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- 30 Aug - NH - Morning Newsletter (with survey at top and bottom)
30 Aug - NH - Morning Newsletter (with survey at top and bottom)
4 Active Stocks to Watch Today
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Good Morning!
Following another down day for stocks on Monday, Stock futures surged as Wall Street sought stability on Tuesday morning.S&P 500 futures rose by 0.38%, while Nasdaq 100 futures were up 0.50%. 0.32%, or 101 points, were gained by Dow Jones Industrial Average futures.As a result of the moves in futures, the major averages declined on the trot. There was a loss of 184 points, or 0.57%, for the Dow. The Nasdaq Composite fell 1.02% while, S&P 500 dropped 0.67%.Following recent comments from Federal Reserve officials that in spite of the economic pain caused by rate hikes, the central bank intends to continue raising rates, the market returned some of its summer gains.Two key economic indicators are set to be released on Tuesday: the FHFA home price index for June, the Consumer Confidence Survey for August from the Conference Board and the Bureau of Labor Statistics’ job openings release for July.
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.
Today Top Movers
FREYR Battery (FREY) stock soared 11.07% to $14.05 in the pre-market trading after announcing the execution of 38 GWh Li-Ion battery binding cell sales agreement and Module & Pack joint venture for energy storage solutions with Nidec Corporation.
Mobile Global Esports Inc. (NASDAQ: MGAM) shares are trading up 28.08% at $3.33 at the time of writing. The company was organized in March of 2021 to carry on and expand an esports business started by Sports Industry of India ("SII"), in 2016.
Bed Bath & Beyond Inc. (BBBY) grew over 10.79% at $14.79 in pre-market trading today as investors expressed optimism ahead of the home goods retailer’s strategic update.
Tesla Inc. (TSLA), a Auto Manufacturers company, rose about 2.28% at $291.3 in pre-market trading Tuesday. Deutsche Bank analyst boosts Tesla price target after visiting Berlin gigafactory.
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.
Top Upgrades & Downgrades
HSBC turned bullish on Pinduoduo Inc. (PDD), upgrading the stock to "Buy" and assigning a $93.00 price target, representing a potential upside of 40.82% from Monday's close.
American Outdoor Brands Inc. (AOUT) has won the favor of B. Riley Securities's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $11.00, suggesting 41.57% additional upside for the stock.
Sealed Air Corporation (SEE) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $58.00. They changed their rating on SEE to Neutral from Underweight in a recently issued research note.
Earlier Tuesday Morgan Stanley reduced its rating on Cabaletta Bio Inc. (CABA) stock to Equal-Weight from Overweight and assigned the price target to $3.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Lument Finance Trust Inc. (LFT) has been changed to Neutral from Overweight and the new price target is set at $2.75.
Analysts at HC Wainwright & Co. downgraded ObsEva SA (OBSV)'s stock to Neutral from Buy Tuesday.
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
Palantir Technologies Inc. (PLTR) See Remarks Sankar Shyam announced the sale of shares taking place on Aug 25 at $8.28 for some 50,000 shares. The total came to more than $0.41 million.
Alphabet Inc. (GOOGL) Director MATHER ANN sold on Aug 25 a total 280 shares at $115.15 on average. The insider’s sale generated proceeds of almost $32242.0.
MGM Resorts International (MGM) Director Swartz Janet declared the purchase of shares taking place on Aug 25 at $35.05 for some 14,230 shares. The transaction amount was around $0.5 million.
BitNile Holdings Inc. (NILE) Executive Chairman AULT MILTON C III bought on Aug 26 a total 52,000 shares at $0.29 on average. The purchase cost the insider an estimated $15,236.
Free Report: Top 5 Gold Stocks for a Bear Market
There's still plenty of upside ahead for gold stocks.
Goldman Sachs says gold could run to $2,500 by the end of the year-especially with fears of a potential recession. And, according to Jeff Currie, Goldman Sachs global head of commodities research, as quoted by Bloomberg, "It's a perfect storm for gold right now."
So, where should we invest? Try these.
Important Earnings
Top US earnings releases scheduled for today include Best Buy Co. Inc. (NYSE: BBY). It will announce its Jul 2022 financial results. The company is expected to report earnings of $1.27 per share from revenues of $10.24B in the three-month period.
Analysts expect Nordic American Tankers Limited (NYSE: NAT) to report a net income (adjusted) of -$0.02 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2022 is predicted to come in at $51.17M.
Kirkland's Inc. (KIRK), due to announce earnings before the market opens today, is expected to report earnings of -$0.87 per share from revenues of $97.17M 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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