- Stocks Telegraph
- Posts
- 28 June - NH - Morning Newsletter (with survey at top and bottom)
28 June - NH - Morning Newsletter (with survey at top and bottom)
4 Best Stocks to Watch Right Now
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
At the end of the session on June 27, the major US stock markets finished in the red. On the S&P 500 index, prices fell 0.3% to close at 3,900. There was a decline of 0.72% on the Nasdaq and 0.2% on the Dow Jones. Energy shares (+2.78%) led the gains. Stocks of companies producing cyclical consumer goods (-1.09%) and telecoms (-1.05%) did worse than the market. Corporate highlight:
FTX's Sam Bankman-Fried is rumored to be considering a deal with Robinhood (HOOD: +14%).
Bloomberg reported that Investindustrial is in exclusive talks to acquire Treehouse Foods (THS: +2.3%). The cost of division can make approximately $1.3 billion.
Digital World Acquisition (DWAC: -9.6%) announced that it has received additional subpoenas as part of an investigation previously announced by the federal Grand Jury and warned that this fact (along with investigations by the US Department of Justice and the Securities and Exchange Commission) could significantly delay / make it difficult to merge with Trump Media & Technology Group or even prevent this deal.
Retirement Might Be Closer Than You Thought!
Are you working toward retirement but want to get there faster? Did you know there is a trade doing that for thousands of people?
"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!
Today Top Movers
Kezar Life Sciences Inc. (KZR) stock soared 74.74% to $10.1 in the pre-market trading after announcing positive topline results from the MISSION phase 2 trial evaluating Zetomipzomib for the treatment of patients with Lupus Nephritis.
Sutro Biopharma Inc. (NASDAQ: STRO) shares are trading up 30.48% at $5.65 at the time of writing following the announcement of the worldwide strategic collaboration with Astellas to advance novel immunostimulatory antibody-drug conjugates.
Ceragon Networks Ltd. (CRNT) grew over 17.7% at $2.46 in pre-market trading today after Aviat Networks Inc. (AVNW) offered to acquire the wireless telecom equipment company and shake up its board.
Trip.com Group Limited (TCOM), a Travel Services company, rose about 16.81% at $28.7 in pre-market trading Tuesday. The company recently reported unaudited 1st quarter of 2022 financial results.
Leaked tax return reveals secret to pocketing $460,164...
Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits.
Top Upgrades & Downgrades
Stifel turned bullish on Microchip Technology Incorporated (MCHP), upgrading the stock to "Buy" and assigning a $75 price target, representing potential upside of 23.62% from Monday's close.
Riot Blockchain Inc. (RIOT) has won the favor of Compass Point's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $14, suggesting 186.3% additional upside for the stock.
Molson Coors Beverage Company (TAP) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $54. They changed their rating on TAP to Neutral from Sell in a recently issued research note.
Earlier Tuesday UBS reduced its rating on Farfetch Limited (FTCH) stock to Neutral from Buy and assigned the price target to $10.
Mizuho analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Portland General Electric Company (POR) has been changed to Neutral from Buy and the new price target is set at $50.
Analysts at Deutsche Bank downgraded State Street Corporation (STT)'s stock to Hold from Buy Tuesday.
Top 5 Stocks with Strong Insider Buying
One of the best ways to spot potential opportunity is by tracking insiders.
After all, who knows the company better than an insider - the CEO, CFO, COO, officers, employees, and directors? If they're buying a sizable number of shares, it's often a good idea to start looking into why and perhaps follow them into the stock. Here are five stocks seeing a good share of insider buying in recent weeks.
Latest Insider Activity
Toast Inc. (TOST) 10% Owner Technology Investment Dining G announced the sale of shares taking place on Jun 27 at $14.72 for some 341,156 shares. The total came to more than $5.02 million.
Hycroft Mining Holding Corporation (HYMC) 10% Owner Sprott Eric sold on Jun 24 a total 5,000,000 shares at $1.27 on average. The insider’s sale generated proceeds of almost $6.38 million.
Transocean Ltd. (RIG) Director CHANG VANESSA C L declared the purchase of shares taking place on Jun 23 at $3.21 for some 12,300 shares. The transaction amount was around $39483.0.
Chesapeake Energy Corporation (CHK) EVP & COO Viets Joshua J. bought on Jun 23 a total 1,700 shares at $75.19 on average. The purchase cost the insider an estimated $127,820.
Hidden Income 'hack'
This hidden income strategy was just leaked and it can be yours now. It goes in depth about how you can start off with a small account and turn that into your own weekly paycheck. Learn how you can GAIN that extra advantage over what others aren't doing.
Important Earnings
Top US earnings releases scheduled for today include Cognyte Software Ltd. (NASDAQ: CGNT). It will announce its Apr 2022 financial results. The company is expected to report earnings of $0.1 per share from revenues of $112.6M in the three-month period.
Analysts expect Roivant Sciences Ltd. (NASDAQ: ROIV) to report a net income (adjusted) of -$0.32 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $13.35M.
TD SYNNEX Corporation (SNX), due to announce earnings before the market opens today, is expected to report earnings of $2.65 per share from revenues of $15.25B recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.