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- 13 Dec - ST - Morning Newsletter (with survey at top and bottom)
13 Dec - ST - Morning Newsletter (with survey at top and bottom)
4 Active Stocks Breaking Out Today
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Good Morning!Futures for US stock indices are rising on Tuesday ahead of the publication of statistics on inflation in the country, according to trading data.Futures for the Dow Jones Industrial Index (DJIA) grew by 0.15% to 34322 points, futures for the NASDAQ high-tech companies index - by 0.21% to 11853.75 points, for the S&P 500 broad market index - by 0.16%, up to 4031.75 points.Analysts believe that annual inflation in the US slowed to 7.3% in November from 7.7% in October.Consumer price data is important for the US Federal Reserve's monetary policy decision. On Wednesday evening, the regulator will publish its decision on the base rate. Most analysts polled by the CME Group portal believe that the Fed will raise the discount rate by 50 basis points.
Little-known Biotech Stock Announces Positive News
Many readers know that Biotech stocks offer tremendous breakout potential when positive news is announced from Phase 1, Phase 2 and Phase 3 trials.
After positive news is announced, some of these little-known companies immediately become overnight sensations…
In particular, there is one Biotech stock that could be getting ready to announce Phase 3 results any day now.
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Today Top Movers
Magenta Therapeutics Inc. (MGTA) stock soared 66.96% to $1.92 in the pre-market trading following the presentation of positive MGTA-117 clinical data at the American Society of Hematology (ASH) annual meeting.
Netcapital Inc. (NASDAQ: NCPL) shares are trading up 32.37% at $1.84 at the time of writing after announcing revenue growth of 71% for first half of fiscal 2023.
ACM Research Inc. (ACMR) grew over 27.98% at $11.16 in pre-market trading today after announcing the introduction of its Ultra PmaxTM Plasma-Enhanced Chemical Vapor Deposition (PECVD) tool.
Pfizer Inc. (PFE), a Drug Manufacturers - General company, rose about 1.76% at $53.08 in pre-market trading Tuesday after a Chinese healthcare platform has started selling Pfizer's oral COVID treatment pill Paxlovid.
Hidden Income 'hack'
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Top Upgrades & Downgrades
Piper Sandler turned bullish on Pinterest Inc. (PINS), upgrading the stock to "Overweight" and assigning a $30 price target, representing potential upside of 26.93% from Monday's close.
Weber Inc. (WEBR) has won the favor of Citigroup's equity research team. The firm upgraded the shares from Sell to Neutral and moved their price target to $8.05, suggesting 0.56% additional upside for the stock.
Pfizer Inc. (PFE) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $60. They changed their rating on PFE to Buy from Neutral in a recently issued research note.
Earlier Tuesday Wells Fargo reduced its rating on Horizon Therapeutics Public Limited Company (HZNP) stock to Equal-Weight from Overweight and assigned the price target to $116.5.
UBS analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Norwegian Cruise Line Holdings Ltd. (NCLH) has been changed to Neutral from Buy and the new price target is set at $19.
Analysts at Piper Sandler downgraded TriplePoint Venture Growth BDC Corp. (TPVG)'s stock to Neutral from Overweight Tuesday.
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
Credo Technology Group Holding Ltd (CRDO) Director TAN LIP BU announced the sale of shares taking place on Dec 12 at $15.01 for some 600 shares. The total came to more than $9004.0.
HP Inc. (HPQ) Pres Imaging Prtng & Solutions Tran Tuan sold on Dec 09 a total 54,115 shares at $28.33 on average. The insider’s sale generated proceeds of almost $1.53 million.
Dave & Buster's Entertainment Inc. (PLAY) SEE EXPLANATION OF RESPONSES Hill Path D Fund LP declared the purchase of shares taking place on Dec 12 at $34.65 for some 47,961 shares. The transaction amount was around $1.66 million.
Relmada Therapeutics Inc. (RLMD) Chief Executive Officer TRAVERSA SERGIO bought on Dec 08 a total 55,250 shares at $2.10 on average. The purchase cost the insider an estimated $115,804.
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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Important Earnings
Top US earnings releases scheduled for today include Core & Main Inc. (NYSE: CNM). It will announce its Oct 2022 financial results. The company is expected to report earnings of $0.57 per share from revenues of $1.71B in the three-month period.
Analysts expect ABM Industries Incorporated (NYSE: ABM) to report a net income (adjusted) of $0.88 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2022 is predicted to come in at $1.96B.
PHX Minerals Inc. (PHX), due to announce earnings after the market closes today, is expected to report earnings of $0.18 per share from revenues of $18.43M 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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