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- 06 Dec - NH - Morning Newsletter (with survey at top and bottom)
06 Dec - NH - Morning Newsletter (with survey at top and bottom)
4 Best Stocks to Watch Right Now
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Good Morning!Futures for US stock indices traded with almost zero dynamics on Tuesday, as the markets are dominated by uncertainty regarding the decision of the US Federal Reserve follows from the trading data and analyst comments.Futures for the Dow Jones Industrial Index (DJIA) decreased by 0.02%, to 33978 points, futures for the NASDAQ high-tech index grew by 0.06%, to 11812.75 points, for the S&P 500 broad market index decreased by 0.01%, to 4002.5 points.Next Wednesday, December 14, the US Federal Reserve will publish its decision on monetary policy. Most analysts polled by CME Group expect the regulator to raise the discount rate by 50 basis points. However, some traders believe that the Fed's monetary policy will not be too hawkish, as such measures could lead to a recession.
The Top 5 NASDAQ Stocks to Own for New Year 2023
Even in the worst of times, markets have rallied back. Just as they always have. So, if you're thinking of quitting the market, don't. There are plenty of bargains and hot investing ideas to jump on. In fact, here are five of our best ideas for 2023.
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Today Top Movers
Editas Medicine Inc. (EDIT) stock soared 11.6% to $10.97 in the pre-market trading after announcing positive, initial clinical data from the first two patients with sickle cell disease (SCD) treated with EDIT-301 in the Phase 1/2 RUBY trial.
Mainz Biomed B.V. (NASDAQ: MYNZ) shares are trading up 15.64% at $9.02 at the time of writing following the receipt of IRB approval for the protocol ReconAAsense.
GitLab Inc. (GTLB) grew over 17.27% at $44.95 in pre-market trading today after releasing Q3 fiscal year 2023 financial results.
BioVie Inc. (BIVI), a Biotechnology company, rose about 14.01% at $5.94 in pre-market trading Tuesday. The company recently announced encouraging data suggesting that NE3107 has an impact on improving patients’ DNA methylation profiles, potentially impacting biomakers of aging-related disease states.
Hidden Income 'hack'
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Top Upgrades & Downgrades
Cowen & Co. turned bullish on PerkinElmer Inc. (PKI), upgrading the stock to Outperform and assigning a $164 price target, representing potential upside of 19.73% from Monday's close.
Reinsurance Group of America Incorporated (RGA) has won the favor of RBC Capital's equity research team. The firm upgraded the shares from Sector Perform to Outperform and moved their price target to $170, suggesting 22.26% additional upside for the stock.
The Estee Lauder Companies Inc. (EL) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $266. They changed their rating on EL to Buy from Hold in a recently issued research note.
Earlier Tuesday RBC Capital reduced its rating on Equitable Holdings Inc. (EQH) stock to Sector Perform from Outperform and assigned the price target to $33.
Stifel analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Edwards Lifesciences Corporation (EW) has been changed to Hold from Buy and the new price target is set at $75.
Analysts at UBS downgraded Steel Dynamics Inc. (STLD)'s stock to Neutral from Buy Tuesday.
25-cent Copper-Gold-Silver Opportunity You Don't Want to Miss
Investors are preparing for historic gains as this tiny, undiscovered US$0.25 per share mining company readies the drills in what may soon prove to be one of the largest and richest copper-gold discoveries on record. Already, some of the world's biggest mining firms have staked a strategic position in this 25-cent miner.
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Latest Insider Activity
Matterport Inc. (MTTR) Chief Executive Officer PITTMAN RAYMOND J announced the sale of shares taking place on Dec 02 at $3.08 for some 243,709 shares. The total came to more than $0.75 million.
Ginkgo Bioworks Holdings Inc. (DNA) See remarks Dmytruk Mark E. sold on Dec 02 a total 30,102 shares at $1.94 on average. The insider’s sale generated proceeds of almost $58488.0.
Yext Inc. (YEXT) Director Richardson Julie declared the purchase of shares taking place on Dec 05 at $6.13 for some 10,000 shares. The transaction amount was around $61272.0.
G-III Apparel Group Ltd. (GIII) Executive Vice President Goldfarb Jeffrey David bought on Dec 05 a total 19,000 shares at $12.96 on average. The purchase cost the insider an estimated $246,240.
New Year, New Trades, Try A.I. Today
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Resist the urge to panic sell? Be more diligent in stock analysis? Do away with the emotional roller coaster of volatility?
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Important Earnings
Top US earnings releases scheduled for today include Signet Jewelers Limited (NYSE: SIG). It will announce its Oct 2022 financial results. The company is expected to report earnings of $0.31 per share from revenues of $1.5B in the three-month period.
Analysts expect SentinelOne Inc. (NYSE: S) to report a net income (adjusted) of -$0.22 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2022 is predicted to come in at $110.96M.
Stitch Fix Inc. (SFIX), due to announce earnings after the market closes today, is expected to report earnings of -$0.47 per share from revenues of $459.44M 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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