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- 26 Oct - Morning Newsletter (with changes)
26 Oct - Morning Newsletter (with changes)
4 Must-Watch Stocks for Today
Good Morning!
Trading on October 25 at American stock markets ended in the green zone. The S&P 500 Index added 0.47% to 4566 points, the Nasdaq rose 0.90% and the Dow Jones added 0.18%. After a shaky start, the S&P 500 consolidated in positive territory throughout the day. 9 of the 11 sectors in the broad market index were in positive territory. Growth companies outperformed value companies. Outperforms were the sectors of cyclical consumer goods (+ 2.11%), energy companies (+ 1.44%) and materials (+ 0.45%). The shares of utility companies (-0.43%) and the financial sector (-0.15%) went into negative territory.Company News:
Hertz confirms order for 100,000 Tesla vehicles by 2022.
PayPal said it is not currently preparing a takeover deal for Pinterest.
Kimberly-Clark posted third-quarter adjusted earnings below analysts' estimates.
Stock markets continue to be supported by news that Democrats are ready to agree on a social spending package this week. In addition, a vote is expected on a $ 1 trillion "bipartisan" infrastructure reform plan. The cyclical consumer goods sector took the lead with Tesla, which reached $ 1 trillion in market capitalization, amid strong quarterly results and news of the largest electric vehicle order from Hertz.
Crisis Of Low Supply, High Demand Means Big OpportunityRight now helium is one of world's best investments. It's Earth's most nonrenewable resource and it's fast running out. That's a crisis because helium is a critical in medical diagnostics, military weapons, and semiconductors, which are the chips that run all the 21st century's gadgets, appliances, and vehicles.
Today Top Movers
Diginex Limited (EQOS) stock soared 55.79% to $6.73 in the pre-market trading after announcing that it has listed the Polkadot (DOT) token on its platform.Progenity Inc. (NASDAQ: PROG) shares are trading up 42.9% at $4.83 at the time of writing. This week it's the second time the stock saw a significant rally after retail investors piled in for a short squeeze.Ocugen, Inc. (OCGN) grew over 25.80% at $11.75 in pre-market trading today. A request for emergency use listing (EUL) for the Covaxin vaccine is currently being evaluated by WHO. A key regulatory decision should come before the end of October, or even next Tuesday during the WHO's next technical advisory group meeting.Redbox Entertainment Inc. (RDBX) is up 68.07% at $20.00 in pre-market trading today. Redbox is set for a fierce streaming war as it started trading Monday after completing a merger with Seaport Global Acquisition.
Quickest Path to Riches in the 2021 Gold Bull Market RevealedGold is booming and smart investors are already cashing in on the #1 Gold Investment of 2021. Yet, you haven't missed the boat. As the Biden administration blows up the federal deficit with $6 Trillion in spending, gold will be the biggest beneficiary as inflation soars.See how this ultra-low-priced US$0.25 gold stock offers investors big-time gains without having to mine a single ounce of gold.
Top Upgrades & Downgrades
Cowen turned bullish on Bally's Corporation (BALY), upgrading the stock to "Outperform" and assigning a $75.00 price target, representing potential upside of 53.06% from Monday's close.
The RealReal Inc. (REAL) has won the favor of Raymond James' equity research team. The firm upgraded the shares from Market Perform to Outperform and moved their price target to $19.00, suggesting 46.37% additional upside for the stock.
Coty Inc. (COTY) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $11.00. They changed their rating on COTY to Buy from Hold in a recently issued research note.
Earlier Tuesday Credit Suisse reduced its rating on Beyond Meat Inc. (BYND) stock to Underperform from Neutral and assigned the price target to $75.00.
Keybanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Winnebago Industries Inc. (WGO) has been changed to Sector Weight from Overweight.
Analysts at Keybanc downgraded Thor Industries Inc. (THO)'s stock to Sector Weight from Overweight Tuesday.
Early Profit-Advantage on Sub-$1 Stock as Uranium SoarsThe Uranium Bull Market has finally arrived and it could be one for the history books. Just like last time when we watched the uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjà vu All Over Again!' because this below-the-radar company has secured the fairway tract of land in the Saudi Arabia of Uranium - Canada's famed Athabasca Basin.
Latest Insider Activity
salesforce.com inc. (CRM) President and CFO Weaver Amy E announced the sale of shares taking place on Oct 25 at $293.19 for some 510 shares. The total came to more than $0.15 million.
C3.ai Inc. (AI) Chief Technology Officer ABBO EDWARD Y sold on Oct 21 a total 61,287 shares at $47.65 on average. The insider’s sale generated proceeds of almost $1.65 million.
Context Therapeutics Inc. (CNTX) Chief Executive Officer Lehr Martin A. declared the purchase of shares taking place on Oct 22 at $5.00 for some 10,000 shares. The transaction amount was around $50000.0.
The Vita Coco Company Inc. (COCO) Chief Operating Officer Burth Jonathan bought on Oct 25 a total 498,694 shares at $15.00 on average. The purchase cost the insider an estimated $9,990.
Next Big Tech Trend Will Put Well Known Businesses in Bankruptcy.Legend who bought Amazon at $48 says there's a huge new tech trend coming to your hometown - which could make you a small fortune over the next few years.And today he's revealing the name and stock ticker symbol of his favorite way to make money from this trend for FREE
Important Earnings
Top US earnings releases scheduled for today include Advanced Micro Devices Inc. (NASDAQ:AMD). It will announce its Sep 2021 financial results. The company is expected to report earnings of $0.67 per share from revenues of $4.12B in the three-month period.
Analysts expect Microsoft Corporation (NASDAQ:MSFT) to report a net income (adjusted) of $2.07 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2021 is predicted to come in at $43.97B.
Twitter Inc. (TWTR), due to announce earnings after the market closes today, is expected to report earnings of $0.15 per share from revenues of $1.28B 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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