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- 13 Oct - ST - Morning Newsletter (with survey at top and bottom)
13 Oct - ST - Morning Newsletter (with survey at top and bottom)
4 "Power Pick" Stocks for Today's Session
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Good Morning!As investors are looking forward to inflation data and earnings that could provide an insight into the economy's future health, US stock futures rose on Thursday morning.In the very early hours of Monday morning, the Dow Jones Industrial Average futures were up 147 points, or 0.5%. The S&P 500 futures were up 0.5% and the Nasdaq 100 futures rose 0.3%.In the United States, the latest consumer price index data will be released at 8:30 a.m. ET. Dow Jones' consensus estimate for September shows the CPI surged to 0.3% from 0.1% in August. As a result, inflation would slow to 8.1% from 8.3%. On Thursday morning, we will also get the weekly jobless claims report.CPI report on Thursday will arrive after the government announced that the producer price index increased more than anticipated.Aside from that, investors reviewed minutes of the September meeting of the Federal Reserve. Minutes showed the central bank planned to keep hiking rates until inflation receded. Some have speculated that if financial markets continue to tumble, the Fed may instead slow rate hikes, if not roll them back.This week marks the start of a new corporate earnings season as Delta Air Lines, Walgreens, and Domino's Pizza report earnings before the bell.
Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush."
Experts predict that the global lithium market will balloon by 500%. That's wonderful news for investors, because a "sure-thing" like this appears once in a lifetime. And this small-cap company just snagged what could be one of the world's largest lithium deposits.
Today Top Movers
Laser Photonics Corporation (LASE) stock soared 10.58% to $3.24 in the pre-market trading after announcing that the Coca-Cola Company recently completed the implementation of its first CleanTech Handheld Laser Blasting system in its manufacturing facilities.
WISeKey International Holding AG (NASDAQ: WKEY) shares are trading up 10.67% at $1.66 at the time of writing. The company recently announced a partnership with the Swiss Armed Forces in the Space domain.
Duck Creek Technologies Inc. (DCT) grew over 8.9% at $11.75 in pre-market trading today following the declaration of its fourth quarter and full fiscal year 2022 financial Results.
Digital World Acquisition Corp. (DWAC), a Shell Companies company, rose about 11.22% at $17.75 in pre-market trading Thursday following the announcement from the Trump Media & Technology Group that its Truth Social Android App is now available in the Google Play Store. DWAC is the SPAC merger partner of Truth Social owner Trump Media & Technology.
Apple's Next "Star Product" Could Replace The iPhone?
Few people know that Apple's next "star product" could be its most profitable yet! It could dominate a fast-growing new industry that Morgan Stanley projects will be worth a stunning $10 trillion. This new "profit machine" could hand early investors a $190,717 payday. Don't buy Apple stock (unless you enjoy leaving profits on the table). So how can you lock in your shot to 20X your money?
Top Upgrades & Downgrades
Stifel turned bullish on Biogen Inc. (BIIB), upgrading the stock to "Buy" and assigning a $299 price target, representing potential upside of 17.87% from Wednesday's close.
BeiGene Ltd. (BGNE) has won the favor of SVB Leerink's equity research team. The firm upgraded the shares from Market Perform to Outperform and moved their price target to $200, suggesting 32.19% additional upside for the stock.
Colgate-Palmolive Company (CL) received an upgrade from analysts at JPMorgan, who also set their one-year price target on the stock to $79. They changed their rating on CL to Overweight from Neutral in a recently issued research note.
Earlier Thursday Stifel reduced its rating on Evofem Biosciences, Inc. (EVFM) stock to Hold from Buy and assigned the price target to $0.5.
Citi analysts reduced their investment ratings, saying in research reports covered by the media that its rating for American Express Company (AXP) has been changed to Sell from Neutral and the new price target is set at $130.
Analysts at Berenberg downgraded Albemarle Corporation (ALB)'s stock to Hold from Buy Thursday.
Free Report: Top Stocks to Consider Heading Into the 2022 Midterms
With midterm elections around the corner, the only certainty is uncertainty.
And while we can't say which party is the likely winner, we can point you in the direction of several stocks that could blast higher once the smoke clears.
Latest Insider Activity
KnowBe4 Inc. (KNBE) Director KLAUSMEYER KEVIN announced the sale of shares taking place on Oct 06 at $23.00 for some 7,260 shares. The total came to more than $0.17 million.
QuantumScape Corporation (QS) Chief Development Officer Singh Mohit sold on Oct 10 a total 8,500 shares at $8.22 on average. The insider’s sale generated proceeds of almost $69833.0.
Enviva Inc. (EVA) Director UBBEN JEFFREY W declared the purchase of shares taking place on Oct 12 at $50.69 for some 200,000 shares. The transaction amount was around $10.14 million.
Earthstone Energy Inc. (ESTE) Exhibit 99.1 Cypress Investments, LLC bought on Oct 06 a total 1,000,000 shares at $14.75 on average. The purchase cost the insider an estimated $14.75 million.
Under $5 a Share
These six companies are all in an excellent position to deliver potential breakthroughs in the months ahead. And right now they're under $5 a share.
Important Earnings
Top US earnings releases scheduled for today include Delta Air Lines Inc. (NYSE: DAL). It will announce its Sep 2022 financial results. The company is expected to report earnings of $1.53 per share from revenues of $12.87B in the three-month period.
Analysts expect Infosys Limited (NYSE: INFY) to report a net income (adjusted) of $0.18 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $4.54B.
Walgreens Boots Alliance Inc. (WBA), due to announce earnings before the market opens today, is expected to report earnings of $0.77 per share from revenues of $32.09B 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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