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- 29 Apr - ST - Morning Newsletter (with survey at top and bottom)
29 Apr - ST - Morning Newsletter (with survey at top and bottom)
4 Value Stocks to Trade Before the Weekend
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Good Morning!
American stock indexes ended trading on Thursday with an increase. The growth leaders were the shares of technology companies.The Nasdaq Composite rose 382.59 points or 3.1% to 12871.53, the S&P 500 rose 103.54 points or 2.5% to 4287.50 and the Dow Jones Industrial Average rose 614.46 points, or 1.8%, to 33916.39.In the bond market, the yield on 10-year US Treasuries rose to 2.862% on Thursday from 2.817% on Wednesday. Oil prices also rose, supporting energy stocks as German officials signaled their country's readiness to move away from Russian oil. The price of Brent oil rose by 2.2% to $107.59 per barrel.
Watch These 4 Penny Stocks...
Small cap stocks - and penny stocks in particular - tend to march to the beat of their own drummer. Low-priced, "penny," stocks like these offer a great way to make money regardless of the direction of the markets as a whole...
Today Top Movers
GDS Holdings Limited (GDS) stock soared 14.65% to $33.97 in the pre-market trading after filing 2021 annual report on form 20-F.
Zymeworks Inc. (NYSE: ZYME) shares are trading up 48.19% at $7.35 at the time of writing following the receipt of an unsolicited, non-binding proposal from All Blue Falcons FZE and its affiliates to purchase the Company for $10.50 per share in cash.
Finch Therapeutics Group Inc. (FNCH) grew over 37.62% at $2.89 in pre-market trading today. The company recently announces removal of FDA clinical Hold on CP101 IND.
Innate Pharma S.A. (IPHA), a Biotechnology company, rose about 9.63% at $2.96 in pre-market trading Friday after first patient dosed in Monalizumab Phase 3 Lung Cancer clinical trial which triggered $50M payment from AstraZeneca
#1 Gold Royalty Stock in New Gold Bull Market Revealed
The New Gold Bull Market is officially here! Gold just blew past $1,900 and the Smart Money is now flowing into a newly-listed US$4 gold stock that brilliantly receives a cut of global gold production without ANY of the risks, or costs, of operating a mine.
Top Upgrades & Downgrades
Jefferies turned bullish on Travel + Leisure Co. (TNL), upgrading the stock to "Buy" and assigning a $79.00 price target, representing potential upside of 41.98% from Thursday's close.
VTEX (VTEX) has won the favor of Credit Suisse's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $8.00, suggesting 47.87% additional upside for the stock.
Hub Group Inc. (HUBG) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $92.00. They changed their rating on HUBG to Overweight from Neutral in a recently issued research note.
Earlier Friday Keybanc reduced its rating on Fortune Brands Home & Security Inc. (FBHS) stock to Sector Weight from Overweight and assigned the price target to $120.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Visa Inc. (V) has been changed to Neutral from Overweight and the new price target is set at $239.00.
Analysts at Piper Sandler downgraded Mastercard Incorporated (MA)'s stock to Underweight from Neutral Friday.
Free Report: 5 Stocks Set to Double
Each was hand-picked by a Zacks research expert as the #1 favorite stock to gain +100% or more in the months ahead. Previous editions of this Special Report have racked up huge gains, soaring as much as +359%, +498%, even +673%.
Latest Insider Activity
Meta Platforms Inc. (FB) Chief Legal Officer Newstead Jennifer announced the sale of shares taking place on Apr 26 at $186.63 for some 330 shares. The total came to more than $61588.0.
Tesla Inc. (TSLA) CEO Musk Elon sold on Apr 27 a total 345,601 shares at $881.44 on average. The insider’s sale generated proceeds of almost $343.23 million.
Cleveland-Cliffs Inc. (CLF) EVP & President, CC Services Koci Keith declared the purchase of shares taking place on Apr 26 at $27.14 for some 4,500 shares. The transaction amount was around $122.108.
Huntington Bancshares Incorporated (HBAN) President, CEO & Chairman STEINOUR STEPHEN D bought on Apr 26 a total 14,234 shares at $13.98 on average. The purchase cost the insider an estimated $198,959.
'22 Uranium Bull Market goes into Overdrive as Investors Load-up
Small-cap Uranium stocks are soaring in '22. Most have already doubled as Uranium cranks higher. But that's nothing compared to the gains ahead in the new Uranium bull market. The last time we saw something like this, well-positioned investors made 10X, 100X and up to 1,000X their money. We've uncovered the top US$4 Uranium stock for 2022 riches.
Important Earnings
Top US earnings releases scheduled for today include Chevron Corporation (NYSE:CVX). It will announce its Mar 2022 financial results. The company is expected to report earnings of $3.27 per share from revenues of $47.94B in the three-month period.
Analysts expect AbbVie Inc. (NYSE:ABBV) to report a net income of $3.14 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $13.61B.
Colgate-Palmolive Company (CL), due to announce earnings before the market opens today, is expected to report earnings of $0.74 per share from revenues of $4.4B 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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