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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)
Today's Top-4 Stocks in Premarket
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Good Morning!
The trading session on March 30 ended with a decline in major US stock indices. The S&P 500 corrected 0.63% to 4602, the Dow Jones shed 0.19% and the Nasdaq shed 1.21%. Energy companies (+1.17%) and utility providers (+0.84%) closed in positive territory. Producers of cyclical consumer goods (-1.51%) and IT companies (-1.36%) showed a noticeable decline in quotations.Company news
Lululemon Athletica (LULU: +9.6%) outperformed consensus on net income, with sales and earnings forecast for the current year above market expectations. In addition, the company's management approved a new buy back program for up to $1 billion.
Paychex Inc. (PAYX: +3.3%) reported higher-than-market quarterly revenue and earnings results and raised its revenue guidance for the current fiscal year.
PVC Corp. (PVH: -6.5%) posted a better-than-expected fourth-quarter report, but disappointed investors with guidance on first-quarter results, noting pressure on earnings due to the suspension of operations in Russia and Belarus.
Free Report: 5 Stocks to Protect Your Portfolio During Tumultuous Times
Markets are an absolute disaster.
With Russia's invasion of Ukraine, inflationary threats, a potential recession, and likely interest rate hikes on the way, investors are terrified. Plus, with oil prices now above $110 a barrel, there are concerns pump prices could substantially curb consumer spending.
And unfortunately, no one is quite sure what comes next.
Here are five ways to protect your portfolio right now.
Today Top Movers
Clovis Oncology Inc. (CLVS) stock soared 33.94% to $2.21 in the pre-market trading following an announcement of positive top-line data from the monotherapy arm of the ATHENA (GOG 3020/ENGOT-ov45) trial (ATHENA-MONO).
Jaguar Health Inc. (NASDAQ: JAGX) shares are trading up 8.29% at $0.58 at the time of writing after announcing that the company has entered an agreement with Quadri Pharmaceuticals Store LLC for multiple target indications in Middle East markets.
IZEA Worldwide Inc. (IZEA) grew over 25.69% at $1.81 in pre-market trading today.The company released record quarterly revenues of $10.3 million with positive net income and Adjusted EBITDA.
Lithium Americas Corp. (LAC), a Other Industrial Metals & Mining company, rose about 0.84% at $37.17 in pre-market trading Thursday after reporting 2021 full Year and Q4 results.
Investors Look to Capitalize on the Budding Green Revolution
Lithium is the uncontested fuel of the green energy revolution. One little-known small-cap lithium mining company in a renowned South American location has started attracting interest from opportunity-minded investors.
Top Upgrades & Downgrades
Barclays turned bullish on Core & Main Inc. (CNM), upgrading the stock to Overweight and assigning a $34.00 price target, representing potential upside of 38.27% from Wednesday's close.
Vector Group Ltd. (VGR) has won the favor of Barclays's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $16.00, suggesting 51.23% additional upside for the stock.
CDW Corporation (CDW) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $214.00. They changed their rating on CDW to Overweight from Equal-Weight in a recently issued research note.
Earlier Thursday Piper Sandler reduced its rating on Akebia Therapeutics Inc. (AKBA) stock to Neutral from Overweight and assigned the price target to $2.00.
Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Taylor Morrison Home Corporation (TMHC) has been changed to Equal-Weight from Overweight and the new price target is set at $33.00.
Analysts at Morgan Stanley downgraded PVH Corp. (PVH)'s stock to Equal-Weight from Overweight Thursday.
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.
Latest Insider Activity
NVIDIA Corporation (NVDA) Director COXE TENCH announced the sale of shares taking place on Mar 28 at $274.06 for some 100,000 shares. The total came to more than $27.41 million.
ON Semiconductor Corporation (ON) Director MASCARENAS PAUL ANTHONY sold on Mar 28 a total 41,981 shares at $65.00 on average. The insider’s sale generated proceeds of almost $1.3 million.
Ford Motor Company (F) Executive Chair and Chair FORD WILLIAM CLAY JR declared the purchase of shares taking place on Mar 24 at $16.81 for some 267,697 shares. The transaction amount was around $4.5 million.
Occidental Petroleum Corporation (OXY) President and CEO Hollub Vicki A. bought on Mar 28 a total 467,282 shares at $56.24 on average. The purchase cost the insider an estimated $798,102.
Investor Alert: Argentina Loaded With "White Gold" Opportunity
Experts expect the global lithium market to grow by 500% due to the explosion of electric vehicles and green energy. And one small-cap company just snagged a large lithium deposit in a renowned South American location.
Read about this company's once-in-a-lifetime lithium opportunity -- before Wall Street takes notice.
Important Earnings
Top US earnings releases scheduled for today include Walgreens Boots Alliance Inc. (NASDAQ:WBA). It will announce its Feb 2022 financial results. The company is expected to report earnings of $1.4 per share from revenues of $33.4B in the three-month period.
Analysts expect 1847 Goedeker Inc. (AMEX:GOED) to report a net income of $0.05 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2021 is predicted to come in at $145M.
IM Cannabis Corp. (IMCC), due to announce earnings before the market opens today, is expected to report earnings of $0.02 per share from revenues of $14.6M 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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