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- Jul 21 - NH - Morning Newsletter (with survey at top and bottom)
Jul 21 - NH - Morning Newsletter (with survey at top and bottom)
Navigating Market Volatility: 4 Resilient Stocks for Stable Returns
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Good Morning!
It's another exhilarating day on Wall Street as stock futures ride the waves of corporate earnings reports, setting the stage for an exciting trading session. The Dow Jones Industrial Average is eager to extend its winning streak to an impressive 10 sessions, while the broader market sentiment remains upbeat.In the premarket, futures tied to the Dow nudge up by a modest 15 points, signaling a positive start to the day with a 0.04% gain. The S&P 500 futures are in a more jubilant mood, soaring by 0.3%, and the tech-heavy Nasdaq-100 futures are joining the celebration, ticking up a solid 0.5%.However, not all companies are basking in the glory of stellar earnings. Transportation giants CSX and Knight-Swift find themselves in the hot seat after their earnings reports underwhelmed Wall Street analysts, leading to a 5% dip each in the premarket. But fret not, as it's just part of the thrilling rollercoaster ride that is the stock market.Indeed, corporate earnings have been a mixed bag this season. While an impressive 73% of S&P 500 companies have outperformed analysts' expectations, that beat rate is slightly below the three-year average of 80%. It's a nail-biting moment for investors as they eagerly await further reports to gauge the market's direction.Looking back, Wall Street had its ups and downs during the previous session. The S&P 500 and Nasdaq Composite faced some headwinds, experiencing losses of around 0.7% and 2%, respectively. However, the Dow took center stage, adding nearly 164 points, or about 0.5%, marking a stunning nine-day rally, its longest streak since 2017! The Dow's triumphant move also propelled it to its highest close since March 2022.As the week wraps up, the Dow and S&P 500 seem poised to finish with solid gains of about 2.1% and 0.7%, respectively. On the flip side, the Nasdaq, while having a stellar run, is expected to end slightly lower by 0.4%, with just one more session to go.With traders eagerly anticipating the day's action, the market is abuzz with excitement. The Dow's quest for an impressive winning streak, mixed earnings reports, and the broader market performance are all part of the captivating drama unfolding on Wall Street. So, fasten your seatbelts and get ready for another thrilling trading session!
Our Top 4 "Cheap Stocks" for the Rest of 2023
The stock market has had a fantastic first half of 2023, with historic gains for the Nasdaq in particular.
And our analysts have uncovered 4 "cheap stocks" that could benefit from bullish conditions heading into the back half of the year.
A small move in share price can go a long way with these four.
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Today Top Movers
BioNexus Gene Lab Corp Common stock (BGLC) stock soared 54.62% to $7.53 in the pre-market trading after announcing pricing of $5 million public offering and uplisting to the Nasdaq Capital Market.
T2 Biosystems Inc. (NASDAQ: TTOO) shares are trading up 10.49% at $0.1106 at the time of writing. The company recently reported that the FDA has granted Breakthrough Device designation for the Company’s Candida auris (C. auris) direct-from-blood molecular diagnostic test.
Emergent BioSolutions Inc. (EBS) grew over 16.71% at $8.24 in pre-market trading today following the receipt of U.S. FDA approval of CYFENDUS™, previously known as AV7909, a Two-Dose Anthrax Vaccine for Post-Exposure Prophylaxis Use.
Digital World Acquisition Corp. (DWAC), a Shell Companies company, rose about 18.86% at $15.88 in pre-market trading Friday. The company reached settlement with SEC, paving way for form S-4 registration statement review.
Legends Who Predicted NVIDIA Spike Make New Prediction
Andy and Landon Swan have developed a secret online signal that predicts big stock moves - BEFORE they happen. They used it to lock in a 669% gain on NVIDIA. Now they have a potentially BIGGER opportunity.
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Top Upgrades & Downgrades
Baird turned bullish on WNS (Holdings) Limited (WNS), upgrading the stock to "Outperform" and assigning a $86 price target, representing potential upside of 25.68% from Thursday's close.
SL Green Realty Corp. (SLG) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $41, suggesting 21.99% additional upside for the stock.
Abbott Laboratories (ABT) received an upgrade from analysts at Wolfe Research. They changed their rating on ABT to Peer Perform from Underperform in a recently issued research note.
Earlier Friday Pivotal Research reduced its rating on Sirius XM Holdings Inc. (SIRI) stock to Sell from Hold and assigned the price target to $4.5.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Discover Financial Services (DFS) has been changed to Neutral from Overweight and the new price target is set at $112.
Analysts at JP Morgan downgraded XPeng Inc. (XPEV)'s stock to Underweight from Neutral Friday.
Put These 4 "Cheap Stocks" on Your Radar...
When you're on a budget, finding amazing stocks that are also affordable can be a challenge.
But our analysts have found the Top 4 "cheap stocks" that savvy investors should definitely put on their radar!
All 4 offer the potential for strong returns, while also providing the opportunity to diversify your portfolio.
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Latest Insider Activity
ViewRay Inc. (VRAY) Director Drake Scott William announced the sale of shares taking place on Jul 18 at $0.06 for some 2,408,747 shares. The total came to more than $0.15 million.
ProPetro Holding Corp. (PUMP) Director GOBE PHILLIP A sold on Jul 19 a total 20,000 shares at $10.00 on average. The insider’s sale generated proceeds of almost $0.2 million.
Aqua Metals Inc. (AQMS) Director SMITH EDWARD J declared the purchase of shares taking place on Jul 19 at $1.10 for some 90,500 shares. The transaction amount was around $99550.0.
Lockheed Martin Corporation (LMT) Director Donovan John bought on Jul 19 a total 548 shares at $457.07 on average. The purchase cost the insider an estimated $250,476.
179% Profit on a "Magic 9" Stock
Multimillionaire trading legend Bryan Bottarelli has uncovered something rather peculiar...
A group of 9 stocks trading at an extraordinary success rate.
Better yet, one of these 9 stocks turned a 179% profit within just a few days!
See how Bryan has been using these 9 stocks to rack up win after win at his FREE training today.
>> SHOW ME THE 9 PECULIAR STOCKS
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Important Earnings
Top US earnings releases scheduled for today include Huntington Bancshares Incorporated (NASDAQ:HBAN). It will announce its Jun 2023 financial results. The company is expected to report earnings of $0.34 per share from revenues of $1.84B in the three-month period.
Analysts expect Regions Financial Corporation (NYSE:RF) to report a net income (adjusted) of $0.59 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2023 is predicted to come in at $1.95B.
Schlumberger Limited (SLB), due to announce earnings before the market opens today, is expected to report earnings of $0.71 per share from revenues of $8.22B 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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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.