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7 June - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Trade Today
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Good Morning!
Futures on the Dow, NASDAQ Composite and S&P 500 indices were pointed to a weaker open on Tuesday amid worries about rising inflation and the Fed's plan to further increase interest rates. Dollar and Treasury bond yields continue to rise. In this still uncertain environment, yields rose sharply on the bond markets on Monday. The yield on the 10-year Treasury bond climbed 9 basis points to reach 3.04%, while The yield on the 2-year Treasury bond gained 7 basis points to 2.73%. On the foreign exchange market, the dollar index gained 0.26% on Monday evening to 102.40 points against a basket of reference currencies. Dow Jones futures fell 200 points after ending Monday at 32,912. S&P 500 futures look set to open 21 points lower, with the Nasdaq futures on track to go down 70 points.
Weirdest Under $2 Stock (Perfect for Markets Like This)This strange under $2 stock could be the ONLY safe bet in markets like these.But it's largely IGNORED by Wall Street.Last year it made more income than Disney, Tesla or Square...Yet Disney and Square are both 35X more expensive than this stock. And Tesla is 84X more expensive.If you act now (before a key announcement in August)...
Today Top Movers
Kohl's Corporation (KSS) stock soared 12.3% to $47.3 in the pre-market trading on exclusive sale negotiations with Franchise Group.Helbiz Inc. (NASDAQ: HLBZ) shares are trading up 29.35% at $1.19 at the time of writing after its Founder and Chief Executive Officer, Salvatore Palella purchased 2,044,676 shares of Class A Common Stock.GitLab Inc. (GTLB) grew over 10.69% at $44.1 in pre-market trading today after reporting first quarter fiscal year 2023 financial results.TrueCar Inc. (TRUE), an Internet Content & Information company, rose about 9.17% at $3.57 in pre-market trading Tuesday after announcing its acquisition of Irvine, California-based Digital Motors.
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.
Top Upgrades & Downgrades
Berenberg turned bullish on Liberty Global plc (LBTYA), upgrading the stock to "Buy" and assigning a $30.00 price target, representing potential upside of 24.64% from Monday's close.Peabody Energy Corporation (BTU) has won the favor of Jefferies's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $36.00, suggesting 38.12% additional upside for the stock.Vale S.A. (VALE) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $24.00. They changed their rating on VALE to Buy from Hold in a recently issued research note.Earlier Tuesday B of A Securities reduced its rating on Praxis Precision Medicines Inc. (PRAX) stock to Neutral from Buy and assigned the price target to $4.00.Evercore ISI analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Devon Energy Corporation (DVN) has been changed to In-Line from Outperform and the new price target is set at $80.00.Analysts at Evercore ISI downgraded Occidental Petroleum Corporation (OXY)'s stock to In-Line from Outperform Tuesday.
Former Goldman Sachs Alum Sounds Alarm on "Next US Crisis"
Few believed Nomi Prins when she called the 2008 meltdown well in advance. Now, she's issuing a new prediction. Most Americans aren't yet prepared.
Latest Insider Activity
Howmet Aerospace Inc. (HWM) EVP and CFO Giacobbe Ken announced the sale of shares taking place on Jun 03 at $36.31 for some 63,304 shares. The total came to more than $2.3 million.CarLotz Inc. (LOTZ) CEO Peker Lev sold on Jun 03 a total 20,145 shares at $0.53 on average. The insider’s sale generated proceeds of almost $10596.Kodiak Sciences Inc. (KOD) Director BAKER BROS. ADVISORS LP declared the purchase of shares taking place on Jun 06 at $7.77 for some 303,917 shares. The transaction amount was around $2.36 million.NetApp Inc. (NTAP) EVP Finance & Operations, CFO BERRY MICHAEL J bought on Jun 03 a total 5,000 shares at $72.04 on average. The purchase cost the insider an estimated $360,216.
Elon Musk's Secret Project L.A.S.E.R.
After months of research, one legendary early stage investment expert has uncovered the complete story behind Elon Musk's secret L.A.S.E.R. project.
Important Earnings
Top US earnings releases scheduled for today include Chico's FAS Inc. (NYSE: CHS). It will announce its Apr 2022 financial results. The company is expected to report earnings of $0.09 per share from revenues of $490.1M in the three-month period.Analysts expect Dave & Buster's Entertainment Inc. (NASDAQ: PLAY) to report a net income (adjusted) of $1.15 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Apr 2022 is predicted to come in at $440.63M.Academy Sports and Outdoors Inc. (ASO), due to announce earnings before the market opens today, is expected to report earnings of $1.41 per share from revenues of $1.45B 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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