- Stocks Telegraph
- Posts
- Jun 15 - NH - Morning Newsletter (with survey at top and bottom)
Jun 15 - NH - Morning Newsletter (with survey at top and bottom)
The Morning Market Update: 4 Stocks that are on Fire
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
Stock futures took a slight dip on Thursday following the Federal Reserve's decision to hold off on a rate hike at its latest meeting. However, the central bank hinted that two more rate hikes could be on the horizon later this year, keeping investors on their toes.The Dow Jones Industrial Average futures slipped 37 points, signaling a cautious start. Meanwhile, the S&P 500 and Nasdaq-100 futures also pulled back, showing a slight retreat of 0.3% and 0.5%, respectively.Market watchers will have their eyes on several corporate earnings announcements. Kroger, Jabil, and John Wiley are set to unveil their earnings reports in the morning, while Adobe's results will be revealed after the closing bell.In Wednesday's trading session, both the S&P 500 and the Nasdaq Composite reached their highest levels since April 2022, reflecting the market's positive sentiment. The S&P 500 closed slightly higher by 0.08%, extending its winning streak to five consecutive sessions, marking the longest stretch of gains since November 2021. The Nasdaq climbed 0.39%, showcasing its tech-driven resilience, while the Dow experienced a modest decline of 0.68%.As investors continue to navigate market movements and corporate earnings, the focus remains on how the Federal Reserve's future decisions will shape the trajectory of the stock market in the coming months.
Copper Company Reaches Agreement To Expand Copper-Gold Project
Investors - this copper company recently reached an agreement to expand its copper-gold project. Copper is the third most-consumed industrial metal in the world and massive infrastructure spending is expected to drive the price of copper to new all-time highs. This company has solid market fundamentals and a proven track record.
Sponsored
Today Top Movers
MicroVision Inc. (MVIS) stock soared 26.74% to $5.83 in the pre-market trading after announcing withdrawal of public offering of common stock.
Mullen Automotive Inc. (NASDAQ: MULN) shares are trading up 13.91% at $0.2563 at the time of writing after providing a business update letter to shareholders.
Inventiva S.A. (IVA) grew over 10.49% at $4.32 in pre-market trading today. The company recently announced positive topline results of the clinical study conducted by Dr. Kenneth Cusi from the University of Florida, evaluating lanifibranor in patients with NAFLD and type 2 diabetes mellitus (T2D).
Aldeyra Therapeutics Inc. (ALDX), a Biotechnology company, rose about 9.42% at $11.44 in pre-market trading Thursday. The company will host a webcast and conference call today, 8:00 a.m. (ET) to provide top-line results from the Phase 3 INVIGORATE‑2 Trial of reproxalap in allergic conjunctivitis.
Whitney Tilson: Buy ONLY These 5 AI Stocks RIGHT NOW
Breakthrough innovations like ChatGPT are just the tip of the iceberg in the coming $87 trillion AI revolution. Startups are being funded at a crazy pace, and AI is 2023's hottest topic. But legendary investor Whitney Tilson urges caution.
Sponsored
Top Upgrades & Downgrades
TD Cowen turned bullish on Kohl's Corporation (KSS), upgrading the stock to Outperform and assigning a $30 price target, representing potential upside of 9.93% from Wednesday's close.
Corning Incorporated (GLW) has won the favor of Citigroup's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $40, suggesting 20.34% additional upside for the stock.
Emerson Electric Co. (EMR) received an upgrade from analysts at HSBC, who also set their one-year price target on the stock to $100. They changed their rating on EMR to Buy from Hold in a recently issued research note.
Earlier Thursday Barclays reduced its rating on Bright Health Group Inc. (BHG) stock to Underweight from Overweight and assigned the price target to $8.
Deutsche Bank analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Gol Linhas Aereas Inteligentes S.A. (GOL) has been changed to Hold from Buy and the new price target is set at $5.
Analysts at Piper Sandler downgraded Redwood Trust Inc. (RWT)'s stock to Neutral from Overweight Thursday.
146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
Sponsored
Latest Insider Activity
Cloudflare Inc. (NET) President and COO Zatlyn Michelle announced the sale of shares taking place on Jun 14 at $67.85 for some 12,820 shares. The total came to more than $0.87 million.
Pure Storage Inc. (PSTG) Chief Product Officer Singh Ajay sold on Jun 13 a total 37,084 shares at $36.42 on average. The insider’s sale generated proceeds of almost $1.35 million.
Caesars Entertainment Inc. (CZR) Chief Executive Officer Reeg Thomas declared the purchase of shares taking place on Jun 14 at $49.43 for some 7,500 shares. The transaction amount was around $0.37 million.
Bionano Genomics Inc. (BNGO) Director Mamuszka Hannah bought on Jun 13 a total 65,789 shares at $0.76 on average. The purchase cost the insider an estimated $50,000.
Five Top Tech Stocks to Own Now
Warren Buffett says that a "climate of fear is your friend when investing; a euphoric world is your enemy."
"The time to buy is when there's blood in the streets, even if the blood is your own."
With a good deal of fear priced into the tech sector, here are five hot stocks to consider.
Sponsored
Important Earnings
Top US earnings releases scheduled for today include The Kroger Co. (NYSE: KR). It will announce its Apr 2023 financial results. The company is expected to report earnings of $1.46 per share from revenues of $45.24B in the three-month period.
Analysts expect Jabil Inc. (NYSE: JBL) to report a net income (adjusted) of $1.87 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended May 2023 is predicted to come in at $8.2B.
Adobe Inc. (ADBE), due to announce earnings after the market closes today, is expected to report earnings of $3.79 per share from revenues of $4.43B 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.