (FTAI) CEO and Chairman Adams Joseph P. Jr. declared the purchase of shares taking place on Nov 09 at $18.00 for some 25,000 shares. The transaction amount was around $0.45 million.
Advanced Drainage Systems Inc. (WMS) Director PEREZ DE LA MESA MANUEL J bought on Nov 07 a total 5,000 shares at $81.90 on average. The purchase cost the insider an estimated $409,500.
6 Stocks Under 5 Bucks
Getting stocks under $5 a share is pretty sweet... But how do you know which stocks will be the big movers? These six low-priced stocks could deliver for investors in a big way.
Important Earnings
Top US earnings releases scheduled for today include AstraZeneca PLC (NASDAQ: AZN). It will announce its Sep 2022 financial results. The company is expected to report earnings of $0.72 per share from revenues of $10.91B in the three-month period.
Analysts expect WestRock Company (NYSE: WRK) to report a net income (adjusted) of $1.41 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $5.47B.
Tapestry Inc. (TPR), due to announce earnings before the market opens today, is expected to report earnings of $0.75 per share from revenues of $1.5B 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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