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- 16 Aug - ST - Morning Newsletter (with survey at top and bottom)
16 Aug - ST - Morning Newsletter (with survey at top and bottom)
4 Stocks Taking off in Today's Premarket
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Good Morning!
In advance of quarterly reports from major U.S. retailers, stock futures in the U.S. were little changed Tuesday after a solid session the previous day.A decline of 26 points, or 0.1%, was seen in Dow Jones Industrial Average futures. Futures on the S&P 500 and Nasdaq 100 fell 0.2%.Walmart is scheduled to release its results later this morning. The results will be scrutinized by investors to find clues about how consumers are dealing with decades-high inflation. On Wednesday, Target and Lowe's will report their quarterly results.Meanwhile, the home-improvement retailer reported earnings that beat expectations this morning and maintains its outlook for 2022.
Top 5 Stocks with Strong Insider Buying
One of the best ways to spot potential opportunity is by tracking insiders.
After all, who knows the company better than an insider - the CEO, CFO, COO, officers, employees, and directors? If they're buying a sizable number of shares, it's often a good idea to start looking into why and perhaps follow them into the stock. Here are five stocks seeing a good share of insider buying in recent weeks.
Today Top Movers
Mainz Biomed B.V. (MYNZ) stock soared 13.85% to $10.52 in the pre-market trading.The company and Dante Genomics recently announced the formal commencement of ColoAlert’s consumer commercial program in Italy and the United Arab Emirates (UAE).
IZEA Worldwide Inc. (NASDAQ: IZEA) shares are trading up 25.3% at $1.14 at the time of writing after reporting a record revenue of $12.6 million in Q2
Ginkgo Bioworks Holdings Inc. (DNA) grew over 16.62% at $4.07 in pre-market trading today following the release of second quarter 2022 financial results.
GreenBox POS (GBOX), a Software - Infrastructure company, rose about 22.83% at $1.56 in pre-market trading Tuesday. The company recently reported Q2 2022 financial results.
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Top Upgrades & Downgrades
HC Wainwright & Co. turned bullish on Diffusion Pharmaceuticals Inc. (DFFN), upgrading the stock to "Buy" and assigning a $9.50 price target, representing potential upside of 38.28% from Monday's close.
SITE Centers Corp. (SITC) has won the favor of Mizuho's equity research team. The firm upgraded the shares from Neutral to Buy and moved its price target to $17.00, suggesting a 12.14% additional upside for the stock.
Seagen Inc. (SGEN) received an upgrade from analysts at RBC Capital, who also set their one-year price target on the stock to $188.00. They changed their rating on SGEN to Outperform from Sector Perform in a recently issued research note.
Earlier Tuesday Morgan Stanley reduced its rating on Avalara Inc. (AVLR) stock to Equal-Weight from Overweight and assigned the price target to $93.50.
B. Riley Securities analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Bed Bath & Beyond Inc. (BBBY) has been changed to Sell from Neutral and the new price target is set at $5.00.
Analysts at Citigroup downgraded Zoom Video Communications Inc. (ZM)'s stock to Sell from Neutral Tuesday.
Leaked tax return reveals secret to pocketing $460,164...
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Latest Insider Activity
The Charles Schwab Corporation (SCHW) Please see remarks Craig Jonathan M. announced the sale of shares taking place on Aug 12 at $75.00 for some 8,032 shares. The total came to more than $0.6 million.
ContextLogic Inc. (WISH) Director Tung Hans sold on Aug 15 a total 843,700 shares at $1.67 on average. The insider’s sale generated proceeds of almost $1.41 million.
Radius Health Inc. (RDUS) 10% Owner Rubric Capital Management LP declared the purchase of shares taking place on Aug 11 at $10.07 for some 1,678,954 shares. The transaction amount was around $16.91 million.
Coinbase Global Inc. (COIN) Director Lutke Tobias bought on Aug 11 a total 3,930 shares at $97.24 on average. The purchase cost the insider an estimated $382,153.
Forbes mag says this strategy "like finding money in the street"
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
Important Earnings
Top US earnings releases scheduled for today include Walmart Inc. (NYSE: WMT). It will announce its Jul 2022 financial results. The company is expected to report revenues of $150.75B in the three-month period.
Analysts expect Sea Limited (NYSE: SE) to report a net income (adjusted) of -$1.19 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $2.97B.
Genius Sports Limited (GENI), due to announce earnings before the market opens today, is expected to report earnings of -$0.09 per share from revenues of $65.26M 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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