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- 28 Oct - NH - Morning Newsletter (with survey at top and bottom)
28 Oct - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks Closing the Week Strong
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Good Morning!A disappointing earnings report from Amazon added to the already pressured Nasdaq 100 futures Friday.The Nasdaq futures fell 0.84%, Dow Jones Industrial Average futures slided fractionally, and S&P 500 futures dropped 0.53%.The shares of Amazon dropped sharply in extended trading after the company not just posted subpar Q3 revenue and but also issued downbeat Q4 sales guidance.After Apple reported below-estimated iPhone revenue, its shares initially fell, but have since rebounded. In terms of revenue and earnings, the company still managed to top estimates.In the meantime, S&P and Dow are projected to end the week with about 3% and 1.5% gains, respectively. There will be a slight decline in the Nasdaq.It will be a quieter Friday in terms of earnings reports. After digesting the tech massacre, investors will have Chevron and Exxon Mobil on deck before the bell, along with AbbVie and Colgate-Palmolive.
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Today Top Movers
HeartCore Enterprises Inc. (HTCR) stock soared 13.25% to $1.71 in the pre-market trading after announcing that its has entered into license agreement with tanscosmos dgital technology for its Apromore Process Mining Tool.
Data I/O Corporation (NASDAQ: DAIO) shares are trading up 14.61% at $3.53 at the time of writing following the reports of its Q3 2022 results.
JAKKS Pacific Inc. (JAKK) grew over 13.51% at $20.0 in pre-market trading today. The company recently declared third quarter 2022 financial results.
Pinterest Inc. (PINS), a Internet Content & Information company, rose about 9.18% at $23.9 in pre-market trading Friday after reporting an increase of 8% in Q3 year over year revenues to $685M.
Free Report: Top Stocks to Consider Heading Into the 2022 Midterms
With midterm elections around the corner, the only certainty is uncertainty.
And while we can't say which party is the likely winner, we can point you in the direction of several stocks that could blast higher once the smoke clears.
Top Upgrades & Downgrades
TPiper Sandler turned bullish on Gilead Sciences Inc. (GILD), upgrading the stock to "Overweight" and assigning a $96 price target, representing potential upside of 36.75% from Thursday's close.
Aeglea BioTherapeutics Inc. (AGLE) has won the favor of Wells Fargo's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $2, suggesting 250.88% additional upside for the stock.
Unity Software Inc. (U) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $38. They changed their rating on U to Overweight from Neutral in a recently issued research note.
Earlier Friday RBC Capital reduced its rating on Dana Incorporated (DAN) stock to Sector Perform from Outperform and assigned the price target to $16.
Deutsche Bank analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Caterpillar Inc. (CAT) has been changed to Hold from Buy and the new price target is set at $221.
Analysts at Baird downgraded Stanley Black & Decker Inc. (SWK)'s stock to Neutral from Outperform Friday.
Is This NYSE American Biopharma (ATNM) Ready To Burst Onto The Scene?
Biotech stocks can start as little known afterthoughts and turn into explosive disruptors on the cusp of revolutionizing medicine in months, weeks, or even days. That's why we put together this comprehensive research report on Actinium Pharmaceuticals.
Latest Insider Activity
Ares Management Corporation (ARES) Co-Founder & Co-Chair of PEG KAPLAN DAVID B announced the sale of shares taking place on Oct 27 at $73.11 for some 192,782 shares. The total came to more than $14.09 million.
Zeta Global Holdings Corp. (ZETA) Director NIEHAUS ROBERT H sold on Oct 27 a total 54,039 shares at $8.01 on average. The insider’s sale generated proceeds of almost $432,852.
Dynex Capital Inc. (DX) CEO and Co-CIO BOSTON BYRON L declared the purchase of shares taking place on Oct 26 at $11.61 for some 2,500 shares. The transaction amount was around $29025.0.
Coinbase Global Inc. (COIN) Director Lutke Tobias bought on Oct 25 a total 5,573 shares at $66.96 on average. The purchase cost the insider an estimated $373,168.
US$0.25 Mining Stock Makes Big-Time Copper-Gold Discovery
With markets cratering, 401(k)s bleeding out, and inflation rising… smart investors are turning to the global mining sector — and particularly the small-cap exploration stocks that are stepping up to produce the key metals needed in the green-energy revolution. This 25-cent miner just secured the pole-position in one of the highest potential copper-gold-silver districts on the entire planet.
Important Earnings
Top US earnings releases scheduled for today include Chevron Corporation (NYSE: CVX). It will announce its Sep 2022 financial results. The company is expected to report earnings of $4.81 per share from revenues of $58.22B in the three-month period.
Analysts expect AbbVie Inc. (NYSE: ABBV) to report a net income (adjusted) of $3.57 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2022 is predicted to come in at $14.91B.
NextEra Energy Inc. (NEE), due to announce earnings before the market opens today, is expected to report earnings of $0.8 per share from revenues of $5.76B 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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