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- 22 Oct - Morning Newsletter (with changes)
22 Oct - Morning Newsletter (with changes)
4 Hot Stocks Closing the Week Strong
Good Morning!
The S&P 500 ended 0.30% higher yesterday at 4,549, reaching a new all-time high . The correction was limited to less than 6% and the stock market took much lesser time to recover than the decline. This is a powerful sign and may indicate that there is much more in the barrel. At the same time, bonds are being sold and the US 10-year yield is rising towards 1.70%. As a result, the Nasdaq is lagging somewhat, but the technology market is also only 1.3% away from a new all-time high.After the fair, however, the enthusiasm was supplanted by serious setbacks. Intel presented worse-than-expected quarterly results, pointing to the global chip shortage. However, investors punished the share harshly and Intel lost more than 8% in after-hours trading .
Early Profit-Advantage on Sub-$1 Stock as Uranium SoarsThe Uranium Bull Market has finally arrived and it could be one for the history books. Just like last time when we watched the uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjà vu All Over Again!' because this below-the-radar company has secured the fairway tract of land in the Saudi Arabia of Uranium - Canada's famed Athabasca Basin.
Today Top Movers
Phunware Inc. (PHUN) stock soared 230.72% to $5.06 in the pre-market trading The company recently announced it has formally closed the acquisition of privately-held Lyte Technology.
Our newsletter yesterday mentioned DWAC stock, which closed up at the end. There is a good chance that this stock will rise further today, making your weekend even more enjoyable. Digital World Acquisition Corp. (DWAC) is up 48.90% to $67.75 in premarket trading today after declaring a plan to merge with Trump Media Technology Group.
Creatd Inc. (NASDAQ: CRTD) shares are trading up 80.14% at $5.26 at the time of writing. The company debuted an updated packaging of the Camp (formerly called Plant Camp).
Advanced Micro Devices Inc. (AMD) grew over 1.94% at $121.65 in pre-market trading today after announcing Ryzen Threadripper PRO processors will help power the new GeForce NOW RTX 3080 membership tier from NVIDIA.
Gold Discovery: US$0.25 Gold Stock Set to Deliver GainsGold & copper are rising! And smart investors are loading up on a tiny mining firm trading undiscovered by Wall St below 25 cents a share. Led by an incredible team of mining professionals, this upstart firm is already hitting high-grade gold-copper with every turn of the drill. It's one of those rare opportunities where the next drill hole could send the company's shares upward by several-fold.
Top Upgrades & Downgrades
Jefferies turned bullish on GasLog Partners LP (GLOP), upgrading the stock to "Buy" and assigning a $6.50 price target, representing potential upside of 43.55% from Thursday's close.
Tri Pointe Homes Inc. (TPH) has won the favor of RBC Capital's equity research team. The firm upgraded the shares from Undererform to Sector Perform and moved their price target to $25.00, suggesting 4.43% additional upside for the stock.
Zoom Video Communications Inc. (ZM) received an upgrade from analysts at JP Morgan. They changed their rating on ZM to Overweight from Neutral in a recently issued research note.
Earlier Friday UBS reduced its rating on Intel Corporation (INTC) stock to Neutral from Buy and assigned the price target to $58.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Ally Financial Inc. (ALLY) has been changed to Neutral from Overweight and the new price target is set at $59.00.
Analysts at JP Morgan downgraded PPG Industries Inc. (PPG)'s stock to Neutral from Overweight Friday.
The Next Tesla?Could THIS be the next TESLA?This private Silicon Valley startup is backed by early investors of Google, Paypal, Uber, and more.It's set to solve a worldwide problem that could help save millions of lives per year...And it could make you up to 10x your money in the coming months.
Latest Insider Activity
GBS Inc. (GBS) 10% Owner Life Science Biosensor Diagnos announced the sale of shares taking place on Oct 19 at $2.25 for some 16,326 shares. The total came to more than $36734.0.
AppLovin Corporation (APP) Chief Technology Officer Shikin Vasily sold on Oct 19 a total 2,867,035 shares at $94.70 on average. The insider’s sale generated proceeds of almost $2.84 million.
Lamb Weston Holdings Inc. (LW) Director NIBLOCK ROBERT A declared the purchase of shares taking place on Oct 20 at $56.40 for some 2,500 shares. The transaction amount was around $0.14 million.
Petros Pharmaceuticals Inc. (PTPI) Director SHULMAN JOHN D bought on Oct 18 a total of 5,057,771 shares at $1.72 on average. The purchase cost the insider an estimated $2.85 million.
Stock Market Whiz Kid Works 1 Hour a Day. Makes Millions.He was living with his parents. Two years later he had $5 million to play with - all because of this 1 EXTRA INCOME strategy.
Important Earnings
Top US earnings releases scheduled for today include Cleveland-Cliffs Inc. (NYSE:CLF). It will announce its Sep 2021 financial results. The company is expected to report earnings of $2.26 per share from revenues of $5.64B in the three-month period.
Analysts expect Schlumberger Limited (NYSE:SLB) to report a net income (adjusted) of $0.3 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2021 is predicted to come in at $5.09B.
American Express Company (AXP), due to announce earnings before the market opens today, is expected to report earnings of $1.8 per share from revenues of $10.52B 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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