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- 18 Aug - NH - Morning Newsletter (with survey at top and bottom)
18 Aug - NH - Morning Newsletter (with survey at top and bottom)
Today's Top-4 Break Out Stocks
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Good Morning!
Major US stock indexes closed lower on Wednesday. The release of the minutes of the July meeting of the Fed, which showed that with an increase in interest rates in September, the central bank may be less aggressive than previously expected, caused volatility in the stock market. The minutes also indicated that Fed officials saw no convincing evidence of easing inflationary pressures in July, suggesting inflation could take longer than expected to slow down.In an effort to curb inflation, the Fed has already raised its key interest rate by 225 basis points this year. After the release of the protocols, traders in futures linked to the Fed rate estimated its increase by 50 basis points as more likely.Before the release of protocols, the market was already trading with a significant decline. Growth indices were under pressure due to the weak results of Target's retail network.As a result of trading on Wednesday, the Dow Jones Industrial Average fell 0.5% to 33980.32 points, the S&P 500 - 0.72% to 4274.04, and the Nasdaq Composite - 1.25% to 12938.12 points.
Individual investors are making an absolute killing on select gold stocks in 2H '22. But what's the safest and smartest way to invest? Here's an under-the-radar Canadian gold company that's amassed over 30 million ounces of the yellow metal...worth Tens of $Billions...trading at an insanely low US$1 per share.
Today Top Movers
Plus Therapeutics Inc. (PSTV) stock soared 90.56% to $1.05 in pre-market trading after announcing that it was awarded a $17.6 million Product Development Research grant by the Cancer Prevention and Research Institute of Texas.
Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) shares are trading up 8.99% at $51.5 at the time of writing. The company recently reported an inducement grant under Nasdaq listing rule 5635(c)(4).
Wolfspeed Inc. (WOLF) grew over 22.83% at $105.2 in pre-market trading today after the release of its financial results for the Q4 of the fiscal year 2022.
bluebird bio Inc. (BLUE), a Biotechnology company, rose about 14.31% at $7.75 in pre-market trading Thursday following the FDA approval of ZYNTEGLO®, the first Gene Therapy for people with Beta-Thalassemia who require regular red blood cell transfusions.
Top 5 Stocks with Strong Insider Buying
One of the best ways to spot potential opportunity is by tracking insiders.
After all, who knows the company better than an insider - the CEO, CFO, COO, officers, employees, and directors? If they're buying a sizable number of shares, it's often a good idea to start looking into why and perhaps follow them into the stock. Here are five stocks seeing a good share of insider buying in recent weeks.
Top Upgrades & Downgrades
Morgan Stanley turned bullish on First Solar Inc. (FSLR), upgrading the stock to Equal-Weight and assigning a $136.00 price target, representing potential upside of 16.94% from Wednesday's close.
Calumet Specialty Products Partners L.P. (CLMT) has won the favor of Goldman Sachs's equity research team. The firm upgraded the shares from Neutral to Buy and moved its price target to $23.00, suggesting a 37.89% additional upside for the stock.
AeroClean Technologies Inc. (AERC) received an upgrade from analysts at Benchmark, who also set their one-year price target on the stock to $7.00. They changed their rating on AERC to Speculative Buy from Hold in a recently issued research note.
Earlier Thursday Morgan Stanley reduced its rating on Elanco Animal Health Incorporated (ELAN) stock to Equal-Weight from Overweight and assigned the price target to $22.00.
Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Array Technologies Inc. (ARRY) has been changed to Underweight from Equal-Weight and the new price target is set at $15.00.
Analysts at Stifel downgraded PerkinElmer Inc. (PKI)'s stock to Hold from Buy Thursday.
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Latest Insider Activity
Snap Inc. (SNAP) Senior VP, Engineering Hunter Jerry James announced the sale of shares taking place on Aug 16 at $12.28 for some 61,101 shares. The total came to more than $0.75 million.
Meta Platforms Inc. (META) Chief Technology Officer Bosworth Andrew sold on Aug 17 a total 15,000 shares at $176.48 on average. The insider’s sale generated proceeds of almost $2.65 million.
Cassava Sciences Inc. (SAVA) Chief Financial Officer Schoen Eric declared the purchase of shares taking place on Aug 12 at $19.95 for some 2,500 shares. The transaction amount was around $49875.0.
Canoo Inc. (GOEV) Executive Chairman and CEO Aquila Tony bought on Aug 12 a total 200,000 shares at $3.98 on average. The purchase cost the insider an estimated $797,000.
Leaked tax return reveals secret to pocketing $460,164...
Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits.
Important Earnings
Top US earnings releases scheduled for today include Tapestry Inc. (NYSE: TPR). It will announce its Jun 2022 financial results. The company is expected to report earnings of $0.77 per share from revenues of $1.64B in the three-month period.
Analysts expect Kohl's Corporation (NYSE: KSS) to report a net income (adjusted) of $1.03 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jul 2022 is predicted to come in at $3.85B.
BJ's Wholesale Club Holdings Inc. (BJ), due to announce earnings before the market opens today, is expected to report earnings of $0.8 per share from revenues of $4.64B 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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