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- 19 Sep - NH - Morning Newsletter (with survey at top and bottom)
19 Sep - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks Taking off in Today's Premarket
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Good Morning!In advance of this week's Federal Reserve two-day meeting, stock futures fell Monday after the major averages posted their worst week since June.It was a losing day for Dow Jones Industrial Average futures as the index lost 275 points, or 0.9%. The S&P 500 shed 0.9% and the Nasdaq 100 shed 1%, respectively.Tuesday will mark the start of the Fed's latest policy meeting, which investors will be watching closely. Investors also await guidance on corporate earnings before the next reporting season begins in October, when the central bank is expected to raise rates by three-quarters of a point.As investors reacted to FedEx's warning of "significantly worsening" global economic conditions and an higher-than-expected inflation report, stocks fell last week. It was the fourth weekly loss in five weeks for the major averages.This week, there will only be a few economic reports, such as housing starts and initial jobless claims, in addition to the Fed meeting.
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.
Today Top Movers
bluebird bio Inc. (BLUE) stock soared 14.67% to $7.27 in the pre-market trading. The company recently declared that FDA has granted Accelerated Approval of SKYSONA®.
VEON Ltd. (NASDAQ: VEON) shares are trading up 11.11% at $0.4001 at the time of writing after reporting a trading update for the first eight months of 2022 (“8M22”).
FOXO Technologies Inc. (FOXO) grew about 46.02% at $5.87 in pre-market trading Monday. The company recently announced the completion of its business combination with Delwinds Insurance Acquisition Corp. (DWIN).
Amprius Technologies Inc. (AMPX) grew over 9.88% at $9.12 in pre-market trading today following the completion of its business combination with Kensington Capital Acquisition Corp. IV (KCAC.U).
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.
Top Upgrades & Downgrades
Keybanc turned bullish on D.R. Horton Inc. (DHI), upgrading the stock to Overweight and assigning a $84.00 price target, representing potential upside of 18.13% from Friday's close.
PulteGroup Inc. (PHM) has won the favor of Keybanc's equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $47.00, suggesting 19.38% additional upside for the stock.
Lennar Corporation (LEN) received an upgrade from analysts at Keybanc, who also set their one-year price target on the stock to $89.00. They changed their rating on LEN to Overweight from Underweight in a recently issued research note.
Earlier Monday RBC Capital reduced its rating on Huntsman Corporation (HUN) stock to Sector Perform from Outperform and assigned the price target to $30.00.
BMO Capital analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Tronox Holdings plc (TROX) has been changed to Market Perform from Outperform and the new price target is set at $16.00.
Analysts at BMO Capital downgraded Venator Materials PLC (VNTR)'s stock to Underperform from Market Perform Monday.
The A.I. That Every Trader Should Use
There's nothing wrong with the diligent analysis you're doing. That's a huge reason why you've been successful so far, but that's not enough.
Unfortunately, you'll never fully take control of your financial future if you're only using information from the past – lagging indicators and historical data. To bring your trading success to new heights, you will need a tool that uses past data to predict future stock movements.
Latest Insider Activity
Amazon.com Inc. (AMZN) CEO Amazon Web Services Selipsky Adam announced the sale of shares taking place on Sep 15 at $128.47 for some 500 shares. The total came to more than $64236.0.
ChargePoint Holdings Inc. (CHPT) Chief Marketing Officer Jansen Colleen sold on Sep 15 a total 3,500 shares at $19.00 on average. The insider’s sale generated proceeds of almost $66500.0.
Starbucks Corporation (SBUX) Director ALLISON RICHARD E JR declared the purchase of shares taking place on Sep 15 at $92.53 for some 10,000 shares. The transaction amount was around $0.93 million.
Quotient Limited (QTNT) Director von Prondzynski Heino bought on Sep 15 a total 700,000 shares at $0.20 on average. The purchase cost the insider an estimated $140,000.
Hidden Income 'hack'
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Important Earnings
Top US earnings releases include AutoZone Inc. (NYSE: AZO). It will announce its Aug 2022 financial results. The company is expected to report earnings of $38.38 per share from revenues of $5.15B in the three-month period.
Analysts expect Aurora Cannabis Inc. (NASDAQ: ACB) to report a net income (adjusted) of -$0.16 per share, when the company releases its quarterly results tomorrow. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $38.74M.
Stitch Fix Inc. (SFIX), due to announce earnings after the market closes tomorrow, is expected to report earnings of -$0.61 per share from revenues of $489.02M 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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