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- 20 May - NH - Morning Newsletter (with survey at top and bottom)
20 May - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Trade Before the Weekend
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Good Morning!
On May 19,2022, the main US stock markets ended in the red zone. The S&P 500 fell 0.75% to 4,901 points, the Dow Jones fell by the same amount, and the Nasdaq shed 0.26%. Representatives of non-cyclical consumer goods (-1.98%) and high-tech companies (-1.07%) traded worse than the market.Company news
Cisco Systems (CSCO: -13.7%) reported a decline in revenue in the third fiscal quarter and a slowdown in the growth of the number of orders. The company noted problems with supply chains due to quarantine in China.
Patrick Frisk will step down as CEO and board member of Under Armor (UAA: -11.9%) on June 1st. Colin Brown will be appointed interim executive director.
Harley-Davidson (HOG: -9.3%) is suspending assembly and shipping of its products for two weeks due to a component issue with an unnamed supplier.
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.
Today Top Movers
BEST Inc. (BEST) stock soared 335.71% to $1.22 in the pre-market trading after releasing its environmental, social, and governance (ESG) report for 2021.
NIO Inc. (NIO) shares are trading up 4.26% at $17.27 at the time of writing after reporting that it has successfully listed, by way of introduction, its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited.
ChromaDex Corporation (CDXC) grew over 13.64% at $2.00 in pre-market trading today following an announcement of an agreement to establish a joint venture through its wholly owned subsidiary ChromaDex Asia Limited.
Palo Alto Networks, Inc. (PANW), a technology company, rose about 11.17% at $485.11 in pre-market trading Friday after after company lifts full-year forecast.
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.
Top Upgrades & Downgrades
Baird turned bullish on Comerica Incorporated (CMA), upgrading the stock to "Outperform" and assigning a $85.00 price target, representing potential an upside of 16.75% from Thursday's close.
Banco de Chile (BCH) has won the favor of Grupo Santander's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $25.00, suggesting 25.75% additional upside for the stock.
Trex Company Inc. (TREX) received an upgrade from analysts at Exane BNP Paribas, who also set their one-year price target on the stock to $75.00. They changed their rating on TREX to Neutral from Underperform in a recently issued research note.
Earlier Friday Telsey Advisory Group reduced its rating on Ross Stores Inc. (ROST) stock to Market Perform from Outperform and assigned the price target to $80.00.
Berenberg analysts reduced their investment ratings, saying in research reports covered by the media that its rating for PPG Industries Inc. (PPG) has been changed to Hold from Buy.
Analysts at Atlantic Equities downgraded Freshpet Inc. (FRPT)'s stock to Neutral from Overweight Friday.
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.
Latest Insider Activity
Advanced Micro Devices Inc. (AMD) EVP, Computing & Graphics Bergman Rick announced the sale of shares taking place on May 17 at $97.94 for some 2,000 shares. The total came to more than $0.2 million.
Upstart Holdings Inc. (UPST) General Counsel and Secretary Nicoll Alison sold on May 18 a total 7,500 shares at $48.75 on average. The insider’s sale generated proceeds of almost $0.37 million.
SoFi Technologies Inc. (SOFI) Chief Executive Officer Noto Anthony declared the purchase of shares taking place on May 19 at $7.79 for some 13,500 shares. The transaction amount was around $0.11 million.
Coinbase Global Inc. (COIN) Director Ehrsam Frederick Ernest III bought on May 17 a total 385,260 shares at $64.93 on average. The purchase cost the insider an estimated $25.01 million.
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Important Earnings
Top US earnings releases scheduled for today include Foot Locker Inc. (NYSE:FL). It will announce its Apr 2022 financial results. The company is expected to report earnings of $1.55 per share from revenues of $2.21B in the three-month period.
Analysts expect Deere & Company (NYSE:DE) to report a net income (adjusted) of $6.71 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Apr 2022 is predicted to come in at $13.2B.
Booz Allen Hamilton Holding Corporation (BAH), due to announce earnings before the market opens today, is expected to report earnings of $0.87 per share from revenues of $2.22B 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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