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- 14 Dec - NH - Morning Newsletter (with survey at top and bottom)
14 Dec - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks You Must Watch Before the Market Opens
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Good Morning!Futures markets were cautious Wednesday morning as investors anticipate the Federal Reserve's latest decision on interest rate hikes to combat inflation.There was a 22-point gain, or 0.06%, in Dow futures. A 0.1% increase was seen in the Nasdaq 100 futures, while the S&P 500 futures were roughly flat.Tuesday's regular trading saw stocks rise for a second day, boosted by a lower-than-expected inflation report. Dow Jones economists expected the November consumer price index to rise 7.3% on the year in November, but instead it was 7.1%. There was also a smaller increase from the previous month of 0.1%.Stocks benefited from last week's inflation signal since it suggests the Fed may be nearing an end to rate hikes or switching to rate cuts, which would be a positive for stocks.Wednesday is the last day for the central bank to meet and deliver its latest rate hike. The market generally expects a 50 basis point increase - or half a percentage point - which is smaller than four successive 75 basis point increases. A basis point is equal to one hundredth of one percent.The Fed's chair will also speak Wednesday, providing further insight into what we can expect from the Fed in 2023.
The Top 5 NASDAQ Stocks to Own for New Year 2023
Even in the worst of times, markets have rallied back. Just as they always have. So, if you're thinking of quitting the market, don't. There are plenty of bargains and hot investing ideas to jump on. In fact, here are five of our best ideas for 2023.
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Today Top Movers
Vallon Pharmaceuticals Inc. (VLON) stock soared 143.84% to $0.6135 in the pre-market trading after announcing merger agreement with GRI Bio.
BIMI International Medical Inc. (NASDAQ: BIMI) shares are trading up 18.36% at $2.45 at the time of writing. The company recently announced its entry into an Amendment to the Stock Purchase Agreement
Arcimoto Inc. (FUV) grew over 17.08% at $4.25 in pre-market trading today after declaring development of driverless EVs for tourism rentals with Faction and GoCar Tours.
Aspen Group Inc. (ASPU), a Education & Training Services company, rose about 23.67% at $0.431 in pre-market trading Wednesday after reporting revenue of $17.1 million for Q2 fiscal 2023.
25-cent Copper-Gold-Silver Opportunity You Don't Want to Miss
Investors are preparing for historic gains as this tiny, undiscovered US$0.25 per share mining company readies the drills in what may soon prove to be one of the largest and richest copper-gold discoveries on record. Already, some of the world's biggest mining firms have staked a strategic position in this 25-cent miner.
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Top Upgrades & Downgrades
Keybanc turned bullish on EastGroup Properties Inc. (EGP), upgrading the stock to Overweight and assigning a $170 price target, representing potential upside of 8.41% from Tuesday's close.
Physicians Realty Trust (DOC) has won the favor of Keybanc's equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $17, suggesting 13.22% additional upside for the stock.
ANSYS Inc. (ANSS) received an upgrade from analysts at Baird, who also set their one-year price target on the stock to $295. They changed their rating on ANSS to Outperform from Neutral in a recently issued research note.
Earlier Wednesday Goldman Sachs reduced its rating on QuantumScape Corporation (QS) stock to Sell from Neutral and assigned the price target to $5.
Baird analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Certara Inc. (CERT) has been changed to Neutral from Outperform and the new price target is set at $19.
Analysts at RBC Capital downgraded Healthpeak Properties Inc. (PEAK)'s stock to Sector Perform from Outperform Wednesday.
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
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Latest Insider Activity
IVERIC bio Inc. (ISEE) CFO Carroll David Francis announced the sale of shares taking place on Dec 13 at $21.73 for some 4,932 shares. The total came to more than $0.11 million.
Velodyne Lidar Inc. (VLDR) Chief Technology Officer Rekow Mathew sold on Dec 12 a total 14,903 shares at $1.02 on average. The insider’s sale generated proceeds of almost $15201.0.
SoFi Technologies Inc. (SOFI) Chief Executive Officer Noto Anthony declared the purchase of shares taking place on Dec 13 at $4.58 for some 318,965 shares. The transaction amount was around $1.46 million.
Wolverine World Wide Inc. (WWW) President and CEO HOFFMAN BRENDAN bought on Dec 09 a total 7,500 shares at $10.25 on average. The purchase cost the insider an estimated $76,875.
Forbes mag says this strategy "like finding money in the street"
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
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Important Earnings
Top US earnings releases scheduled for today include Weber Inc. (NYSE: WEBR). It will announce its Sep 2022 financial results. The company is expected to report earnings of -$0.35 per share from revenues of $209.06M in the three-month period.
Analysts expect Scorpio Tankers Inc. (NYSE: STNG) to report a net income (adjusted) of $3.93 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2022 is predicted to come in at $426.97M.
Trip.com Group Limited (TCOM), due to announce earnings after the market closes today, is expected to report earnings of $0.17 per share from revenues of $934.38M 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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