- Stocks Telegraph
- Posts
- 13 Jul - morning newsletter
13 Jul - morning newsletter
4 Hot Stocks for Tuesday Trading
Good Morning!
The American stock markets did accelerate yesterday, as the S&P 500 rose 0.35% to a new all-time high at 4,384 points. The Nasdaq composite was up 0.21% to 14,733 points. There was little guiding news and the stock markets therefore remained close to home with low volumes. The Alphabet share rose by 1.16% and NVIDIA also did good business with a profit of 2.32%.Bank shares also moved higher in the run-up to earnings season. This afternoon before the opening, JPMorgan Chase and Goldman Sachs will announce Q2 results. Bank of America, Citigroup and Morgan Stanley will follow later this week. Analysts expect the banks to double their profits again this quarter, compared to the 2nd quarter of 2020. The previous quarter saw an average profit growth of 138% for the banking sector. S&P 500 companies are expected to show the strongest earnings growth across the board since the fourth quarter of 2009.
Beginner's Guide to Pot Stock InvestingGet burned by pot stocks in 2018? The market has matured and there are now serious opportunities for cannabis stocks to thrive in public markets.
Today Top Movers
Nokia Corporation (NOK) stock soared 8.75% to $5.84 in the pre-market trading. The company is expecting to revise upwards its 2021 financial guidance.
PLx Pharma Inc. (NASDAQ: PLXP) shares are trading up 25.1% at $15.55 at the time of writing after announcing that three stock-keeping units of VAZALORE will be available in over 4,500 Walmart stores across the United States in mid-August.
Orbsat Corp. (OSAT) grew over 17.99% at $7.87 in pre-market trading today following the announcement from the company that its Global Telesat Communications (GTC) unit has entered into an agreement with Alibaba.com.
Baidu Inc. (BIDU), a Internet Content & Information company, rose about 2.27% at $184.49 in pre-market trading Tuesday. Robin Li, the Co-founder, and CEO of Baidu recently said that AI will undoubtedly become the transformative force revolutionizing future human development over the next 40 years during his keynote speech at the annual World Artificial Intelligence Conference (WAIC).
How to Make Money With Options, Detailed Here...Simple Options Trading for Beginners retails on Amazon for $19.95 and has 4 out of 5 stars. It was written by a stock market trading veteran with over 44 years of experience. Because of a special promotion, this book is 100% FREE for you today.So get it here now...
Top Upgrades & Downgrades
BMO Capital turned bullish on Electronic Arts Inc. (EA), upgrading the stock to "Outperform" and assigning a $168.00 price target.
Southwestern Energy Company (SWN) has won the favor of Mizuho' equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $7.00, suggesting 30.84% additional upside for the stock.
Hanesbrands Inc. (HBI) received an upgrade from analysts at Wells Fargo, who also set their one-year price target on the stock to $23.00. They changed their rating on HBI to Overweight from Equal-Weight in a recently issued research note.
Earlier Tuesday B of A Securities reduced its rating on Edison International (EIX) stock to Neutral from Buy.
Citigroup analysts reduced their investment ratings, saying in research reports covered by the media that its rating for First Solar, Inc. (FSLR) has been changed to Neutral from Buy.
Hidden Income 'hack' This hidden income strategy was just leaked and it can be yours now. It goes in depth about how you can start off with a small account and turn that into your own weekly paycheck. Learn how you can GAIN that extra advantage over what others aren't doing.Click here to get this secret
Latest Insider Activity
Apollo Global Management Inc. (APO) Co-Founder HARRIS JOSHUA announced the sale of shares taking place on Jul 12 at $61.47 for some 189,875 shares. The total came to more than $11.67 million.
Cloudflare Inc. (NET) Director Ledbetter Carl sold on Jul 09 a total 2,269,549 shares at $106.65 on average. The insider’s sale generated proceeds of almost $5.33 million.
Vista Gold Corp. (VGZ) CFO Tobler Douglas L. declared the purchase of shares taking place on Jul 12 at $1.10 for some 10,000 shares. The transaction amount was around $10999.0.
TPG Pace Beneficial Finance Corp. (TPGY) 10% Owner LIGHT STREET CAPITAL MANAGEMEN bought on Jul 09 a total 3,539,407 shares at $13.29 on average. The purchase cost the insider an estimated $317,430.
Gold Discovery: Tiny Sub-$0.25 Stock Set to Deliver GainsGold's dramatic bull run from $1,500 to $1,950 an ounce is only just getting started - which means you haven't missed the boat. Here's an ultra-low-priced gold stock you can buy now below US$0.15 per share that's hitting high-grade gold intercepts in its current drill program in one of Canada's richest mineral belts.Now's the time to buy before additional drill holes are released.
Important Earnings
Top US earnings releases scheduled for today include Conagra Brands Inc. (NYSE:CAG). It will announce its May 2021 financial results. The company is expected to report earnings of $0.52 per share from revenues of $2.71B in the three-month period.
Analysts expect Fastenal Company (NASDAQ:FAST) to report a net income (adjusted) of $0.41 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2021 is predicted to come in at $1.51B.
America Movil S.A.B. de C.V. (AMX), due to announce earnings after the market closes today, is expected to report earnings of $0.35 per share from revenues of $12.24B recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.