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- 31 May - ST - Morning Newsletter (with survey at top and bottom)
31 May - ST - Morning Newsletter (with survey at top and bottom)
4 Breakout Stocks to Trade Today
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Good Morning!
Yesterday, US markets were closed in observance of Memorial Day. Futures traded and moved significantly higher. Compared to yesterday, New York futures are about 0.5% lower, but that is slightly higher than Friday's regular close. The big question that will keep investors busy in the near future is whether we have seen the bottom yet. Or that the recent recovery is a typical bear market rally.In the US this afternoon we will look at, among other things, American consumer confidence. Meanwhile, investors are mainly looking forward to US unemployment figures. These provide insight into the impact of high inflation and rising interest rates on the labor market.
Smart-Money Driving Small-Cap Uranium Stocks to Dizzying Heights
The 2022 Uranium Bull Market has arrived and it looks like one for the history books. Just like last time when investors watched the Uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjá Vu All Over Again!' because this US$4 Uranium stock just secured royalty interests on the two largest and richest high-grade uranium mines on the planet.
Today Top Movers
TherapeuticsMD Inc. (TXMD) stock soared 345.79% to $9.54 in the pre-market trading after announcing that it has entered into a definitive merger agreement to be acquired by an affiliate of EW Healthcare Partners.
Yamana Gold Inc. (NYSE: AUY) shares are trading up 16.05% at $6.0 at the time of writing. The company reported a definitive agreement with Gold Fields Limited, under which Gold Fields will acquire all of the outstanding common shares of Yamana pursuant to a plan of arrangement.
CatchMark Timber Trust Inc. (CTT) grew over 24.1% at $10.3 in pre-market trading today following the declaration of a definitive agreement with PotlatchDeltic Corporation (PCH), to combine in an all-stock transaction.
Imperial Petroleum Inc. (IMPP), a Oil & Gas E&P company, rose about 13.34% at $0.6211 in pre-market trading Tuesday. The company recently reported the acquisition of two Suezmax Tankers.
Free Report: Forever Stocks: The Top 5 Stocks That Should be in All Portfolios
For many investors, a long-term buy and hold strategy is a great choice.
Especially if you can find top notch companies, with a solid history of returns, or ones that could get red hot with supply demand issues.
Look at Apple, Microsoft, Amazon.com, or even Meta Platforms for proof.
In fact, we've found five you may want to consider holding forever.
Top Upgrades & Downgrades
Bernstein turned bullish on Grab Holdings Limited (GRAB), upgrading the stock to Outperform and assigning a $3.04 price target, representing potential upside of 26.14% from Monday's close.
NuStar Energy L.P. (NS) has won the favor of Wells Fargo's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $18.00, suggesting 12.36% additional upside for the stock.
Mercury Systems Inc. (MRCY) received an upgrade from analysts at Baird, who also set their one-year price target on the stock to $72.00. They changed their rating on MRCY to Outperform from Neutral in a recently issued research note.
Earlier Tuesday Goldman Sachs reduced its rating on Steel Dynamics Inc. (STLD) stock to Neutral from Buy and assigned the price target to $92.00.
Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for American Eagle Outfitters Inc. (AEO) has been changed to Underweight from Equal-Weight and the new price target is set at $8.00.
Analysts at Jefferies downgraded PubMatic Inc. (PUBM)'s stock to Hold from Buy Tuesday.
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Latest Insider Activity
Genco Shipping & Trading Limited (GNK) CEO, President, and Secretary WOBENSMITH JOHN C announced the sale of shares taking place on May 27 at $25.15 for some 45,000 shares. The total came to more than $1.13 million.
Toast Inc. (TOST) 10% Owner Technology Investment Dining G sold on May 26 a total 3,600,000 shares at $14.23 on average. The insider’s sale generated proceeds of almost $51.23 million.
The Beachbody Company Inc. (BODY) SEE REMARKS Daikeler Carl declared the purchase of shares taking place on May 27 at $2.11 for some 325,844 shares. The transaction amount was around $0.69 million.
MGM Resorts International (MGM) Director SALEM PAUL J bought on May 25 a total 3,500 shares at $31.25 on average. The purchase cost the insider an estimated $109,370.
Leaked tax return reveals secret to pocketing $460,164...
Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits.
Important Earnings
Top US earnings releases scheduled for today include Nordic American Tankers Limited (NYSE:NAT). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.1 per share from revenues of $34.68M in the three-month period.
Analysts expect Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) 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 Mar 2022 is predicted to come in at $28.43M.
Kirkland's Inc. (KIRK), due to announce earnings before the market opens today, is expected to report earnings of -$0.28 per share from revenues of $108.01M 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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