- Stocks Telegraph
- Posts
- 9 June - NH - Morning Newsletter (with survey at top and bottom)
9 June - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks Making Big Pre-Market Moves
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
On June 8 trading session, the US stock exchanges ended with a decline in major indices. The S&P 500 fell 1.08% to 4116 points, the Nasdaq shed 0.73% and the Dow Jones corrected 0.81%. Most sectors closed in the red zone. A noticeable drop was shown by the real estate sector (-2.40%) and commodity companies (-2.08%). Issuers from the energy sector showed positive dynamics (+0.22%) due to the growth of oil quotations.Company news
During the Investor Day, the CEO of Spotify (SPOT: +6.03%) stated that the podcast segment could potentially generate an annual rate of return of 40-50%. The direction of audiobooks is expected to provide a 40% margin.
Caterpillar (CAT: +1.19%) raised its quarterly dividend by 8% to $1.20 per share. The forward yield will be 2.09% per annum.
General Motors (GM: -1.77%) will begin production of the Chevrolet Tracker SUV in Argentina next month.
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
Tesla Inc. (TSLA) stock soared 3.16% to $748.51 in the pre-market trading. The company received an upgrade from UBS, who also set their one-year price target on the stock to $1100.00. They changed their rating on TSLA to Buy.
Smart for Life Inc. (NASDAQ: SMFL) shares are trading up 14.59% at $0.5088 at the time of writing after reporting that due diligence is complete and the previously announced pending acquisition of Ceautamed Worldwide, LLC is on track for closing this month.
SeaChange International Inc. (SEAC) grew over 17.53% at $0.8785 in pre-market trading today after releasing fiscal first quarter 2023 financial and operational results.
WISeKey International Holding AG (WKEY) rose about 3.45% at $1.50 in pre-market trading Thursday. The company recently announced a secure supply chain management product integrating IoT devices, Satellite technology, and Blockchain.
Are you ready to earn more income?
America's #1 trading champion, Chuck Hughes, wants to share his tips and tricks with you, but hurry! Time is running out. Get a free copy of "Options Trading Made Easy" when you register for the Trade of the Day eletter. Full of advice, tips, and tricks!
Top Upgrades & Downgrades
Craig-Hallum turned bullish on Ollie's Bargain Outlet Holdings Inc. (OLLI), upgrading the stock to "Buy" and assigning a $75.00 price target, representing potential upside of 40.5% from Wednesday's close.
Magellan Midstream Partners L.P. (MMP) has won the favor of Goldman Sachs's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $59.00, suggesting 10.92% additional upside for the stock.
Pentair plc (PNR) received an upgrade from analysts at Barclays, who also set their one-year price target on the stock to $50.00. They changed their rating on PNR to Equal-Weight from Overweight in a recently issued research note.
Earlier Thursday JP Morgan reduced its rating on The Scotts Miracle-Gro Company (SMG) stock to Neutral from Overweight and assigned the price target to $95.00.
Wolfe Research analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Sotera Health Company (SHC) has been changed to Peer Perform from Outperform and the price target is set at $26.00.
Analysts at William Blair downgraded Precision BioSciences Inc. (DTIL)'s stock to Market Perform from Outperform Thursday.
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.
Latest Insider Activity
Roku Inc. (ROKU) SVP and GM of Account Acquisit Ozgen Mustafa announced the sale of shares taking place on Jun 08 at $100.00 for some 4,973 shares. The total came to more than $0.5 million.
Cleveland-Cliffs Inc. (CLF) Director Taylor Douglas C sold on Jun 08 a total 21,850 shares at $22.77 on average. The insider’s sale generated proceeds of almost $0.5 million.
BARK Inc. (BARK) Director Werdelin Henrik declared the purchase of shares taking place on Jun 06 at $1.72 for some 16,850 shares. The transaction amount was around $29030.0.
Chewy Inc. (CHWY) Director STAR JAMES A bought on Jun 06 a total 144,509 shares at $27.71 on average. The purchase cost the insider an estimated $4.0 million.
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.
Important Earnings
Top US earnings releases scheduled for today include NIO Inc. (NYSE: NIO). It will announce its Mar 2022 financial results. The company is expected to report earnings of -$0.13 per share from revenues of $1.49B in the three-month period.
Analysts expect Bilibili Inc. (NASDAQ:BILI) to report a net income (adjusted) of -$0.62 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2022 is predicted to come in at $755.72M.
FuelCell Energy Inc. (FCEL), due to announce earnings before the market opens today, is expected to report earnings of -$0.05 per share from revenues of $32.58M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.