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- 11 Oct - ST - Morning Newsletter (with survey at top and bottom)
11 Oct - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks for Tuesday Trading...
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Good Morning!Futures on U.S. stocks fell Tuesday after Nasdaq Composite closed at its lowest level in two years.There was a 227-point drop in Dow Jones Industrial Average futures, or 0.8%. Nasdaq 100 and S&P 500 futures dropped 0.9%.A drop in semiconductor stocks caused the Nasdaq Composite to fall 1% Monday. In contrast, the S&P 500 dropped about 0.8%, while the Dow lost nearly 94 points, or 0.3%.In his remarks, JPMorgan CEO Jamie Dimon warned that the country may enter a recession within the next six to nine months. The S&P 500 could also fall another 20% depending on whether the Federal Reserve engineers a soft or hard landing.These remarks come ahead of a key week in banks' third quarter earnings, as well as Wednesday's producer price report, Thursday's consumer price index and Friday's retail sales data.
Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush."
Experts predict that the global lithium market will balloon by 500%. That's wonderful news for investors, because a "sure-thing" like this appears once in a lifetime. And this small-cap company just snagged what could be one of the world's largest lithium deposits.
Today Top Movers
SeaSpine Holdings Corporation (SPNE) stock soared 12.39% to $6.26 in the pre-market trading after announcing 44% to 45% preliminary revenue Growth for Q3 2022 and raised full year 2022 revenue guidance.
Vox Royalty Corp. Common Stock (VOXR) stock surged 35.19% to $3.65 in the pre-market trading. The company recently commenced trading on the Nasdaq.
Chardan NexTech Acquisition 2 Corp. (DFLI) grew over 13.91% at $14.99 in pre-market trading today after announcing that it completed its business combination with Chardan NexTech Acquisition 2 Corp on October 7, 2022.
Velodyne Lidar Inc. (NASDAQ: VLDR) shares are trading up 2.12% at $0.91 at the time of writing following the signing multi-year agreement with Yamaha Moto.
Free Report: Top Stocks to Consider Heading Into the 2022 Midterms
With midterm elections around the corner, the only certainty is uncertainty.
And while we can't say which party is the likely winner, we can point you in the direction of several stocks that could blast higher once the smoke clears.
Top Upgrades & Downgrades
Wells Fargo turned bullish on Marvell Technology Inc. (MRVL), upgrading the stock to Overweight and assigning a $58 price target, representing potential upside of 43.92% from Monday's close.
scPharmaceuticals Inc. (SCPH) has won the favor of SVB Leerink's equity research team. The firm upgraded the shares from Market Perform to Outperform and moved their price target to $11, suggesting 173.63% additional upside for the stock.
Seagen Inc. (SGEN) received an upgrade from analysts at BMO Capital, who also set their one-year price target on the stock to $178. They changed their rating on SGEN to Outperform from Market Perform in a recently issued research note.
Earlier Tuesday Morgan Stanley reduced its rating on Zoom Video Communications Inc. (ZM) stock to Equal-Weight from Overweight and assigned the price target to $90.
Atlantic Equities analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Meta Platforms Inc. (META) has been changed to Neutral from Overweight and the new price target is set at $160.
Analysts at Wells Fargo downgraded Skyworks Solutions Inc. (SWKS)'s stock to Equal-Weight from Overweight Tuesday.
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.
Latest Insider Activity
Edwards Lifesciences Corporation (EW) CVP,Strategy/Corp Development BOBO DONALD E JR announced the sale of shares taking place on Oct 10 at $85.00 for some 6,725 shares. The total came to more than $0.57 million.
Cloudflare Inc. (NET) CEO & Chair of the Board Prince Matthew sold on Oct 07 a total 52,384 shares at $56.28 on average. The insider’s sale generated proceeds of almost $2.95 million.
Coinbase Global Inc. (COIN) Director Lutke Tobias declared the purchase of shares taking place on Oct 04 at $69.09 for some 5,610 shares. The transaction amount was around $0.39 million.
Redfin Corporation (RDFN) Director Slavet James bought on Oct 03 a total 6,667 shares at $5.81 on average. The purchase cost the insider an estimated $38,722.
Like Learning Your ABCs...
Start with the basics... These 3 chart patterns can help you identify high-probability trades and should be included as part of your game plan for investing success
Important Earnings
Top US earnings releases scheduled for today include AZZ Inc. (NYSE: AZZ). It will announce its Aug 2022 financial results. The company is expected to report earnings of $1.35 per share from revenues of $470.94M in the three-month period.
Analysts expect VOXX International Corporation (NASDAQ:VOXX) to report a net income (adjusted) of -$0.06 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Aug 2022 is predicted to come in at $137.93M.
Applied Blockchain Inc. (APLD), due to announce earnings after the market closes today, is expected to report earnings of -$0.1 per share from revenues of $6.64M 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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