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12 Apr - NH - Morning Newsletter (with survey at top and bottom)
4 Trending Stocks to Trade Today
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Good Morning!
The Covid-19 lockdown in China has only exacerbated the uncertainty investors face during a period of rising interest rates.The military conflict in Ukraine and the plans of the US Federal Reserve to tighten monetary policy in order to fight inflation also contribute to the concerns of market participants.As a result on Monday, the S&P 500 fell 75.75 points, or 1.7%, to 4412.53 points. The Dow Jones Industrial Average fell 413.04 points, or 1.2%, to 34,308.08. The Nasdaq Composite fell 299.04 points, or 2.2%, to 13411.96.The Nasdaq Composite fell 3.9% last week as Federal Reserve officials signaled their intention to raise borrowing costs and cut the central bank's balance sheet to curb inflation.US government bonds continued to lose value. The yield on 10-year Treasury notes rose from 2.713% on Friday to 2.779%. Yields have been rising for four of the last five weeks.Corporate Highlights
Twitter shares rose 1.7% after the company's CEO said Elon Musk had decided not to sit on the board. Shares of Tesla, where Musk is CEO, fell 4.8%.
AT&T rose 7.7%. The company on Friday completed a planned spin-off of its film and television business into a separate public company. Shares of Warner Bros. Discovery gained 1.3%.
Oxford Mining Titan Swears This 800,000+ Acre Canadian Property Could Become One Of The Most Valuable On Earth
Why? Because it contains one of the world's largest helium pockets. That's important because the world's helium supply is running dangerously low. And prices have already skyrocketed 160% in the past few years...
Today Top Movers
Occidental Petroleum Corporation (OXY) stock soared 1.59% to $58.84 in the pre-market trading. Occidental is an international energy company with assets primarily in the United States, the Middle East, and North Africa.
Aeglea BioTherapeutics Inc. (NASDAQ: AGLE) shares are trading up 25.51% at $3.05 at the time of writing after declaring that it has submitted a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) for pegzilarginase for the treatment of Arginase 1 Deficiency (ARG1-D).
Purple Biotech Ltd. (PPBT) grew over 18.71% at $3.3 in pre-market trading today after releasing favorable safety and efficacy data supporting the advancement of CM24, a first-in-class clinical-stage monoclonal antibody with the potential to treat multiple solid tumor cancers.
Limelight Networks Inc. (LLNW), a Software - Infrastructure company, rose about 8.47% to $5.25 in pre-market trading Tuesday. The company will report financial results for the first quarter of 2022 on Thursday, April 28, 2022, at 7:30 a.m. EDT.
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Top Upgrades & Downgrades
Morgan Stanley turned bullish on Cardinal Health Inc. (CAH), upgrading the stock to Overweight and assigning a $74.00 price target, representing potential upside of 20.46% from Monday's close.
Ferrari N.V. (RACE) 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 $277.00, suggesting 25.3% additional upside for the stock.
CrowdStrike Holdings Inc. (CRWD) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $285.00. They changed their rating on CRWD to Buy from Neutral in a recently issued research note.
Earlier Tuesday Morgan Stanley reduced its rating on AmerisourceBergen Corporation (ABC) stock to Equal-Weight from Overweight and assigned the price target to $178.00.
Telsey Advisory Group analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Enjoy Technology Inc. (ENJY) has been changed to Market perform from Outperform and the new price target is set at $4.00.
Analysts at Citigroup downgraded Starbucks Corporation (SBUX)'s stock to Neutral from Buy Tuesday.
Don't Miss Your Chance to Get Rich in the 2022 Gold Bull Market
Gold is soaring. And smart investors are jumping into the small-cap gold sector where outsized returns are being fueled by a rising tide for precious metals in the face of rampant inflation and geopolitical turmoil. This small-cap gold explorer is trading undiscovered below US$0.25 per share. It's drilling now and already hitting high-grade gold plus silver.
Latest Insider Activity
Kinder Morgan Inc. (KMI) VP (Pres., Products Pipelines) Sanders Dax announced the sale of shares taking place on Apr 08 at $19.51 for some 91,129 shares. The total came to more than $1.78 million.
SentinelOne Inc. (S) 10% Owner Loeb Daniel S sold on Apr 11 a total 1,008,296 shares at $34.35 on average. The insider’s sale generated proceeds of almost $34.64 million.
Party City Holdco Inc. (PRTY) 10% Owner SOSIN CLIFFORD declared the purchase of shares taking place on Apr 07 at $3.31 for some 317,500 shares. The transaction amount was around $1.05 million.
Biodesix Inc. (BDSX) Chairman PATIENCE JOHN bought on Apr 07 a total 279,329 shares at $1.79 on average. The purchase cost the insider an estimated $499,999.
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.
Important Earnings
Top upcoming US earnings releasesCarMax Inc. (NYSE:KMX). It will announce its Feb 2022 financial results. The company is expected to report earnings of $1.25 per share from revenues of $7.5B in the three-month period.
Analysts expect BlackRock Inc. (NYSE: BLK) to report a net income (adjusted) of $8.95 per share when the company releases its quarterly results on Wednesday. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $4.74B.
Shaw Communications Inc. (SJR), due to announce earnings after the market closes tomorrow, is expected to report earnings of $0.32 per share from revenues of $1.1B 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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