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- 17 Mar - NH - Morning Newsletter (with survey at top and bottom)
17 Mar - NH - Morning Newsletter (with survey at top and bottom)
4 Best Stocks to Watch Right Now
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Good Morning!
U.S. stocks rose sharply in a volatile session and reached their highest level in almost three years after the Federal Reserve announced the first interest rate hike since 2018.The S&P 500 gained 95.41 points, or 2.2%, to 4357.86. The Nasdaq Composite rose 487.93 points, or 3.8%, to 13436.55. The Dow Jones Industrial Average rose 518.76 points, or 1.5%, to 34,063.10.The Fed raised its key interest rate by a quarter of a percentage point. New Fed forecasts showed that central bankers expect a rate hike to at least 1.875% by the end of the year and to 2.75% by the end of 2023. This includes seven quarter-point rate hikes this year and more hikes next year.
How to Take Advantage of the Global Chip Shortage Today!
The global chip shortage is expected to last into 2023. The shortage has affected many industries over the past few months - from Automobiles to Telecommunications to Consumer electronics. Today investors can take advantage of this record demand by adding these 4 semiconductor stocks to their portfolio.
Today Top Movers
TD Holdings Inc. (GLG) stock soared 70.08% to $0.4036 in the pre-market trading after reporting fiscal year 2021 financial results.
Marrone Bio Innovations Inc. (NASDAQ: MBII) shares are trading up 19.77% at $0.8401 at the time of writing following its merger agreement with Bioceres.
Imperial Petroleum Inc. (IMPP) grew over 9.8% at $2.24 in pre-market trading today. The company recently declared a dividend of approximately $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock.
Meten Holding Group Ltd. (METX), an Education & Training Services company, rose about 10.7% at $0.1904 in pre-market trading Thursday following its latest strategic alliance news with Global Blockchain.
Free Report: 5 Stocks to Protect Your Portfolio During Tumultuous Times
Markets are an absolute disaster.
With Russia's invasion of Ukraine, inflationary threats, a potential recession, and likely interest rate hikes on the way, investors are terrified. Plus, with oil prices now above $110 a barrel, there are concerns pump prices could substantially curb consumer spending.
And unfortunately, no one is quite sure what comes next.
Here are five ways to protect your portfolio right now.
Top Upgrades & Downgrades
JP Morgan turned bullish on Ralph Lauren Corporation (RL), upgrading the stock to "Overweight" and assigning a $142.00 price target, representing potential upside of 24.57% from Wednesday's close.
Health Catalyst Inc. (HCAT) has won the favor of Jefferies's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $28.00, suggesting 24.11% additional upside for the stock.
CSX Corporation (CSX) received an upgrade from analysts at RBC Capital, who also set their one-year price target on the stock to $39.00. They changed their rating on CSX to Outperform from Sector Perform in a recently issued research note.
Earlier Thursday RBC Capital reduced its rating on Union Pacific Corporation (UNP) stock to Sector Perform from Outperform and assigned the price target to $258.00.
SVB Leerink analysts reduced their investment ratings, saying in research reports covered by the media that its rating for BeiGene Ltd. (BGNE) has been changed to Market Perform from Outperform and the new price target is set at $177.00.
Analysts at UBS downgraded LifeStance Health Group Inc. (LFST)'s stock to Neutral from Buy Thursday.
Are You Prepared For the Next Cryptocurrency Crash?
It's impossible to predict when a crash will happen, but it's important to be prepared. That's why Charlie Shrem, one of the world's leading cryptocurrency experts, has created the Crypto Cash Calendar with his team of experts. This calendar can predict major movements weeks before they happen, so you'll know which cryptocurrencies to buy at the right time.
Latest Insider Activity
PubMatic Inc. (PUBM) Chief Innovation Officer Goel Amar K. announced the sale of shares taking place on Mar 16 at $20.09 for some 15,500 shares. The total came to more than $0.31 million.
Tradeweb Markets Inc. (TW) Managing Director, Corp. Dev. Maisey Simon sold on Mar 15 a total 65,574 shares at $85.54 on average. The insider’s sale generated proceeds of almost $85543.0.
BRP Group Inc. (BRP) Chief Partnership Officer Valentine John A. declared the purchase of shares taking place on Mar 14 at $24.68 for some 5,000 shares. The transaction amount was around $0.12 million.
Origin Materials Inc. (ORGN) Director Drucker Charles bought on Mar 16 a total 790,000 shares at $6.13 on average. The purchase cost the insider an estimated $245,013.
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.
Important Earnings
Top US earnings releases scheduled for today include StoneCo Ltd. (NASDAQ:STNE). It will announce its Dec 2021 financial results. The company is expected to report earnings of -$0.04 per share from revenues of $336.72M in the three-month period.
Analysts expect FedEx Corporation (NYSE:FDX) to report a net income (adjusted) of $4.64 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Feb 2022 is predicted to come in at $23.44B.
GameStop Corp. (GME), due to announce earnings after the market closes today, is expected to report earnings of $0.84 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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