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- 13 Sep - ST - Morning Newsletter (with survey at top and bottom)
13 Sep - ST - Morning Newsletter (with survey at top and bottom)
4 Stocks to Watch in Today's Session
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Good Morning!Futures for major US stock indices are growing on Tuesday, investors are waiting for statistical data on consumer prices in the US, follows from the trading data.Futures for the Dow Jones Industrial Index (DJIA) are growing by 0.38%, to 32,622 points, futures for the NASDAQ high-tech index - by 0.36%, to 12,869.5 points, the S&P broad market index 500 — by 0.39%, up to 4,146 points.Investors are waiting for statistical data on consumer prices in the US. Analysts believe that annual inflation in the country slowed down to 8.1% in August from 8.5% a month earlier.
Top 5 Stocks with Strong Insider Buying
One of the best ways to spot potential opportunity is by tracking insiders.
After all, who knows the company better than an insider - the CEO, CFO, COO, officers, employees, and directors? If they're buying a sizable number of shares, it's often a good idea to start looking into why and perhaps follow them into the stock. Here are five stocks seeing a good share of insider buying in recent weeks.
Today Top Movers
Akero Therapeutics Inc. (AKRO) stock soared 58.6% to $19.46 in the pre-market trading after releasing topline data from HARMONY, a 24-week Phase 2b study evaluating the efficacy and safety of its lead product candidate efruxifermin (EFX) in patients with pre-cirrhotic nonalcoholic steatohepatitis (NASH), fibrosis stage 2 or 3 (F2-F3).
Planet Labs PBC (NYSE: PL) shares are trading up 11.44% at $6.04 at the time of writing following the release of its financial results for Q2 of fiscal year 2023.
SeaChange International Inc. (SEAC) grew over 10.42% at $0.53 in pre-market trading today after reporting financial and operational results for the fiscal second quarter ended July 31, 2022.
Catalyst Pharmaceuticals Inc. (CPRX), a Biotechnology company, rose about 7.13% at $16.23 in pre-market trading Tuesday. The company will replace Mantech International Corp. (MANT) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, September 15.
A Tiny Silver Stock With 16X Potential
It's not often you come across a true, early-stage stock opportunity with 16X upside! Yet that's precisely the type of near-term potential this under-the-radar silver exploration company offers. The company – which you can own right now below $1 per share – is currently sitting on over $1 billion in high-grade silver in one of the richest silver mining districts on the planet. This could take your 16X upside to 32X upside in a matter of months!
Top Upgrades & Downgrades
Societe Generale turned bullish on Aegon N.V. (AEG), upgrading the stock to "Buy" and assigning a $5.33 price target, representing potential upside of 12.21% from Monday's close.
Earlier Tuesday BMO Capital reduced its rating on Adobe Inc. (ADBE) stock to Market Perform from Outperform and assigned the price target to $435.00.
Truist Securities analysts reduced their investment ratings, saying in research reports covered by the media that its rating for AnaptysBio Inc. (ANAB) has been changed to Hold from Buy and the new price target is set at $28.00.
Analysts at Piper Sandler downgraded Health Catalyst Inc. (HCAT)'s stock to Neutral from Overweight Tuesday.
The A.I. That Every Trader Should Use
There's nothing wrong with the diligent analysis you're doing. That's a huge reason why you've been successful so far, but that's not enough.
Unfortunately, you'll never fully take control of your financial future if you're only using information from the past – lagging indicators and historical data. To bring your trading success to new heights, you will need a tool that uses past data to predict future stock movements.
Latest Insider Activity
Alphabet Inc. (GOOGL) Director HENNESSY JOHN L announced the sale of shares taking place on Sep 09 at $110.00 for some 1,500 shares. The total came to more than $0.17 million.
PG&E Corporation (PCG) Chief Executive Officer Poppe Patricia K sold on Sep 08 a total 83,330 shares at $13.00 on average. The insider’s sale generated proceeds of almost $1.08 million.
Energy Transfer LP (ET) Executive Chairman WARREN KELCY L declared the purchase of shares taking place on Sep 12 at $12.04 for some 2,428,747 shares. The transaction amount was around $29.24 million.
Globalstar Inc. (GSAT) General Counsel Ponder L Barbee IV bought on Sep 09 a total 15,500 shares at $1.78 on average. The purchase cost the insider an estimated $27,530.
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.
Important Earnings
Top US earnings releases scheduled for today include Core & Main Inc. (NYSE: CNM). It will announce its Jul 2022 financial results. The company is expected to report earnings of $0.47 per share from revenues of $1.63B in the three-month period.
Analysts expect Vintage Wine Estates Inc. (NASDAQ: VWE) to report a net income (adjusted) of $0.14 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $74.24M.
Aspen Group Inc. (ASPU), due to announce earnings after the market closes today, is expected to report earnings of -$0.11 per share from revenues of $18.58M 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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