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- 26 Apr - ST - Morning Newsletter (with survey at top and bottom)
26 Apr - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Watch Right Now
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Good Morning!
On April 25, the main US stock markets ended in the green zone. The S&P 500 rose 0.57% to 4296 points, the Dow Jones rose 0.7% and the high-tech Nasdaq added 1.29%. Telecoms (+1.53%) and IT companies (+1.44%) showed the best dynamics. The energy sector turned out to be an outsider (-3.34%).Company news
PS Business Parks (PSB: +11.8%) to be acquired by BX for $7.6 billion in cash. Most likely, the transaction will be closed in the third quarter.
Rumor has it that Match Group (MTCH: +6.7%) could become a potential takeover target for Meta (Meta Platforms Inc.'s Facebook and Instagram products are banned in the Russian Federation on grounds of extremist activity).
Twitter (TWTR: +5.7%) confirmed the conclusion of a definitive agreement to sell the social network to Elon Musk for $44 billion.
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Today Top Movers
Avadel Pharmaceuticals plc (AVDL) stock soared 18.76% to $5.0 in the pre-market trading after announcing interim data from the Open-Label RESTORE study at the 2022 American Academy of Neurology Annual Meeting.
Venator Materials PLC (NYSE: VNTR) shares are trading up 17.98% at $2.1 at the time of writing.The company recently reported that they received $85 million in cash from Tronox pursuant to its settlement agreement.
Iterum Therapeutics plc (ITRM) grew over 6.5% at $0.2899 in pre-market trading today after the company presented data at the 32nd European Congress of clinical microbiology and infectious diseases.
ObsEva SA (OBSV), a Biotechnology company, rose about 6.33% at $1.68 in pre-market trading Tuesday after reporting confirmation of positive CHMP opinion for Linzagolix, an Oral GnRH Antagonist, for the treatment of Uterine Fibroids.
Watch These 4 Penny Stocks...
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Top Upgrades & Downgrades
Piper Sandler turned bullish on Capital City Bank Group Inc. (CCBG), upgrading the stock to "Overweight" and assigning a $31.50 price target, representing potential upside of 24.41% from Monday's close.
Twitter Inc. (TWTR) has won the favor of Stifel's equity research team. The firm upgraded the shares from Sell to Hold and moved their price target to $54.2, suggesting 4.84% additional upside for the stock.
Baker Hughes Company (BKR) received an upgrade from analysts at HSBC, who also set their one-year price target on the stock to $38.30. They changed their rating on BKR to Buy from Hold in a recently issued research note.
Earlier Tuesday Piper Sandler reduced its rating on Redfin Corporation (RDFN) stock to Underweight from Overweight and assigned the price target to $11.00.
Raymond James analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Zions Bancorporation National Association (ZION) has been changed to Market Perform from Strong Buy.
Analysts at Stifel downgraded NextDecade Corporation (NEXT)'s stock to Sell from Hold Tuesday.
#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.
Latest Insider Activity
Kinder Morgan Inc. (KMI) V.P. (President, Terminals) Schlosser John W announced the sale of shares taking place on Apr 25 at $18.51 for some 1,500 shares. The total came to more than $27762.0.
Truist Financial Corporation (TFC) Director KING KELLY S sold on Apr 21 a total 29 shares at $52.55 on average. The insider’s sale generated proceeds of almost $1508.0.
The Charles Schwab Corporation (SCHW) CEO Bettinger Walter W declared the purchase of shares taking place on Apr 25 at $69.49 for some 36,640 shares. The transaction amount was around $2.55 million.
Xerox Holdings Corporation (XRX) 10% Owner ICAHN CARL C bought on Apr 25 a total 783,900 shares at $17.17 on average. The purchase cost the insider an estimated $13.46 million.
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Important Earnings
Top US earnings releases scheduled for today include JetBlue Airways Corporation (NASDAQ:JBLU). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.87 per share from revenues of $1.74B in the three-month period.
Analysts expect Corning Incorporated (NYSE:GLW) to report a net income (adjusted) of $0.5 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $3.55B.
Valero Energy Corporation (VLO), due to announce earnings before the market opens today, is expected to report earnings of $1.66 per share from revenues of $27.69B 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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