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- 29 Aug - ST - Morning Newsletter (with survey at top and bottom)
29 Aug - ST - Morning Newsletter (with survey at top and bottom)
4 Skyrocketing Stocks To Trade Today
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Good Morning!
Concerns over rising rates and tighter monetary policies contributed to the plunge in stock futures on Monday.Dow Jones Industrial Average futures fell 304 points, or about 1%. There was a decline of 1% for S&P 500 and 1.3% for Nasdaq 100.During his speech in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell showed little sign of changing his aggressive course of rate hikes in the months to come, which sent Wall Street tumbling.Dow Jones fell 1,008 points, or over 3%, to its lowest level since May. In the S&P 500, the decline was 3.4% and in the Nasdaq Composite, it was 3.9%, making it the worst day since June. All three averages lost the gains they had made in August.In the coming week, the Fed will deliver several speeches, including that of Vice Chair Lael Brainard on Tuesday, before the release of the August nonfarm payroll report on Friday.
Sub-$0.30 Stock Adds Huge Lithium Asset to Fuel Electric Car Market
The Electric Vehicle boom is here. We could see over 300 million EVs on the road by the end of the next decade. And individual investors – just like you – are cashing-in. The Smart Money is going straight to the source by investing in under-the-radar lithium mining stocks like this one: Developing one of the only lithium projects on US soil and currently trading below US$0.30 per share.
Today Top Movers
Hill International Inc. (HIL) stock soared 20.0% to $3.36 in the pre-market trading. Hill International and GISI announced enhancements to their strategic merger agreement.
Pinduoduo Inc. (NASDAQ: PDD) shares are trading up 8.72% at $62.59 at the time of writing following the release of its unaudited financial results for the second quarter ended June 30, 2022.
American Virtual Cloud Technologies Inc. (AVCT) grew over 13.67% at $0.1663 in pre-market trading today. The company recently announced changes to its board of directors and management team, as well as the start of a review on the sale of the entire business or selected assets.
Pagaya Technologies Ltd. (PGY), a Software - Infrastructure company, rose about 3.11% at $14.25 in pre-market trading Monday. The firm is a global digital company that is reshaping the financial services ecosystem by making life-changing financial products and services available to more individuals across the country.
Own $1 Billion in Silver for Less Than $1 Per Share
With silver prices booming, smart investors are positioning for 10-fold gains by investing in best-of-class silver miners. Keep reading to see how this tiny, under-the-radar company, you can own today well below a buck a share, is sitting on more than one billion dollars in high-grade silver all within the safe and friendly confines of North America.
Top Upgrades & Downgrades
Piper Sandler turned bullish on Envista Holdings Corporation (NVST), upgrading the stock to "Overweight" and assigning a $46.00 price target, representing potential upside of 25.68% from Friday's close.
Calithera Biosciences Inc. (CALA) has won the favor of HC Wainwright & Co.'s equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $8.00, suggesting 144.64% additional upside for the stock.
Apple Hospitality REIT Inc. (APLE) received an upgrade from analysts at Wells Fargo, who also set their one-year price target on the stock to $17.00. They changed their rating on APLE to Equal Weight from Underweight in a recently issued research note.
Earlier Monday SVB Leerink reduced its rating on Molecular Partners AG (MOLN) stock to Market Perform from Outperform and assigned the price target to $8.00.
Keybanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for LyondellBasell Industries N.V. (LYB) has been changed to Underweight from Sector Weight and the new price target is set at $73.00.
Analysts at Keybanc downgraded Westlake Corporation (WLK)'s stock to Underweight from Sector Weight Monday.
Individual investors are making an absolute killing on select gold stocks in 2H '22. But what's the safest and smartest way to invest? Here's an under-the-radar Canadian gold company that's amassed over 30 million ounces of the yellow metal...worth Tens of $Billions...trading at an insanely low US$1 per share.
Latest Insider Activity
Norwegian Cruise Line Holdings Ltd. (NCLH) EVP & CFO Kempa Mark announced the sale of shares taking place on Aug 24 at $13.50 for some 55,000 shares. The total came to more than $0.74 million.
Block Inc. (SQ) Square Lead Henry Alyssa sold on Aug 24 a total 30,769 shares at $72.09 on average. The insider’s sale generated proceeds of almost $2.22 million.
Sorrento Therapeutics Inc. (SRNE) See Remarks Ji Henry declared the purchase of shares taking place on Aug 26 at $2.11 for some 33,333 shares. The transaction amount was around $70333.0.
Marathon Digital Holdings Inc. (MARA) Director DENUCCIO KEVIN A bought on Aug 23 a total 5,000 shares at $13.72 on average. The purchase cost the insider an estimated $68,600.
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.
Important Earnings
Top US earnings releases scheduled for today include HEICO Corporation (HEI). It will announce its Jul 2022 financial results. The company is expected to report earnings of $0.66 per share from revenues of $553.72M in the three-month period.
Analysts expect H World Group Limited (NASDAQ: HTHT) to report a net income (adjusted) of $0.09 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $534.06M.
Cango Inc. (CANG), due to announce earnings after the market closes today, is expected to report earnings of -$0.05 per share from revenues of $47.52M 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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