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- 6 Apr - ST - Morning Newsletter (with survey at top and bottom)
6 Apr - ST - Morning Newsletter (with survey at top and bottom)
ALERT: Top 3 Hot Stocks To Trade Today
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Good Morning!
US stock indices closed lower on Tuesday. Investors assessed the prospect of more aggressive actions by the Fed to curb inflation.The S&P 500 fell 57.52 points or 1.3% to 4525.12, the Nasdaq Composite fell 328.39 points or 2.3% to 14204.17 and the Dow Jones Industrial Average shed 280.70 points, or 0.8%, to 34641.18.US Federal Reserve Board member Lael Breindard said on Tuesday that the central bank is committed to taking steps to slow inflation this year, including announcing in May a significant reduction in its $9 trillion asset portfolio.Prior to Tuesday's sell-off, the Nasdaq had gained more than 15% from its 52-week low on March 14. The index is now down about 12% from its November record high.Brent futures fell 89 cents, or 0.8%, to $106.64 a barrel on Tuesday.
The American Antidote for Chinese Lithium?
Switching to renewable energy means lithium demand could skyrocket 1,000% by 2030. But China controls 80% of the world's lithium supply, and the U.S. warns that China's monopoly is a national security and economic threat. Nevada's famed lithium deposits could be the best antidote to fight back against Chinese lithium domination.
Today Top Movers
Array Technologies Inc. (ARRY) stock soared 14.95% to $12.15 in the pre-market trading following revenue beat, and announcement of new CEO.
Citius Pharmaceuticals Inc. (NASDAQ: CTXR) shares are trading up 11.96% at $2.06 at the time of writing. The company recently reported topline results from the pivotal Phase 3 trial of I/ONTAK (E7777) for the treatment of patients with persistent or recurrent cutaneous T-cell lymphoma (CTCL).
Gogo Inc. (GOGO) grew over 10.68% at $21.24 in pre-market trading today after reporting that it will replace SPX FLOW Inc. (FLOW) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, April 8.
Watch These 5 Megatrend Stocks
Investors looking for the most attractive growth opportunities would do well to understand the world's most powerful megatrends... As well as the companies best positioned to take advantage of those trends. These 5 stocks are well-positioned to deliver a high upside to investors over the next 12 to 18 months.
Top Upgrades & Downgrades
Piper Sandler turned bullish on Synchrony Financial (SYF), upgrading the stock to "Overweight" and assigning a $49.00 price target, representing potential upside of 38.93% from Tuesday's close.
Trex Company Inc. (TREX) has won the favor of B. Riley Securities's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $88.00, suggesting 36.52% additional upside for the stock.
Invitation Homes Inc. (INVH) received an upgrade from analysts at Evercore ISI, with the price target of $46. They changed their rating on INVH to Outperform from In-Line in a recently issued research note.
Earlier Wednesday Piper Sandler reduced its rating on Ameriprise Financial Inc. (AMP) stock to Underweight from Neutral and assigned the price target to $310.00.
Canaccord Genuity analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Hyzon Motors Inc. (HYZN) has been changed to Hold from Buy and the new price target is set at $6.00.
Analysts at SVB Leerink downgraded IMARA Inc. (IMRA)'s stock to Market Perform from Outperform Wednesday.
#1 Gold Royalty Stock in New Gold Bull Market Revealed
The New Gold Bull Market is officially here! Gold just blew past $1,900 and the Smart Money is now flowing into a newly-listed US$4 gold stock that brilliantly receives a cut of global gold production without ANY of the risks, or costs, of operating a mine.
Latest Insider Activity
Apple Inc. (AAPL) COO WILLIAMS JEFFREY E announced the sale of shares taking place on Apr 04 at $177.75 for some 105,901 shares. The total came to more than $18.82 million.
Palantir Technologies Inc. (PLTR) Director Moore Alexander D. sold on Apr 01 a total 36,500 shares at $13.75 on average. The insider’s sale generated proceeds of almost $0.5 million.
HP Inc. (HPQ) Director BROUSSARD BRUCE D declared the purchase of shares taking place on Mar 31 at $36.67 for some 6,810 shares. The transaction amount was around $249,723.
Alset EHome International Inc. (AEI) Chief Executive Officer Chan Heng Fai Ambrose bought on Apr 04 a total 31,649,299 shares at $0.55 on average. The purchase cost the insider an estimated $1.05 million.
Buy These 27 Items NOW - Before They Sell Out Forever
You should plan your next shopping trip around these 27 items.
In the coming days, they could skyrocket in price...
10X... 50X... even 500X higher.
Investing expert Dave Forest just went on-site at an American superstore to find out what the HECK is going on in America.
Important Earnings
Top US earnings releases scheduled for today include RPM International Inc. (NYSE:RPM). It will announce its Feb 2022 financial results. The company is expected to report earnings of $0.3 per share from revenues of $1.41B in the three-month period.
Analysts expect Schnitzer Steel Industries Inc. (NASDAQ: SCHN) to report a net income of $1.38 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Feb 2022 is predicted to come in at $779.39M.
The Greenbrier Companies Inc. (GBX), due to announce earnings before the market opens today, is expected to report earnings of $0.19 per share from revenues of $575.76M in the 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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