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- May 09 - NH - Morning Newsletter (with survey at top and bottom)
May 09 - NH - Morning Newsletter (with survey at top and bottom)
Early Movers and Shakers: Today's Top Stock Picks
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Good Morning!Investors braced themselves for a slow start on Tuesday as U.S. stock futures began to waver amidst a shortage of fresh catalysts. All eyes are on inflation data due later in the week, as traders hold out hope for further easing to allow the Federal Reserve to consider cutting interest rates.Monday saw the Dow Jones Industrial Average drop by 56 points, or 0.17%, to 33619, while the S&P 500 inched up by 2 points, or 0.05%, to 4138. Meanwhile, the Nasdaq Composite gained 22 points, or 0.18%, to 12257.While stocks rallied hard last week, boosting the S&P 500 to the top of the 3,800 to 4,200 range it has held all year, a lack of momentum continued to hinder the market on Monday. The Nasdaq edged higher, emerging from a bear market, but stocks struggled for momentum once again amid a dearth of fresh catalysts and lingering concerns about a technical default by the U.S. government.
Investors are cashing in on the green-energy revolution in 2023 as the world seeks to attain net-zero! And they're doing so by investing in select small-cap mineral exploration companies that are set to be the NEXT suppliers of the green-energy sources the world needs most in the clean-energy transition. We've done our research… and we've found an under-the-radar mining stock — currently trading below US $0.20 per share — that just confirmed MULTIPLE salt dome anomalies on its properties.
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Today Top Movers
Tivic Health Systems Inc. (TIVC) stock soared +16.38% to $0.1513 in the pre-market trading after announcing that it has launched a B2B portal to support its increasing demand for commercial ordering of its doctor recommended and FDA-approved bioelectronic sinus device, ClearUP.
Palantir Technologies Inc. (NYSE: PLTR) shares are trading up +17.31% at $9.08 at the time of writing following the release of its second consecutive quarter of positive GAAP net income; GAAP EPS of $0.01 in Q1 2023.
Shoals Technologies Group Inc. (SHLS) grew over +12.58% at $22.2 in pre-market trading today after reporting financial results for the first quarter of 2023.
EverQuote Inc. (EVER), an Internet Content & Information company, rose about +15.04% at $7.65 in pre-market trading Tuesday. The company declared Q1 2023 financial results.
Copper Prices Expected To Soar - Are You Ready?
Investors - this copper company continues to find new targets and is poised for growth. 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.
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Top Upgrades & Downgrades
Jefferies turned bullish on Ferguson plc (FERG), upgrading the stock to Buy and assigning a $181 price target, representing a potential upside of 28.53% from Monday's close.
NeoGenomics Inc. (NEO) has won the favor of BTIG's equity research team. The firm upgraded the shares from Neutral to Buy.
Shoals Technologies Group Inc. (SHLS) received an upgrade from analysts at Guggenheim. They changed their rating on SHLS to Buy from Neutral in a recently issued research note.
Earlier Tuesday Barclays reduced its rating on Nabors Industries Ltd. (NBR) stock to Equal-Weight from Overweight and assigned the price target to $150.
BMO Capital analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Skyworks Solutions Inc. (SWKS) has been changed to Market Perform from Outperform and the new price target is set at $100.
Analysts at Stifel downgraded XPO Inc. (XPO)'s stock to Hold from Buy Tuesday.
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.
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Latest Insider Activity
Edwards Lifesciences Corporation (EW) CVP, Strategy/Corp Development BOBO DONALD E JR announced the sale of shares taking place on May 05 at $88.62 for some 5,635 shares. The total came to more than $0.5 million.
Tesla Inc. (TSLA) Chief Financial Officer Kirkhorn Zachary sold on May 04 a total of 3,751 shares at $162.70 on average. The insider’s sale generated proceeds of almost $0.61 million.
Plains GP Holdings L.P. (PAGP) Chairman & CEO Chiang Willie CW declared the purchase of shares taking place on May 08 at $13.25 for some 75,000 shares. The transaction amount was around $0.99 million.
Zions Bancorporation National Association (ZION) Director Huang Claire A bought on May 04 a total of 18,000 shares at $20.02 on average. The purchase cost the insider an estimated $360,378.
Investors! This Is A Lithium Company To Watch
Canadian Prime Minister, Justin Trudeau, visits Canada's only operating lithium mine and notes its importance as a critical mineral. There are big things happening for this lithium company - have you staked your claim in lithium? Click for more info on this exciting investment opportunity and...
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Important Earnings
Top US earnings releases scheduled for today include Duke Energy Corporation (NYSE: DUK). It will announce its Mar 2023 financial results. The company is expected to report earnings of $1.26 per share from revenues of $6.56B in the three-month period.
Analysts expect Apollo Global Management Inc. (NYSE: APO) to report a net income (adjusted) of $1.47 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2023 is predicted to come in at $836.1M.
GLOBALFOUNDRIES Inc. (GFS), due to announce earnings before the market opens today, is expected to report earnings of $0.49 per share from revenues of $1.83B 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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