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- 19 Aug - NH - Morning Newsletter (with survey at top and bottom)
19 Aug - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks Closing the Week Strong
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Good Morning!
On Friday, stock futures fell, dimming hopes of another positive week for the S&P 500.Dow Jones Industrial Average futures dropped 162 points, or 0.5%, while S&P 500 futures fell 0.6%. The Nasdaq 100 futures declined by 0.8%.During the week, the S&P 500 gained just 0.08%, while the Dow gained 0.7%. In contrast, the tech-heavy Nasdaq lost 0.6% for the week. Over the past four weeks, the S&P 500 has gained.The Wall Street rally since mid-June has been fairly muted this week.Traders are still parsing through some key earnings on Friday, even though there are no major economic reports due out. After a better-than-expected quarterly report, Applied Materials shares rose in the premarket.
Free Report: Top 5 Gold Stocks for a Bear Market
There's still plenty of upside ahead for gold stocks.
Goldman Sachs says gold could run to $2,500 by the end of the year-especially with fears of a potential recession. And, according to Jeff Currie, Goldman Sachs global head of commodities research, as quoted by Bloomberg, "It's a perfect storm for gold right now."
So, where should we invest? Try these.
Today Top Movers
Aeglea BioTherapeutics Inc. (AGLE) stock soared 80.71% to $0.9124 in the pre-market trading after announcing the European Medicines Agency validation of marketing authorization application for Pegzilarginase for the treatment of Arginase 1 deficiency.
Bill.com Holdings Inc. (NYSE: BILL) shares are trading up 19.79% at $178.97 at the time of writing following the reports of the 4th quarter and fiscal year 2022 financial results.
System1 Inc. (SST) grew over 20.43% at $13.85 in pre-market trading today. The company will be participating in The Benchmark Company Consumer/Media/Entertainment One-on-One Conference taking place at the New York Athletic Club on September 8, 2022.
Taylor Morrison Home Corporation (TMHC), a Residential Construction Company, dropped about 0.0% at $27.4 in pre-market trading Friday. Taylor Morrison is one of the nation's leading homebuilders and developers.
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Top Upgrades & Downgrades
Piper Sandler turned bullish on Horace Mann Educators Corporation (HMN), upgrading the stock to Overweight and assigning a $42.00 price target, representing potential upside of 11.64% from Thursday's close.
ZTO Express (Cayman) Inc. (ZTO) has won the favor of JP Morgan's equity research team. The firm upgraded the shares from Neutral to Overweight and moved its price target to $35.00, suggesting a 31.43% additional upside for the stock.
DaVita Inc. (DVA) received an upgrade from analysts at UBS, who also set their one-year price target on the stock to $106.00. They changed their rating on DVA to Buy from Neutral in a recently issued research note.
Earlier Friday HSBC reduced its rating on Krispy Kreme, Inc. (DNUT) stock to Hold from Buy and assigned the price target to $15.00.
Atlantic Equities analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Nasdaq, Inc. (NDAQ) has been changed to Neutral from Overweight and the new price target is set at $200.00.
Analysts at BMO Capital downgraded UDR, Inc. (UDR)'s stock to Market Perform from Outperform Friday.
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.
Latest Insider Activity
Rollins Inc. (ROL) 10% Owner LOR INC announced the sale of shares taking place on Aug 17 at $37.14 for some 487,309 shares. The total came to more than $18.1 million.
Eargo Inc. (EAR) Chief Operating Officer Brownie William sold on Aug 16 a total 25,750 shares at $1.32 on average. The insider’s sale generated proceeds of almost $34008.0.
Palisade Bio Inc. (PALI) Chief Executive Officer Hallam Thomas declared the purchase of shares taking place on Aug 16 at $0.25 for some 40,000 shares. The transaction amount was around $10000.0.
Cerevel Therapeutics Holdings Inc. (CERE) Director PERCEPTIVE ADVISORS LLC bought on Aug 16 a total 1,425,000 shares at $35.00 on average. The purchase cost the insider an estimated $49.88 million.
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.
Important Earnings
Top US earnings releases scheduledDeere & Company (NYSE: DE). It will announce its Jul 2022 financial results. The company is expected to report earnings of $6.69 per share from revenues of $12.78B in the three-month period.
Analysts expect Macy's Inc. (NYSE: M) to report a net income (adjusted) of $0.85 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jul 2022 is predicted to come in at $5.49B.
DLocal Limited (DLO), due to announce earnings after the market closes Monday, is expected to report earnings of $0.1 per share from revenues of $98.53M 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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