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- 20 Jan - NH - Morning Newsletter (with survey at top and bottom)
20 Jan - NH - Morning Newsletter (with survey at top and bottom)
4 "Power Pick" Stocks for Today's Session
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Good Morning!Stock futures showed an upward trend early Friday morning as investors tried to maintain the January rally despite concerns over monetary policy and weak financial results. Futures related to the Dow Jones Industrial Average saw an increase of 45 points, or 0.14%. The S&P 500 futures reported a slight gain of 0.22% while Nasdaq 100 advanced 0.35%.Both the Dow and the S&P 500 ended Thursday in red, facing the third consecutive negative session, as corporate earnings and economic data indicated a slowing economy. The Dow suffered a decline of about 252 points, or 0.76%, and is now down 0.31% for the year. The S&P 500 moved down 0.76% and the Nasdaq Composite lost 0.96%. However, both indexes are in positive territory since 2023 kicked off.It appears all three major indexes are going to close lower for the week. The Dow is down 3.67%, which is its biggest weekly fall since September. This might be the worst week for the S&P 500 since December as it dropped more than 2.5%. Meanwhile, the Nasdaq fell more than 2%, ending a two-week winning streak.
Huge Upside Potential With "Staggering" Solar Demand
Global solar demand is "staggering" right now, according to Bloomberg. Solar installations are set to grow 30% this year alone.
And the boom is just beginning, with increasing adoption of solar by commercial, non-profit, and public entities. With only 1% of commercial electricity demand served by on-site solar globally, there is HUGE opportunity for growth.
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Today Top Movers
WiSA Technologies Inc. (WISA) stock soared 58.15% to $0.195 in the pre-market trading ahead of special meeting of stockholders on Jan 24, 2023.
Genius Group Limited (AMEX: GNS) shares are trading up 54.55% at $3.23 at the time of writing following the appointment of Timothy Murphy to lead the illegal trading task force.
AppHarvest Inc. (APPH) grew over 23.02% at $1.71 in pre-market trading today after announcing that it has started commercial shipments from its first harvest of tomatoes at its new 60-acre high-tech indoor farm in Richmond, Ky.
Ault Alliance, Inc. (AULT) is up 13.06% to $0.14 in pre-market today after its Board of Directors has declared a monthly cash dividend of $0.2708333 per share of the Company’s outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.
The Smart Way to Get Insanely Rich in the 2023 Gold Bull Market
The 2023 gold bull market has arrived as nervous investors continue to flock to the safety of the yellow metal. Yet, the biggest gains won't be in gold...they'll be in select gold stocks with proven ounces in the ground. This soon-to-be-known gold company provides investors with exposure to over 30 million ounces of gold...worth tens of $Billions...at a ridiculously low US$1 per share.
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Top Upgrades & Downgrades
BMO Capital turned bullish on Restaurant Brands International Inc. (QSR), upgrading the stock to Outperform and assigning a $72 price target, representing potential upside of 9.74% from Thursday's close.
PagerDuty Inc. (PD) 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 $36, suggesting 36.46% additional upside for the stock.
PVH Corp. (PVH) received an upgrade from analysts at Barclays, who also set their one-year price target on the stock to $106. They changed their rating on PVH to Overweight from Equal-Weight in a recently issued research note.
Earlier Friday Piper Sandler reduced its rating on Delek US Holdings Inc. (DK) stock to Neutral from Overweight and assigned the price target to $32.
Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that its rating for LCI Industries (LCII) has been changed to Hold from Buy and the new price target is set at $95.
Analysts at Keybanc downgraded BigCommerce Holdings Inc. (BIGC)'s stock to Sector Weight from Overweight Friday.
(Urgent) Less than $4 Biotech Announces a Breakthrough in Leukemia
Early stage Biotechs can potentially yield significant attention. Those who take interest in these companies are usually the first to notice their products that have the possibility to disrupt big markets.
One little Biotech (~ $4) just announced the deployment of a breakthrough in fusion gene map technology for the $15Bn Leukemia treatment market.
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Latest Insider Activity
Snap Inc. (SNAP) Chief Financial Officer Andersen Derek announced the sale of shares taking place on Jan 17 at $9.49 for some 451 shares. The total came to more than $4282.0.
Ginkgo Bioworks Holdings Inc. (DNA) 10% Owner Canton Barry sold on Jan 18 a total 154,796 shares at $1.95 on average. The insider’s sale generated proceeds of almost $0.3 million.
Keurig Dr Pepper Inc. (KDP) Chief Financial Officer Priyadarshi Sudhanshu Shekhar declared the purchase of shares taking place on Jan 18 at $35.00 for some 10,000 shares. The transaction amount was around $0.35 million.
Zymeworks Inc. (ZYME) 10% Owner EcoR1 Capital, LLC bought on Jan 18 a total 203,000 shares at $10.00 on average. The purchase cost the insider an estimated $2.03 million.
The Top 5 NASDAQ Stocks to Own for New Year 2023
Even in the worst of times, markets have rallied back. Just as they always have. So, if you're thinking of quitting the market, don't. There are plenty of bargains and hot investing ideas to jump on. In fact, here are five of our best ideas for 2023.
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Important Earnings
Top US earnings releases scheduled for today include Huntington Bancshares Incorporated (NASDAQ: HBAN). It will announce its Dec 2022 financial results. The company is expected to report earnings of $0.41 per share from revenues of $1.95B in the three-month period.
Analysts expect Schlumberger Limited (NYSE: SLB) to report a net income (adjusted) of $0.68 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2022 is predicted to come in at $7.81B.
Regions Financial Corporation (RF), due to announce earnings before the market opens today, is expected to report earnings of $0.65 per share from revenues of $1.95B 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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