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- 22 Mar - NH - Morning Newsletter (with survey at top and bottom)
22 Mar - NH - Morning Newsletter (with survey at top and bottom)
Wake Up to Winning Stocks: Early Bird Picks for Today
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Good Morning!In anticipation of the Federal Reserve's next rate hike, stock futures took a slight hit early Wednesday.There was a loss of 50 points, or 0.15%, in Dow Jones Industrial Average futures. Nasdaq 100 futures were down 0.37%, while S&P 500 futures fell 0.2%.For the second consecutive day, major averages rose in regular trading. There was an increase of 316 points, or nearly 1%, in the Dow Jones Industrial Average. In addition, the Nasdaq Composite gained 1.58% and the S&P 500 gained 1.3%.The Federal Reserve will provide its latest update on Wednesday, following a two-day policy meeting. It is expected that the central bank will increase rates by 25 basis points as part of its tightening strategy.Meanwhile, investors await an update on recent MBA mortgage purchase applications. Tencent and Winnebago are among the companies that are set to publish earnings today.
Rare Green-Metals Discovery: US$2 Stock Set to Deliver Gains
Smart investors are blowing away Wall Street's so-called "experts" on green-metals stocks. And with the clean-energy revolution in full-swing, the near-term gains could be absolutely life-changing. The timing is dead-on accurate with this US$2 stock securing a world-class green-metals resource designated as a Strategic Minerals Deposit at 5.7 Million ounces with drills turning now.
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Today Top Movers
GameStop Corp. (GME) stock soared 42.44% to $25.14 in the pre-market trading after reporting fourth quarter and fiscal year 2022 results.
Virgin Orbit Holdings Inc. (NASDAQ: VORB) shares are trading up 62.45% at $0.72 at the time of writing. This sudden boost in stock value follows a report by Reuters, which states that the company, facing financial difficulties, is close to securing a financing agreement worth $200 million with an investor named Matthew Brown from Texas.
Diebold Nixdorf Incorporated (DBD) grew over 23.59% at $0.9783 in pre-market trading today after announcing an amendment to its asset-based credit facility (ABL) to add a new $55 million first-in-last-out term loan (FILO) tranche.
Iveda Solutions Inc. (IVDA), a Security & Protection Services company, rose about 21.01% at $1.44 in pre-market trading Wednesday. The company recently announced an update following the October launch of Iveda Philippines JV (joint venture), anticipating initial 2023 deployments to be a minimum of $3 million.
Top 7 Energy Stocks for 2023
Louis Navellier aka the "King of Quants" just isolated the top 7 energy stocks in 2023 with the help of his propriety system. It's the same system that helped Louis find 676 triple digit winners... 141 gains over 1,000%... and 21 gains soaring 10,000% in his 40 years career. With so much uncertainty from our government and media... Louis trusted algorithm can be your guide towards potential earnings.
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Top Upgrades & Downgrades
Barclays turned bullish on NIKE Inc. (NKE), upgrading the stock to Overweight and assigning a $154 price target, representing potential upside of 22.57% from Tuesday's close.
PulteGroup Inc. (PHM) has won the favor of Wolfe Research's equity research team. The firm upgraded the shares from Peer Perform to Outperform and moved their price target to $64, suggesting 14.49% additional upside for the stock.
Meta Platforms Inc. (META) received an upgrade from analysts at Keybanc, who also set their one-year price target on the stock to $240. They changed their rating on META to Overweight from Sector Weigh in a recently issued research note.
Earlier Wednesday Goldman Sachs reduced its rating on Luminar Technologies Inc. (LAZR) stock to Sell from Neutral and assigned the price target to $5.
Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Altimmune Inc. (ALT) has been changed to Neutral from Buy and the new price target is set at $6.
Analysts at Wolfe Research downgraded D.R. Horton Inc. (DHI)'s stock to Peer Perform from Outperform Wednesday.
Five Top Tech Stocks to Own Now
Warren Buffett says that a "climate of fear is your friend when investing; a euphoric world is your enemy."
"The time to buy is when there's blood in the streets, even if the blood is your own."
With a good deal of fear priced into the tech sector, here are five hot stocks to consider.
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Latest Insider Activity
Oak Street Health Inc. (OSH) Chief Innovation Officer PRICE GEOFFREY M announced the sale of shares taking place on Mar 17 at $35.63 for some 37,913 shares. The total came to more than $1.35 million.
BigBear.ai Holdings Inc. (BBAI) Director Katz Avi S sold on Mar 17 a total 266,000 shares at $1.84 on average. The insider’s sale generated proceeds of almost $0.49 million.
Pfizer Inc. (PFE) 10% Owner PFIZER INC declared the purchase of shares taking place on Mar 17 at $2.76 for some 1,811,594 shares. The transaction amount was around $5.0 million.
Hudson Pacific Properties Inc. (HPP) Chief Financial Officer Diramerian Harout Krikor bought on Mar 20 a total 3,975 shares at $6.27 on average. The purchase cost the insider an estimated $24,923.
Top 5 Gold Stocks to Consider Right Now
There's still plenty of upside ahead for gold. Sure, gold may have lost some of its shine. But don't count it out just yet.
"The macro drivers from aggressive rate hikes and a strong U.S. dollar have been keeping gold below $1,800 an ounce," according to analysts at RBC Capital Markets, as noted by Kitco.com. "But the heightened geopolitical tensions could still support gold into the year-end, which is why a price tag above $2,000 is still possible this fall."
So, where you consider investing? Try these oversold gold stocks.
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Important Earnings
Top US earnings releases scheduled for today include Petco Health and Wellness Company Inc. (NASDAQ: WOOF). It will announce its Jan 2023 financial results. The company is expected to report earnings of $0.24 per share from revenues of $1.57B in the three-month period.
Analysts expect Ollie's Bargain Outlet Holdings Inc. (NASDAQ: OLLI) to report a net income (adjusted) of $0.79 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2023 is predicted to come in at $542.18M.
Edible Garden AG Incorporated (EDBL), due to announce earnings before the market opens today, is expected to report earnings of -$6.43 per share from revenues of $3.19M 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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