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- 30 Dec - NH - Morning Newsletter (with survey at top and bottom)
30 Dec - NH - Morning Newsletter (with survey at top and bottom)
Checkout These 4 Hot Stocks for Friday Trading
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Good Morning!Futures for US stock indices are declining in the last trading session of the year after rising a day earlier, according to exchange data.According to SPI Asset Management analyst Stephen Innes, the growth of indices in the absence of news had signs of a "dead cat rebound". This term is used by traders to refer to a situation where stock prices fall sharply and then rebound. However, this rebound is followed by another fall, the Associated Press quoted the expert as saying.On Friday, futures for the Dow Jones Industrial Average (DJIA) lost 0.26% to 33,287 points, futures for the NASDAQ high-tech index fell 0.25% to 11,006 points, and the S&P 500 broad market index fell to 0. 28%, up to 3861.25 points.At the same time, on Thursday, Wall Street futures ended trading up 1-2.6 percent.
Investors See Opportunity in Huge Global Demand for Lithium
The global lithium market is projected to surge 500% due to a growing need for lithium-filled batteries. And one junior mining company in a renowned location in South America is in the right place at the right time to capitalize on this megatrend.
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Today Top Movers
Shaw Communications Inc. (SJR) stock soared 10.42% to $29.14 in the pre-market trading following the news that Canada's competition tribunal approved on Thursday Rogers Communications Inc's $14.77 billion bid for Shaw Communications.
Dermata Therapeutics Inc. (NASDAQ: DRMA) shares are trading up 93.2% at $0.3864 at the time of writing following an SEC filing.
Kala Pharmaceuticals Inc. (KALA) grew over 32.05% at $32.8 in pre-market trading today. The company surged over 100% for the second straight session on Thursday extending gains on its plans for lead candidate KPI-012 and an announcement on a private placement.)
Sesen Bio Inc. (SESN), a Biotechnology company, rose about 23.28% at $0.6227 in pre-market trading Friday after Sesen Bio and Carisma Therapeutics declared substantial increase to expected special cash dividend in connection with pending merger.
The Top 5 NASDAQ Stocks to Own for New Year 2023
Even in the worst of times, markets have rallied back. Just as they always have. So, if you're thinking of quitting the market, don't. There are plenty of bargains and hot investing ideas to jump on. In fact, here are five of our best ideas for 2023.
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Top Upgrades & Downgrades
CFRA turned bullish on Netflix Inc. (NFLX), upgrading the stock to "Buy" and assigning a $310 price target, representing potential upside of 6.49% from Wednesday's close.
Piper Sandler initiated its Skechers U.S.A., Inc. (SKX) rating to Neutral, with a price target of $42, representing potential upside of 0.21% from Wednesday's close.
Tigress Financial maintained its Booking Holdings Inc (NASDAQ: BKNG) rating to the equivalent of Strong Buy with a $3,210 price target.
25-cent Copper-Gold-Silver Opportunity You Don't Want to Miss
Investors are preparing for historic gains as this tiny, undiscovered US$0.25 per share mining company readies the drills in what may soon prove to be one of the largest and richest copper-gold discoveries on record. Already, some of the world's biggest mining firms have staked a strategic position in this 25-cent miner.
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Latest Insider Activity
Tesla Inc. (TSLA) SVP Powertrain and Energy Eng. Baglino Andrew D announced the sale of shares taking place on Dec 27 at $117.50 for some 10,500 shares. The total came to more than $1.23 million.
Natera Inc. (NTRA) CHIEF OPERATING OFFICER Schueren Robert Alan sold on Dec 29 a total 5,897 shares at $40.37 on average. The insider’s sale generated proceeds of almost $0.24 million.
ChargePoint Holdings Inc. (CHPT) 10% Owner Q-GRG VII (CP) Investment Part declared the purchase of shares taking place on Dec 28 at $8.20 for some 14,256 shares. The transaction amount was around $0.12 million.
Aqua Metals Inc. (AQMS) Director Kanen David bought on Dec 27 a total 150,995 shares at $0.73 on average. The purchase cost the insider an estimated $110,226.
Louis Navellier: My Top 11 Stocks for 2023
There's always a bull market somewhere and the billion-dollar money manager who picked the No. 1 stock in the S&P each year from 2012 to 2021, just released his 11 Top Stock recommendations for 2023.
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Important Earnings
Top US earnings releases scheduled for next week include SMART Global Holdings Inc. (NASDAQ:SGH). It will announce its Nov 2022 financial results. The company is expected to report earnings of $0.57 per share from revenues of $447.7M in the three-month period.
Analysts expect UniFirst Corporation (NYSE: UNF) to report a net income (adjusted) of $1.94 per share, when the company releases its quarterly results Jan 04. Revenue for the fiscal quarter ended Nov 2022 is predicted to come in at $527.51M.
Resources Connection Inc. (RGP), due to announce earnings after the market closes Jan 04, is expected to report earnings of $0.47 per share from revenues of $199.2M 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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