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24 Mar - NH - Morning Newsletter (with survey at top and bottom)

4 Trending Stocks to Trade Today

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Good Morning!

The trading session on March 23 ended with a decline in major US stock indices. The S&P 500 corrected 1.23% to 4456, the Dow Jones shed 1.29% and the Nasdaq shed 1.32%. Most sectors of the broad market index closed in the red. The exceptions were energy companies (+1.74%) and utility service providers (+0.17%). The most noticeable decline in quotations was demonstrated by the sectors of finance (-1.84) and healthcare (-1.77%).Company news

  • General Mills (GIS: +2.5%) raised its full-year key sales and earnings guidance. Management stressed the high demand and rising prices for products.

  • Tencent Holdings (TCEHY: -5.4%) posted its lowest revenue growth since 2004 due to tighter restrictions from Chinese regulators. Nevertheless, the company showed solid growth in net profit, exceeding expectations.

  • Adobe (ADBE: -9.3%) reported FY22 Q1, beating consensus revenue and earnings guidance, but management provided second-quarter guidance weaker than market expectations.  

Look at These 3 Bargain Stocks for 2022

Investors want to know where to find the best bargain stocks in 2022... There are 3 companies we found that could help your portfolio shine this year and beyond.

Today Top Movers

Nikola Corporation (NKLA) stock soared 9.41% to $10.0 in the pre-market trading after the company declared that it had started production of its electric truck.

Trip.com Group Limited (NASDAQ: TCOM) shares are trading up 5.33% at $25.3 at the time of writing after reporting unaudited Q4 and full year of 2021 financial results.

SenesTech Inc. (SNES) grew over 9.31% at $0.8337 in pre-market trading today. The company said that it will report Q4 and fiscal year 2021 financial results on Tuesday, March 29, 2022.

Energy Services of America Corporation (ESOA) is up 36.66% to $4.51 in the pre-market trading today after commencing the trade on Nasdaq yesterday.

Nikola Corporation (NKLA) stock soared 9.41% to $10.0 in the pre-market trading after the company declared that it had started production of its electric truck.

Trip.com Group Limited (NASDAQ: TCOM) shares are trading up 5.33% at $25.3 at the time of writing after reporting unaudited Q4 and full year of 2021 financial results.

SenesTech Inc. (SNES) grew over 9.31% at $0.8337 in pre-market trading today. The company said that it will report Q4 and fiscal year 2021 financial results on Tuesday, March 29, 2022.

Energy Services of America Corporation (ESOA) is up 36.66% to $4.51 in the pre-market trading today after commencing the trade on Nasdaq yesterday.

Top Upgrades & Downgrades

Keybanc turned bullish on Schnitzer Steel Industries Inc. (SCHN), upgrading the stock to Overweight and assigning a $58.00 price target, representing potential upside of 18.63% from Wednesday's close.

Johnson Controls International plc (JCI) has won the favor of Deutsche Bank's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $79.00, suggesting 21.99% additional upside for the stock.

Liberty Global plc (LBTYA) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $35.00. They changed their rating on LBTYA to Outperform from Neutral in a recently issued research note.

Earlier Thursday Morgan Stanley reduced its rating on Alcoa Corporation (AA) stock to Equal-weight from Overweight and assigned the price target to $100.00.

Berenberg analysts reduced their investment ratings, saying in research reports covered by the media that its rating for International Flavors & Fragrances Inc. (IFF) has been changed to Hold from Buy and the new price target is set at $144.00.

Analysts at Jefferies downgraded Traeger Inc. (COOK)'s stock to Hold from Buy Thursday.

How to Take Advantage of the Global Chip Shortage Today!

The global chip shortage is expected to last into 2023. The shortage has affected many industries over the past few months - from Automobiles to Telecommunications to Consumer electronics. Today investors can take advantage of this record demand by adding these 4 semiconductor stocks to their portfolio.

Latest Insider Activity

GameStop Corp. (GME) SVP, Chief Accounting Officer Saadeh-Jajeh Diana announced the sale of shares taking place on Mar 22 at $125.00 for some 743 shares. The total came to more than $92875.0.

Meta Platforms Inc. (FB) Chief Legal Officer Newstead Jennifer sold on Mar 22 a total 15,354 shares at $211.37 on average. The insider’s sale generated proceeds of almost $0.16 million.

Exelon Corporation (EXC) Director BOWERS WILLIAM P declared the purchase of shares taking place on Mar 22 at $43.56 for some 4,500 shares. The transaction amount was around $0.2 million.

Eastman Kodak Company (KODK) Director KENNEDY LEWIS MANAGEMENT LP bought on Mar 21 a total 1,920,712 shares at $6.09 on average. The purchase cost the insider an estimated $1.53 million.

5 Megatrend Stocks for 2022

These 5 stocks offer the potential to deliver significant returns in the months ahead thanks to key megatrends... They are well-positioned to deliver a high upside to investors over the next 12 to 18 months. Don't miss out on your chance to get in early.

Important Earnings

Top US earnings releases scheduled for today include Kingsoft Cloud Holdings Limited (NASDAQ:KC). It will announce its Dec 2021 financial results. The company is expected to report earnings of -$0.33 per share from revenues of $407.51M in the three-month period.

Analysts expect iClick Interactive Asia Group Limited (NASDAQ:ICLK) to report a net income of $0.01 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2021 is predicted to come in at $90.74M.

Darden Restaurants Inc. (DRI), due to announce earnings before the market opens today, is expected to report earnings of $2.1 per share from revenues of $2.51B 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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Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.