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- 26 May - NH - Morning Newsletter (with survey at top and bottom)
26 May - NH - Morning Newsletter (with survey at top and bottom)
4 Active Premarket Stocks To Trade Today
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Good Morning!
The trading session on May 25 on US stock exchanges closed in the green zone. The S&P 500 rose 0.95% to 3979, the Nasdaq added 1.51% and the Dow Jones 0.6%. All sectors included in the broad market index ended the day in positive territory. The growth leaders were the sector of cyclical consumer goods (+2.78%) and energy companies (+1.96%).Company news
Potential buyers of Kohl's (KSS: +11.89%) are ready to submit bids to acquire the retailer over the next two weeks, although Reuters reports that the offer price is down 10-15% on a correction in quotes and a weak quarterly report.
Nvidia (NVDA: +5.08%) reported better than consensus, posting record revenue. However, the management presented a restrained guideline, noting the slowdown in the gaming segment and the negative impact of macroeconomic factors. In this regard, the company plans to slow down the expansion of the staff and reduce costs.
Deere & Co. (DE: +1.76%) increased its quarterly dividend by 8% to $1.13 per share, providing a forward yield of 1.33%.
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.
Today Top Movers
Twitter Inc. (TWTR) stock soared 5.49% to $39.2 in the pre-market trading as Elon Musk committing another $6.25B to Twitter bid.
Redbox Entertainment Inc. (NASDAQ: RDBX) shares are trading up 6.35% at $7.2 at the time of writing following the acquisition of North American Rights to WWII Action-Drama Come Out Fighting
Williams-Sonoma Inc. (WSM) grew over 9.15% at $125.5 in pre-market trading today after releasing record first quarter results.
Splunk Inc. (SPLK), a Software - Infrastructure company, rose about 5.24% at $98.0 in pre-market trading Thursday. The company declared fiscal first quarter 2023 financial results.
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.
Top Upgrades & Downgrades
Jefferies turned bullish on POINT Biopharma Global Inc. (PNT), upgrading the stock to "Buy" and assigning a $20.00 price target, representing potential upside of 178.55% from Wednesday's close.
Lululemon Athletica Inc. (LULU) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $303.00, suggesting 16.24% additional upside for the stock.
TuSimple Holdings Inc. (TSP) received an upgrade from analysts at China Renaissance, who also set their one-year price target on the stock to $15.50. They changed their rating on TSP to Buy from Hold in a recently issued research note.
Earlier Thursday Stifel reduced its rating on Hoegh LNG Partners LP (HMLP) stock to Hold from Buy and assigned the price target to $9.25.
BMO Capital analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Robert Half International Inc. (RHI) has been changed to Market Perform from Outperform and the new price target is set at $80.00.
Analysts at JP Morgan downgraded ProPetro Holding Corp. (PUMP)'s stock to Underweight from Overweight Thursday.
Nevada Desert more Valuable than Wall Street or Silicon Valley?
It could be true, according to Nevada Governor Steve Sisolak. The state's desert flats contain more lithium than any other geography in the world. And with electric vehicles driving a global boom in demand for lithium-ion batteries, Nevada should be on every investor's radar.
Latest Insider Activity
Radian Group Inc. (RDN) Director Mumford Lisa announced the sale of shares taking place on May 17 at $21.60 for some 2,393 shares. The total came to more than $51689.0.
Genco Shipping & Trading Limited (GNK) Chief Operations Officer Hughes Robert E sold on May 24 a total 3,500 shares at $24.79 on average. The insider’s sale generated proceeds of almost $86767.0.
Liquidia Corporation (LQDA) Chief Operations Officer Lippe Robert A declared the purchase of shares taking place on May 24 at $3.38 for some 29,628 shares. The transaction amount was around $99997.0.
Alphabet Inc. (GOOG) Member of 10% Group GV 2021 GP, L.L.C. bought on May 24 a total 13,528 shares at $33.72 on average. The purchase cost the insider an estimated $456,149.
Retirement Might Be Closer Than You Thought!
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"How To Master The Retirement Trade" by options expert Dave Aquino will guide you through the early morning 'retirement window' trading hour and get you to your goals faster!
Important Earnings
Top US earnings releases scheduled for today include Macy's Inc. (NYSE:M). It will announce its Apr 2022 financial results. The company is expected to report earnings of $0.82 per share from revenues of $5.33B in the three-month period.
Analysts expect Alibaba Group Holding Limited (NYSE: BABA) to report a net income (adjusted) of $1.1 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $29.94B.
Dollar General Corporation (DG), due to announce earnings before the market opens today, is expected to report earnings of $2.31 per share from revenues of $8.7B 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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