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- 28 Sep - NH - Morning Newsletter (with survey at top and bottom)
28 Sep - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks To Watch Today
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Good Morning!Wednesday morning, stock futures were down after a relief rally failed, and the S&P 500 hit a new intraday low in a previous trading session.There was a loss of 173 points or 0.59% in Dow Jones Industrial Average futures. A 0.71% decline was recorded on S&P 500 futures, and a 0.98% decline on Nasdaq 100 futures.After gaining early, stocks made corrections in a Tuesday regular session, and the S&P 500 fell below its intraday low from June, which was the market's previous bottom. A sixth consecutive day of losses for the Dow and S&P 500, while a 0.25 percent gain for the Nasdaq Composite. We are now in the midst of a bear market for all three major averages.The stock market may be oversold based on a number of technical indicators, but Wall Street analysts worry that investors have not taken into account a slowdown in earnings and the impact of interest rate hikes by the Federal Reserve. For some, the S&P 500 breaking below its previous low indicates more declines lie ahead.The pending home sales for August will be released on Wednesday, giving investors an updated view of the housing market.
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.
Today Top Movers
Biogen Inc. (BIIB) stock soared 43.21% to $283.25 in the pre-market trading after announcing positive topline results for its experimental Alzheimer’s drug.
Lipocine Inc. (NASDAQ: LPCN) shares are trading up 24.46% at $0.488 at the time of writing. The company recently reported that it will participate in the Cantor Neurology & Psychiatric Conference (October 6-7) in San Francisco.
Aytu BioPharma Inc. (AYTU) grew over 5.16% at $0.1998 in pre-market trading today following the release of record fourth quarter and fiscal year 2022 revenue.
TCR2 Therapeutics Inc. (TCRR), a Biotechnology company, rose about 17.16% at $1.98 in pre-market trading Wednesday after announcing positive topline results from the Phase 1 portion of the gavo-cel Phase 1/2 clinical trial for mesothelin-expressing solid tumors.
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report,
, we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Top Upgrades & Downgrades
Piper Sandler turned bullish on Truist Financial Corporation (TFC), upgrading the stock to "Overweight" and assigning a $55.00 price target, representing potential upside of 27.7% from Tuesday's close.
Biogen Inc. (BIIB) has won the favor of Mizuho's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $270.00, suggesting 36.51% additional upside for the stock.
Netflix Inc. (NFLX) received an upgrade from analysts at Atlantic Equities, who also set their one-year price target on the stock to $283.00. They changed their rating on NFLX to Overweight from Neutral in a recently issued research note.
Earlier Wednesday Wells Fargo reduced its rating on L3Harris Technologies Inc. (LHX) stock to Equal-Weight from Overweight and assigned the price target to $238.00.
Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Lockheed Martin Corporation (LMT) has been changed to Underweight from Equal Weight and the new price target is set at $415.00.
Analysts at William Blair downgraded PhaseBio Pharmaceuticals Inc. (PHAS)'s stock to Market Perform from Outperform Wednesday.
Forbes mag says this strategy "like finding money in the street"
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
Latest Insider Activity
Mind Medicine (MindMed) Inc. (MNMD) Chief Medical Officer Karlin Dan announced the sale of shares taking place on Sep 27 at $5.87 for some 640 shares. The total came to more than $3757.0.
Flex Ltd. (FLEX) Group President Tan Kwang Hooi sold on Sep 26 a total 37,900 shares at $16.50 on average. The insider’s sale generated proceeds of almost $625,206.
Forge Global Holdings Inc. (FRGE) Director Hansmeyer Christoph declared the purchase of shares taking place on Sep 23 at $1.91 for some 5,541 shares. The transaction amount was around $10598.0.
Adobe Inc. (ADBE) Director Ricks David A bought on Sep 27 a total 1,200 shares at $280.56 on average. The purchase cost the insider an estimated $336,672.
A Tiny Silver Stock With 16X Potential
It's not often you come across a true, early-stage stock opportunity with 16X upside! Yet that's precisely the type of near-term potential this under-the-radar silver exploration company offers. The company – which you can own right now below $1 per share – is currently sitting on over $1 billion in high-grade silver in one of the richest silver mining districts on the planet. This could take your 16X upside to 32X upside in a matter of months!
Important Earnings
Top US earnings releases scheduled for today include Paychex Inc. (NASDAQ: PAYX). It will announce its Aug 2022 financial results. The company is expected to report earnings of $0.97 per share from revenues of $1.19B in the three-month period.
Analysts expect Stem Inc. (NYSE: STEM) 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 Sep 2022 is predicted to come in at $84.74M.
Thor Industries Inc. (THO), due to announce earnings before the market opens today, is expected to report earnings of $3.89 per share from revenues of $3.68B 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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