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12 Aug - NH - Morning Newsletter (with survey at top and bottom)
Top 4 Stocks to Trade Before the Weekend
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Good Morning!
With inflation expected to peak, stock futures rose on Friday. This is the fourth positive week in a row for the S&P 500.It was 0.4% higher in Dow Jones futures, 0.4% higher in S&P 500 futures, and 0.5% higher in Nasdaq 100 futures.After a lighter-than-expected consumer price report earlier in the week, the S&P 500 gained 1.5% on the week. S&P 500 will enter the week with its longest weekly winning streak since November 2021. Wholesale prices reported later in the week provided further evidence that inflation is decreasing, which could lead the Federal Reserve to ease off its aggressive tightening program.It's been a good week for stocks. Dow Jones is up 1.6%, while Nasdaq is up 1%. Additionally, it is the fourth consecutive week of positive performance for the Nasdaq.
Forbes mag says this strategy "like finding money in the street"
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
Today Top Movers
Payoneer Global Inc. (PAYO) stock soared 20.6% to $6.85 in the pre-market trading after releasing second quarter 2022 financial results.
Toast Inc. (NYSE: TOST) shares are trading up 16.75% at $21.19 at the time of writing following the declaration of Q2 2022 financial results.
Larimar Therapeutics Inc. (LRMR) grew over 34.34% at $2.66 in pre-market trading today after announcing that it has received meeting minutes from the FDA following a recent Type C Meeting with the Agency and also reported its operating and financial results for second quarter 2022.
ADDvantage Technologies Group Inc. (AEY), a Electronics & Computer Distribution company, rose about 25.53% at $1.77 in pre-market trading Friday. The company reported a 63% revenue increase to a record of $27.8 million, a net Income of $875,000 for the third quarter of fiscal 2022.
Top 5 Stocks with Strong Insider Buying
One of the best ways to spot potential opportunity is by tracking insiders.
After all, who knows the company better than an insider - the CEO, CFO, COO, officers, employees, and directors? If they're buying a sizable number of shares, it's often a good idea to start looking into why and perhaps follow them into the stock. Here are five stocks seeing a good share of insider buying in recent weeks.
Top Upgrades & Downgrades
BofA turned bullish on Alliant Energy Corporation (LNT), upgrading the stock to "Buy" and assigning a $70.00 price target, representing potential upside of 13.56% from Thursday's close.
Ciena Corporation (CIEN) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Equal Weight to Overweight and moved their price target to $65.00, suggesting 22.90% additional upside for the stock.
Sanofi (SNY) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $92.63. They changed their rating on SNY to Hold from Sell in a recently issued research note.
Earlier Friday Cowen & Co. reduced its rating on The RealReal Inc. (REAL) stock to Market Perform from Outperform and assigned the price target to $3.00.
Cowen & Co. analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Sally Beauty Holdings Inc. (SBH) has been changed to Market Perform from Outperform and the new price target is set at $17.00.
Analysts at Goldman Sachs downgraded Six Flags Entertainment Corporation (SIX)'s stock to Neutral from Buy Friday.
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Latest Insider Activity
CareDx Inc (CDNA) Director Maag Peter announced the sale of shares taking place on Aug 11 at $24.66 for some 20,000 shares. The total came to more than $0.49 million.
Verona Pharma plc (VRNA) President and CEO ZACCARDELLI DAVID sold on Aug 09 a total 600,000 shares at $1.75 on average. The insider’s sale generated proceeds of almost $1.05 million.
CommScope Holding Company Inc. (COMM) Director Watts Claudius E. IV declared the purchase of shares taking place on Aug 11 at $10.07 for some 5,000 shares. The transaction amount was around $50344.0.
Offerpad Solutions Inc. (OPAD) Director Sella Roberto Marco bought on Aug 11 a total 140,359 shares at $1.68 on average. The purchase cost the insider an estimated $235,887.
Leaked tax return reveals secret to pocketing $460,164...
Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits.
Important Earnings
Top US earnings releases scheduled for today include CASI Pharmaceuticals Inc. (NASDAQ: CASI). It will announce its Jun 2022 financial results. The company is expected to report earnings of -$0.64 per share from revenues of $7.87M in the three-month period.
Analysts expect The Honest Company Inc. (NASDAQ: HNST) to report a net income (adjusted) of -$0.08 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $76.27M.
Humacyte Inc. (HUMA), due to announce earnings before the market opens today, is expected to report earnings of -$0.22 per share from revenues of $200k 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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