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- 12 Oct - NH - Morning Newsletter (with survey at top and bottom)
12 Oct - NH - Morning Newsletter (with survey at top and bottom)
Today's Top-4 Break Out Stocks
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Good Morning!Wednesday morning stock futures rose as investors awaited the latest inflation data and the minutes of the Federal Reserve meeting.There was an increase of 138 points, or 0.47%, in Dow Jones Industrial Average futures. Nasdaq 100 futures rose 0.77% and S&P 500 futures rose 0.59%.The moves followed a decline in the S&P 500 and the Nasdaq Composite for their fifth consecutive day. After rallying earlier in the session, the Dow ended up about 36 points higher, but has since given up most of its gains.Announcing that it will be ending its market intervention soon and pension funds have just three days to rebalance their portfolios, stocks dropped off their highs and bond yields ticked up.Investors are keenly awaiting the Bureau of Labor Statistics' September producer price index, which measures final-demand wholesale prices. Dow Jones economists are forecasting a 0.2% increase in headline PPI, after a 0.1% drop the previous month.Later on today, the Federal Reserve will also release the minutes of its September meeting. Meanwhile the Federal Reserve will continue to fight inflation despite Jerome Powell acknowledging that aggressive interest rate increases may be unpleasant.
6 Stocks Under 5 Bucks
Getting stocks under $5 a share is pretty sweet... But how do you know which stocks will be the big movers? These six low-priced stocks could deliver for investors in a big way.
Today Top Movers
El Pollo Loco Holdings Inc. (LOCO) stock soared 12.42% to $10.23 in the pre-market trading. The company’s BOD declared special dividend of $1.50 per share and approved 20 million share repurchase program.
Cango Inc. (NYSE: CANG) shares are trading up 18.58% at $2.68 at the time of writing after declaring special cash dividend
FlexShopper Inc. (FPAY) grew over 11.11% at $1.8 in pre-market trading today after announcing an exclusive long-term marketing relationship with Liberty Tax corporate and franchisee locations.
Gatos Silver Inc. (GATO), a Other Precious Metals & Mining company, rose about 13.57% at $2.93 in pre-market trading Wednesday following the announcement of record production results from its 70%-owned Cerro Los Gatos mine for the quarter and nine months ended September 30, 2022.
Investors See Opportunity in Huge Global Demand for Lithium
The global lithium market is projected to surge 500% due to a growing need for lithium-filled batteries. And one junior mining company in a renowned location in South America is in the right place at the right time to capitalize on this megatrend.
Top Upgrades & Downgrades
Morgan Stanley turned bullish on Fortive Corporation (FTV), upgrading the stock to Overweight and assigning a $73 price target, representing potential upside of 23.54% from Tuesday's close.
NOV Inc. (NOV) has won the favor of Citigroup's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $25, suggesting 39.9% additional upside for the stock.
Dutch Bros Inc. (BROS) received an upgrade from analysts at JP Morgan. They changed their rating on BROS to Overweight from Neutral in a recently issued research note.
Earlier Wednesday Morgan Stanley reduced its rating on Stanley Black & Decker Inc. (SWK) stock to Equal-Weight from Overweight and assigned the price target to $82.
Citigroup analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Pioneer Natural Resources Company (PXD) has been changed to Neutral from Buy and the new price target is set at $240.
Analysts at BTIG downgraded Skillz Inc. (SKLZ)'s stock to Sell from Neutral Wednesday.
Do You Own These 7 Inflation-Survival Stocks?
Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.
Latest Insider Activity
Amazon.com Inc. (AMZN) 10% Owner AMAZON COM INC announced the sale of shares taking place on Oct 07 at $23.61 for some 250,000 shares. The total came to more than $5.9 million.
DoorDash Inc. (DASH) Director Brown Shona L sold on Oct 06 a total 1,250 shares at $53.27 on average. The insider’s sale generated proceeds of almost $66588.0.
Neogen Corporation (NEOG) VP & CFO Quinlan Steven J. declared the purchase of shares taking place on Oct 11 at $11.63 for some 5,000 shares. The transaction amount was around $58150.0.
Franklin Resources Inc. (BEN) Affiliate of Investment Adv. FRANKLIN RESOURCES INC bought on Oct 10 a total 36,136 shares at $4.29 on average. The purchase cost the insider an estimated $155,005.
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.
Important Earnings
Top US earnings releases scheduled for today include Wipro Limited (NYSE: WIT). It will announce its Sep 2022 financial results. The company is expected to report earnings of $0.07 per share from revenues of $2.86B in the three-month period.
Analysts expect PepsiCo Inc. (NASDAQ: PEP) to report a net income (adjusted) of $1.84 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $20.84B.
Duck Creek Technologies Inc. (DCT), due to announce earnings after the market closes today, is expected to report earnings of $0.02 per share from revenues of $73.36M 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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