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- 27 May - NH - Morning Newsletter (with survey at top and bottom)
27 May - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Trade Before Long Weekend
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Good Morning!
On May 26, the main US stock markets ended in the green zone. The S&P 500 rose 1.99% to close at 4,058. The Nasdaq and Dow Jones indexes added 2.68% and 1.61% respectively. 10 out of 11 sectors in the S&P 500 closed in positive territory. Manufacturers of cyclical consumer goods (+4.78%) and technology companies (+2.45%) looked the best.Company news
Dollar Tree (DLTR: +21.9%) Q1, earnings, revenues and margins beat consensus expectations, with full-year EPS and revenue guidance raised.
Alibaba Group (BABA: +14.8%) reported the slowest quarterly revenue growth since anti-COVID restrictions came into effect in China. Revenue and EBITDA for the fourth fiscal quarter were able to exceed analysts' expectations, but the issuer refused to provide guidance for the full year.
Elon Musk has committed an additional $6.25 billion to finance the acquisition of Twitter (TWTR: +6.4%), bringing the businessman's total liabilities to $33.5 billion. Tesla stock margin loans have also been announced to expire.
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Today Top Movers
Adicet Bio Inc. (ACET) stock soared 18.03% to $12.11 in the pre-market trading. The company recently reported positive clinical update from ADI-001 phase 1 trial in Relapsed/Refractory Non-Hodgkin’s Lymphoma (NHL).
Dell Technologies Inc. (DELL) shares are trading up 12.38% at $49.37 at the time of writing after posting record quarterly results.
Marvell Technology Inc. (MRVL) grew over 5.28% at $60.0 in pre-market trading today. The company reported $1.447 billion net revenue in Q1, an increase of 74% year-on-year.
Oncternal Therapeutics Inc. (ONCT), a Biotechnology company, rose about 7.47% at $0.88 in pre-market trading Friday after announcing updated interim clinical data from the ongoing Phase 1/2 CIRLL clinical trial.
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
Needham turned bullish on Boston Scientific Corporation (BSX), upgrading the stock to "Buy" and assigning a $48.00 price target, representing potential upside of 19.52% from Thursday's close.
Graphic Packaging Holding Company (GPK) has won the favor of BMO Capital's equity research team. The firm upgraded the shares from Market Perform to Outperform and moved their price target to $25.00, suggesting 16.5% additional upside for the stock.
Roku Inc. (ROKU) received an upgrade from analysts at Pivotal Research, who also set their one-year price target on the stock to $80.00. They changed their rating on ROKU to Hold from Sell in a recently issued research note.
Earlier Friday Bernstein reduced its rating on CVS Health Corporation (CVS) stock to Market Perform from Outperform and assigned the price target to $112.00.
Bernstein analysts reduced their investment ratings, saying in research reports covered by the media that its rating for UnitedHealth Group Incorporated (UNH) has been changed to Market Perform from Outperform and the new price target is set at $561.00.
Analysts at Needham downgraded Medtronic plc (MDT)'s stock to Hold from Buy Friday.
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Latest Insider Activity
Kyndryl Holdings Inc. (KD) 10% Owner GOLDMAN SACHS GROUP INC announced the sale of shares taking place on May 24 at $12.20 for some 380,000 shares. The total came to more than $4.64 million.
The Goldman Sachs Group Inc. (GS) 10% Owner GOLDMAN SACHS GROUP INC sold on May 24 a total 380,000 shares at $12.20 on average. The insider’s sale generated proceeds of almost $4.64 million.
BitNile Holdings Inc. (NILE) Executive Chairman AULT MILTON C III declared the purchase of shares taking place on May 25 at $0.31 for some 2,000,000 shares. The transaction amount was around $0.63 million.
Coinbase Global Inc. (COIN) Director Ehrsam Frederick Ernest III bought on May 24 a total 30,030 shares at $60.60 on average. The purchase cost the insider an estimated $1.82 million.
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.
Important Earnings
Top US earnings releases scheduled for today include Pinduoduo Inc. (NASDAQ:PDD). It will announce its Mar 2022 financial results. The company is expected to report earnings of $0.25 per share from revenues of $3.07B in the three-month period.
Analysts expect Canopy Growth Corporation (NASDAQ: CGC) to report a net income (adjusted) of -$0.25 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $102M.
Hibbett Inc. (HIBB), due to announce earnings before the market opens today, is expected to report earnings of $3.08 per share from revenues of $427.66M 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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