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- 21 Apr - NH - Morning Newsletter (with survey at top and bottom)
21 Apr - NH - Morning Newsletter (with survey at top and bottom)
4 Best Stocks to Watch Right Now
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Good Morning!
US stock indices closed mixed on Wednesday, and the rise in US government bond yields halted, while investors assessed the impact of increased inflation on the financial performance of companies.The S&P 500 fell 2.76 points, or less than 0.1%, to 4459.45. The day before, the index closed up 1.6%. The Nasdaq Composite fell 166.59 points, or 1.2%, to 13453.07, while the Dow Jones Industrial Average rose 249.59 points, or 0.7%, to 35160.79.Stock markets got off to a good start this week, with corporate reports showing that companies were mostly able to continue rising despite monetary tightening and inflation at its highest in 40 years. Netflix's post-regular session earnings on Tuesday disappointed investors, while Procter & Gamble posted its strongest sales growth in 20 years. Investors very carefully analyze the performance of companies in the face of rising prices.
Free Report: 5 Stocks Set to Double
Each was hand-picked by a Zacks research expert as the #1 favorite stock to gain +100% or more in the months ahead. Previous editions of this Special Report have racked up huge gains, soaring as much as +359%, +498%, even +673%.
Today Top Movers
Tesla Inc. (TSLA) stock surged 7.49% to $1,050.39 in the pre-market trading as the company posted record earnings for another quarter on April 20.
Mullen Automotive Inc. (NASDAQ: MULN) shares are trading up 12.77% at $1.59 at the time of writing after announcing solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana.
Clarus Therapeutics Holdings Inc. (CRXT) grew over 10.58% at $2.30 in pre-market trading today. After we reported yesterday, Clarus Therapeutics Holdings, Inc. (Nasdaq: CRXT) stock surged following the announcement of new data for JATENZO will be presented in the form of two abstracts at the Androgen Society 4th Annual Meeting taking place at the JW Marriott Bonnet Creek in Orlando, Florida, April 21-23, 2022. The surging streak is poised to continue today following yesterday's rise.
Duke Energy Corporation (DUK), a Utilities - Regulated Electric company, increased about 3.96% at $120.00 in pre-market trading Thursday. The company is creating a $500,000 microgrant program to help South Carolina communities weather future storms.
It trades under a secret name... for just under $5.
This may soon be the most talked about stock in America.
Top Upgrades & Downgrades
Wells Fargo turned bullish on PBF Energy Inc. (PBF), upgrading the stock to Equal-Weight and assigning a $30.00 price target, representing potential upside of 3.59% from Wednesday's close.
Exxon Mobil Corporation (XOM) has won the favor of RBC Capital's equity research team. The firm upgraded the shares from Sector perform to Outperform and moved their price target to $100.00, suggesting 13.68% additional upside for the stock.
Bank First (BFC) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $84.00. They changed their rating on BFC to Overweight from Neutral in a recently issued research note.
Earlier Thursday Barclays reduced its rating on The Scotts Miracle-Gro Company (SMG) stock to Equal-Weight from Overweight and assigned the price target to $110.00.
RBC Capital analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Chevron Corporation (CVX) has been changed to Sector Perform from Outperform and the new price target is set at $165.00.
Analysts at Piper Sandler downgraded FTC Solar Inc. (FTCI)'s stock to Underweight from Neutral Thursday.
WARNING: White House Declares "National Lithium Emergency"
With the US dependent on China for the most critical resource we use for our military, electric vehicles and power grid...The US is facing a "National Lithium Emergency". They are pumping hundreds of millions into sparking our lithium production. And one, domestic Lithium exploration company just staked 11,700 acres of mineral claims in Nevada...
Latest Insider Activity
Snap Inc. (SNAP) Chief Business Officer Gorman Jeremi announced the sale of shares taking place on Apr 19 at $32.37 for some 6,128 shares. The total came to more than $198,363.
Sabre Corporation (SABR) Chief Executive Officer MENKE SEAN E sold on Apr 18 a total 30,000 shares at $10.78 on average. The insider’s sale generated proceeds of almost $323,427.
American Resources Corporation (AREC) President Sauve Thomas M. declared the purchase of shares taking place on Apr 18 at $2.27 for some 5,000 shares. The transaction amount was around $11344.0.
Confluent Inc. (CFLT) 10% Owner GERSTNER BRAD bought on Apr 20 a total 51,000 shares at $39.31 on average. The purchase cost the insider an estimated $2,004,851.
Solar Flare In The ESG Market
The ESG market is set to explode in the coming years. Specifically, this company that has revolutionized EV batteries. Their solar covers are the future of EV trucking. With $500 million potential, this company seeks to dominate the ESG market with its breakthrough technology.
Important Earnings
Top US earnings releases scheduled for today include AT&T Inc. (NYSE:T). It will announce its Mar 2022 financial results. The company is expected to report earnings of $0.59 per share from revenues of $29.53B in the three-month period.
Analysts expect American Airlines Group Inc. (NASDAQ:AAL) to report a net income of -$2.4 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $8.83B.
Huntington Bancshares Incorporated (HBAN), due to announce earnings before the market opens today, is expected to report earnings of $0.3 per share from revenues of $1.63B 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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