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- 11 Nov - Morning Newsletter (with changes)
11 Nov - Morning Newsletter (with changes)
4 Best Performing Stocks for Thursday Trading
Good Morning!
On November 10, major US stock exchanges closed in the red. The S&P 500 fell 0.82% to 4647 points, the Nasdaq fell 1.66%, and the Dow Jones fell 0.66%. The best dynamics for the second session in a row was shown by issuers from the utility sector (+ 0.70%). The drop in oil and gas quotes led to the sale of energy sector securities (-2.97%). IT companies (-1.68%) and telecoms (-1.25%) also looked worse than the market.Today, global stock exchanges are showing positive dynamics after the correction the day before, caused by the release of negative statistics on inflation in the United States. A significant contribution to the acceleration of inflation is made by the increase in the cost of oil and gas, which leads to an increase in the cost of fuel and electricity.Tesla shares rose 4.3% in the morning. The company's shares fell 12% on Tuesday after declining on Monday as CEO Elon Musk signaled a possible sale of a large chunk of his stake in Tesla.
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Today Top Movers
ReWalk Robotics Ltd. (RWLK) stock soared 26.85% to $1.89 in the pre-market trading. The most recent rating by Barclays, on April 03, 2017, is an Underweight. ReWalk Robotics Reports Third Quarter 2021 Financial Results.Fossil Group Inc. (NASDAQ: FOSL) shares are trading up 33.24% at $18.44 at the time of writing. Company’s 52-week ranged between $5.91 to $28.60. Analysts have a consensus price target of $5. Fossil Group, Inc. Reports Third Quarter 2021 Financial Results; Raises Full Year Outlook.Affirm Holdings Inc. (AFRM) grew over 27.92% at $170.81 in pre-market trading today. Affirm Reports Fiscal Year 2022 First Quarter Results.Society Pass Incorporated (SOPA), a Software - Application company, rose about 20.44% at $54.20 in pre-market trading Thursday. The firm recently announced the pricing of its initial public offering of 2,888,889 shares of common stock.
The Next Tesla?Could THIS be the next TESLA?This private Silicon Valley startup is backed by early investors of Google, Paypal, Uber, and more.It's set to solve a worldwide problem that could help save millions of lives per year...And it could make you up to 10x your money in the coming months.
Top Upgrades & Downgrades
Morgan Stanley turned bullish on GoPro Inc. (GPRO), upgrading the stock to Equal-Weight and assigning a $11.00 price target, representing a potential upside of 13.75% from Wednesday's close.
Xometry Inc. (XMTR) has won the favor of RBC Capital's equity research team. The firm upgraded the shares from Sector Perform to Outperform and moved their price target to $53.00, suggesting 23.17% additional upside for the stock.
Kosmos Energy Ltd. (KOS) received an upgrade from analysts at Barclays. They changed their rating on KOS to Overweight from Equal Weight in a recently issued research note.
Earlier Thursday Bernstein reduced its rating on Beyond Meat Inc. (BYND) stock to Market Perform from Outperform and assigned the price target to $100.
Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Hyliion Holdings Corp. (HYLN) has been changed to Equal-Weight from Overweight and the new price target is set at $7.00.
Analysts at Stifel downgraded TPI Composites Inc. (TPIC)'s stock to Hold from Buy Thursday.
Gold Discovery: US$0.25 Gold Stock Set to Deliver GainsGold & copper are rising! And smart investors are loading up on a tiny mining firm trading undiscovered by Wall St below 25 cents a share. Led by an incredible team of mining professionals, this upstart firm is already hitting high-grade gold-copper with every turn of the drill. It's one of those rare opportunities where the next drill hole could send the company's shares upward by several-fold.
Latest Insider Activity
Tesla Inc. (TSLA) CEO Musk Elon announced the sale of shares taking place on Nov 10 at $1019.03 for some 58,101 shares. The total came to more than $59.21 million.
Meta Platforms Inc. (FB) COB and CEO Zuckerberg Mark sold on Nov 08 a total 77,300 shares at $341.10 on average. The insider’s sale generated proceeds of almost $26.37 million.
AT&T Inc. (T) Director LUCZO STEPHEN J declared the purchase of shares taking place on Nov 08 at $25.04 for some 100,000 shares. The transaction amount was around $2.5 million.
PG&E Corporation (PCG) Director Harris Arno Lockheart bought on Nov 05 a total of 8,475 shares at $11.81 on average. The purchase cost the insider an estimated $100,089.
All Electric Commitment From GM, Volkswagen, Could Put Lithium Stock In A SupercycleMore automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Important Earnings
Top US earnings releases scheduled for today include Phunware Inc. (NASDAQ:PHUN). It will announce its Sep 2021 financial results. The company is expected to report earnings of -$0.04 per share from revenues of $2.27M in the three-month period.
Analysts expect Luminar Technologies Inc. (NASDAQ:LAZR) 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 Sep 2021 is predicted to come in at $8.89M.
Pretium Resources Inc. (PVG), due to announce earnings after the market closes today, is expected to report earnings of $0.15 per share from revenues of $170.7M in the 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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