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- 11 May - ST - Morning Newsletter (with survey at top and bottom)
11 May - ST - Morning Newsletter (with survey at top and bottom)
4 Red-Hot Stocks to Watch Today
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Good Morning!
The trading session on May 10, the major US stock indexes ended in different directions. The S&P 500 rose 0.25% to 4001 points, the Nasdaq gained 1.30% and the Dow Jones shed 0.26%. Positive dynamics was demonstrated by technology companies (+1.52%) and energy companies (+0.91%). Representatives of the real estate sector (-2.22%) and utility providers (-1.21%) looked worse than the market.Company news
Biohaven Pharmaceutical (BHVN: +68.39%) received an offer from Pfizer Corporation (PFE: +1.75%). If implemented, the deal, which is valued at $11.6 billion, will be the largest for Pfizer since 2016.
Sony Group (SONY: +1.43%) posted a doubling in operating profit for the first quarter, driven by strong PlayStation sales. The company plans to launch a $1.54 billion annual share buyback program from May.
Upstart (UPST: -56.42%) outperformed consensus on Q1 financials, but lowered its own revenue guidance for the current year, reflecting the negative impact of higher interest rates and macroeconomic uncertainty.
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.
Today Top Movers
Zai Lab Limited (ZLAB) stock soared 16.81% to $30.65 in the pre-market trading after releasing financial results for the first quarter of 2022.
Li Auto Inc. (NASDAQ: LI) shares are trading up 9.05% at $21.45 at the time of writing. The company reported total revenues of $1.51 billion in the Q1 2022, representing an increase of 167.5% from the Q1 2021
NIO Inc. (NIO) grew over 4.17% at $14.0 in pre-market trading today after declaring that it expects its Class A ordinary shares, a par value of US$0.00025 per share to be listed and commence trading on the Main Board of the Singapore Exchange Securities Trading Limited on May 20, 2022.
Desktop Metal, Inc. (DM), a Semiconductors company, rose about 20.30% at $1.60 in pre-market trading Wednesday after pricing $100 million convertible senior notes offering.
Watch These 4 Penny Stocks...
Small cap stocks - and penny stocks in particular - tend to march to the beat of their own drummer. Low-priced, "penny," stocks like these offer a great way to make money regardless of the direction of the markets as a whole...
Top Upgrades & Downgrades
Baird turned bullish on Arrowhead Pharmaceuticals Inc. (ARWR), upgrading the stock to "Outperform" and assigning a $60.00 price target, representing potential upside of 74.98% from Tuesday's close.
Arcturus Therapeutics Holdings Inc. (ARCT) has won the favor of Baird's equity research team. The firm upgraded the shares from Underperform to Neutral and moved their price target to $18.00, suggesting 8.56% additional upside for the stock.
Planet Fitness Inc. (PLNT) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $90.00. They changed their rating on PLNT to Overweight from Neutral in a recently issued research note.
Earlier Wednesday Roth Capital reduced its rating on Array Technologies Inc. (ARRY) stock to Neutral from Buy and assigned the price target to $7.00.
Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Corning Incorporated (GLW) has been changed to Equal-Weight from Overweight and the new price target is set at $38.00.
Analysts at Piper Sandler downgraded loanDepot Inc. (LDI)'s stock to Neutral from Overweight Wednesday.
$2 Small-Cap Uranium Stock Set for Big Gains in 2022 Bull Run
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Latest Insider Activity
Ford Motor Company (F) 10% Owner FORD MOTOR CO announced the sale of shares taking place on May 09 at $26.80 for some 8,000,000 shares. The total came to more than $214.4 million.
Rivian Automotive Inc. (RIVN) 10% Owner FORD MOTOR CO sold on May 09 a total 8,000,000 shares at $26.80 on average. The insider’s sale generated proceeds of almost $214.4 million.
Cloudflare Inc. (NET) Director Eitel Maria S declared the purchase of shares taking place on May 09 at $62.77 for some 15,000 shares. The transaction amount was around $0.94 million.
General Electric Company (GE) Director Reynolds Paula Rosput bought on May 06 a total 1,200 shares at $77.65 on average. The purchase cost the insider an estimated $93,180.
Four Trades to Watch
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Important Earnings
Top US earnings releases scheduled for today include Biohaven Pharmaceutical Holding Company Ltd. (NYSE:BHVN). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$2.53 per share from revenues of $181.11M in the three-month period.
Analysts expect Innoviz Technologies Ltd. (INVZ) to report a net income (adjusted) of -$0.18 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $2.17M.
The Wendy's Company (WEN), due to announce earnings after the market closes today, is expected to report earnings of $0.18 per share from revenues of $496.87M 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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