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- 16 May - NH - Morning Newsletter (with survey at top and bottom)
16 May - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks Starting the Week Strong
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Futures on the Dow, NASDAQ Composite and S&P 500 indices were trading down on Monday after unexpectedly weak Chinese economic data increased fears of a global slowdown. Consumer confidence will be in the spotlight on Wall Street this week amid a collection of data releases and corporate earnings focused on the biggest and most important part of the U.S. economy.Dow Jones futures fell 56 points after the index added 466 points on Friday to end the day at 32,196.66. S&P 500 futures look set to open 15.75 points lower, with the Nasdaq on track to go down 76.5 points.
Smart-Money Driving Small-Cap Uranium Stocks to Dizzying Heights
The 2022 Uranium Bull Market has arrived and it looks like one for the history books. Just like last time when investors watched the Uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjá Vu All Over Again!' because this US$4 Uranium stock just secured royalty interests on the two largest and richest high-grade uranium mines on the planet.
Today Top Movers
Spirit Airlines Inc. (SAVE) stock soared 11.13% to $18.87 in the pre-market trading as JetBlue announced that it is engaging Spirit Airlines shareholders directly to pursue a hostile bid for the airline.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) shares are trading up 22.16% at $2.04 at the time of writing. AGRI is an AgTech company focused on the development and acquisition of crop production know-how and intellectual property augmented by advanced AgTech facilities and solutions.
Chimerix Inc. (CMRX) grew over 15.57% at $4.9 in pre-market trading today after declaring that it will sell exclusive rights to its smallpox treatment, including Tembexa, to Emergent BioSolutions Inc. for up to $337.5 million-plus royalties.
Rattler Midstream LP (RTLR), a Oil & Gas Midstream company, rose about 15.18% at $14.8 in pre-market trading Monday. The company recently announced a deal to be acquired by Diamondback Energy Inc. in an all-stock deal that values Rattler at about $2.20 billion.
Free Report: Forever Stocks: The Top 5 Stocks That Should be in All Portfolios
For many investors, a long-term buy and hold strategy is a great choice.
Especially if you can find top notch companies, with a solid history of returns, or ones that could get red hot with supply demand issues.
Look at Apple, Microsoft, Amazon.com, or even Meta Platforms for proof.
In fact, we've found five you may want to consider holding forever.
Top Upgrades & Downgrades
Piper Sandler turned bullish on SoFi Technologies Inc. (SOFI), upgrading the stock to "Overweight" and assigning a $10.00 price target, representing potential upside of 48.15% from Friday's close.
iQIYI Inc. (IQ) has won the favor of JP Morgan's equity research team. The firm upgraded the shares from Underweight to Overweight and moved their price target to $8.00, suggesting 169.36% additional upside for the stock.
Alibaba Group Holding Limited (BABA) received an upgrade from analysts at JPMorgan, who also set their one-year price target on the stock to $130.00. They changed their rating on BABA to Overweight from Underweight in a recently issued research note.
Earlier Monday Credit Suisse reduced its rating on Switch Inc. (SWCH) stock to Neutral from Outperform.
Baird analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Twilio Inc. (TWLO) has been changed to Neutral from Outperform and the new price target is set at $120.00.
Analysts at Baird downgraded InnovAge Holding Corp. (INNV)'s stock to Neutral from Outperform Monday.
Don't Miss Your Chance to Get Rich in the 2022 Gold Bull Market
Gold is soaring. And smart investors are jumping into the small-cap gold sector where outsized returns are being fueled by a rising tide for precious metals in the face of rampant inflation and geopolitical turmoil. This small-cap gold explorer is trading undiscovered below US$0.25 per share. It's drilling now and already hitting high-grade gold plus silver.
Latest Insider Activity
Block Inc. (SQ) Square Lead Henry Alyssa announced the sale of shares taking place on May 11 at $80.86 for some 30,770 shares. The total came to more than $2.49 million.
Pfizer Inc. (PFE) Executive Vice President Carapezzi William R JR sold on May 12 a total 38,273 shares at $49.41 on average. The insider’s sale generated proceeds of almost $1.89 million.
DURECT Corporation (DRRX) Director Farfel Gail M declared the purchase of shares taking place on May 13 at $0.40 for some 9,250 shares. The transaction amount was around $3700.0.
Transocean Ltd. (RIG) Director CHANG VANESSA C L bought on May 12 a total 5,000 shares at $3.37 on average. The purchase cost the insider an estimated $16,850.
Four Trades to Watch
Predictive analysis is revolutionizing the trading space as we know it.
With high-accuracy forecasting, traders can dodge losses and squeeze the most out of their trade entries and exits.
Check out today's deep dive into Four Trades to Watch to see the tricks and tips you may not know about.
Important Earnings
Top US earnings releases scheduled for today include PolarityTE Inc. (NASDAQ:PTE). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.08 per share from revenues of $730k in the three-month period.
Analysts expect monday.com Ltd. (NASDAQ:MNDY) to report a net income (adjusted) of -$1.02 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $101.22M.
U.S. Well Services Inc. (USWS), due to announce earnings before the market opens today, is expected to report earnings of -$0.28 per share from revenues of $39.4M 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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