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- 5 May - NH - Morning Newsletter (with survey at top and bottom) (copy 01)
5 May - NH - Morning Newsletter (with survey at top and bottom) (copy 01)
4 Hot Stocks to Trade Today
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Good Morning!
U.S. stocks posted their strongest daily gain since 2020 on Wednesday after US Federal Reserve Chairman Jerome Powell allayed investor fears that the central bank may be considering even larger rate hikes in the coming months.The US Federal Reserve, following a meeting on Wednesday, decided to raise rates by half a percentage point and announced a reduction in its asset balance of $9 trillion. Major stock markets initially reacted calmly.However, some were taken aback by Powell's remark that the Fed is not "actively considering" a 0.75bp rate hike at the next meeting.After Powell's comments, stock indices began to rise sharply. At the close of trading, the Dow Jones Industrial Average rose 932.27 points, or 2.8%, to 34,061.06 points, which was the strongest daily gain since November 2020. The S&P 500 jumped 124.69 points, or 3%, to 4,300.17, its best day since May 2020. The Nasdaq Composite rose 401.10 points, or 3.2%, to 12964.86.
5 Megatrend Stocks for 2022
These 5 stocks offer the potential to deliver significant returns in the months ahead thanks to key megatrends... They are well-positioned to deliver a high upside to investors over the next 12 to 18 months. Don't miss out on your chance to get in early.
Today Top Movers
Hycroft Mining Holding Corporation (HYMC) stock soared 24.29% to $1.74 in the pre-market trading after declaring that Hycroft Provides first quarter 2022 operating and financial results.
Albemarle Corporation (NYSE: ALB) shares are trading up 14.51% at $246.74 at the time of writing. The company reported its results for the first quarter ended March 31, 2022.
Silicon Motion Technology Corporation (SIMO) grew over 10.75% at $89.93 in pre-market trading today after bloomberg reported that MaxLinear Inc. is in talks to acquire Silicon Motion Technology Corp.
Sarepta Therapeutics Inc. (SRPT), a Biotechnology company, rose about 1.03% at $73.4999 in pre-market trading Thursday. The company announced first quarter 2022 financial results and recent corporate developments.
Lithium Triangle a "Treasure Trove" for the Popular Energy Metal
Lithium is the most precious commodity of the green revolution, and experts predict an exploding demand for the energy metal. Surrounded by multi-billion dollar assets, one little-known small-cap company in a renowned location in South America may become a strong link in the lithium supply chain due to a monster acquisition.
Top Upgrades & Downgrades
JP Morgan turned bullish on Esperion Therapeutics Inc. (ESPR), upgrading the stock to "Neutral".
AGNC Investment Corp. (AGNC) has won the favor of Piper Sandler equity research team. The firm upgraded the shares from Neutral toOverweight.
Novo Nordisk A/S (NVO) received an upgrade from analysts at Baryan Garnier. They changed their rating on NVO to Neutral from Sell in a recently issued research note.
Earlier CNTB Connect Biopharma Hldgs reduced its rating on Connect Biopharma Holdings Limited (CNTB) stock to Neutral from Overweight.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for HomeStreet Inc. (HMST) has been changed to Underweight from Neutral and the new price target is set at $40.00.
Analysts at Credit Suisse downgraded BioAtla Inc. (BCAB)'s stock to Neutral from Outperform Thursday.
'22 Uranium Bull Market goes into Overdrive as Investors Load-up
Small-cap Uranium stocks are soaring in '22. Most have already doubled as Uranium cranks higher. But that's nothing compared to the gains ahead in the new Uranium bull market. The last time we saw something like this, well-positioned investors made 10X, 100X and up to 1,000X their money. We've uncovered the top US$4 Uranium stock for 2022 riches.
Latest Insider Activity
Block Inc. (SQ) Chief Financial Officer Ahuja Amrita announced the sale of shares taking place on May 02 at $98.47 for some 3,814 shares. The total came to more than $375,565.
Robinhood Markets Inc. (HOOD) Director SANDELL SCOTT D sold on May 03 a total 0 shares at $10.06 on average. The insider’s sale generated proceeds of almost $19640.0.
Intel Corporation (INTC) EVP, CFO Zinsner David declared the purchase of shares taking place on May 03 at $44.73 for some 5,500 shares. The transaction amount was around $246,014.
Occidental Petroleum Corporation (OXY) 10% Owner BERKSHIRE HATHAWAY INC bought on May 03 a total 142,260,618 shares at $57.78 on average. The purchase cost the insider an estimated $1,184,578.
Four Trades to Watch
Predictive analysis is revolutionizing the trading space as we know it.
With high-accuracy forecasting, traders can dodge losses and squeeze the most out of their trade entries and exits.
Check out today's deep dive into Four Trades to Watch to see the tricks and tips you may not know about.
Important Earnings
Top US earnings releases scheduled for today include Nikola Corporation (NASDAQ:NKLA). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.27 per share from revenues of $130k in the three-month period.
Analysts expect Cameco Corporation (NYSE:CCJ) to report a net income 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 $313.17M.
Hanesbrands Inc. (HBI), due to announce earnings before the market opens today, is expected to report earnings of $0.28 per share from revenues of $1.54B 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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