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- 12 Dec - NH - Morning Newsletter (with survey at top and bottom)
12 Dec - NH - Morning Newsletter (with survey at top and bottom)
4 Hot Stocks to Start the Week
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Good Morning!As the week begins with several anticipated events in the ongoing effort to combat inflation, U.S. stock futures were modestly higher early Monday.A 50-point gain, or 0.15%, was forecast for Dow Jones Industrial Average futures. There was an increase of 0.2% for the S&P 500 and 0.26% for the Nasdaq 100.Investors will focus on inflation this week, which led to the move in futures. A slowdown in inflation is expected to be reflected in the November consumer price index released on Tuesday.The Federal Reserve will meet for two days beginning the same day. Traders expect another rate hike from the central bank on Wednesday, but a smaller one than in recent months.Additionally, the Fed's updated economic projections and Chair Jerome Powell's press conference will provide insight into what the central bank plans to do in the near future.After a volatile week in which all three major indices lost ground, Wall Street is looking forward to a more benign week. Last week, for the first time since September, the Dow fell 2.77%. There was a 3.37% drop in the S&P 500, and a 3.99% drop in the Nasdaq Composite.
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
Aptose Biosciences Inc. (APTO) stock soared 21.14% to $0.848 in the pre-market trading after announcing that it has entered into an equity distribution agreement with JonesTrading Institutional Services LLC, as agent.
Horizon Therapeutics Public Limited Company (NASDAQ: HZNP) shares are trading up 14.09% at $111.0 at the time of writing following the news that Amgen Inc. (AMGN) has agreed to acquire Horizon Therapeutics in an all-cash deal valued at $27.8 billion/
Vincerx Pharma Inc. (VINC) grew over 11.89% at $0.72 in pre-market trading today after presenting preclinical data on VIP943 in acute Myeloid Leukemia Models at the 64th American Society of Hematology Annual Meeting 2022.
HTG Molecular Diagnostics Inc. (HTGM), a Diagnostics & Research company, rose about 35.44% at $0.7314 in pre-market trading Monday. The company will host its next HTG Therapeutics key opinion leader (KOL) webinar: “The Role of RNA Profiling in Drug Discovery and Analysis”, on Tuesday, December 13, 2022 at 11:00 am Eastern Standard Time.
The Smart Way to Get Insanely Rich in the 2022-23 Gold Bull Market
A brand-new gold bull market is emerging as nervous investors continue to flock to the safety of the yellow metal in the face of rampant inflation. Yet, the biggest gains won't be in gold...they'll be in select small-cap gold stocks with the inside track on the NEXT major discoveries.
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Top Upgrades & Downgrades
Goldman Sachs turned bullish on Best Buy Co. Inc. (BBY), upgrading the stock to "Neutral" and assigning a $83 price target, representing potential upside of 1.45% from Friday's close.
monday.com Ltd. (MNDY) has won the favor of JP Morgan's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $140, suggesting 27.48% additional upside for the stock.
The Southern Company (SO) received an upgrade from analysts at Wolfe Research, who also set their one-year price target on the stock to $76. They changed their rating on SO to Outperform from Peer Perform in a recently issued research note.
Earlier Monday Goldman Sachs reduced its rating on Genuine Parts Company (GPC) stock to Sell from Neutral and assigned the price target to $147.
Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for The Cheesecake Factory Incorporated (CAKE) has been changed to Sell from Neutral and the new price target is set at $29.
Analysts at Piper Sandler downgraded Accenture plc (ACN)'s stock to Underweight from Neutral Monday.
Forbes mag says this strategy "like finding money in the street"
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
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Latest Insider Activity
Phunware Inc. (PHUN) Chief Executive Officer KNITOWSKI ALAN S announced the sale of shares taking place on Dec 08 at $0.96 for some 115,170 shares. The total came to more than $0.11 million.
Roivant Sciences Ltd. (ROIV) President & COO Venker Eric sold on Dec 09 a total 133,376 shares at $7.03 on average. The insider’s sale generated proceeds of almost $0.94 million.
Porch Group Inc. (PRCH) CEO, CHAIRMAN AND FOUNDER Ehrlichman Matt declared the purchase of shares taking place on Dec 09 at $1.80 for some 189,497 shares. The transaction amount was around $0.34 million.
ADMA Biologics Inc. (ADMA) President and CEO Grossman Adam S bought on Dec 09 a total 14,982 shares at $2.86 on average. The purchase cost the insider an estimated $42,849.
Own the Next Major US Gold Discovery for Just US$1 Per Share
Smart investors are making an absolute killing on select gold stocks as inflation soars. But what's the safest and smartest way to invest? Here's an under-the-radar Canadian gold company that's zeroing in on the next major US gold discovery… trading at an insanely low US$1 per share.
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Important Earnings
Top US earnings releases scheduled for today include Oracle Corporation (NYSE: ORCL). It will announce its Nov 2022 financial results. The company is expected to report earnings of $1.18 per share from revenues of $12.04B in the three-month period.
Analysts expect Coupa Software Incorporated (NASDAQ: COUP) to report a net income (adjusted) of $0.1 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2022 is predicted to come in at $213.33M.
Inotiv Inc. (NOTV), due to announce earnings after the market closes today, is expected to report earnings of -$0.36 per share from revenues of $153.79M 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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