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- 25 Apr - ST - Morning Newsletter (with survey at top and bottom)
25 Apr - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks starting the Week Strong
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Good Morning!
The session on April 22, the main US stock markets ended in the red zone. The S&P 500 fell 2.77% to 4272 points, the Dow Jones shed 2.82% and the high-tech Nasdaq corrected 2.55%. All eleven sectors included in the broad market index closed in the red. The outsiders due to the reaction to corporate reports were producers of raw materials and materials (-3.73%), as well as the healthcare segment (-3.63%).Company news
Kimberly-Clark (KMB: +8.1%) posted better guidance on revenue, earnings and profitability. Increased annual target for organic revenue growth.
HCA Healthcare (HCA: -21.8%) reported worse-than-expected EBITDA, downgraded by 5% for the full year. There is greater than expected inflationary pressure on costs and staffing.
Verizon Communications (VZ: -5.7%) was in line with expectations, although churn was lower than expected and renewal rates were faster. The annual EPS and EBITDA forecast is set at the lower end of the previously set range.
#1 Gold Royalty Stock in New Gold Bull Market Revealed
The New Gold Bull Market is officially here! Gold just blew past $1,900 and the Smart Money is now flowing into a newly-listed US$4 gold stock that brilliantly receives a cut of global gold production without ANY of the risks, or costs, of operating a mine.
Today Top Movers
ERYTECH Pharma S.A. (ERYP) stock soared 41.8% to $1.73 in the pre-market trading after announcing the sale of its U.S. manufacturing facility to Catalent.
Cenntro Electric Group Limited (NASDAQ: CENN) shares are trading up 10.0% at $1.87 at the time of writing. The firm will announce financial results for the year ended December 31, 2021 today at 5 PM EST.
AIM ImmunoTech Inc. (AIM) grew over 14.71% at $1.17 in pre-market trading today. The company recently provided a summary of clinical data that support the synergistic potential of Ampligen® (rintatolimod) with checkpoint blockade therapies.
Silicon Motion Technology Corporation (SIMO), a Semiconductors company, rose about 5.72% at $81.5 in pre-market trading Monday following an announcement from Bloomberg that the company is considering a potential sale.
Watch These 4 Penny Stocks...
Small cap stocks - and penny stocks in particular - tend to march to the beat of their own drummer. Low-priced, "penny," stocks like these offer a great way to make money regardless of the direction of the markets as a whole...
Top Upgrades & Downgrades
Piper Sandler turned bullish on WSFS Financial Corporation (WSFS), upgrading the stock to "Overweight" and assigning a $51.00 price target, representing potential upside of 21.6% from Friday's close.
GoDaddy Inc. (GDDY) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $110.00, suggesting 31.48% additional upside for the stock.
BioMarin Pharmaceutical Inc. (BMRN) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $113.00. They changed their rating on BMRN to Overweight from Equal-Weight in a recently issued research note.
Earlier Monday Piper Sandler reduced its rating on Squarespace Inc. (SQSP) stock to Neutral from Overweight and assigned the price target to $26.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Wix.com Ltd. (WIX) has been changed to Underweight from Neutral and the new price target is set at $78.00.
Analysts at JP Morgan downgraded BankUnited Inc. (BKU)'s stock to Underweight from Neutral Monday.
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Latest Insider Activity
Fifth Third Bancorp (FITB) CEO, Chair CARMICHAEL GREG D announced the sale of shares taking place on Apr 21 at $40.05 for some 50,000 shares. The total came to more than $2,002,500 .
Blackstone Inc. (BX) 10% Owner Blackstone Holdings III L.P. sold on Apr 21 a total 5,643 shares at $32.13 on average. The insider’s sale generated proceeds of almost $181,321.
Rocket Companies Inc. (RKT) Chief Executive Officer Farner Jay declared the purchase of shares taking place on Apr 22 at $8.93 for some 22,400 shares. The transaction amount was around $200,032.
Rubius Therapeutics Inc. (RUBY) Director Epstein David R bought on Apr 21 a total 30,000 shares at $1.44 on average. The purchase cost the insider an estimated $43,329.
Don't Miss Your Chance to Get Rich in the 2022 Gold Bull Market
Gold is soaring. And smart investors are jumping into the small-cap gold sector where outsized returns are being fueled by a rising tide for precious metals in the face of rampant inflation and geopolitical turmoil. This small-cap gold explorer is trading undiscovered below US$0.25 per share. It's drilling now and already hitting high-grade gold plus silver.
Important Earnings
Top US earnings releases scheduled for today include The Coca-Cola Company (NYSE:KO). It will announce its Mar 2022 financial results. The company is expected to report earnings of $0.58 per share from revenues of $9.83B in the three-month period.
Analysts expect Activision Blizzard Inc. (NASDAQ:ATVI) to report a net income of $0.7 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $1.8B.
Otis Worldwide Corporation (OTIS), due to announce earnings before the market opens today, is expected to report earnings of $0.74 per share from revenues of $3.43B 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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