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11 Apr - ST - Morning Newsletter (with survey at top and bottom)

4 Stocks Rallying to Start the Week

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Good Morning!

April 8, the main US stock markets showed mixed dynamics. The S&P 500 fell 0.27% to 4488 points, the Dow Jones rose 0.4%, the Nasdaq shed 1.34%. Value shares were the most popular among investors. The growth leader was the energy sector (+2.76%) and the outsiders were IT companies (-1.43%).Company news

  • WD-40 Company (WDFC: +7.1%) reported better-than-expected fiscal 2nd quarter revenue and EPS. However, the annual forecast was revised down due to the increased fuel costs, in addition to the company announcement of a price increase.

  • Merit Medical Systems (MMSI: +2.1%) may plan to acquire private equity firms GTCR and CD&R, according to Reuters.

  • LXP Industrial Trust (LXP: -12.8%) announced the suspension of evaluation of strategic alternatives due to changing macroeconomic, geopolitical and financial conditions. Its own net profit forecast for 2022 was below the general market consensus.

Could This $30 Super-Battery Maker Dethrone Tesla?

Could this $30 stock destroy Tesla's electric car empire? Louis Navellier reveals the ticker symbol of the company working with this breakthrough battery technology in this exclusive presentation.

Today Top Movers

Genocea Biosciences Inc. (GNCA) stock soared 52.5% to $0.61 in the pre-market trading. The company presented clinical, preclinical, and manufacturing data at the American Association for Cancer Research (AACR) Annual Meeting 2022 in New Orleans and virtually.

Affimed N.V. (NASDAQ: AFMD) shares are trading up 16.25% at $5.15 at the time of writing after providing a data update from the ongoing study of the Company’s lead innate cell engager (ICE®) AFM13 precomplexed with cord blood-derived natural killer (cbNK) cells.

SailPoint Technologies Holdings Inc. (SAIL) grew over 26.6% at $62.78 in pre-market trading today after declaring that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction that values SailPoint at approximately $6.9 billion.

Guardforce AI Co. Limited (GFAI), a Security & Protection Services company, rose about 16.67% at $1.4 in pre-market trading Monday after announcing that it has entered into a mutual agreement with Blue Pin (HK) Limited to integrate BP's Guest Services RobotTM into the Company's concierge robots (T-series) and co-market the integration within the hotel industry.

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5 Megatrends

and the stocks that accompany their meteoric popularity.

Top Upgrades & Downgrades

Baird turned bullish on CatchMark Timber Trust Inc. (CTT), upgrading the stock to "Outperform" and assigning a $10.00 price target, representing potential upside of 24.84% from Friday's close.

ChampionX Corporation (CHX) 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 $30.00, suggesting 25.94% additional upside for the stock.

JetBlue Airways Corporation (JBLU) received an upgrade from analysts at MKM Partners, who also set their one-year price target on the stock to $13.00. They changed their rating on JBLU to Buy from Neutral in a recently issued research note.

Earlier Monday Morgan Stanley reduced its rating on Sterling Check Corp. (STER) stock to Equal-Weight from Overweight and assigned the price target to $26.00.

Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that its rating for T. Rowe Price Group Inc. (TROW) has been changed to Hold from Buy and the new price target is set at $156.00.

Analysts at Baird downgraded NVIDIA Corporation (NVDA)'s stock to Neutral from Outperform Monday.

Big Digital Currency Event

New "Digital Calendar" predicts major swings in advance. Mark your calendar for April 27th. Get ahead of a 2022 digital rebound with Charlie Shrem's new income calendar.

Latest Insider Activity

AutoNation Inc. (AN) 10% Owner LAMPERT EDWARD S announced the sale of shares taking place on Apr 08 at $103.18 for some 80,000 shares. The total came to more than $8.25 million.

Sunrun Inc. (RUN) Chief Revenue Officer Dickson Paul S. sold on Apr 06 a total 650 shares at $28.76 on average. The insider’s sale generated proceeds of almost $18694.0.

Nielsen Holdings plc (NLSN) 10% Owner WINDACRE PARTNERSHIP LLC declared the purchase of shares taking place on Apr 07 at $27.64 for some 12,023,700 shares. The transaction amount was around $332.34 million.

Energy Transfer LP (ET) Director Grimm Michael K bought on Apr 06 a total 504,600 shares at $11.21 on average. The purchase cost the insider an estimated $5.66 million.

Individual investors are making an absolute killing on select gold stocks in '22. But what's the safest and smartest way to invest? Here's an under-the-radar Canadian gold company that's amassed over 30 million ounces of the yellow metal... worth Tens of $Billions... trading at an insanely low US$1.75 per share.

Important Earnings

Top Upcoming US earnings releases include Airspan Networks Holdings Inc. (AMEX:MIMO). It will announce its Dec 2021 financial results. The company is expected to report earnings of -$0.12 per share from revenues of $54M in the three-month period.

Analysts expect Albertsons Companies Inc. (NYSE: ACI) to report a net income of $0.64 per share when the company releases its quarterly results on Tuesday. Revenue for the fiscal quarter ended Feb 2022 is predicted to come in at $16.73B.

OrganiGram Holdings Inc. (OGI), due to announce earnings after the market closes tomorrow, is expected to report earnings of -$0.02 per share from revenues of $25.79M 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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