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- 31 Mar - NH - Morning Newsletter (with survey at top and bottom)
31 Mar - NH - Morning Newsletter (with survey at top and bottom)
Sunrise Stock Watch: Profit from the Day's Top Picks
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Good Morning!It's Friday and the excitement is palpable as investors eagerly await a crucial inflation report. U.S. stock futures started the day off slightly lower, with Dow Jones Industrial Average futures down by 30 points or 0.09%. Meanwhile, S&P 500 futures and Nasdaq 100 futures were both holding steady.Yesterday, the Dow managed to gain an impressive 141 points or 0.43%, while the S&P 500 rose 0.57%, and the Nasdaq climbed by 0.73%. This week has been a positive one for the three major averages, with the Dow currently up by 1.93% and the S&P 500 boasting a 2% gain. Both indices are set to enjoy their best weekly performance since January. Meanwhile, the Nasdaq is up by 1.6% for the week.Yesterday's gains were fueled by optimism on Wall Street, as the number of weekly jobless claims reached 198,000, which is up 7,000 from the previous week. However, despite this cooldown in the labor market, the mood remains optimistic that the Fed will soon bring an end to its rate hike cycle.Semiconductors were also having a good day, with AMD and Nvidia enjoying gains of over 1%. Today, all eyes will be on the personal income data and consumer spending figures due to be released this morning, alongside the final March reading of the University of Michigan's consumer sentiment index at 10 a.m. ET.To add to the excitement, several central bank officials, including Fed Governors Lisa Cook and Christopher Waller, are scheduled to speak today. It's shaping up to be a busy and exciting day in the world of finance!
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Today Top Movers
Inpixon (INPX) stock soared 21.73% to $0.4504 in the pre-market trading after reporting 2022 financial results.
FOXO Technologies Inc. (AMEX: FOXO) shares are trading up 20.0% at $0.444 at the time of writing following the declaration of full year 2022 financial results and recent business highlights.
Fortress Biotech Inc. (FBIO) grew over 18.28% at $0.88 in pre-market trading today. The company recently reported full-year 2022 financial results.
Rumble Inc. (RUM) is up 15.48% to $10.78 in pre-market today after reporting revenue of $20.0 million for the Q4 2022 compared to $2.9 million in the fourth quarter of 2021, an increase of 579%.
20-cent Gold Stock Has Backing of Major Gold Producers
The 2023 gold bull market has arrived as nervous investors continue to flock to the safety of the yellow metal. Yet, the biggest gains won't be in gold...they'll be in the tiny small-cap explorers like this one: multiple drill programs being funded by major gold producers and trading completely undiscovered below US$0.20 per share.
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Top Upgrades & Downgrades
TD Cowen turned bullish on Restaurant Brands International Inc. (QSR), upgrading the stock to Outperform and assigning a $75 price target, representing potential upside of 15.01% from Thursday's close.
Advance Auto Parts Inc. (AAP) has won the favor of Barclays' equity research team. The firm upgraded the shares from Underweight to Equal Weight.
Pacific Biosciences of California Inc. (PACB) received an upgrade from analysts at TD Cowen. They changed their rating on PACB to Outperform from Market Perform in a recently issued research note.
Earlier Friday Loop Capital reduced its rating on JD.com Inc. (JD) stock to Hold from Buy and assigned the price target to $49.
Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Cintas Corporation (CTAS) has been changed to Hold from Buy.
Top 7 Energy Stocks for 2023
Louis Navellier aka the "King of Quants" just isolated the top 7 energy stocks in 2023 with the help of his propriety system. It's the same system that helped Louis find 676 triple digit winners... 141 gains over 1,000%... and 21 gains soaring 10,000% in his 40 years career. With so much uncertainty from our government and media... Louis trusted algorithm can be your guide towards potential earnings.
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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 Mar 27 at $194.36 for some 10,500 shares. The total came to more than $2.04 million.
Viking Therapeutics Inc. (VKTX) Chief Operating Officer Mancini Marianna sold on Mar 29 a total 41,242 shares at $16.00 on average. The insider’s sale generated proceeds of almost $0.66 million.
The Charles Schwab Corporation (SCHW) Director Brown Marianne Catherine declared the purchase of shares taking place on Mar 28 at $53.47 for some 5,000 shares. The transaction amount was around $0.27 million.
Occidental Petroleum Corporation (OXY) 10% Owner BERKSHIRE HATHAWAY INC bought on Mar 27 a total 1,789,529 shares at $59.32 on average. The purchase cost the insider an estimated $106.15 million.
Rare Green-Metals Discovery: US$2 Stock Set to Deliver Gains
Smart investors are blowing away Wall Street's so-called "experts" on green-metals stocks. And with the clean-energy revolution in full-swing, the near-term gains could be absolutely life-changing. The timing is dead-on accurate with this US$2 stock securing a world-class green-metals resource designated as a Strategic Minerals Deposit at 5.7 Million ounces with drills turning now.
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Important Earnings
Top US earnings releases scheduled for today include Verb Technology Company Inc. (NASDAQ:VERB). It will announce its Dec 2022 financial results. The company is expected to report earnings of -$0.04 per share from revenues of $3.1M in the three-month period.
Analysts expect Tivic Health Systems Inc. (NASDAQ:TIVC) to report a net income (adjusted) of -$0.31 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2022 is predicted to come in at $640k.
AIM ImmunoTech Inc. (AIM), due to announce earnings after the market closes today, is expected to report earnings of -$0.12 per share from revenues of $180k 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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