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- 17 Jan - NH - Morning Newsletter (with survey at top and bottom)
17 Jan - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks to Watch in Today's Session 📈
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Good Morning!According to trading data futures for US stock indices are falling in anticipation of the next portion of the financial statements of large banks.Futures for the Dow Jones Industrial Index (DJIA) are down 0.27% to 34320 points, futures for the NASDAQ high-tech index - by 0.51%, to 11549 points, for the S&P 500 broad market index - by 0.35%, up to 4003.75 points.Investors' attention is focused on the earnings results of companies for the fiscal year. Major US banks such as Bank of America, JP Morgan and Citigroup have already published their reports. The net profit of these banking giants declined at the end of the year.Later on Tuesday, the publication of financial results of banks Goldman Sachs and Morgan Stanley is expected.
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Today Top Movers
First Wave BioPharma Inc. (FWBI) stock soared 21.63% to $0.7905 in the pre-market trading. The company recently provided update on IND filing for phase 2 trial of enhanced microgranule formulation of adrulipase for Exocrine Pancreatic Insufficiency.
BIT Mining Limited (NYSE: BTCM) shares are trading up 15.31% at $3.54 at the time of writing following the launch of their state-of-the-art Litecoin/Dogecoin mining machine, model LD3.
Calyxt Inc. (CLXT) grew over 101.94% at $0.375 in pre-market trading today after announcing a definitive merger agreement with Cibus under which Calyxt and Cibus will merge in an all-stock transaction.
MGO Global Inc. Common Stock (MGOL), a Advertising Agencies company, rose about 41.94% at $6.60 in pre-market trading Tuesday after announcing the pricing of initial public offering."
The Smart Way to Get Insanely Rich in the 2023 Gold Bull Market
The 2023 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.
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Top Upgrades & Downgrades
SVB Leerink turned bullish on Vertex Pharmaceuticals Incorporated (VRTX), upgrading the stock to Outperform and assigning a $374 price target, representing potential upside of 24.28% from Friday's close.
ResMed Inc. (RMD) 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 $245, suggesting 12.32% additional upside for the stock.
Church & Dwight Co. Inc. (CHD) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $91. They changed their rating on CHD to Overweight from Equal-Weight in a recently issued research note.
Earlier Tuesday Deutsche Bank reduced its rating on The Wendy's Company (WEN) stock to Hold from Buy and assigned the price target to $23.
Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Wells Fargo & Company (WFC) has been changed to Hold from Buy and the new price target is set at $46.
Analysts at Keybanc downgraded The Southern Company (SO)'s stock to Sector Weight from Overweight Tuesday.
The Top 5 NASDAQ Stocks to Own for New Year 2023
Even in the worst of times, markets have rallied back. Just as they always have. So, if you're thinking of quitting the market, don't. There are plenty of bargains and hot investing ideas to jump on. In fact, here are five of our best ideas for 2023.
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Latest Insider Activity
Atlassian Corporation (TEAM) Co-CEO, Co-Founder Farquhar Scott announced the sale of shares taking place on Jan 13 at $146.98 for some 8,614 shares. The total came to more than $1.27 million.
The Walt Disney Company (DIS) EVP, Control, Fin Plan & Tax WOODFORD BRENT sold on Jan 12 a total 18,110 shares at $98.46 on average. The insider’s sale generated proceeds of almost $1.78 million.
Fate Therapeutics Inc. (FATE) Director MENDLEIN JOHN declared the purchase of shares taking place on Jan 13 at $5.43 for some 36,631 shares. The transaction amount was around $0.2 million.
Kymera Therapeutics Inc. (KYMR) Director BVF PARTNERS L P/IL bought on Jan 12 a total 18,897 shares at $31.24 on average. The purchase cost the insider an estimated $590,391.
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Important Earnings
Top US earnings releases scheduled for today include Silvergate Capital Corporation (NYSE: SI). It will announce its Dec 2022 financial results. The company is expected to report earnings of $0.81 per share from revenues of $75.84M in the three-month period.
Analysts expect Morgan Stanley (NYSE: MS) 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 Dec 2022 is predicted to come in at $12.64B.
Citizens Financial Group Inc. (CFG), due to announce earnings before the market opens today, is expected to report earnings of $1.31 per share from revenues of $2.22B 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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