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- 14 June - NH - Morning Newsletter (with survey at top and bottom)
14 June - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Watch
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Good Morning!
The session on June 13, the main US stock markets ended in the red zone. The S&P 500 fell 3.88% to close at 3,750. Nasdaq fell 4.68%, Dow Jones lost 2.79%. All 11 sectors included in the broad market index closed in negative territory. Worst of all looked sectors of energy (-5.13%) and real estate (-4.78%).Company news
Oracle (ORCL: -4.6%) closed its trading session the day before, reporting quarterly earnings per share of $1.54 on revenue of $11.8 billion, beating the consensus of $1. 38 and $11.65 billion, respectively.
Medical device manufacturer ResMed Inc. (RMD: -2.94%) to acquire German healthcare software provider MEDIFOX DAN GmbH for $1 billion to expand its software-as-a-service (SaaS) business outside the US.
Former Goldman Sachs Alum Sounds Alarm on "Next US Crisis"
Few believed Nomi Prins when she called the 2008 meltdown well in advance. Now, she's issuing a new prediction. Most Americans aren't yet prepared.
Today Top Movers
Soleno Therapeutics Inc. (SLNO) stock soared 33.31% to $0.2269 in the pre-market trading. The company presented new positive clinical data from its ongoing late-stage DCCR development program for the treatment of Prader-Willi syndrome (PWS) at ENDO 2022/
Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) shares are trading up 41.62% at $2.45 at the time of writing following an announcement from the company that it has reached an agreement with Philip Morris International for International Electronic Nicotine Delivery System Product Distribution.
Qudian Inc. (QD) grew over 25.0% at $0.9001 in pre-market trading today after announcing up to US$200 million share repurchase program.
NIO Inc. (NIO), a Auto Manufacturers company, rose about 4.13% at $16.65 in pre-market trading Tuesday. The company said that it expects to host a NIO Product Launch Event on Wednesday, June 15, 2022.
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Top Upgrades & Downgrades
Deutsche Bank turned bullish on NetApp Inc. (NTAP), upgrading the stock to "Buy" and assigning a $84 price target, representing potential upside of 30.29% from Monday's close.
B&G Foods Inc. (BGS) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Underweight to Neutral and moved their price target to $23.00, suggesting 4.5% additional upside for the stock.
Thomson Reuters Corporation (TRI) received an upgrade from analysts at CIBC. They changed their rating on TRI to Outperformer from Neutral in a recently issued research note.
Earlier Tiesday, Baird reduced its rating on Henry Schein, Inc. (HSIC) stock to Neutral from Outperform and assigned the price target to $88.00.
Deutsche Bank analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Hewlett Packard Enterprise Company (HPE) has been changed to Hold from Buy and the new price target is set at $16.00.
Analysts at Baird downgraded Envista Holdings Corporation (NVST)'s stock to Neutral from Outperform Tuesday.
Elon Musk's Secret Project L.A.S.E.R.
After months of research, one legendary early stage investment expert has uncovered the complete story behind Elon Musk's secret L.A.S.E.R. project.
Latest Insider Activity
Warby Parker Inc. (WRBY) Chief Financial Officer Miller Steven Clive announced the sale of shares taking place on Jun 13 at $13.42 for some 7,053 shares. The total came to more than $94663.0.
Zoetis Inc. (ZTS) Director Reed Willie M sold on Jun 10 a total 1,855 shares at $162.31 on average. The insider’s sale generated proceeds of almost $0.3 million.
Infinera Corporation (INFN) Director RIEDEL GEORGE ANDREW declared the purchase of shares taking place on Jun 10 at $5.28 for some 10,000 shares. The transaction amount was around $52798.0.
Dakota Gold Corp. (DC) Chief Operating Officer ABERLE GERALD MICHAEL bought on Jun 13 a total 4,709 shares at $4.10 on average. The purchase cost the insider an estimated $19,307.
Smart-Money Driving Small-Cap Uranium Stocks to Dizzying Heights
The 2022 Uranium Bull Market has arrived and it looks like one for the history books. Just like last time when investors watched the Uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjá Vu All Over Again!' because this US$4 Uranium stock just secured royalty interests on the two largest and richest high-grade uranium mines on the planet.
Important Earnings
Top US earnings releases scheduled for today include Core & Main Inc. (NYSE:CNM). It will announce its Apr 2022 financial results. The company is expected to report earnings of $0.35 per share from revenues of $1.4B in the three-month period.
Analysts expect Motorcar Parts of America Inc. (NASDAQ: MPAA) to report a net income (adjusted) of $0.47 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $150.5M.
ReNew Energy Global plc (RNW), due to announce earnings after the market closes today, is expected to report earnings of -$0.01 per share from revenues of $202.13M 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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