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- 14 Mar - ST - Morning Newsletter (with survey at top and bottom)
14 Mar - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Trade Today
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Good Morning!
On Friday, March 11, the main US stock markets ended in the red zone. The S&P 500 fell 1.3% to 4204 points, the Dow Jones shed 0.69%, the Nasdaq corrected 2.18%. All sectors included in the broad market index showed negative dynamics. The outsiders were representatives of telecoms (-1.88%), IT (-1.8%) and manufacturers of cyclical consumer goods (-1.79%).Company news
Didi Global (DIDI: -44.1%) suspended preparations for its IPO in Hong Kong as it failed to comply with regulatory requirements to prevent user data leaks.
DocuSign's (DOCU: -20.1%) Q4 report was stronger than expected, but the 2023 outlook disappointed analysts as demand normalizes as the impact of the pandemic eases.
Rivian's quarterly results (RIVN: -7.6%) fell short of consensus on revenue and EBITDA. Problems in supply chains put pressure on production volumes.
New Uranium Millionaires: Load-Up On This Brand New Sub-$1 Stock
Uranium has quickly surged to decade highs. It's going higher still. And the stocks within it... particularly the small-caps... are heading to the stratosphere. We have the #1 small-cap uranium stock for 2022 gains. Best of all, the company just started trading so very few investors know about it.
Today Top Movers
Volt Information Sciences Inc. (VOLT) stock soared 94.04% to $5.86 in the pre-market trading after announcing a definitive merger agreement with Vega Consulting, Inc., an affiliate of ACS Solutions, under which Volt will be acquired for $6.00 per share in cash.
Mullen Automotive Inc. (NASDAQ: MULN) shares are trading up 23.7% at $1.67 at the time of writing. The company today announced a recently published feature by CarBuzz highlighting the Company’s high-performance EV Crossover, the Mullen FIVE.
Turquoise Hill Resources Ltd. (TRQ) grew over 28.17% at $25.8 in pre-market trading today. after Rio Tinto (RIO) has made a non-binding proposal to the Turquoise Hill (TRQ) Board to acquire the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not currently own.
AgriFORCE Growing Systems Ltd. (AGRI), a Farm Products company, rose about 20.32% at $3.79 in pre-market trading Monday. The firm recently reported that it has entered into a binding letter of intent to acquire Deroose Plants NV.
Free Report: 5 Stocks to Protect Your Portfolio During Tumultuous Times
Markets are an absolute disaster.
With Russia's invasion of Ukraine, inflationary threats, a potential recession, and likely interest rate hikes on the way, investors are terrified. Plus, with oil prices now above $110 a barrel, there are concerns pump prices could substantially curb consumer spending.
And unfortunately, no one is quite sure what comes next.
Here are five ways to protect your portfolio right now.
Top Upgrades & Downgrades
Raymond James turned bullish on Nokia Oyj (NOK), upgrading the stock to Outperform and assigning a $6.50 price target, representing potential upside of 34.99% from Friday's close.
LTC Properties Inc. (LTC) has won the favor of RBC Capital's equity research team. The firm upgraded the shares from Underperform to Sector Perform and moved their price target to $37.00, suggesting 3.41% additional upside for the stock.
Centennial Resource Development Inc. (CDEV) received an upgrade from analysts at Wells Fargo, who also set their one-year price target on the stock to $12.00. They changed their rating on CDEV to Equal-Weight from Underweight in a recently issued research note.
Earlier Monday Wells Fargo reduced its rating on Southwestern Energy Company (SWN) stock to Underweight from Equal-Weight and assigned the price target to $10.00.
Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Northern Oil and Gas Inc. (NOG) has been changed to Equal-Weight from Overweight and the new price target is set at $34.00.
Analysts at Barclays downgraded Omnicom Group Inc. (OMC)'s stock to Equal-Weight from Overweight Monday.
Are You Prepared For the Next Cryptocurrency Crash?
It's impossible to predict when a crash will happen, but it's important to be prepared. That's why Charlie Shrem, one of the world's leading cryptocurrency experts, has created the Crypto Cash Calendar with his team of experts. This calendar can predict major movements weeks before they happen, so you'll know which cryptocurrencies to buy at the right time.
Latest Insider Activity
AMC Entertainment Holdings Inc. (AMC) EVP & Chief Marketing Officer COLANERO STEPHEN A announced the sale of shares taking place on Mar 09 at $15.59 for some 69,005 shares. The total came to more than $1.08 million.
Cisco Systems Inc. (CSCO) EVP & Chief Operating Officer Martinez Maria sold on Mar 11 a total 304,198 shares at $55.24 on average. The insider’s sale generated proceeds of almost $54798.0.
SoFi Technologies Inc. (SOFI) Chief Executive Officer Noto Anthony declared the purchase of shares taking place on Mar 11 at $8.95 for some 16,704 shares. The transaction amount was around $0.15 million.
Alset EHome International Inc. (AEI) Director Chan Heng Fai Ambrose bought on Mar 09 a total 26,178,632 shares at $0.38 on average. The purchase cost the insider an estimated $1.52 million.
The Greatest Wealth Event since the Internet?
Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400% due in large part to the Internet Boom. Our Analysts think this is going to happen again over the next 2-3 years. In fact, the Metaverse is already being built as we speak. Bloomberg Intelligence estimates that the market size for the Metaverse could reach $800 billion by 2024.
Important Earnings
Top US earnings releases scheduled for today include Tuya Inc. (NYSE:TUYA). It will announce its Dec 2021 financial results. The company is expected to report earnings of -$0.06 per share from revenues of $74.25M in the three-month period.
Analysts expect Coupa Software Incorporated (NASDAQ: COUP) to report a net income (adjusted) of $0.05 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2022 is predicted to come in at $185.68M.
GitLab Inc. (GTLB), due to announce earnings after the market closes today, is expected to report earnings of -$0.25 per share from revenues of $70.29M 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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