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- 15 July - NH - Morning Newsletter (with survey at top and bottom)
15 July - NH - Morning Newsletter (with survey at top and bottom)
4 Best Performing Stocks for Friday Trading
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Good Morning!
Futures for major US stock indexes rise on Friday in anticipation of the financial statements of Citigroup and Wells Fargo, according to trading data.Futures for the Dow Jones Industrial Index (DJIA) grew by 0.24%, to 30,676 points, futures for the NASDAQ high-tech companies index upped by 0.17%, to 11,817.25 points, for the broad market index S&P 500 - by 0.18%, up to 3,800.25 points.A new season of corporate reporting has started this week, which traditionally starts with large American banks. Later on Friday, before the opening of major trading in the US, Citigroup and Wells Fargo will publish their financial indicators for the quarter.On Thursday, Morgan Stanley and JPMorgan Chase published their reports. Second-quarter adjusted earnings per share and revenue were weaker than market forecasts, sending bank shares down 0.4% and 3.5%, respectively.
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Today Top Movers
Edgio Inc. (EGIO) stock soared 16.75% to $2.44 in the pre-market trading. The company will report second quarter 2022 financial results on August 8, 2022.
Pinterest Inc. (NYSE: PINS) shares are trading up 14.86% at $20.17 at the time of writing following a news that activist investor Elliott Management has acquired a stake in the struggling social-media company.
NexImmune Inc. (NEXI) grew over 29.93% at $1.91 in pre-market trading today after receiving IND clearance for the Company’s first cellular therapy product candidate addressing solid tumors.
Micron Technology Inc. (MU), a Semiconductors company, rose about 2.16% at $60.63 in pre-market trading Friday. The company recently announced that it plans to use the Athinia™ data analytics platform to create a pioneering data collaboration ecosystem.
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.
Top Upgrades & Downgrades
Goldman Sachs turned bullish on Allogene Therapeutics Inc. (ALLO), upgrading the stock to "Buy" and assigning a $32 price target, representing potential upside of 169.81% from Thursday's close.
Norfolk Southern Corporation (NSC) has won the favor of Stifel's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $275, suggesting 24.39% additional upside for the stock.
CSX Corporation (CSX) received an upgrade from analysts at Stifel, who also set their one-year price target on the stock to $37. They changed their rating on CSX to Buy from Hold in a recently issued research note.
Earlier Friday Baird reduced its rating on Duke Realty Corporation (DRE) stock to Neutral from Outperform and assigned the price target to $74.
Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Yelp Inc. (YELP) has been changed to Neutral from Buy and the new price target is set at $33.
Analysts at Cowen & Co. downgraded Torrid Holdings Inc. (CURV)'s stock to Market Perform from Outperform Friday.
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Latest Insider Activity
Advanced Micro Devices Inc. (AMD) EVP & CSO GRASBY PAUL DARREN announced the sale of shares taking place on Jul 12 at $76.99 for some 32,694 shares. The total came to more than $2.52 million.
Twitter Inc. (TWTR) Chief Financial Officer SEGAL NED D. sold on Jul 12 a total 5,000 shares at $32.76 on average. The insider’s sale generated proceeds of almost $163,800.
Keurig Dr Pepper Inc. (KDP) Chief Supply Chain Officer Milikin Maurice Anthony declared the purchase of shares taking place on Jul 11 at $36.17 for some 12,979 shares. The transaction amount was around $0.47 million.
Stitch Fix Inc. (SFIX) Director GURLEY J WILLIAM bought on Jul 08 a total 1,000,000 shares at $5.43 on average. The purchase cost the insider an estimated $5.43 million.
Leaked tax return reveals secret to pocketing $460,164...
Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits.
Important Earnings
Top US earnings releases scheduled for today include Citigroup Inc. (C). It will announce its Jun 2022 financial results. The company is expected to report earnings of $1.68 per share from revenues of $18.22B in the three-month period.
Analysts expect Wells Fargo & Company (NYSE: WFC) to report a net income (adjusted) of $0.86 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $17.53B.
U.S. Bancorp (USB), due to announce earnings before the market opens today, is expected to report earnings of $1.08 per share from revenues of $5.89B 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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