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- 13 May - NH - Morning Newsletter (with survey at top and bottom)
13 May - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks Closing the Week Strong
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Good Morning!
The US stock index Dow Jones Industrial Average closed lower on Thursday for the sixth session in a row. For the second day in a row, trading has been turbulent due to worries that the Federal Reserve, in an attempt to contain inflation, will simultaneously worsen economic growth.The DJIA fell 103.81 points, or 0.3%, to 31,730.30, the S&P 500 fell 5.1 points, or 0.1%, to 3,930.08, while the Nasdaq Composite added 6.73. points, or 0.1%, reaching 11370.96 points. All three indexes can end the week with a decrease of at least 3.5%.Stock markets came under pressure over concerns about the Fed's loose monetary policy curtailment to fight high inflation. On Wednesday, macro data showed that consumer prices rose slower in April than in March, but still faster than economists had expected.The yield on 10-year US government bonds on Thursday fell to 2.815%, falling for the fourth day in a row.
Free Report: Forever Stocks: The Top 5 Stocks That Should be in All Portfolios
For many investors, a long-term buy and hold strategy is a great choice.
Especially if you can find top notch companies, with a solid history of returns, or ones that could get red hot with supply demand issues.
Look at Apple, Microsoft, Amazon.com, or even Meta Platforms for proof.
In fact, we've found five you may want to consider holding forever.
Today Top Movers
Affirm Holdings Inc. (AFRM) stock soared 26.11% to $22.75 in the pre-market trading after announcing a multi-year extension of its partnership in the U.S. with Shopify.
Robinhood Markets Inc. (NASDAQ: HOOD) shares are trading up 20.44% at $10.31 at the time of writing after Sam Bankman-Fried, CEO of FTX Exchange bought 7.6% stake.
Duolingo Inc. (DUOL) grew over 17.5% at $78.7 in pre-market trading today. The company reported total revenues of $81.2 million in Q1 2022, an increase of 47% from the prior year quarter;
Payoneer Global Inc. (PAYO), a technology company, rose about 12.50% at $4.05 in pre-market trading Friday after releasing first quarter 2022 financial results
'22 Uranium Bull Market goes into Overdrive as Investors Load-up
Small-cap Uranium stocks are soaring in '22. 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 US$4 Uranium stock for 2022 riches.
Top Upgrades & Downgrades
Barclays turned bullish on Endeavor Group Holdings Inc. (EDR), upgrading the stock to Overweight and assigning a $27.00 price target, representing potential upside of 47.14% from Thursday's close.
First Solar Inc. (FSLR) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $90.00, suggesting 46.58% additional upside for the stock.
Duolingo Inc. (DUOL) received an upgrade from analysts at Raymond James, who also set their one-year price target on the stock to $98.00. They changed their rating on DUOL to Outperform from Market Perform in a recently issued research note.
Earlier Friday Jefferies reduced its rating on Carvana Co. (CVNA) stock to Hold from Buy and assigned the price target to $40.00.
Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Switch Inc. (SWCH) has been changed to Equal-Weight from Overweight and the new price target is set at $34.00.
Analysts at JP Morgan downgraded United Parcel Service Inc. (UPS)'s stock to Neutral from Overweight Friday.
Watch These 4 Penny Stocks...
Small cap stocks - and penny stocks in particular - tend to march to the beat of their own drummer. Low-priced, "penny," stocks like these offer a great way to make money regardless of the direction of the markets as a whole...
Latest Insider Activity
Meta Platforms Inc. (FB) Chief Legal Officer Newstead Jennifer announced the sale of shares taking place on May 10 at $199.60 for some 311 shares. The total came to more than $62076.0.
Twitter Inc. (TWTR) Chief Financial Officer SEGAL NED D. sold on May 10 a total 5,000 shares at $47.85 on average. The insider’s sale generated proceeds of almost $0.24 million.
Occidental Petroleum Corporation (OXY) 10% Owner BERKSHIRE HATHAWAY INC declared the purchase of shares taking place on May 12 at $57.34 for some 185,419 shares. The transaction amount was around $10.63 million.
Starbucks Corporation (SBUX) interim ceo SCHULTZ HOWARD D bought on May 10 a total 137,500 shares at $72.67 on average. The purchase cost the insider an estimated $9.99 million.
Don't Miss Your Chance to Get Rich in the 2022 Gold Bull Market
Gold is soaring. And smart investors are jumping into the small-cap gold sector where outsized returns are being fueled by a rising tide for precious metals in the face of rampant inflation and geopolitical turmoil. This small-cap gold explorer is trading undiscovered below US$0.25 per share. It's drilling now and already hitting high-grade gold plus silver.
Important Earnings
Top US earnings releases scheduled for today include Hippo Holdings Inc. (NYSE:HIPO). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.09 per share from revenues of $28.28M in the three-month period.
Analysts expect The Honest Company Inc. Common Stock (NASDAQ: HNST) to report a net income (adjusted) of -$0.15 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $68.8M.
Lightning eMotors Inc. (ZEV), due to announce earnings before the market opens today, is expected to report earnings of -$0.24 per share from revenues of $5.53M 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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