11 Jan - NH - Morning Newsletter (with survey at top and bottom)

4 Hot Premarket Stocks To Trade Today

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Good Morning!Futures for US stock indices are growing on Wednesday on the return of appetite for risky assets, according to trading data and analyst comments.At the time of writing, futures for the Dow Jones Industrial Index (DJIA) are rising by 0.12%, to 33913 points, futures for the NASDAQ high-tech index are up 0.21%, to 11304.5 points, and the S&P broad market index 500 is surging 0.21%, up to 3946 points.In addition, traders are waiting for data on consumer prices in the US. Analysts expect inflation to slow down to 6.5% for the year from 7.1% a month earlier.

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Today Top Movers

Bed Bath & Beyond Inc. (BBBY) stock soared 25.12% to $2.59 in the pre-market trading after reporting financial results for the third quarter of fiscal 2022.

Hepion Pharmaceuticals Inc. (NASDAQ: HEPA) shares are trading up 36.73% at $0.628 at the time of writing following the presentation of new findings from a preclinical study on the Company’s lead drug candidate, rencofilstat, a potent inhibitor of cyclophilins.

Helius Medical Technologies Inc. (HSDT) grew over 14.17% at $0.3699 in pre-market trading today. The company recently announced the addition of Neurology Center of New England, P.C. to its Therapeutic Experience Program (TEP).

Jaguar Health Inc. (JAGX), a Biotechnology company, rose about 40.42% at $0.1414 in pre-market trading Wednesday. Jaguar Health, Filament Health Corp. and One Small Planet, LLC announced the formation of a U.S.-based joint venture named Magdalena Biosciences, Inc.

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Top Upgrades & Downgrades

Barclays turned bullish on Sotera Health Company (SHC), upgrading the stock to "Overweight" and assigning a $22 price target, representing potential upside of 27.54% from Tuesday's close.

Installed Building Products Inc. (IBP) has won the favor of Deutsche Bank's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $124, suggesting 33.8% additional upside for the stock.

TopBuild Corp. (BLD) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $227. They changed their rating on BLD to Buy from Hold in a recently issued research note.

Earlier Wednesday Deutsche Bank reduced its rating on Masco Corporation (MAS) stock to Sell from Hold and assigned the price target to $43.

Credit Suisse analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Motorola Solutions Inc. (MSI) has been changed to Neutral from Outperform and the new price target is set at $270.

Analysts at Goldman Sachs downgraded STMicroelectronics N.V. (STM)'s stock to Sell from Neutral Wednesday.

The Top 5 NASDAQ Stocks to Own for New Year 2023

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Latest Insider Activity

Transocean Ltd. (RIG) SVP - CHIEF ACCOUNTING OFFICER Tonnel David A announced the sale of shares taking place on Jan 06 at $4.95 for some 13,069 shares. The total came to more than $64692.0.

Opendoor Technologies Inc. (OPEN) Director Wu Eric Chung-Wei sold on Jan 10 a total 100,000 shares at $1.22 on average. The insider’s sale generated proceeds of almost $0.12 million.

Redfin Corporation (RDFN) Director Slavet James declared the purchase of shares taking place on Jan 03 at $4.49 for some 6,667 shares. The transaction amount was around $29962.0.

Columbia Banking System Inc. (COLB) EVP General Counsel BARUFFI KUMI YAMAMOTO bought on Dec 30 a total 232 shares at $26.84 on average. The purchase cost the insider an estimated $6,227.

Lithium Crisis Is Real And This Is Great News For Investors

Washington is demanding 50% of all vehicles on the road be electric or hybrid vehicles by 2030. All those green energy vehicles need lithium batteries. There's just one problem: a serious shortfall in the lithium supply.

According to experts, the demand for lithium used in the batteries for EVs is huge but there is a grave shortfall of this precious mineral.

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Important Earnings

Top US earnings releases scheduled for today & tomorrow include KB Home (NYSE: KBH). It will announce its Nov 2022 financial results. The company is expected to report earnings of $2.87 per share from revenues of $1.98B in the three-month period.

Analysts expect Northern Technologies International Corporation (NASDAQ: NTIC) to report a net income (adjusted) of $0.11 per share, when the company releases its quarterly results tomorrow. Revenue for the fiscal quarter ended Nov 2022 is predicted to come in at $19.5M.

RF Industries Ltd. (RFIL), due to announce earnings after the market closes tomorrow, is expected to report earnings of $0.11 per share from revenues of $22.25M 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.