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- 8 Apr - ST - Morning Newsletter (with survey at top and bottom)
8 Apr - ST - Morning Newsletter (with survey at top and bottom)
4 Active Stocks Closing the Week Strong
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Good Morning!
Yesterday we saw a recovery on Wall Street as the VIX index falls back to the stable zone of 21.5 points. The S&P 500 closed 0.47% higher at 4,500 points. After a brief dip during the opening of the US stock market, the broad stock index started to recover, fueled by Thermo Fisher Scientific (+4.22%) PerkinElmer (+3.79%) and Zoetis (+3.42%) among others.The Nasdaq 100 followed the same path , closing 0.22% higher at 14,530 points. Chinese technology stocks in the index were once again among the biggest losers. Baidu and Pinduoduo closed 3.08 and 6.45% lower, respectively.The Dow closed 90 points higher, representing a daily result of plus 0.26%.It was Visa and Mastercard that were among the biggest losers. In the corridors of the imaginary Wall Street, it is rumored that major banks want to use Zelle, a digital payment network, to compete with Visa and Mastercard.
Don't Miss Your Chance to Get Rich in the 2022 Gold Bull Market
Gold is soaring. And smart investors are jumping into the small-cap gold sector where outsized returns are being fueled by a rising tide for precious metals in the face of rampant inflation and geopolitical turmoil. This small-cap gold explorer is trading undiscovered below US$0.25 per share. It's drilling now and already hitting high-grade gold plus silver.
Today Top Movers
CrowdStrike Holdings Inc. (CRWD) stock soared 3.77% to $225.21 in the pre-market trading after announcing that it has been granted a Provisional Authorization to Operate (P-ATO) at Impact Level 4 (IL-4).
Paysafe Limited (NYSE: PSFE) shares are trading up 9.7% at $3.28 at the time of writing following the declaration from the company that it has expanded its partnership with betPARX®. The company also announced the appointment of Bruce Lowthers as the new CEO.
Aterian Inc. (ATER) grew over 18.18% at $4.55 in pre-market trading today after reporting that it has been recognized in the third annual Financial Times ranking of The Americas Fastest Growing Companies.
WD-40 Company (WDFC), a Specialty Chemicals company, rose about 7.21% at $187.1 in pre-market trading Friday. The firm recently reported that total net sales for the Q2 were $130.0 million, an increase of 16% compared to the prior year's fiscal quarter.
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.
Top Upgrades & Downgrades
RBC Capital turned bullish on Gatos Silver Inc. (GATO), upgrading the stock to Sector perform and assigning a $4.00 price target.
AppFolio Inc. (APPF) has won the favor of Keybanc's equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $143.00, suggesting 28.82% additional upside for the stock.
Telefonaktiebolaget LM Ericsson (ERIC) received an upgrade from analysts at Grupo Santander, who also set their one-year price target on the stock to $11.20. They changed their rating on ERIC to Outperform from Underperform in a recently issued research note.
Earlier Friday Piper Sandler reduced its rating on Shoals Technologies Group Inc. (SHLS) stock to Neutral from Overweight and assigned the price target to $16.00.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for FTC Solar Inc. (FTCI) has been changed to Neutral from Overweight and the new price target is set at $4.00.
Analysts at Credit Suisse downgraded Alcoa Corporation (AA)'s stock to Neutral from Outperform Friday.
How to Take Advantage of the Global Chip Shortage Today!
The global chip shortage is expected to last into 2023. The shortage has affected many industries over the past few months - from Automobiles to Telecommunications to Consumer electronics. Today investors can take advantage of this record demand by adding these 4 semiconductor stocks to their portfolio.
Latest Insider Activity
Meta Platforms Inc. (FB) Chief Legal Officer Newstead Jennifer announced the sale of shares taking place on Apr 05 at $233.92 for some 476 shares. The total came to more than $111,346.
Marvell Technology Inc. (MRVL) Director Tamer Ford sold on Apr 05 a total 48,051 shares at $71.61 on average. The insider’s sale generated proceeds of almost $3.44 million.
Luminar Technologies Inc. (LAZR) Chairperson, President & CEO Russell Austin declared the purchase of shares taking place on Apr 05 at $15.67 for some 15,000 shares. The transaction amount was around $235,096.
Franklin Resources Inc. (BEN) Affiliate of Investment Adv. FRANKLIN RESOURCES INC bought on Apr 01 a total 998,370 shares at $12.27 on average. The purchase cost the insider an estimated $12.25 million.
"New Oil" Crisis Leads to BOOM for Investors
Often called the "new oil," lithium is at the core of the shift to renewable energy. But failing to secure more domestic lithium sources could cripple the budding fuel revolution, as China continues to have supplies locked down tight. That's why investors are looking at new opportunities in Nevada, the epicenter of North American lithium.
Important Earnings
Top Upcoming US earnings releases include Biofrontera Inc. (NASDAQ:BFRI). It will announce its Dec 2021 financial results. The company is expected to report earnings of -$0.18 per share from revenues of $9.24M in the three-month period.
Analysts expect OrganiGram Holdings Inc. (NASDAQ:OGI) to report a net income of -$0.02 per share when the company releases its quarterly results on Tuesday. Revenue for the fiscal quarter ended Feb 2022 is predicted to come in at $25.79M.
CarMax Inc. (KMX), due to announce earnings before the market opens Tuesday, is expected to report earnings of $1.27 per share from revenues of $7.54B 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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