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- 12 May - ST - Morning Newsletter (with survey at top and bottom)
12 May - ST - Morning Newsletter (with survey at top and bottom)
4 Value Stocks Taking Off This Morning
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Good Morning!
The trading session on May 11, the main US stock indexes ended in the red zone. The S&P 500 fell 1.65% to 3935, the Nasdaq shed 3.18% and the Dow Jones corrected 1.02%. The energy sector (+1.34%) and utility providers (+0.72%) outperformed the market. Among the outsiders were manufacturers of discretionary goods (-3.58%) and the IT sector (-3.16%).Company news
Quarterly results of Electronic Arts Inc. (EA: +7.97%) came in slightly below consensus, but management provided positive guidance for the current fiscal year. The company announced the end of a long-term partnership with FIFA and the rebranding of its own football simulator.
Walt Disney (DIS: -2.29%) fell short of revenue and earnings expectations, although both of the issuer's key businesses (media services and theme parks) posted strong operating profit growth and new Disney+ streaming subscribers beat analysts' forecasts.
Toyota Motor (TM: -5.64%) posted a better-than-expected first-quarter report. However, despite strong annual sales, management expects a 20% decline in operating profit this year due to higher logistics and raw material costs.
$2 Small-Cap Uranium Stock Set for Big Gains in 2022 Bull Run
Small-cap Uranium stocks are soaring. Most have already doubled as Uranium cranks higher. But that's nothing compared to the gains ahead in the new Uranium bull market. The last time we saw something like this, well-positioned investors made 10X, 100X and up to 1,000X their money. We've uncovered the top $2 Uranium stock for 2021-22 riches.
Today Top Movers
Coupang Inc. (CPNG) stock soared 16.55% to $11.27 in the pre-market trading after reporting a Q1 gross profit increase of 42% yoy and a record revenue of $5.1B.
Lordstown Motors Corp. (NASDAQ: RIDE) shares are trading up 16.56% at $1.76 at the time of writing following an announcement from the company that it has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group.
Salarius Pharmaceuticals Inc. (SLRX) grew over 54.06% at $0.2465 in pre-market trading today. The company declared the successful completion of its pre-IND meeting process with the U.S. Food and Drug Administration for SP-3164. SP-3164 is a next-generation targeted protein degrader that induces selective elimination of cancer-causing proteins.
STMicroelectronics N.V. (STM), a Semiconductors company, rose about 4.19% at $36.53 in pre-market trading Thursday. STM has revealed details of its collaboration with Microsoft, an ST Authorized partner, to strengthen the security of emerging Internet-of-Things (IoT) applications.
Four Trades to Watch
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Top Upgrades & Downgrades
Wells Fargo turned bullish on Albemarle Corporation (ALB), upgrading the stock to Overweight and assigning a $285.00 price target, representing potential upside of 33.78% from Wednesday's close.
ON Semiconductor Corporation (ON) has won the favor of Wells Fargo's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $65.00, suggesting 25.56% additional upside for the stock.
Grocery Outlet Holding Corp. (GO) received an upgrade from analysts at R5 Capital. They changed their rating on GO to Hold from Sell in a recently issued research note.
Earlier Thursday Wells Fargo reduced its rating on Air Products and Chemicals Inc. (APD) stock to Equal-Weight from Overweight and assigned the price target to $255.00.
Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Ford Motor Company (F) has been changed to Underweight from Overweight and the new price target is set at $12.00.
Analysts at Wells Fargo downgraded General Motors Company (GM)'s stock to Underweight from Overweight Tuesday.
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.
Latest Insider Activity
Robinhood Markets Inc. (HOOD) Chief Financial Officer Warnick Jason announced the sale of shares taking place on May 09 at $9.70 for some 20,000 shares. The total came to more than $0.19 million.
Amcor plc (AMCR) PRESIDENT, AMCOR FLEX EUROPE Zacka Michael J sold on May 09 a total 846,507 shares at $12.66 on average. The insider’s sale generated proceeds of almost $10.71 million.
Rocket Companies Inc. (RKT) Chief Executive Officer Farner Jay declared the purchase of shares taking place on May 11 at $7.52 for some 26,600 shares. The transaction amount was around $0.2 million.
OPKO Health Inc. (OPK) CEO & Chairman FROST PHILLIP MD ET AL bought on May 10 a total 400,000 shares at $2.78 on average. The purchase cost the insider an estimated $1.11 million.
5 Megatrend Stocks for 2022
These 5 stocks offer the potential to deliver significant returns in the months ahead thanks to key megatrends... They are well-positioned to deliver a high upside to investors over the next 12 to 18 months. Don't miss out on your chance to get in early.
Important Earnings
Top US earnings releases scheduled for today include Veru Inc. (NASDAQ:VERU). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.15 per share from revenues of $12.32M in the three-month period.
Analysts expect ironSource Ltd. (NYSE:IS) to report a net income (adjusted) of $0.03 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $183.58M.
Crescent Point Energy Corp. (CPG), due to announce earnings before the market opens today, is expected to report earnings of $0.25 per share from revenues of $687.33M 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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