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- 19 July - NH - Morning Newsletter (with survey at top and bottom)
19 July - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks You Must Watch Before the Market Opens
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Good Morning!
The U.S. stock market ended in the red on Monday as Apple's reported hiring freeze crushed a rally.After big banks kicked off another week of earnings and expectations eased about the Fed raising interest rates, the markets rose earlier.As a result, the Dow Jones Industrial Average fell 216 points, or about 0.7%, while the S&P 500 fell 0.8%, while the NASDAQ Composite fell 0.8%.After bond trading helped Goldman Sachs Group Inc (NYSE:GS) recover from weakness in M&A advisory, its stock rose 2.5%. BAC's stock finished flat after it also reported weak investment banking activity. In earlier trading, both were higher.After Apple (NASDAQ:AAPL) announced it would cut hiring, its shares fell 2%, becoming the latest tech giant to do so amid economic worries.
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Today Top Movers
Applied Blockchain Inc. (APLD) stock soared 33.96% to $1.42 in pre-market trading after announcing a five-year hosting contract with Marathon Digital Holdings, Inc. (MARA) for 200-Megawatts of Bitcoin mining capacity. .
Pinterest Inc. (NYSE: PINS) shares are trading up 1.48% at $20.55 at the time of writing. The company will release Q2 2022 results on Monday, August 1st, 2022.
Comstock Inc. (LODE) grew over 8.93% at $0.61 in pre-market trading today after announcing a significant expansion of its leading cellulosic technology portfolio by filing for a new patent covering breakthrough pathways to produce renewable diesel, marine, sustainable aviation fuel (“SAF”) and gasoline from woody biomass.
Celcuity Inc. (CELC), a Diagnostics & Research company, rose about 13.19% at $10.47 in pre-market trading Tuesday. The company announced that FDA has granted gedatolisib Breakthrough Therapy designation for the treatment of patients with HR+/HER2- metastatic breast cancer.
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Top Upgrades & Downgrades
Needham turned bullish on Arista Networks Inc. (ANET), upgrading the stock to "Buy" and assigning a $128 price target, representing potential upside of 27.26% from Monday's close.
Cinemark Holdings Inc. (CNK) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $22, suggesting 32.05% additional upside for the stock.
Exxon Mobil Corporation (XOM) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $109. They changed their rating on XOM to Overweight from Neutral in a recently issued research note.
Earlier Tuesday RBC Capital reduced its rating on Asana Inc. (ASAN) stock to Underperform from Sector Perform and assigned the price target to $13.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Sunrun Inc. (RUN) has been changed to Neutral from Overweight and the new price target is set at $29.
Analysts at Piper Sandler downgraded Sunnova Energy International Inc. (NOVA)'s stock to Neutral from Overweight Tuesday.
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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.
Latest Insider Activity
Meta Platforms Inc. (META) Chief Legal Officer Newstead Jennifer announced the sale of shares taking place on Jul 12 at $164.80 for some 342 shares. The total came to more than $56362.0.
Pinterest Inc. (PINS) SVP, Products Gavini Naveen sold on Jul 15 a total 4,756 shares at $20.01 on average. The insider’s sale generated proceeds of almost $95176.0.
Occidental Petroleum Corporation (OXY) 10% Owner BERKSHIRE HATHAWAY INC declared the purchase of shares taking place on Jul 16 at $59.67 for some 242,241 shares. The transaction amount was around $14.46 million.
Delta Air Lines Inc. (DAL) Director Taylor David S bought on Jul 14 a total 10,000 shares at $29.31 on average. The purchase cost the insider an estimated $293,100.
Forbes mag says this strategy "like finding money in the street"
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
Important Earnings
Top US earnings releases scheduled for today include Halliburton Company (NYSE:HAL). It will announce its Jun 2022 financial results. The company is expected to report earnings of $0.44 per share from revenues of $4.7B in the three-month period.
Analysts expect Ally Financial Inc. (NYSE: ALLY) to report a net income (adjusted) of $1.86 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $2.19B.
Lockheed Martin Corporation (LMT), due to announce earnings before the market opens today, is expected to report earnings of $6.39 per share from revenues of $16.05B 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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