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23 May - ST - Morning Newsletter (with survey at top and bottom)
3 Hot Stocks to Trade Right Now
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Good Morning!
Futures for major US stock indices are surging on Monday on the general optimism, according to trading data.Futures for the Dow Jones Industrial Index (DJIA) are growing by 0.77%, to 31453 points, futures for the NASDAQ high-tech index - by 0.64%, to 11916.75 points, for the S&P 500 broad market index - by 0.8%, up to 3930.5 points.On Monday, investors are risk averse. Asia-Pacific stock exchanges closed mainly with growth, while European ones also showed positive dynamics. Optimism on the markets (in particular, Asian and American) was added by the news around duties on imports of goods from China. US President Joe Biden confirmed that the possibility of removing tariffs on imports of certain goods from China, introduced under the previous US President Donald Trump, "is under consideration."
Smart-Money Driving Small-Cap Uranium Stocks to Dizzying Heights
The 2022 Uranium Bull Market has arrived and it looks like one for the history books. Just like last time when investors watched the Uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjá Vu All Over Again!' because this US$4 Uranium stock just secured royalty interests on the two largest and richest high-grade uranium mines on the planet.
Today Top Movers
VMware Inc. (VMW) stock soared 21.2% to $116.0 in the pre-market trading after announcing that CRN®, a brand of The Channel Company, has included 49 VMware leaders in the 2022 Women of the Channel list.
SIGA Technologies Inc. (NASDAQ: SIGA) shares are trading up 23.79% at $15.35 at the time of writing. The company received approval from the FDA for Intravenous (IV) formulation of TPOXX® (tecovirimat).
Kala Pharmaceuticals Inc. (KALA)
grew over 13.38% at $0.733 in pre-market trading today after reporting that it has entered into a definitive agreement to sell its commercial portfolio and related intellectual property assets to Alcon Inc.
Free Report: Forever Stocks: The Top 5 Stocks That Should be in All Portfolios
For many investors, a long-term buy and hold strategy is a great choice.
Especially if you can find top notch companies, with a solid history of returns, or ones that could get red hot with supply demand issues.
Look at Apple, Microsoft, Amazon.com, or even Meta Platforms for proof.
In fact, we've found five you may want to consider holding forever.
Top Upgrades & Downgrades
Morgan Stanley turned bullish on Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB), upgrading the stock to "Overweight" and assigning a $71.00 price target, representing potential upside of 26.51% from Friday's close.
PetroChina Company Limited (PTR) has won the favor of Citi's equity research team. The firm upgraded the shares from Sell to Neutral.
CubeSmart (CUBE) received an upgrade from analysts at Raymond James. They changed their rating on CUBE to Strong Buy from Outperform in a recently issued research note.
Earlier Friday Piper Sandler reduced its rating on Dow Inc. (DOW) stock to Neutral from Overweight.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for LyondellBasell Industries N.V. (LYB) has been changed to Neutral from Overweight and the new price target is set at $115.00.
Analysts at Citi downgraded China Petroleum & Chemical Corporation (SNP)'s stock to Sell from Buy Tuesday.
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
Block Inc. (SQ) Square Lead Henry Alyssa announced the sale of shares taking place on May 18 at $83.38 for some 30,770 shares. The total came to more than $2.57 million.
Toast Inc. (TOST) 10% Owner Technology Investment Dining G sold on May 19 a total 3,600,000 shares at $14.00 on average. The insider’s sale generated proceeds of almost $50.4 million.
The Beachbody Company Inc. (BODY) See Remarks Daikeler Carl declared the purchase of shares taking place on May 19 at $1.27 for some 102,000 shares. The transaction amount was around $0.13 million.
Purple Innovation Inc. (PRPL) Director Coliseum Capital Management, L bought on May 20 a total 2,178,000 shares at $4.84 on average. The purchase cost the insider an estimated $2.18 million.
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.
Important Earnings
Top US earnings releases scheduled for today include Star Equity Holdings Inc. (NASDAQ:STRR). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.15 per share from revenues of $25.45M in the three-month period.
Analysts expect Sonida Senior Living Inc. (NYSE:SNDA) to report a net income (adjusted) of -$4.84 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $60.7M.
Zoom Video Communications Inc. (ZM), due to announce earnings after the market closes today, is expected to report earnings of $0.87 per share from revenues of $1.07B 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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