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- 16 Mar - ST - Morning Newsletter (with survey at top and bottom)
16 Mar - ST - Morning Newsletter (with survey at top and bottom)
4 Stocks to Watch in Today's Session
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Good Morning!
On March 15, the main US stock markets ended in the green zone. The S&P 500 rose 2.14% to 4262 points, the Dow Jones added 1.82%, the Nasdaq rose 2.92%. Nearly all of the industry's broad market indexes closed higher. The exceptions were issuers from the energy sector (-3.72%). The growth leaders were representatives of the non-cyclical consumer goods industry (+3.39%) and technology companies (+3.43%).Company news
Tesla Inc (TSLA: +4.60%) is going to raise car prices amid stronger demand.
Delta Air Lines Inc (DAL: +8.7%) said that Q1, 2022 revenue will recover to 78% of 2019 levels.
American Airlines Group Inc (AAL: +9.26%) expects higher sales to offset higher fuel costs in the current quarter.
Unsatiable Lithium Demand Is Here To Stay
I have an urgent matter to discuss with you. Lithium is running into a problematic supply and demand situation - AGAIN.
Last time something like this happened, the lithium companies ERUPTED - more than 200%! In other words - there were colossal returns. Right now, it's shaping up to be another potential lithium explosion with this company sitting on some incredible findings.
Today Top Movers
Bilibili Inc. (BILI) stock soared 31.23% to $24.75 in the pre-market trading following the board of directors of the Company approved a motion to pursue the voluntary conversion to dual-primary listing on The Main Board of The Stock Exchange of Hong Kong Limited.
JOYY Inc. (NASDAQ: YY) shares are trading up 29.87% at $33.0 at the time of writing. The company reported that its total revenues in the full year of 2021 increased by 36.5% year over year to US$2.619 billion.
LexinFintech Holdings Ltd. (LX) grew over 21.11% at $2.61 in pre-market trading today after announcing US$50 million share repurchase program.
NIO Inc. (NIO), a Auto Manufacturers company, rose about 18.42% at $17.68 in pre-market trading Wednesday. Citi analyst Jeff Chung initiated research coverage on Nio (NYSE: NIO) Hong Kong-listed shares with a Buy rating.
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.
Top Upgrades & Downgrades
Bernstein turned bullish on Micron Technology Inc. (MU), upgrading the stock to Outperform and assigning a $94.00 price target, representing potential upside of 28.57% from Wednesday's close.
Starbucks Corporation (SBUX) has won the favor of JP Morgan's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $101.00, suggesting 21.51% additional upside for the stock.
Ultragenyx Pharmaceutical Inc. (RARE) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $105.00. They changed their rating on RARE to Outperform from Neutral in a recently issued research note.
Earlier Wednesday Morgan Stanley reduced its rating on SoFi Technologies Inc. (SOFI) stock to Equal-Weight from Overweight and assigned the price target to $10.00.
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
Cerus Corporation (CERS) Chief Operating Officer Jayaraman Vivek K announced the sale of shares taking place on Mar 14 at $5.04 for some 41,734 shares. The total came to more than $0.21 million.
VAALCO Energy Inc. (EGY) Director FAWTHROP ANDREW LAWRENCE sold on Mar 14 a total 332,559 shares at $5.53 on average. The insider’s sale generated proceeds of almost $0.19 million.
Freshworks Inc. (FRSH) 10% Owner SEQUOIA CAPITAL INDIA V LTD. declared the purchase of shares taking place on Mar 15 at $17.25 for some 1,388,150 shares. The transaction amount was around $23.95 million.
Berkeley Lights Inc. (BLI) Director Chiminski John R bought on Mar 11 a total 22,900 shares at $5.18 on average. The purchase cost the insider an estimated $93,272.
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 ZTO Express (Cayman) Inc. (NYSE:ZTO). It will announce its Dec 2021 financial results. The company is expected to report earnings of $0.32 per share from revenues of $1.52B in the three-month period.
Analysts expect Ideanomics Inc. (NASDAQ:IDEX) 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 Dec 2021 is predicted to come in at $33.2M.
Williams-Sonoma Inc. (WSM), due to announce earnings after the market closes today, is expected to report earnings of $4.82 per share from revenues of $2.58B 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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