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- 27 Mar - NH - Morning Newsletter (with survey at top and bottom)
27 Mar - NH - Morning Newsletter (with survey at top and bottom)
Stay Informed, Stay Ahead: The Morning Market Watch
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Good Morning!On Monday, stock futures increased slightly, setting the stage for Wall Street to continue building on last week's progress.Futures linked to the Dow Jones Industrial Average rose 92 points, or 0.3%, with S&P 500 futures up 0.3% and Nasdaq-100 futures up 0.1%.In premarket trading, SPDR S&P Regional Banking ETF (KRE) climbed more than 2%, with First Republic being the top-performing stock in the fund, soaring more than 24%, and PacWest also gaining more than 9%. Despite volatility due to the Federal Reserve's recent interest rate hike and the ongoing bank crisis, Wall Street had a successful week. The Nasdaq Composite led the major indexes upward with a 1.7% gain, followed by the S&P 500, which rose 1.4%, and the Dow, which increased by 1.2%.Meanwhile, the central bank's announcement of a quarter-point interest rate hike was in line with Wall Street's expectations, but it also hinted at the possibility of an end to interest rate hikes.
20-cent Gold Stock Has Backing of Major Gold Producers
The 2023 gold bull market has arrived as nervous investors continue to flock to the safety of the yellow metal. Yet, the biggest gains won't be in gold...they'll be in the tiny small-cap explorers like this one: multiple drill programs being funded by major gold producers and trading completely undiscovered below US$0.20 per share.
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Today Top Movers
First Citizens BancShares Inc. (FCNCA) stock N/A 0.0% to $582.55 in the pre-market trading after its subsidiary First-Citizens Bank & Trust Company entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership substantially all loans and certain other assets.
Berkshire Grey Inc. (NASDAQ: BGRY) shares are trading up 18.42% at $1.35 at the time of writing. The company recently announced definitive merger agreement with SoftBank Group for go-private transaction.
Silvergate Capital Corporation (SI) grew over 16.86% at $2.01 in pre-market trading today as SVB deal news lifts banking shares on Monday,
First Republic Bank (FRC), a Banks - Regional company, rose about 28.64% at $15.9 in pre-market trading Monday.
Top 7 Energy Stocks for 2023
Louis Navellier aka the "King of Quants" just isolated the top 7 energy stocks in 2023 with the help of his propriety system. It's the same system that helped Louis find 676 triple digit winners... 141 gains over 1,000%... and 21 gains soaring 10,000% in his 40 years career. With so much uncertainty from our government and media... Louis trusted algorithm can be your guide towards potential earnings.
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Top Upgrades & Downgrades
Citigroup turned bullish on KeyCorp (KEY), upgrading the stock to Buy and assigning a $20 price target, representing potential upside of 68.63% from Friday's close.
Corning Incorporated (GLW) 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 $38, suggesting 15.61% additional upside for the stock.
Equinix Inc. (EQIX) received an upgrade from analysts at BMO Capital, who also set their one-year price target on the stock to $785. They changed their rating on EQIX to Outperform from Market Perform in a recently issued research note.
Earlier Monday BMO Capital reduced its rating on Digital Realty Trust Inc. (DLR) stock to Market Perform from Outperform and assigned the price target to $100.
Baird analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Caterpillar Inc. (CAT) has been changed to Underperform from Neutral and the new price target is set at $185.
Analysts at Baird downgraded United Rentals Inc. (URI)'s stock to Underperform from Neutral Monday.
Rare Green-Metals Discovery: US$2 Stock Set to Deliver Gains
Smart investors are blowing away Wall Street's so-called "experts" on green-metals stocks. And with the clean-energy revolution in full-swing, the near-term gains could be absolutely life-changing. The timing is dead-on accurate with this US$2 stock securing a world-class green-metals resource designated as a Strategic Minerals Deposit at 5.7 Million ounces with drills turning now.
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Latest Insider Activity
Apple Inc. (AAPL) COO WILLIAMS JEFFREY E announced the sale of shares taking place on Mar 22 at $159.76 for some 187,730 shares. The total came to more than $29.99 million.
Micron Technology Inc. (MU) EVP, Technology & Products Deboer Scott J sold on Mar 22 a total 20,000 shares at $60.00 on average. The insider’s sale generated proceeds of almost $1.2 million.
Uranium Energy Corp. (UEC) President and CEO Adnani Amir declared the purchase of shares taking place on Mar 24 at $2.66 for some 60,000 shares. The transaction amount was around $0.16 million.
Hudson Pacific Properties Inc. (HPP) Chief Financial Officer Diramerian Harout Krikor bought on Mar 20 a total 3,975 shares at $6.27 on average. The purchase cost the insider an estimated $24,923.
5 Patriotic Stocks Set to Skyrocket
Republicans have been quietly putting their money into these 5 stocks over the last year, resulting in gains of 40%, 50%, and 52%... all while most Americans were losing money in the markets. Today, Wall Street icon Louis Navellier is giving away the dossier of stocks – FOR FREE.
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Important Earnings
Top US earnings releases scheduled for today include Carnival Corporation & plc (NYSE: CCL). It will announce its Feb 2023 financial results. The company is expected to report earnings of -$0.6 per share from revenues of $4.33B in the three-month period.
Analysts expect H World Group Limited (NASDAQ: HTHT) to report a net income (adjusted) of $0.17 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2022 is predicted to come in at $545.72M.
BioNTech SE (BNTX), due to announce earnings before the market opens today, is expected to report earnings of $8.61 per share from revenues of $4.25B 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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