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- 21 Oct - NH - Morning Newsletter (with survey at top and bottom)
21 Oct - NH - Morning Newsletter (with survey at top and bottom)
Checkout These 4 Hot Stocks for Friday Trading
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Good Morning!Despite wider-ranging corporate earnings and rising bond yields, stock futures dipped after a choppy trading day.Nasdaq 100 futures fell 0.7%, while Dow Jones Industrial Average futures slided 52 points or 0.17%. There was a 0.35% drop in S&P 500 futures.Dow Jones was down 90.22 points, or 0.3%, making it the second straight session of drops during regular trading. There was a 0.8% drop in the S&P 500 and a 0.6% fall in the Nasdaq Composite.In an up-and-down day for stocks, the Dow reached nearly 400 points at session highs, but rising Treasury yields dampened sentiment. Ten-year Treasury yields hit a high of 4.239% for the first time since 2008.However, even after today's losses, the major averages are still up more than 2% for the week, bolstered by rallies on Monday and Tuesday.There were mixed results for corporate earnings. In response to beating expectations, AT&T and IBM stocks spiked. In the meantime, As a result of disappointing results, Snap and Robert Half saw their shares plummet.With corporate reporting season in full swing, investors will be looking forward to Verizon's earnings before the bell.
6 Stocks Under 5 Bucks
Getting stocks under $5 a share is pretty sweet... But how do you know which stocks will be the big movers? These six low-priced stocks could deliver for investors in a big way.
Today Top Movers
Veris Residential Inc. (VRE) stock soared 24.15% to $15.42 in the pre-market trading. The company confirmed receipt of unsolicited proposals from Kushner Companies to externally manage the Company or to acquire the Company for $16.00 per share.
Calliditas Therapeutics AB (publ) (NASDAQ: CALT) shares are trading up 11.91% at $12.87 at the time of writing after publishing the nomination committee's composition for the AGM in 2023.
Cinemark Holdings Inc. (CNK) grew over 6.56% at $9.75 in pre-market trading today.
So-Young International Inc. (SY), a Health Information Services company, rose about 6.56% at $0.65 in pre-market trading Friday. The company announced receipt of withdrawal of Buyer Group’s going private proposal.
Rare Metal Discovery: Tiny Sub-$0.25 Stock Set to Deliver Gains
Smart investors are blowing away Wall Street's so-called experts on clean energy stocks. And with the green-energy revolution in full-swing, the near-term gains could be absolutely life-changing. The timing is dead-on accurate with this sub-US$0.25 stock securing an ultra-rare clean energy resource on North American soil that China doesn't want us to have.
Top Upgrades & Downgrades
Raymond James turned bullish on Juniper Networks Inc. (JNPR), upgrading the stock to Strong Buy and assigning a $37 price target, representing potential upside of 34.06% from Thursday's close.
Albertsons Companies Inc. (ACI) has won the favor of BMO Capital's equity research team. The firm upgraded the shares from Underperform to Market Perform and moved their price target to $21.
HealthEquity Inc. (HQY) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $77. They changed their rating on HQY to Neutral from Sell in a recently issued research note.
Earlier Friday Bernstein reduced its rating on Snap Inc. (SNAP) stock to Market Perform from Outperform and assigned the price target to $9.
Needham analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Rapid7 Inc. (RPD) has been changed to Hold from Buy.
Analysts at Piper Sandler downgraded The Hain Celestial Group Inc. (HAIN)'s stock to Neutral from Overweight Friday.
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Latest Insider Activity
QuantumScape Corporation (QS) Chief Development Officer Singh Mohit announced the sale of shares taking place on Oct 19 at $8.07 for some 8,500 shares. The total came to more than $68594.0.
UiPath Inc. (PATH) Chief Accounting Officer Ramani Hitesh sold on Oct 19 a total 2,100 shares at $12.10 on average. The insider’s sale generated proceeds of almost $25410.0.
Tricida Inc. (TCDA) 10% Owner Venrock Healthcare Capital Par declared the purchase of shares taking place on Oct 19 at $10.51 for some 311,466 shares. The transaction amount was around $3.27 million.
Coinbase Global Inc. (COIN) Director Lutke Tobias bought on Oct 18 a total 5,349 shares at $72.90 on average. The purchase cost the insider an estimated $389,942.
The Smart Way to Get Insanely Rich in the 2022 Gold Bull Market
Individual investors are making an absolute killing on select gold stocks in 2H '22. But what's the safest and smartest way to invest? Here's an under-the-radar Canadian gold company that's amassed over 30 million ounces of the yellow metal...worth Tens of $Billions...trading at an insanely low US$1 per share.
Important Earnings
Top US earnings releases scheduled for today include Verizon Communications Inc. (NYSE: VZ). It will announce its Sep 2022 financial results. The company is expected to report earnings of $1.29 per share from revenues of $33.78B in the three-month period.
Analysts expect Huntington Bancshares Incorporated (NASDAQ: HBAN) to report a net income (adjusted) of $0.38 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $1.84B.
Schlumberger Limited (SLB), due to announce earnings before the market openstoday, is expected to report earnings of $0.56 per share from revenues of $7.21B 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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