- Stocks Telegraph
- Posts
- 19 May - NH - Morning Newsletter (with survey at top and bottom)
19 May - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks You Must Watch Before the Market Opens
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
On May 18, US stock markets ended in negative territory. The S&P 500 fell 4.04% to 3924, the Nasdaq shed 4.73% and the Dow Jones corrected 3.57%. All sectors included in the broad market index closed in the red. The sectors of discretionary (-6.60%) and non-cyclical consumer goods (-6.38%) showed the largest drop. Utility providers experienced less pressure (-1.03%).Company news
Chevron (CVX: -2.64%) launches a carbon capture and storage project to reduce the carbon intensity of mining in California.
Cisco (CSCO: -4.43%) reported lower-than-expected revenue and slowed sales growth under the influence of the unfavorable geopolitical situation and anti-COVID restrictions in China. Management revised its revenue growth forecast from 4.5% to 2-3%.
Target Corp. (TGT: -24.93%) generated above-consensus revenue for the quarter, but the retailer's profits were cut in half by high fuel and freight costs. Management reaffirmed its sales guidance for the current fiscal year, but lowered its operating profit guidance.
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.
Today Top Movers
Renovare Environmental Inc. (RENO) stock soared 27.76% to $0.31 in the pre-market trading. The company recently filed periodic financial reports with SEC.
Salarius Pharmaceuticals Inc. (NASDAQ: SLRX) shares are trading up 19.45% at $0.2592 at the time of writing. David Arthur, CEO of Salarius, will virtually present at the H.C. Wainwright Global Investment Conference being held on May 23-26, 2022.
CBAK Energy Technology Inc. (CBAT) grew over 24.3% at $1.33 in pre-market trading today after reporting its unaudited financial results for the first quarter ended March 31, 2022.
Canaan Inc. (CAN), a Computer Hardware company, rose about 6.69% at $3.35 in pre-market trading Thursday. The company reported a gross profit of US$130.9 million in Q1 2022, representing an increase of 327.2% from the same period of 2021.
Free Report: Forever Stocks: The Top 5 Stocks That Should be in All Portfolios
For many investors, a long-term buy and hold strategy is a great choice.
Especially if you can find top notch companies, with a solid history of returns, or ones that could get red hot with supply demand issues.
Look at Apple, Microsoft, Amazon.com, or even Meta Platforms for proof.
In fact, we've found five you may want to consider holding forever.
Top Upgrades & Downgrades
Morgan Stanley turned bullish on Reinsurance Group of America Incorporated (RGA), upgrading the stock to Equal Weight and assigning a $132.00 price target, representing potential upside of 9.07% from Wednesday's close.
Public Storage (PSA) has won the favor of BMO Capital's equity research team. The firm upgraded the shares from Market Perform to Outperform.
Barclays PLC (BCS) received an upgrade from analysts at Keefe Bruyette. They changed their rating on BCS to Outperform from Market Perform in a recently issued research note.
Earlier Thursday Piper Sandler reduced its rating on UWM Holdings Corp. (UWNC) stock to Underweight from Neutral and assigned the price target to $3.00.
Stifel analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Target Corporation (TGT) has been changed to Hold from Buy and the new price target is set at $185.00.
Analysts at JP Morgan downgraded Wipro Limited (WIT)'s stock to Underweight from Neutral Thursday.
Soldiers Carry 20 Pounds of Lithium Batteries?
U.S. soldiers may carry up to 20 pounds of lithium batteries! In fact, nearly every American weapon defense system requires lithium batteries. With China dominating our lithium supply, access to battery metals has become a national security issue. That's just one reason why the domestic lithium industry is BOOMING.
Latest Insider Activity
Snap Inc. (SNAP) Chief Business Officer Gorman Jeremi announced the sale of shares taking place on May 18 at $24.00 for some 8,150 shares. The total came to more than $0.2 million.
Twitter Inc. (TWTR) Possible member of 10% group SAUD H R H PRINCE ALWALEED BIN sold on May 18 a total 490,000 shares at $37.27 on average. The insider’s sale generated proceeds of almost $18.26 million.
Paramount Global (PARA) Director NATIONAL AMUSEMENTS INC /MD/ declared the purchase of shares taking place on May 17 at $32.37 for some 646,764 shares. The transaction amount was around $20.94 million.
Keurig Dr Pepper Inc. (KDP) Chief Legal Officer Shoemaker Anthony bought on May 17 a total 5,500 shares at $35.60 on average. The purchase cost the insider an estimated $195,794.
Are you ready to earn more income?
America's #1 trading champion, Chuck Hughes, wants to share his tips and tricks with you, but hurry! Time is running out. Get a free copy of "Options Trading Made Easy" when you register for the Trade of the Day eletter. Full of advice, tips, and tricks!
Important Earnings
Top US earnings releases scheduled for today include BJ's Wholesale Club Holdings Inc. (NYSE:BJ). It will announce its Apr 2022 financial results. The company is expected to report earnings of $0.71 per share from revenues of $4.24B in the three-month period.
Analysts expect Kohl's Corporation (NYSE: KSS) to report a net income (adjusted) of $0.7 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Apr 2022 is predicted to come in at $3.68B.
Canada Goose Holdings Inc. (GOOS), due to announce earnings before the market opens today, is expected to report earnings of -$0.01 per share from revenues of $172.71M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.