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- Jun 30 - NH - Morning Newsletter (with survey at top and bottom)
Jun 30 - NH - Morning Newsletter (with survey at top and bottom)
Stock Market Advice: 4 Stocks that are Worth Buying
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Good Morning!
Excitement is building in the world of stock trading as Friday morning reveals a mix of fortunes for U.S. equity futures. Investors are on the edge of their seats, eagerly awaiting the latest data on personal consumption expenditures, a crucial indicator of inflation that the Federal Reserve holds in high regard.The scene is set with futures tied to the Dow Jones Industrial Average, which timidly inch lower by a mere 11 points, equivalent to a fractional 0.03% decline. However, in a contrasting move, S&P 500 futures boldly tick higher, showcasing a promising 0.07% increase. Meanwhile, Nasdaq 100 futures take the lead with a notable rise of 0.2%, painting an optimistic picture for the tech-heavy index.Looking back at Thursday's thrilling trading session, the Dow displayed its prowess by leaping nearly 270 points, equivalent to a remarkable 0.8% surge, thanks in part to the support from major banking giants. The S&P 500 followed suit, adding close to 0.5% to its value, while the Nasdaq Composite maintained its composure, ending the day on a relatively even note.The significance of this Friday cannot be overstated, as it marks not only the end of June but also signifies the culmination of the second quarter and the first half of the year. Investors are acutely aware of the pivotal nature of this day, eagerly assessing the current standing of the indexes based on Thursday's closing figures. The stage is set for a day filled with anticipation and strategic decision-making.
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2023
If you missed the boat on Tesla stocks, it's not too late! But don't follow the crowd and think EV makers are the most exciting investment. The smart money is focused on the miners that supply battery-grade lithium to EV manufacturers. With lithium demand expected to increase 10x by 2030, this industry is set to explode...
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Today Top Movers
Black Diamond Therapeutics Inc. (BDTX) stock soared 15.71% to $5.82 in the pre-market trading after announcing pricing of public offering of common stock.
Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) shares are trading up 15.72% at $10.6 at the time of writing. The company recently announced that its Board of Directors has initiated an exploration of strategic alternatives.
XPeng Inc. (XPEV) grew over 7.44% at $12.71 in pre-market trading today following the launch of the G6 Ultra Smart Coupe SUV in China.
Accolade Inc. (ACCD), a Health Information Services company, rose about 12.97% at $14.28 in pre-market trading Friday after releasing results for fiscal first Quarter 2024.
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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Top Upgrades & Downgrades
CLSA turned bullish on XPeng Inc. (XPEV), upgrading the stock to Outperform and assigning a $13.1 price target, representing potential upside of 10.74% from Thursday's close.
NVIDIA Corporation (NVDA) has won the favor of Daiwa Capital's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $475, suggesting 16.36% additional upside for the stock.
Carnival Corporation & plc (CCL) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $25. They changed their rating on CCL to Buy from Hold in a recently issued research note.
Earlier Friday BMO Capital reduced its rating on Ero Copper Corp. (ERO) stock to Market Perform from Outperform and assigned the price target to $24.
Bernstein analysts reduced their investment ratings, saying in research reports covered by the media that its rating for BeiGene Ltd. (BGNE) has been changed to Market Perform from Outperform and the new price target is set at $196.
Analysts at Piper Sandler downgraded Innovative Industrial Properties Inc. (IIPR)'s stock to Neutral from Overweight Friday.
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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Latest Insider Activity
Natera Inc. (NTRA) CHIEF FINANCIAL OFFICER Brophy Michael Burkes announced the sale of shares taking place on Jun 29 at $51.11 for some 1,377 shares. The total came to more than $70378.0.
C3.ai Inc. (AI) SVP & Chief Financial Officer Parkkinen Juho sold on Jun 29 a total 4,220 shares at $36.12 on average. The insider’s sale generated proceeds of almost $0.15 million.
ONEOK Inc. (OKE) President & CEO NORTON PIERCE declared the purchase of shares taking place on Jun 29 at $60.96 for some 24,607 shares. The transaction amount was around $1.5 million.
Adicet Bio Inc. (ACET) Director GORDON CARL L bought on Jun 27 a total 875,000 shares at $2.09 on average. The purchase cost the insider an estimated $1.83 million.
Claim $10,000 in FREE Silver in 2023
Thanks to forgotten 50-year-old legislation, often ignored by investment advisors, gold bugs, and silver hounds... You can now collect $10,000 or more in free silver.
Millions of Americans know NOTHING about this... Because it exploits a "glitch" in the IRS tax code that helps protect your retirement... While paying ZERO TAXES & PENALTIES to do it. That's why you need to see this NOW.
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Important Earnings
Top Upcomming US earnings releases scheduled include Constellation Brands Inc. (NYSE: STZ). It will announce its May 2023 financial results. The company is expected to report earnings of $2.83 per share from revenues of $2.47B in the three-month period.
Analysts expect Levi Strauss & Co. (NYSE: LEVI) to report a net income (adjusted) of $0.03 per share, when the company releases its quarterly results Thursday. Revenue for the fiscal quarter ended May 2023 is predicted to come in at $1.34B.
Simulations Plus Inc. (SLP), due to announce earnings after the market closes Thursday, is expected to report earnings of $0.2 per share from revenues of $16.34M 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.