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- Jun 29 - NH - Morning Newsletter (with survey at top and bottom)
Jun 29 - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Trade Today
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Good Morning!
Wednesday sets the stage for a captivating chapter in the market's story as it steadily approaches the culmination of the second quarter and the first half of 2023, accompanied by impressive gains.In this exciting scene, stock futures rise ever so slightly, painting a picture of optimism and anticipation. The Dow Jones Industrial Average futures take the lead, gaining a solid 99 points, reflecting a 0.3% increase. Meanwhile, S&P 500 futures follow suit with their own upward climb of 0.3%. Not to be outdone, Nasdaq-100 futures leap forward with a significant 0.4% jump.As the curtains draw closer on the first half of 2023, the stock market shines with impressive performances. The S&P 500 showcases its resilience, boasting a remarkable 14% gain year-to-date. The Nasdaq Composite, driven by soaring optimism surrounding artificial intelligence, propels itself to new heights, ascending by nearly 30% — heading towards its best first half since 1983. However, the blue-chip Dow trails slightly behind, exhibiting a modest 2% increase. With expectations of a potentially volatile second half, Wall Street braces for the twists and turns that lie ahead.In the midst of this captivating narrative, Wednesday sees the S&P 500 closing near the flatline as investors digest the latest comments from Federal Reserve Chair Jerome Powell. Powell, addressing a forum sponsored by the European Central Bank, asserts that more restrictive policies are on the horizon as the Fed tackles inflation. The prospect of consecutive interest rate hikes looms large in his statements. Powell's sentiments align as he continues to share similar messages during a conference with the governor of the Bank of Spain in Madrid.Traders eagerly anticipate Thursday's unveiling of weekly jobless claims data, a vital clue that will shed light on the health of the labor market. With each development, the market's plot thickens, capturing the attention of investors and keeping them on the edge of their seat
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium - a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
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Today Top Movers
Micron Technology Inc. (MU)
stock gained 3.25% in price, reaching $69.25. In pre-market trading. Micron stock rises after posting better-than-expected Q3 results.
BlackBerry Limited (BB)
stock rose by 13.17% to $5.67. In pre-market trading, as of 07:22 AM EDT after the News reported few hours ago states that BlackBerry reported a surprise profit on cybersecurity strength.
Sigilon Therapeutics Inc. (SGTX)
stock experienced a significant increase of 715.60%, reaching $31.89. In pre-market trading, as of 07:33 AM EDT, there is no additional information.
Overstock.com Inc. (OSTK)
stock grew by 11.00% and reached $28.35. The reported news is from yesterday, stating that Overstock has acquired the Bed Bath & Beyond brand and other intellectual property.
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...
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Top Upgrades & Downgrades
Piper Sandler turned bullish on Micron Technology Inc. (MU), upgrading the stock to Neutral and assigning a $70 price target, representing potential upside of 4.37% from Wednesday's close.
FREYR Battery (FREY) 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 $13, suggesting 72.19% additional upside for the stock.
Intercept Pharmaceuticals, Inc. (ICPT) received an upgrade from analysts at Canaccord Genuity. They changed their rating on ICPT to Buy from Hold in a recently issued research note.
Earlier Thursday Credit Suisse reduced its rating on Pfizer Inc. (PFE) stock to Neutral from Outperform and assigned the price target to $40.
JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Inter & Co Inc. (INTR) has been changed to Neutral from Overweight.
Analysts at Keybanc downgraded The Walt Disney Company (DIS)'s stock to Sector Weight from Overweight Thursday.
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.
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Latest Insider Activity
AMC Entertainment Holdings Inc. (AMC) 10% Owner Antara Capital LP announced the sale of shares taking place on Jun 27 at $1.79 for some 3,573,030 shares. The total came to more than $6.4 million.
Alphatec Holdings Inc. (ATEC) EVP, PEOPLE/CULTURE & GC Hunsaker Craig E sold on Jun 28 a total 100,487 shares at $18.00 on average. The insider’s sale generated proceeds of almost $1.81 million.
Occidental Petroleum Corporation (OXY) 10% Owner BERKSHIRE HATHAWAY INC declared the purchase of shares taking place on Jun 28 at $57.02 for some 260,769 shares. The transaction amount was around $14.87 million.
MoonLake Immunotherapeutics (MLTX) 10% Owner Chen Bihua bought on Jun 26 a total 450,000 shares at $45.63 on average. The purchase cost the insider an estimated $20.54 million.
This Graphite Company is leading the Electric Vehicle Revolution
Graphite has emerged as a vital material in the resource sector, gaining prominence primarily due to its essential role in electric vehicle (EV) batteries.
We found a little-known graphite company exploring the potential of this mineral and is currently flying under Wall Street's radar.
This company's operations are positioning them as a leader in a critical industry with growing demand.
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Important Earnings
Top US earnings releases scheduled for today include NIKE Inc. (NYSE: NKE). It will announce its May 2023 financial results. The company is expected to report earnings of $0.67 per share from revenues of $12.59B in the three-month period.
Analysts expect SMART Global Holdings Inc. (NASDAQ:SGH) to report a net income (adjusted) of $0.4 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended May 2023 is predicted to come in at $375.5M.
Accolade Inc. (ACCD), due to announce earnings after the market closes today, is expected to report earnings of -$0.62 per share from revenues of $90.3M 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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