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- 15 Nov - NH - Morning Newsletter (with survey at top and bottom)
15 Nov - NH - Morning Newsletter (with survey at top and bottom)
4 Active Stocks Breaking Out Today 🔥
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Good Morning!The stock market was up early Tuesday morning after closing down on Monday. The move was a reverse of a two-day surge that began when a better inflation report sparked hopes that the Federal Reserve would ease off on interest rate hikes.117 points, or 0.35%, were added to Dow Jones Industrial Average futures. There was a 0.46% gain in S&P 500 futures and a 0.71% surge in Nasdaq-100 futures. Following news of Warren Buffett's Berkshire Hathaway's new investments in Taiwan Semiconductor, Louisiana-Pacific, and Paramount, stock of all three companies rose.Also, investors tracked filings to find out what major investors like Michael Burry, Bill Ackman, David Tepper have traded during the course of the previous three months period.This week's speakers will have a critical role to play in pushing back or defending the market's recent moves.Stocks slipped later on a report that Amazon will lay off about 10,000 employees, potentially starting this week.Meanwhile, Several retail reports are scheduled for this week, amid the ongoing earnings season. The retail giants Walmart and Home Depot are set to post their earnings Wednesday, while Target, Lowe's, Bath and Body Works, Macy's, Kohl's and Foot Locker report later in the week.
Could This Little-known Tech Company Disrupt 2 Massive Markets?
The Brightfield Group, a cann-a-bis industry data research firm, reported sales of C-B-D products could hit $11Bn by 2027.
A Zion Market Research study indicated the market size of global gynecology devices was worth $10.8Bn in 2021, estimated to pass $19.5Bn by 2028.
Pair those together and it's easy to see why this Nasdaq tech company could be the next big thing.
Today Top Movers
Troika Media Group Inc. (TRKA) stock soared 49.43% to $0.4184 in the pre-market trading. Troika Media Group Inc. Reports Record Revenue of $120 million and Adjusted EBITDA of $10.1 million for its Quarter Ended September 30, 2022; Adds Additional Depth to Board of Directors.
Tencent Music Entertainment Group (NYSE: TME) shares are trading up 13.03% at $5.03 at the time of writing after announced its unaudited financial results for the third quarter ended September 30, 2022. Company’s 52-week ranged between $2.95 to $8.86. Analysts have a consensus price target of $5.60.
ImmunoGen Inc. (IMGN) grew over 11.28% at $6.41 in pre-market trading today. ImmunoGen Announces FDA Accelerated Approval of ELAHERE™ for the Treatment of Platinum-Resistant Ovarian Cancer.
Taiwan Semiconductor Manufacturing Company Limited (TSM), a Semiconductors company, rose about 10.37% at $80.35 in pre-market trading Tuesday after reports circulating that Warren Buffett’s Berkshire Hathaway Inc. took a stake of about $5 billion in Taiwan Semiconductor Manufacturing Co.
New Battery "Could Eat Lithium's Lunch"
Why do 5 billionaires believe that one tiny $4 company can take on Tesla?
Top Upgrades & Downgrades
B of A Securities turned bullish on Resources Connection Inc. (RGP), upgrading the stock to "Neutral" and assigning a $58 price target, representing potential upside of 212% from Monday's close.
Earlier Tuesday SVB Leerink reduced its rating on Calithera Biosciences Inc. (CALA) stock to Market Perform from Outperform and assigned the price target to $2.
SVB Leerink analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Satsuma Pharmaceuticals Inc. (STSA) has been changed to Market Perform from Outperform and the new price target is set at $15.
Analysts at Piper Sandler downgraded Thoughtworks Holding Inc. (TWKS)'s stock to Neutral from Overweight Tuesday.
Virginia Millionaire Warns European Energy Crisis Could Destroy U.S. Economy
Morgan Stanley is warning of an "imminent recession" in Europe. The head of the European Central Bank says it is a "very dark downside scenario."
And one Virginia millionaire who predicted the housing crisis and called the bottom of the COVID market... says this could be devastating to U.S. stocks.
But only if ONE THING doesn't happen.
Latest Insider Activity
Ginkgo Bioworks Holdings Inc. (DNA) 10% Owner Canton Barry announced the sale of shares taking place on Nov 11 at $2.65 for some 197,964 shares. The total came to more than $0.53 million.
Norwegian Cruise Line Holdings Ltd. (NCLH) EVP Gen. Counsel & Asst. Sec'y Farkas Daniel S sold on Nov 14 a total 44,000 shares at $17.93 on average. The insider’s sale generated proceeds of almost $0.79 million.
Transocean Ltd. (RIG) Director DEATON CHAD C declared the purchase of shares taking place on Nov 09 at $4.07 for some 50,000 shares. The transaction amount was around $0.2 million.
Lumen Technologies Inc. (LUMN) Director CLONTZ STEVEN T bought on Nov 11 a total 5,000 shares at $6.31 on average. The purchase cost the insider an estimated $31,550.
25-cent Copper-Gold-Silver Opportunity You Don't Want to Miss
Investors are preparing for historic gains as this tiny, undiscovered US$0.25 per share mining company readies the drills in what may soon prove to be one of the largest and richest copper-gold discoveries on record. Already, some of the world's biggest mining firms have staked a strategic position in this 25-cent miner.
Important Earnings
Top US earnings releases scheduled for today include Walmart Inc. (NYSE: WMT). It will announce its Oct 2022 financial results. The company is expected to report earnings of $1.32 per share from revenues of $147.75B in the three-month period.
Analysts expect Sea Limited (NYSE:SE) to report a net income (adjusted) of -$1.09 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $3B.
The Home Depot Inc. (HD), due to announce earnings before the market opens today, is expected to report earnings of $4.13 per share from revenues of $38.01B 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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