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- 30 Mar - ST - Morning Newsletter (with survey at top and bottom)
30 Mar - ST - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks Taking Off This Morning
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Good Morning!
In the session on March 29, the main US stock markets ended in the green zone. The S&P 500 rose 1.23% to 4631, the Dow Jones added 0.97% and the Nasdaq rose 1.84%. Nearly all of the industry's broad market indexes closed higher. The exception was issuers from the energy sector (-0.44%). The growth leaders were enterprises from the real estate sector (+2.85%) and technology companies (+2.06%).Company news
Uber Technologies (UBER: +7.0%) is close to a deal with the San Francisco Metropolitan Transportation Authority that will allow customers to use the Uber app to hail a taxi in the city.
UnitedHealth Group Incorporated (UNH: -0.48%) will spend $5.4 billion to acquire LHC Group Inc (LHCG: +5.9%).
FedEx (FDX: +3.7%) announced a change in the management.
Hottest Lithium Explorer that we Have our Eyes On
This company is currently looking to identify, explore, and develop battery metals technologies through an open-source application to meet the GROWING demand.
They're in such a unique position in the marketplace as not many know about this yet. The best part - this company is not only looking at one metal to explore but THREE including lithium, nickel, and cobalt.
Today Top Movers
Direct Digital Holdings, Inc. (DRCT) is up 35.27% to $3.49 in pre-market today after reporting an increase of 206% in FY 2021 revenues year-over-year to $38.1M.
Agile Therapeutics Inc. (AGRX) stock soared 30.06% to $0.3379 in the pre-market trading as the company is gearing for the Financial statement release for the fourth quarter of 2021.
Adagio Therapeutics Inc. (NASDAQ: ADGI) shares are trading up 29.61% at $4.99 at the time of writing after announcing ADG20 (adintrevimab) is the first monoclonal antibody to meet primary endpoints with statistical significance across pre-and post-exposure prophylaxis and treatment for COVID-19 and plans to seek U.S. emergency use authorization.
Lululemon Athletica Inc. (LULU) grew over 7.24% at $368.88 in pre-market trading today after declaring that its Q4 revenue increased 23% to $2.1 billion.
Analysts Predict These Stocks Will DOUBLE in the Next 12 Months
According to data from Zacks, 5 surprising stocks have the best chance to gain +100% and more in the coming year. They have strong fundamentals, growing momentum, and attractive entry points. Zacks' has a proven track record of picking winners. Recent selections have soared as much as +359%, +498%, even +673%. Don't miss the latest picks inside this just-updated special report.
Top Upgrades & Downgrades
Jefferies turned bullish on Host Hotels & Resorts Inc. (HST), upgrading the stock to "Buy" and assigning a $25.00 price target, representing potential upside of 26.14% from Tuesday's close.
Beacon Roofing Supply Inc. (BECN) has won the favor of JP Morgan's equity research team. The firm upgraded the shares from Underweight to Neutral and moved their price target to $68.00, suggesting 9.4% additional upside for the stock.
Masco Corporation (MAS) received an upgrade from analysts at JP Morgan. They changed their rating on MAS to Neutral from Underweight in a recently issued research note.
Earlier Wednesday JP Morgan reduced its rating on The Procter & Gamble Company (PG) stock to Neutral from Overweight and assigned the price target to $165.00.
JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Mohawk Industries Inc. (MHK) has been changed to Underweight from Overweight and the new price target is set at $140.00.
Analysts at Jefferies downgraded Nielsen Holdings plc (NLSN)'s stock to Hold from Buy Wednesday.
5 Bucks... That's it!
These four companies have all experienced game-changing breakthroughs and true market disruption. Which makes them the kind of investment that could deliver in a huge way. Not only that - but they're all just $5 or less.
Latest Insider Activity
ChargePoint Holdings Inc. (CHPT) Chief Marketing Officer Jansen Colleen announced the sale of shares taking place on Mar 25 at $19.00 for some 3,500 shares. The total came to more than $66500.0.
PagerDuty Inc. (PD) Chief Financial Officer Wilson Howard sold on Mar 25 a total 316,553 shares at $35.35 on average. The insider’s sale generated proceeds of almost $2.13 million.
Dollar Tree Inc. (DLTR) Director HEINRICH DANIEL J declared the purchase of shares taking place on Mar 28 at $156.09 for some 425 shares. The transaction amount was around $66340.0.
Team Inc. (TISI) Director Lederman Evan S. bought on Mar 28 a total 34,300 shares at $1.56 on average. The purchase cost the insider an estimated $12,950.
A Record-Breaking Year for Semiconductor Investors
AMD CEO Dr. Lisa Su told yahoo finance, "There's tremendous investment that's happening across the semiconductor industry..." Data Centers, Automobiles, and even Consumer Electronics manufacturers stand to gain from the semiconductor industry's record-breaking investments.
Important Earnings
Top US earnings releases scheduled for today include PolarityTE Inc. (NASDAQ:PTE). It will announce its Dec 2021 financial results. The company is expected to report earnings of -$0.09 per share from revenues of $790k in the three-month period.
Analysts expect Paychex Inc. (NASDAQ:PAYX) to report a net income (adjusted) of $1.05 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Feb 2022 is predicted to come in at $1.22B.
AerCap Holdings N.V. (AER), due to announce earnings before the market opens today, is expected to report earnings of $1.95 per share from revenues of $1.27B 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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