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- Jul 25 - NH - Morning Newsletter (with survey at top and bottom)
Jul 25 - NH - Morning Newsletter (with survey at top and bottom)
Spotlight on Growth: Exploring 4 Stocks with Strong Market Potential
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Good Morning!
U.S. stock futures started the day relatively unchanged on Tuesday, following the impressive winning streak of the Dow Jones Industrial Average, which reached its longest run since February 2017.Dow Jones Industrial Average futures showed a slight decline of one point, while S&P 500 futures displayed a modest rise of 0.03%. Nasdaq 100 futures showed more promise with a climb of 0.18%.During regular trading, the Dow continued its triumphant run, gaining over 183 points, equivalent to 0.5%. This extraordinary performance marked the 11th consecutive session of gains for the 30-stock index, reaching its highest level since April 2022, and attaining the highest closing value since February 2022. Meanwhile, the S&P 500 and the Nasdaq Composite contributed to the market's positive sentiment with gains of 0.4% and 0.2%, respectively.The prevailing optimism can be attributed to a robust earnings season, which has bolstered the market rally. However, investors are also closely monitoring the Federal Reserve's upcoming policy decision on Wednesday.In terms of corporate updates, General Electric, General Motors, and Verizon are among the companies scheduled to report earnings on Tuesday morning. The anticipation is further heightened with tech giants Alphabet and Microsoft slated to reveal their quarterly results after the closing bell. Additionally, Wall Street will be keenly observing the consumer confidence data for the month of July.With the combination of a strong earnings season and the Federal Reserve's impending announcement, the market remains poised for an eventful and dynamic trading session.
Five Top Summer Stocks to Buy and Hold Now
With the official start to summer here, there's still time to load up on warmer-weather stocks. That includes your travel stocks, weight loss stocks, oil stocks, and even hurricane-related stocks, with storm-season kicking into high gear, too.
In fact, here are five with a history of moving every summer. Enjoy.
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Today Top Movers
AppHarvest Inc. (APPH) stock soared 22.56% to $0.1103 in the pre-market trading after announcing Chapter 11 filing to support a financial and operational transition.
Electra Battery Materials Corporation (NASDAQ: ELBM) shares are trading up 59.35% at $1.96 at the time of writing following the declaration from the company that its battery grade cobalt supply agreement with LG Energy Solution (LGES), has been extended and expanded from terms initially announced in September 2022.
Spire Global Inc. (SPIR) grew over 11.92% at $0.704 in pre-market trading today as it secures a €16 million contract from the European Space Agency (ESA) to develop a global space-based independent aircraft surveillance system for the EURIALO project.
F5 Inc. (FFIV), a Software - Infrastructure company, rose about 9.84% at $164.99 in pre-market trading Tuesday after reporting 4% third quarter fiscal year 2023 revenue growth.
New incredibly accurate A.I. system predicts Tesla's stock price
Just recently TradeSmith, one of the world's most cutting-edge financial tech companies, rolled out a brand-new A.I. predictive system called An-E which stands for Analytical Engine.
You can get all the details behind An-E, including its latest prediction about Tesla by going here.
I think you'll be surprised by where An-E says Tesla's heading...
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Top Upgrades & Downgrades
JP Morgan turned bullish on Huntington Bancshares Incorporated (HBAN), upgrading the stock to "Neutral" and assigning a $13 price target, representing potential upside of 7.35% from Monday's close.
Datadog Inc. (DDOG) has won the favor of Wolfe Research's equity research team. The firm upgraded the shares from Peer Perform to Outperform and moved their price target to $140, suggesting 25.57% additional upside for the stock.
Walmart Inc. (WMT) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $210. They changed their rating on WMT to Overweight from Neutral in a recently issued research note.
Earlier Tuesday Citigroup reduced its rating on The Goldman Sachs Group Inc. (GS) stock to Neutral from Buy and assigned the price target to $400.
Atlantic Equities analysts reduced their investment ratings, saying in research reports covered by the media that its rating for The Walt Disney Company (DIS) has been changed to Underweight from Neutral and the new price target is set at $76.
Analysts at Morgan Stanley downgraded The Progressive Corporation (PGR)'s stock to Underweight from Equal-Weight Tuesday.
"I only trade ONE stock & I NEVER worry about..."
The name of the ONE stock (ticker symbol and all) that has helped over 170,000 people discover how to gain their financial freedom...
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Latest Insider Activity
Natera Inc. (NTRA) CEO AND PRESIDENT Chapman Steven Leonard announced the sale of shares taking place on Jul 24 at $47.83 for some 2,578 shares. The total came to more than $0.12 million.
Roivant Sciences Ltd. (ROIV) President & COO Venker Eric sold on Jul 24 a total 33,081 shares at $10.93 on average. The insider’s sale generated proceeds of almost $0.36 million.
Verrica Pharmaceuticals Inc. (VRCA) Director Manning Paul B declared the purchase of shares taking place on Jul 24 at $5.02 for some 200,000 shares. The transaction amount was around $1.0 million.
Lennar Corporation (LEN) Director Banse Amy bought on Jul 21 a total 790 shares at $126.42 on average. The purchase cost the insider an estimated $99,872.
Discover An Emerging Key Player In The Block-chain Space
We found a company that's emerged as a key player in the block-chain space.
Its shares moved approx. 160% in a single session after opening at $.005 on 7/3/23 and reached $.013 intraday.
The global block-chain tech market is projected to reach $1.5Tn by 2030.
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Important Earnings
Top US earnings releases scheduled for today include Verizon Communications Inc. (NYSE:VZ). It will announce its Jun 2023 financial results. The company is expected to report earnings of $1.16 per share from revenues of $33.28B in the three-month period.
Analysts expect General Motors Company (NYSE:GM) to report a net income (adjusted) of $1.85 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2023 is predicted to come in at $42.64B.
NextEra Energy Inc. (NEE), due to announce earnings before the market opens today, is expected to report earnings of $0.82 per share from revenues of $6.23B 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.