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- 22 Sep - NH - Morning Newsletter (with survey at top and bottom)
22 Sep - NH - Morning Newsletter (with survey at top and bottom)
4 Value Stocks Taking Off This Morning
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Good Morning!As traders weigh another large Federal Reserve rate hike, U.S. stock futures edged higher on Thursday morning.There was a gain of 100-points, or 0.34%, on Dow Jones Industrial Average futures. Futures for the S&P 500 and Nasdaq 100 rose by 0.28% and 0.19%, respectively.After gaining more than 300 points earlier in the day, the Dow Jones Industrial Average fell 522 points, or 1.70 percent, during the volatile regular session on Wednesday. S&P 500 declined 1.71%, and Nasdaq Composite fell 1.79%.This marks the third consecutive increase of 0.75 percentage points by the Federal Reserve. It prompted fears on Wall Street that the economy could enter a recession if policymakers continued to raise rates up to 4.6% in 2023.To combat rising prices, the central bank projects to raise its year-end interest rate to 4.4% in 2022. A weekly report on jobless claims will be released Thursday at 8:30 a.m. ET.
The $1.3 Trillion Global Pharma Industry's #1 New Disruptor?
Pharma supply chain companies are absolutely killing it. This one, in particular, recently joined the Nasdaq. With 160+ clients and vendors, they have a global network that is mind-blowing. Killer revenue growth of 40% gross profit growth of nearly 120% paints a picture of a Pharma company on the rise.
Today Top Movers
Spero Therapeutics Inc. (SPRO) stock soared 110.54% to $1.73 in the pre-market trading after after signing an exclusive licensing agreement with GSK.
Lennar Corporation (NYSE: LEN) shares are trading up 0.83% at $76.55 at the time of writing following the release of Q3 2022 results.
Faraday Future Intelligent Electric Inc. (FFIE) grew over 4.5% at $0.8431 in pre-market trading today after receiving official EPA rating for the FF 91 Futurist.
Gravity Co. Ltd. (GRVY), a Electronic Gaming & Multimedia company, jumped about 21.98% at $59.50 in pre-market trading Thursday after announcing that its subsidiary in Indonesia, PT Gravity Game Link, has officially launched Ragnarok Labyrinth NFT in global on September 22, 2022.
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.
Top Upgrades & Downgrades
UBS turned bullish on Eli Lilly and Company (LLY), upgrading the stock to "Buy" and assigning a $363.00 price target, representing potential upside of 22.44% from Wednesday's close.
Earlier Thursday JP Morgan reduced its rating on Novavax Inc. (NVAX) stock to Underweight from Neutral and assigned the price target to $27.00.
Mizuho analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Block Inc. (SQ) has been changed to Neutral from Buy and the new price target is set at $57.00.
Analysts at Wolfe Research downgraded Alcoa Corporation (AA)'s stock to Peer Perform from Outperform Thursday.
Hidden Income 'hack'
This hidden income strategy was just leaked and it can be yours now. It goes in depth about how you can start off with a small account and turn that into your own weekly paycheck. Learn how you can GAIN that extra advantage over what others aren't doing.
Latest Insider Activity
KnowBe4 Inc. (KNBE) Director Venkataraman Shrikrishna announced the sale of shares taking place on Sep 19 at $22.02 for some 86,156 shares. The total came to more than $1.9 million.
Nikola Corporation (NKLA) Chief Executive Officer RUSSELL MARK A sold on Sep 20 a total 75,000 shares at $4.57 on average. The insider’s sale generated proceeds of almost $342,826.
Freshworks Inc. (FRSH) Member of 10% owner group Accel Leaders 3 GP Associates declared the purchase of shares taking place on Sep 20 at $14.66 for some 439,708 shares. The transaction amount was around $6.45 million.
DigitalBridge Group Inc. (DBRG) Chief Operating Officer Stewart Liam bought on Sep 20 a total 3,300 shares at $15.26 on average. The purchase cost the insider an estimated $50,348.
Lithium Stocks In The Spotlight Here's a company — undiscovered by Wall Street and trading below $0.30 per share — which just recently uncovered 8 high-quality targets on unexplored ground, and drills will be turning later this year. Very few investors know about it yet… so the ground-floor opportunity below $0.30 won't be around much longer. It's a brand new breed of lithium explorer — all you need to do is click and the name and trading symbol is yours. It's all in the FREE report you can get here.
Important Earnings
Top US earnings releases scheduled for today include Accenture plc (NYSE: ACN). It will announce its Aug 2022 financial results. The company is expected to report earnings of $2.58 per share from revenues of $15.43B in the three-month period.
Analysts expect Darden Restaurants Inc. (NYSE: DRI) to report a net income (adjusted) of $1.56 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Aug 2022 is predicted to come in at $2.47B.
Costco Wholesale Corporation (COST), due to announce earnings after the market closes today, is expected to report earnings of $4.16 per share from revenues of $72.04B 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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