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- 16 Nov - ST - Morning Newsletter (with survey at top and bottom)
16 Nov - ST - Morning Newsletter (with survey at top and bottom)
4 Stocks to Watch in Today's Session 📈
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Good Morning!A lighter inflation report and retail sales data due later in the day contributed to an early rise in stock futures on Wednesday.There was a 59 point gain, or 0.18%, in Dow Jones Industrial Average futures. Futures for the S&P 500 rose 0.16% and Nasdaq 100 futures rose 0.19%.The S&P 500 closed up 0.87% and the Dow added 56.22 points, or 0.17%, as the regular trading session ended Tuesday. Nasdaq prices increased 1.45% and are on track to gain slightly for the week. Wholesale prices in the producer price index fell below expectations, alleviating some of investors' concerns about inflation.Last week's consumer price index report was better than expected, which boosted stocks. All major averages are on track to close the month with the rise, including the S&P 500 which posted its best weekly performance since June.Among the companies reporting earnings later today are Target, Cisco and Nvidia.
New Battery "Could Eat Lithium's Lunch"
Why do 5 billionaires believe that one tiny $4 company can take on Tesla?
Today Top Movers
NeuroSense Therapeutics Ltd. (NRSN) stock soared 10.0% to $1.87 in the pre-market trading after receiving FDA clearance of IND for its ALS phase 2b study.
Burning Rock Biotech Limited (BNR) shares are trading up 9.65% at $2.50 at the time of writing. The company reported Q3 2022 financial results.
AST SpaceMobile Inc. (ASTS) grew over 2.6% at $7.7 in pre-market trading today after providing its business update for the third quarter ended September 30, 2022.
Alcon Inc. (ALC), a Medical Instruments & Supplies company, rose about 3.8% at $65.78 in pre-market trading Wednesday following the release of Q3 2022 results.
This U.S. Company Is Prepared To Slam The Breaks On Heart Disease
Heart disease is the leading cause of death for men, women, and most racial/ethnic groups in the United States.
About 660,000 people in the U.S. die from heart disease every year—that's 1 in every 4 deaths and on average 1 person every 40 seconds.
One company above others could be well-positioned for this fight against heart disease.
Top Upgrades & Downgrades
Deutsche Bank turned bullish on Cabot Corporation (CBT), upgrading the stock to "Buy" and assigning a $90 price target, representing potential upside of 23.66% from Tuesday's close.
Xylem Inc. (XYL) has won the favor of Atlantic Equities's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $129, suggesting 15.08% additional upside for the stock.
Oscar Health Inc. (OSCR) received an upgrade from analysts at Wells Fargo, who also set their one-year price target on the stock to $4. They changed their rating on OSCR to Overweight from Equal-Weight in a recently issued research note.
Earlier Wednesday UBS reduced its rating on Corteva Inc. (CTVA) stock to Neutral from Buy and assigned the price target to $73.
Wolfe Research analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Magellan Midstream Partners L.P. (MMP) has been changed to Underperform from Peer Perform and the new price target is set at $49.
Analysts at Raymond James downgraded The Home Depot Inc. (HD)'s stock to Market Perform from Outperform Wednesday.
6 Stocks Under 5 Bucks
Getting stocks under $5 a share is pretty sweet... But how do you know which stocks will be the big movers? These six low-priced stocks could deliver for investors in a big way.
Latest Insider Activity
Uber Technologies Inc. (UBER) See Remarks Hazelbaker Jill announced the sale of shares taking place on Nov 15 at $31.02 for some 63,100 shares. The total came to more than $1.96 million.
Coinbase Global Inc. (COIN) Chairman and CEO Armstrong Brian sold on Nov 11 a total 29,732 shares at $54.66 on average. The insider’s sale generated proceeds of almost $1.63 million.
Carvana Co. (CVNA) Director SULLIVAN GREGORY B declared the purchase of shares taking place on Nov 14 at $10.00 for some 8,000 shares. The transaction amount was around $80000.0.
Energy Transfer LP (ET) EVP (former CFO) Whitehurst Bradford D. bought on Nov 15 a total 8,500 shares at $12.05 on average. The purchase cost the insider an estimated $102,425.
How to Own Tens of $Billions in Gold for Just US$1 Per Share
A brand new gold bull market has arrived as nervous investors continue to flock to the safety of the yellow metal. Yet, the biggest gains won't be in gold...they'll be in select gold stocks with proven ounces in the ground. This soon-to-be-known gold company provides investors with exposure to over 30 million ounces of gold...worth tens of $Billions...at a ridiculously low US$1 per share.
Important Earnings
Top US earnings releases scheduled for today include Grab Holdings Limited (NASDAQ: GRAB). It will announce its Sep 2022 financial results. The company is expected to report earnings of -$0.12 per share from revenues of $337.02M in the three-month period.
Analysts expect The TJX Companies Inc. (NYSE:TJX) to report a net income (adjusted) of $0.8 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2022 is predicted to come in at $12.3B.
Target Corporation (TGT), due to announce earnings before the market opens today, is expected to report earnings of $2.13 per share from revenues of $26.38B 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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