- Stocks Telegraph
- Posts
- 10 Oct - ST - Morning Newsletter (with survey at top and bottom)
10 Oct - ST - Morning Newsletter (with survey at top and bottom)
4 Stocks Breaking Out to Start the Week
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!Futures for stocks slipped Monday morning as markets came out of a volatile week and also traders looked ahead to the key economic reports that will be released in the coming week.There was a 0.3% or 75 points drop in Dow Jones Industrial Average futures. In addition, Nasdaq 100 futures declined 0.5% and S&P 500 futures fell 0.4%. Upcoming week marks the start of earnings season, with four of the world's largest banks, JPMorgan, Wells Fargo, Morgan Stanley and Citi, set to post their results on Friday. Additionally, PepsiCo, Delta, and Domino's will also report their earnings. Thursday morning, the monthly Consumer Price Index will be released, which will provide a glimpse into inflation.S&P 500 stocks rose more than 5% in the first half of the last week, their highest gain since 2020. The Federal Reserve's decision to raise interest rates amidst weak jobs data and OPEC+'s decision to cut oil supply later in the week shocked investors, knocking the market lower. Compared to the start of the week, the S&P ended Friday up 1.5%. Meanwhile, the Nasdaq advanced 0.7% and the Dow gained 1.5%. This marks the first time in four weeks that all three stocks had a positive week. Nevertheless, all three remain down substantially in 2022, with the Nasdaq not far from its 52-week low.
A Cup & Handle...
The cup and handle is a stock chart pattern that signals a bullish market trend. The chart pattern itself resembles a cup and handle where the cup is in the shape of a "U", and the handle has a slight downward drift.
Today Top Movers
BitNile Holdings Inc. (NILE) stock soared 12.26% to $0.196 in the pre-market trading. The company announced preliminary Q3 sales of $49 million, up 182% sequentially and significantly above the average forecast of $23.70 million.
Nutex Health Inc. (NASDAQ: NUTX) shares are trading up 13.77% at $0.7395 at the time of writing after providing a corporate update.
ARC Document Solutions Inc. (ARC) grew over 0.43% at $2.33 in pre-market trading today. The company will report third quarter results on Nov 2, 2022.
Senti Biosciences Inc. (SNTI), a Biotechnology company, rose about 26.79% at $5.68 in pre-market trading Monday. Morgan Stanley analyst Michael Ulz initiated coverage of Senti Bio with an Equal Weight rating and $7.50 price target.
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.
Top Upgrades & Downgrades
Guggenheim turned bullish on Merck & Co. Inc. (MRK), upgrading the stock to "Buy" from Neutral.
The Kroger Co. (KR) has won the favor of Exane BNP Paribas's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $51.00, suggesting 18.6% additional upside for the stock.
Earlier Monday UBS reduced its rating on Ford Motor Company (F) stock to Sell from Neutral and assigned the price target to $10.00.
UBS analysts reduced their investment ratings, saying in research reports covered by the media that its rating for General Motors Company (GM) has been changed to Neutral from Buy and the new price target is set at $38.00.
Analysts at Needham downgraded Axonics Inc. (AXNX)'s stock to Hold from Buy Monday.
This "side income" is 100% recession proof (and beginner friendly)
Have you seen the price of gas lately? It's only getting worse. Here's why it doesn't matter…even if gas goes up to $10 / gallon. Because there's now a new way to make $500-$2,000 per day created by Scott Phillips. He agreed to reveal everything with two stipulations: Only 100 people will be allowed to attend, and there will be NO recording. So if you want a way to make $500-$2k a day without learning a new complicated skill, then head to the page below:
Latest Insider Activity
Sunrun Inc. (RUN) Chief Financial Officer Abajian Danny announced the sale of shares taking place on Oct 06 at $27.26 for some 172 shares. The total came to more than $4689.0.
Ginkgo Bioworks Holdings Inc. (DNA) See Remarks Fallon Marie E. sold on Oct 06 a total 102,254 shares at $3.25 on average. The insider’s sale generated proceeds of almost $332,326.
JELD-WEN Holding Inc. (JELD) 10% Owner Turtle Creek Asset Management declared the purchase of shares taking place on Oct 07 at $9.08 for some 61,000 shares. The transaction amount was around $0.55 million.
Rocket Companies Inc. (RKT) Director Rizik Matthew bought on Oct 07 a total 3,300 shares at $6.57 on average. The purchase cost the insider an estimated $21,681.
These 3 Chart Patterns...
Once you're able to recognize and understand these 3 chart patterns… You can then identify high-probability trading opportunities.
Important Earnings
Top US earnings releases scheduled for tomorrow include VOXX International Corporation (NASDAQ: VOXX). It will announce its Aug 2022 financial results. The company is expected to report earnings of -$0.06 per share from revenues of $137.93M in the three-month period.
Analysts expect Applied Blockchain Inc. (NASDAQ: APLD) to report a net income (adjusted) of -$0.1 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Aug 2022 is predicted to come in at $6.64M.
E2open Parent Holdings Inc. (ETWO), due to announce earnings after the market closes today, is expected to report earnings of $0.06 per share from revenues of $163.39M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.