- Stocks Telegraph
- Posts
- 3 May - ST - Morning Newsletter (with survey at top and bottom)
3 May - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks Making Big Pre-Market Moves
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
The session on May 2, the main US stock markets ended in the green zone. The S&P 500 rose 0.57% to 4155 points, the Dow Jones added 0.26%, the Nasdaq rose 1.63%. The sectors of consumer goods (-1.29%) and real estate (-2.55%) looked worse than the market. Growth leaders were technology (+1.56%) and telecommunications (+2.43%) companies.Company news
The European Union filed an antitrust complaint against Apple Inc (AAPL: +0.20%), stating that the company's dominance in the mobile wallet market stifled competition.
Pfizer Inc (PFE: -1.49%) reported that its COVID-19 drug Paxlovid showed no statistically significant benefit as a preventative.
Occupancy at MGM Resorts International (MGM: +2.27%) on the Las Vegas Strip increased from 46% last year to 78% in the first quarter.
Lithium Triangle a "Treasure Trove" for the Popular Energy Metal
Lithium is the most precious commodity of the green revolution, and experts predict an exploding demand for the energy metal. Surrounded by multi-billion dollar assets, one little-known small-cap company in a renowned location in South America may become a strong link in the lithium supply chain due to a monster acquisition.
Today Top Movers
Harbor Custom Development Inc. (HCDI) stock soared 10.94% to $3.55 in the pre-market trading. The company will release first quarter 2022 earnings results on Thursday, May 12, 2022.
AST SpaceMobile Inc. (NASDAQ: ASTS) shares are trading up 11.68% at $8.89 at the time of writing after announcing that it has received an experimental license from the Federal Communications Commission (FCC) supporting its U.S.-based testing of the BlueWalker 3 satellite.
MGM Resorts International (MGM) grew over 1.26% at $42.5 in pre-market trading today. The company reported consolidated net revenues of $2.9 billion compared to $1.6 billion in the prior year quarter, an increase of 73%.
Avis Budget Group Inc. (CAR), a Rental & Leasing Services company, rose about 6.75% at $299.5 in pre-market trading Tuesday. Avis Budget Group ended the first quarter 2022 with revenues 77% above the first quarter 2021, at $2.4 billion.
Four Trades to Watch
Predictive analysis is revolutionizing the trading space as we know it.
With high-accuracy forecasting, traders can dodge losses and squeeze the most out of their trade entries and exits.
Check out today's deep dive into Four Trades to Watch to see the tricks and tips you may not know about.
Top Upgrades & Downgrades
JP Morgan turned bullish on Mohawk Industries Inc. (MHK), upgrading the stock to "Neutral" and assigning a $156.00 price target, representing potential upside of 6.94% from Monday's close.
Agile Therapeutics Inc. (AGRX) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Equal Weight to Overweight and moved their price target to $375.00, suggesting 27.83% additional upside for the stock.
IDACORP Inc. (IDA) received an upgrade from analysts at Wells Fargo, who also set their one-year price target on the stock to $110.00. They changed their rating on IDA to Equal Weight from Underweight in a recently issued research note.
Earlier Tuesday Piper Sandler reduced its rating on Kellogg Company (K) stock to Underweight from Neutral and assigned the price target to $62.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Tyson Foods Inc. (TSN) has been changed to Underweight from Neutral and the new price target is set at $81.00.
Analysts at Wells Fargo downgraded Consolidated Edison Inc. (ED)'s stock to Underweight from Equal Weight Tuesday.
These Stocks are $5 a Share or Less...
It might sound shocking... But did you know... Low-priced, "penny," stocks like these offer a great way to make money regardless of the direction of the markets as a whole.
Latest Insider Activity
Tesla Inc. (TSLA) CEO Musk Elon announced the sale of shares taking place on Apr 28 at $887.91 for some 1,041,799 shares. The total came to more than $925.02 million.
United States Steel Corporation (X) VP, Controller & CAO Grewal Manpreet sold on Apr 29 a total 3,505 shares at $33.00 on average. The insider’s sale generated proceeds of almost $0.12 million.
Blue Apron Holdings Inc. (APRN) 10% Owner Sanberg Joseph N. declared the purchase of shares taking place on Apr 29 at $12.00 for some 3,333,333 shares. The transaction amount was around $40.0 million.
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.
Early Profit-Advantage on US$0.50 Stock as Uranium Prices Soar
Uranium prices are soaring as more than HALF of global monthly uranium production has been taken offline as mines shut down amid a prolonged coronavirus pandemic. Investors are lining up for gains and it could be the windfall of a lifetime. The last time we saw something like this, the price of uranium roared all the way to $140. Well-timed investors could make 10X, 20X and even 30X gains.
Important Earnings
Top US earnings releases scheduled for today include Pfizer Inc. (NYSE:PFE). It will announce its Mar 2022 financial results. The company is expected to report earnings of $1.47 per share from revenues of $23.86B in the three-month period.
Analysts expect Teva Pharmaceutical Industries Limited (NYSE: TEVA) to report a net income (adjusted) of $0.55 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $3.75B.
Paramount Global (PARA), due to announce earnings before the market opens today, is expected to report earnings of $0.51 per share from revenues of $7.38B recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.