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- 18 May - NH - Morning Newsletter (with survey at top and bottom)
18 May - NH - Morning Newsletter (with survey at top and bottom)
4 Trending Stocks to Trade Today
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Good Morning!
The session on May 17, the main US stock markets ended in the green zone. The S&P 500 rose 2.02% to 4088 points, the Dow Jones added 1.34%, the Nasdaq rose 2.76%. Manufacturers of consumer goods looked worse than the market (-1.15%). The growth leaders were technology companies (+2.91%), commodity (+2.86%) and financial (+2.69%) sectors.Company news
Plug Power Inc (PLUG: +14.00%) received an order for the supply of an electrolysis plant for the production of green hydrogen with a capacity of up to 100 thousand tons per year.
Coinbase Global Inc (COIN: +13.45%) has postponed its plans to triple its workforce in 2022.
Caterpillar Inc (CAT: +2.85%) announced that its board of directors has approved a new $15 billion share buyback program.
OMG - Look at These Megatrend Stocks...
Today's most powerful megatrends also happen to be the ones most attractive to investors... Because they offer the potential to deliver significant returns. And these 5 Megatrend stocks are poised to soar.
Today Top Movers
DLocal Limited (DLO) stock soared 13.97% to $21.94 in the pre-market trading after releasing Q1 2022 financial results.
Guardforce AI Co. Limited (NASDAQ: GFAI) shares are trading up 7.82% at $0.6469 at the time of writing following an announcement from the company that it has expanded its robotic disinfection services through new bundled offerings in response to the latest COVID-19 outbreak in China.
Armstrong Flooring Inc. (AFI) grew over 5.23% at $0.31 in pre-market trading today after receiving approval from the U.S. Bankruptcy Court for the District of Delaware to access its consensual debtor-in-possession financing totaling $24 million in net new money.
Verb Technology Company Inc. (VERB), a Software - Application company, rose about 8.55% to $0.462 in pre-market trading Wednesday. The company recently announced a new partnership with boutique women’s shapewear brand stā BODY.
Last Century's Oil Boom Repeats Today With Lithium?
The budding lithium industry looks similar to early days of the oil boom. In fact, lithium has been called the "new oil." As internal combustion engines give way to lithium-filled electric vehicle batteries, demand for the metal is skyrocketing. The U.S. is desperate for more domestic sources of lithium, and geologists are pointing to Nevada.
Top Upgrades & Downgrades
Bernstein turned bullish on Monster Beverage Corporation (MNST), upgrading the stock to Outperform and assigning a $110.00 price target, representing potential upside of 23.28% from Tuesday's close.
Great Ajax Corp. (AJX) has won the favor of Compass Point's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $16.00, suggesting 70.58% additional upside for the stock.
Mercury Systems Inc. (MRCY) received an upgrade from analysts at RBC Capital, who also set their one-year price target on the stock to $72.00. They changed their rating on MRCY to Outperform from Sector Perform in a recently issued research note.
Earlier Wednesday Goldman Sachs reduced its rating on Warby Parker Inc. (WRBY) stock to Neutral from Buy and assigned the price target to $18.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Comstock Resources Inc. (CRK) has been changed to Underweight from Neutral and the new price target is set at $16.00.
Analysts at RBC Capital downgraded VSE Corporation (VSEC)'s stock to Sector Perform from Outperform Wednesday.
Watch These 4 Penny Stocks...
A biopharmaceutical company, interactive technology, a refrigerant services company and a specialty pharmaceutical company... These 4 penny stocks are poised to soar.
Latest Insider Activity
Meta Platforms Inc. (FB) Chief Accounting Officer Taylor Susan J.S. announced the sale of shares taking place on May 17 at $202.16 for some 1,420 shares. The total came to more than $0.29 million.
Nektar Therapeutics (NKTR) Chief R&D Officer Zalevsky Jonathan sold on May 16 a total 21,673 shares at $3.95 on average. The insider’s sale generated proceeds of almost $85608.0.
Drive Shack Inc. (DS) Director EDENS WESLEY R declared the purchase of shares taking place on May 16 at $1.67 for some 302,275 shares. The transaction amount was around $0.5 million.
Coinbase Global Inc. (COIN) Director Ehrsam Frederick Ernest III bought on May 13 a total 706,554 shares at $70.77 on average. The purchase cost the insider an estimated $50.0 million.
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.
Important Earnings
Top US earnings releases scheduled for today include The TJX Companies Inc. (NYSE:TJX). It will announce its Apr 2022 financial results. The company is expected to report earnings of $0.6 per share from revenues of $11.59B in the three-month period.
Analysts expect Target Corporation (NYSE:TGT) to report a net income (adjusted) of $3.06 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Apr 2022 is predicted to come in at $24.49B.
Dynatrace Inc. (DT), due to announce earnings before the market opens today, is expected to report earnings of $0.15 per share from revenues of $246.55M 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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