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15 Mar - ST - Morning Newsletter (with survey at top and bottom)
4 Trending Stocks to Trade Today
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Good Morning!
In the session on March 14, most US stock markets ended in the red zone. The S&P 500 fell 0.74% to 4173 points, the Nasdaq corrected 2.04% and the Dow Jones remained close to zero. Positive dynamics were observed in the sector of finance (+1.25%), healthcare (+0.68%) and non-cyclical consumer goods (+0.57%). Energy (-2.89%), IT (-1.9%), communications (-1.81%) and cyclical consumer goods (-1.75%) showed the deepest correction.Company news
Rio Tinto (RIO) made an offer to buy 49% of Turquoise Hill Resources (TRQ: +31.9%) at a cash price of CAD34 per share.
The WSJ reported that a private equity consortium including Elliott Management is in talks to acquire Nielsen Holdings (NLSN: +30.5%) for $15 billion.
Phase 3 testing of Nektar Therapeutics (NKTR: -60.9%) of a combination of two anti-cancer drugs did not show the desired effectiveness.
The company exploring the #1 precious metals district in the world
One under-the-radar company is making big moves in Nevada, rated as the top mining jurisdiction in the world. They've had huge drill success, with more results on the way, and have a maiden resource estimate incoming.
Today Top Movers
Hycroft Mining Holding Corporation (HYMC) stock soared 5.76% to $1.47 in the pre-market trading after announcing a $56 million equity private placement with precious metals investor Eric Sprott and AMC Entertainment Holdings.
Ucommune International Ltd (NASDAQ: UK) shares are trading up 19.94% at $0.2701 at the time of writing following the announcement of the extraordinary general meeting and share consolidation.
CooTek (Cayman) Inc. (CTK) grew over 39.66% at $0.2754 in pre-market trading today after its Chairman of the BOD and Chief Technology Officer has informed the Company of his intention to use his personal funds to purchase up to US$3 million of the Company's American Depositary Shares for the next six months.
GitLab Inc. (GTLB), a Software - Application company, rose about 8.88% at $36.04 in pre-market trading Tuesday. The company reported total revenue of $77.8 million, up 69% year-over-year in fiscal fourth quarter.
These Are Our Top 4 Penny Stocks...
These four low-priced stocks could deliver for investors in a big way.
Top Upgrades & Downgrades
Atlantic Equities turned bullish on W.W. Grainger Inc. (GWW), upgrading the stock to "Overweight" and assigning a $580.00 price target, representing potential upside of 19.93% from Monday's close.
Heartland Express Inc. (HTLD) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Underweight to Equal-Weight and moved their price target to $16.00, suggesting 12.76% additional upside for the stock.
Northern Oil and Gas Inc. (NOG) received an upgrade from analysts at Johnson Rice, who also set their one-year price target on the stock to $50.00. They changed their rating on NOG to Buy from Accumulate in a recently issued research note.
Earlier Tuesday Stifel reduced its rating on Evolv Technologies Holdings Inc. (EVLV) stock to Hold from Buy and assigned the price target to $2.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Coupa Software Incorporated (COUP) has been changed to Neutral from Overweight and the new price target is set at $70.00.
Analysts at Mizuho downgraded Nektar Therapeutics (NKTR)'s stock to Neutral from Buy Tuesday.
Analysts Say This Cannabis Company is About Ready to Catch Fire in 2022
We are closely watching the cannabis market to see signs of its next leg up.
The last ride was most definitely a wild one with very nice gains being made in late 2020 and early 2021. Well today we are seeing signs of life again.
Especially when it comes to this one NASDAQ listed firm.
They have the lowest production cost in the world and have been adding major retail distributors like Walmart.com and Macy's.
Two analysts combed over all the data and found the company has at least 5x upside too.
Latest Insider Activity
Comcast Corporation (CMCSA) CEO - Comcast Cable WATSON DAVID N announced the sale of shares taking place on Mar 11 at $45.69 for some 65,410 shares. The total came to more than $2.99 million.
Gilead Sciences Inc. (GILD) EVP,Corp Affairs & Gen Counsel Pletcher Brett A sold on Mar 11 a total 32,576 shares at $58.24 on average. The insider’s sale generated proceeds of almost $0.21 million.
CommScope Holding Company Inc. (COMM) President and CEO Treadway Charles L. declared the purchase of shares taking place on Mar 11 at $6.78 for some 73,965 shares. The transaction amount was around $0.5 million.
Fisker Inc. (FSR) Director Zuklie Mitchell bought on Mar 09 a total 80,226 shares at $11.36 on average. The purchase cost the insider an estimated $56,775.
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.
Important Earnings
Top US earnings releases scheduled for today include Volt Information Sciences Inc. (AMEX:VOLT). It will announce its Jan 2022 financial results. The company is expected to report earnings of -$0.13 per share from revenues of $225.5M in the three-month period.
Analysts expect SentinelOne Inc. (NYSE: S) to report a net income (adjusted) of -$0.18 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2022 is predicted to come in at $60.68M.
GoHealth Inc. (GOCO), due to announce earnings after the market closes today, is expected to report earnings of $0.15 per share from revenues of $527.64M 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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