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- 12 Nov - NH - Morning Newsletter (with changes)
12 Nov - NH - Morning Newsletter (with changes)
4 Hot Stocks You Should Watch Today
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Good Morning!
The S&P 500 and Nasdaq Composite rose on Thursday, recovering from the previous drop.As a result of trading, the S & P rose by 2.56 points, or 0.1%, to 4649.27. The Nasdaq Composite rose 81.58 points, or 0.5%, to 15704.28 points. The Dow Jones Industrial Average fell 158.71 points, or 0.4%, to 3592123 points.Tech stocks rallied, pushing the S&P 500 and the Nasdaq Composite higher. Advanced Micro Devices rose 4.4%, Nvidia rose 3.2%, and Netflix rose 1.7%. Tesla shares fell 0.4%. Earlier, CEO Elon Musk signaled the possible sale of a large part of his stake in Tesla. Walt Disney shares fell 7.1%.The US bond market was closed to celebrate Veterans Day.
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Today Top Movers
Sundial Growers Inc. (SNDL) stock soared 21.54% to $0.875 in the pre-market trading after announcing positive Q3 results and share repurchase program.
XPeng Inc. (NYSE: XPEV) shares are trading up 4.62% at $49.78 at the time of writing following the announcement from the company that it will unveil its new smart EV model at the 19th Guangzhou International Automobile Exhibition on November 19, 2021.
Johnson & Johnson (JNJ) grew over 4.26% at $170.0 in pre-market trading today. The company announced its intent to separate its Consumer Health business, creating a new publicly traded company.
RLX Technology Inc. (RLX), a Tobacco company, rose about 17.59% at $5.28 in pre-market trading Friday. Investors appear to be pleased with the Chinese government's decision to hold a conference on e-cigarette national standards.
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Top Upgrades & Downgrades
Morgan Stanley turned bullish on Cognex Corporation (CGNX), upgrading the stock to Equal-Weight and assigning a $85.00 price target, representing potential upside of 5.89% from Thursday's close.
Radius Global Infrastructure Inc. (RADI) has won the favor of Raymond James's equity research team. The firm upgraded the shares from Outperform to Strong Buy and moved their price target to $21.00, suggesting 21.46% additional upside for the stock.
Penn National Gaming Inc. (PENN) received an upgrade from analysts at Deutsche Bank. They changed their rating on PENN to Hold from Sell in a recently issued research note.
Earlier Friday Morgan Stanley reduced its rating on Bright Health Group Inc. (BHG) stock to Equal-Weight from Overweight and assigned the price target to $5.00.
Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Hewlett Packard Enterprise Company (HPE) has been changed to Sell from Neutral and the new price target is set at $14.00.
Analysts at Stifel downgraded GrowGeneration Corp. (GRWG)'s stock to Hold from Buy Friday.
Gold Discovery: US$0.25 Gold Stock Set to Deliver Gains
Gold & 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
Ceridian HCM Holding Inc. (CDAY) Director HAGERTY THOMAS M announced the sale of shares taking place on Nov 09 at $122.13 for some 9,023 shares. The total came to more than $1.1 million.
ZIPRECRUITER INC. (ZIP) 10% Owner EDMONDS JOSEPH sold on Nov 09 a total 10,021,340 shares at $28.83 on average. The insider’s sale generated proceeds of almost $0.98 million.
CommScope Holding Company Inc. (COMM) Director Watts Claudius E. IV declared the purchase of shares taking place on Nov 10 at $9.55 for some 20,000 shares. The transaction amount was around $0.19 million.
Calithera Biosciences Inc. (CALA) PRESIDENT & CEO Molineaux Susan bought on Nov 10 a total 557,188 shares at $0.85 on average. The purchase cost the insider an estimated $84,670.
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Important Earnings
Top US earnings releases scheduled for today include AstraZeneca PLC (NASDAQ:AZN). It will announce its Sep 2021 financial results. The company is expected to report earnings of $0.62 per share from revenues of $9.87B in the three-month period.
Analysts expect RBC Bearings Incorporated (NASDAQ:ROLL) to report a net income (adjusted) of $1.03 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2021 is predicted to come in at $159.64M.
Warby Parker Inc. (WRBY), due to announce earnings before the market opens today, is expected to report earnings of -$0.36 per share from revenues of $133.02M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,News Heater Team
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