- Stocks Telegraph
- Posts
- Jun 20 - NH - Morning Newsletter (with survey at top and bottom)
Jun 20 - NH - Morning Newsletter (with survey at top and bottom)
The Morning Stock News: 4 Stocks that are Taking Off
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
Investors started Tuesday with a slight dip in stock futures as they prepared for a week of trading shortened by a holiday.Futures tied to the Dow Jones Industrial Average declined by 152 points (0.44%), while S&P 500 futures and Nasdaq 100 futures both pulled back by 0.29%.Monday's regular trading session was closed in observance of the Juneteenth holiday, giving investors a moment to reflect on the strong performance from the previous week.Despite a slip in the major averages on Friday, both the S&P 500 and the Nasdaq Composite had their best weekly gains since March. The broad-market benchmark rose by 2.6%, while the tech-heavy index added an impressive 3.25%. Notably, it marked the fifth consecutive positive week for the S&P 500, a first since November 2021, and the eighth consecutive positive week for the Nasdaq, matching a feat achieved back in 2019.Turning to earnings, investors are eagerly awaiting the quarterly report from shipping giant FedEx, which is expected to be released after the closing bell on Tuesday.As the week progresses, investors will keep a close eye on market developments and data releases, seeking insights to guide their investment decisions.
Five Top Summer Stocks to Buy and Hold Now
With the official start to summer is just days away, 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.
Sponsored
Today Top Movers
Evelo Biosciences Inc. (EVLO) stock soared 69.25% to $0.2031 in the pre-market trading following the filing of 8-K form with the SEC.
Liquid Media Group Ltd. (NASDAQ: YVR) shares are trading up 39.25% at $0.226 at the time of writing. The company recently announced the sale of its wholly-owned subsidiary IndieFlix Group for an aggregate purchase price of US$1.2M.
Navidea Biopharmaceuticals Inc. (NAVB) grew over 22.37% at $0.1083 in pre-market trading today after announcing that its Board of Directors declared a dividend of one one-thousandth of a share of newly designated Series K Preferred Stock, par value $0.001 per share, for each outstanding share of the Company’s common stock held of record as of 5:00 p.m. Eastern Time on June 27, 2023.
Tivic Health Systems Inc. (TIVC), a Medical Devices company, rose about 20.3% at $0.1185 in pre-market trading Tuesday. The company filed 8-K form with SEC.
The #1 stock for 2023
Investment expert Brad Thomas knows how to pick stocks.
He bought Starbucks back in 2006...
He bought Nike in 2003...
And he and his team delivered a perfect track record from March 2020 to September 2022.
Now, for a limited time, he's revealing his #1 stock for 2023...
Sponsored
Top Upgrades & Downgrades
Morgan Stanley turned bullish on Avis Budget Group Inc. (CAR), upgrading the stock to Overweight and assigning a $230 price target, representing potential upside of 12.59% from Friday's close.
Baidu Inc. (BIDU) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $190, suggesting 30.94% additional upside for the stock.
Philip Morris International Inc. (PM) received an upgrade from analysts at Citigroup, who also set their one-year price target on the stock to $117. They changed their rating on PM to Buy from Neutral in a recently issued research note.
Earlier Tuesday Raymond James reduced its rating on Palantir Technologies Inc. (PLTR) stock to Outperform from Strong Buy and assigned the price target to $18.
Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Performance Food Group Company (PFGC) has been changed to Equal-Weight from Overweight and the new price target is set at $66.
Analysts at HC Wainwright & Co. downgraded Surface Oncology Inc. (SURF)'s stock to Neutral from Buy Tuesday.
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
Latest Insider Activity
Walgreens Boots Alliance Inc. (WBA) 10% Owner Walgreens Boots Alliance, Inc. announced the sale of shares taking place on Jun 15 at $181.17 for some 275,984 shares. The total came to more than $50.0 million.
AmerisourceBergen Corporation (ABC) 10% Owner Walgreens Boots Alliance, Inc. sold on Jun 15 a total 275,984 shares at $181.17 on average. The insider’s sale generated proceeds of almost $50.0 million.
Consolidated Edison Inc. (ED) VP & Controller Miller Joseph declared the purchase of shares taking place on Jun 15 at $92.95 for some 1 shares. The transaction amount was around $91.0.
Altus Power Inc. (AMPS) 10% Owner GSO Altus Holdings LP bought on Jun 14 a total 45,000 shares at $5.47 on average. The purchase cost the insider an estimated $246,177.
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
Sponsored
Important Earnings
Top US earnings releases scheduled include Algoma Steel Group Inc. (NASDAQ: ASTL). It will announce its Mar 2023 financial results. The company is expected to report earnings of -$0.03 per share from revenues of $669.95M in the three-month period.
Analysts expect Winnebago Industries Inc. (NYSE: WGO) to report a net income (adjusted) of $1.83 per share, when the company releases its quarterly results Tuesday. Revenue for the fiscal quarter ended May 2023 is predicted to come in at $961.04M.
FedEx Corporation (FDX), due to announce earnings after the market closes today, is expected to report earnings of $4.89 per share from revenues of $22.72B 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.