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- 14 July - NH - Morning Newsletter (with survey at top and bottom)
14 July - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks You Should Watch Today
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Good Morning!
U.S. futures continued to trend lower on Thursday morning, while the safe-heaven dollar strengthened versus its global peers and oil prices dropped, spurred by June's red-hot inflation reading, which has re-set expectations for Fed rate hikes. US stock markets ended Wednesday with a moderate decline. The S&P 500 dropped 0.45% to 3802, the Nasdaq shed 0.15% and the Dow Jones 0.67%. Consumer inflation in the US in June accelerated to 9.1%, while the consensus of analysts expected 8.8%. The main reasons for the new record were an 11% increase in gasoline prices and an 8% increase in gas prices. The core consumer price index rose by 5.9%, also exceeding general market expectations by 0.2%. The main growth driver of the indicator was the continuing rise in the cost of rental housing. Economists believe that inflation has peaked and will slow down in the coming months as commodity prices normalize on expectations of a cooling global economy. The observed rise in prices contributes to the speculation of market participants regarding further activation of the Fed rate hike.
New report says this biotech could run over 337% (See Ticker)
We are keeping a close eye on this tiny biotech stock.
This little-known company already has 14 patents - and they are pioneering
a new type of therapeutic treatment for Cancer patients
Maybe that's why one of Wall Street's leading analysts recently predicted this stock could run 300% within the next 12-months.
Today Top Movers
Theravance Biopharma Inc. (TBPH) stock soared 18.19% to $10.2 in the pre-market trading
TransGlobe Energy Corporation (NASDAQ: TGA) shares are trading up 10.69% at $3.52 at the time of writing following an announcement from Royalty Pharma that it has agreed to acquire a royalty interest in TRELEGY ELLIPTA from Theravance Biopharma (TBPH) and Innoviva, Inc. (INVA) for $1.31 billion in cash.
CytomX Therapeutics Inc. (CTMX) grew over 5.38% at $1.37 in pre-market trading today. The company recently provided strategic update.
Taiwan Semiconductor Manufacturing Company Limited (TSM), a Semiconductors company, rose about 1.49% to $82.5 in pre-market trading Thursday after beating analyst estimates for the second quarter and gave a better-than-expected forecast
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Top Upgrades & Downgrades
BMO Capital turned bullish on Empire State Realty Trust Inc. (ESRT), upgrading the stock to Market Perfom and assigning a $8 price target, representing potential upside of 13.15% from Wednesday's close.
Advanced Micro Devices Inc. (AMD) has won the favor of BMO Capital's equity research team. The firm upgraded the shares from Market Perform to Outperform and moved their price target to $115, suggesting 48.35% additional upside for the stock.
Juniper Networks Inc. (JNPR) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $36. They changed their rating on JNPR to Overweight from Neutral in a recently issued research note.
Earlier Thursday Citigroup reduced its rating on Dollar General Corporation (DG) stock to Neutral from Buy and assigned the price target to $258.
Credit Suisse analysts reduced their investment ratings, saying in research reports covered by the media that its rating for F5 Inc. (FFIV) has been changed to Neutral from Outperform and the new price target is set at $167.
Analysts at JP Morgan downgraded Cisco Systems Inc. (CSCO)'s stock to Neutral from Overweight Thursday.
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Latest Insider Activity
Sunrun Inc. (RUN) Co-Executive Chair Jurich Lynn Michelle announced the sale of shares taking place on Jul 11 at $25.33 for some 75,000 shares. The total came to more than $1.9 million.
Arista Networks Inc. (ANET) CTO and SVP Software Eng. Duda Kenneth sold on Jul 11 a total of 20,000 shares at $102.28 on average. The insider’s sale generated proceeds of almost $2.05 million.
Occidental Petroleum Corporation (OXY) 10% Owner BERKSHIRE HATHAWAY INC declared the purchase of shares taking place on Jul 13 at $56.94 for some 65,199 shares. The transaction amount was around $3.71 million.
BitNile Holdings Inc. (NILE) Executive Chairman AULT MILTON C III bought on Jul 12 a total 834,686 shares at $0.33 on average. The purchase cost the insider an estimated $279,369.
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.
Important Earnings
Top US earnings releases scheduled for today include Conagra Brands, Inc. (NYSE:CAG). It will announce its May 2022 financial results. The company is expected to report earnings of $0.63 per share from revenues of $2.93B in the three-month period.
Analysts expect JPMorgan Chase & Co. (NYSE:JPM) to report a net income (adjusted) of $2.91 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $31.95B.
First Republic Bank (FRC), due to announce earnings before the market opens today, is expected to report earnings of $2.09 per share from revenues of $1.47B 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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