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- 3 Dec - NH - Morning Newsletter (with changes)
3 Dec - NH - Morning Newsletter (with changes)
4 Must-Watch Stocks for Today
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Good Morning!
Trading on December 2 at the main US stock markets ended in the green zone. The S&P 500 rose 1.42% to 4577 points, the Nasdaq climbed 0.83%, and the Dow Jones added 1.82%. All industries showed positive dynamics. The industrial sector outperformed others (+ 2.89%) thanks to an increase in airline quotes. Energy (+ 2.85%) and financial (+ 2.83%) companies also showed strong growth rates.Company news
Snowflake ( SNOW : + 15.9%) reported better-than-expected third-quarter results and strong forecasts for the next period.
Chinese regulators issued an airworthiness directive and re-authorized the use of Boeing (BA: + 7.5%) 737 MAX aircraft in China.
LE Lands' End (LE: -9.9%) fell short of expectations for revenue for the third quarter, and the October-December 2021 guideline also fell short of the consensus forecast.
Today, world markets are showing predominantly positive dynamics. Despite the initially negative reaction to the news about the emergence of the omicron strain in the United States, on Thursday there were more and more optimistic comments regarding the new variant of the virus, which gave the quotes a positive impetus. In particular, representatives of Pfizer and BioNTech do not expect a significant decrease in the effectiveness of vaccines on the market, which will protect people from severe disease. There is no evidence yet that the new variant of the coronavirus is more deadly than other strains, Australia's chief physician said. As a consequence, investors will await more detailed information on the virus from WHO in the coming days.
US Govt. Injects $100's of Millions Into Lithium
The government's cash infusion could send lithium exploration companies soaring. They're desperate for new lithium mines to end China's Lithium Monopoly. See how you could take advantage of this enormous cash infusion.
Today Top Movers
Marvell Technology Inc. (MRVL) stock soared 19.03% to $84.55 in the pre-market trading after introducing the industry's first 802.1AE MACsec integrated dual 1000BT1 and 100BT1 PHYs.
CTI BioPharma Corp. (NASDAQ: CTIC) shares are trading up 4.17% at $1.5 at the time of writing. The company will present at the JMP Securities Hematology & Oncology Summit on Monday, December 6.
Grab Holdings Limited (GRAB) stock surged 4.00% to $9.10 in the pre-market trading. The company revealed its landmark IPO with Grab employees, driver-, delivery- and merchant-partners.
Celyad Oncology SA (CYAD) stock soared 12.92% to $4.02 in the pre-market trading following the announcement of $32.5 million private placement with Fortress Investment Group.
The Next Biotech Giant is...
Biotech insiders have discovered this generation's next biotech giant...
They're publicly traded and specialize in this breakthrough medical discovery...
Top Upgrades & Downgrades
Raymond James turned bullish on Fastly Inc. (FSLY), upgrading the stock to Outperform and assigning a $42.00 price target, representing potential upside of 15.2% from Thursday's close.
Stitch Fix Inc. (SFIX) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Underweight to Equal-Weight and moved their price target to $27.00, suggesting 17.65% additional upside for the stock.
PNM Resources Inc. (PNM) received an upgrade from analysts at Wells Fargo, who also set their one-year price target on the stock to $47.00. They changed their rating on PNM to Equal-Weight from Underweight in a recently issued research note.
Earlier Friday Piper Sandler reduced its rating on DocuSign Inc. (DOCU) stock to Neutral from Overweight and assigned the price target to $200.
Loop Capital analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Eagle Materials Inc. (EXP) has been changed to Hold from Buy.
Analysts at Cowen downgraded Smith & Wesson Brands Inc. (SWBI)'s stock to Market Perform from Outperform Friday.
5 Top Small Cap Value Stocks to Consider Right Now
Some of the greatest opportunities can be found in small cap value stocks.
Remember, even Amazon was once a $7 stock.
Tesla once had a market cap of just over a billion. While small caps do carry risk like every other stock, find the right one, and the rewards can be off the charts.
Latest Insider Activity
Advanced Micro Devices Inc. (AMD) Chief Accounting Officer SMITH DARLA M announced the sale of shares taking place on Nov 30 at $163.44 for some 1,396 shares. The total came to more than $0.23 million.
Meta Platforms Inc. (FB) Chief Legal Officer Newstead Jennifer sold on Nov 30 a total 14,856 shares at $335.00 on average. The insider’s sale generated proceeds of almost $83750.0.
Exxon Mobil Corporation (XOM) Chairman and CEO Woods Darren W declared the purchase of shares taking place on Nov 30 at $60.00 for some 217 shares. The transaction amount was around $13020.0.
Coupang Inc. (CPNG) Director GREENOAKS CAPITAL PARTNERS LLC bought on Dec 01 a total 203,029,419 shares at $27.04 on average. The purchase cost the insider an estimated $4.33 million.
Quickest Path to Riches in the 2021 Gold Bull Market Revealed
Gold is booming and smart investors are already cashing in on the #1 Gold Investment of 2021. Yet, you haven't missed the boat. As the Biden administration blows up the federal deficit with $6 Trillion in spending, gold will be the biggest beneficiary as inflation soars.
Important Earnings
Top US earnings releases scheduled for today include Hibbett Inc. (NASDAQ:HIBB). It will announce its Oct 2021 financial results. The company is expected to report earnings of $1.57 per share from revenues of $360.63M in the three-month period.
Analysts expect RGC Resources Inc. (NASDAQ:RGCO) to report a net income (adjusted) of $0.54 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2021 is predicted to come in at $21M.
Genesco Inc. (GCO), due to announce earnings before the market opens today, is expected to report earnings of $1.29 per share from revenues of $575.57M in the recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,News Heater Team
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