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- 15 Mar - NH - Morning Newsletter (with survey at top and bottom)
15 Mar - NH - Morning Newsletter (with survey at top and bottom)
The Morning Stock Brief: 4 Power Stocks to Watch
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Good Morning!Amid growing concerns that the recent banking turmoil will spread to the broader economy, led markets to fall on Wednesday. There was a loss of 345 points, or 1.1%, in Dow Jones Industrial Average futures, as well as 1% and 0.9% losses in S&P 500 and Nasdaq-100 futures.Pre-Market losses were led by Old National Bankcorp, Zions Bancorp, and Fifth Third Bancorp, as the SPDR S&P Regional Banking ETF (KRE) declined 1.3%. However, First Republic's share price rose by over 6%.These moves follow a day in which bank shares rallied, leading to sharp gains in the broader market. In the wake of Silicon Valley Bank's and Signature Bank's failures, banks have been under pressure from traders. These issues have raised fears among investors.Additionally, consumer prices increased by 0.4% from January to February, as expected.As earnings season comes to an end, Adobe, Five Below and Oatly report results on Wednesday. Retail sales and producer price index data will also be released before the bell.
Top 5 Gold Stocks to Consider Right Now
There's still plenty of upside ahead for gold. Sure, gold may have lost some of its shine. But don't count it out just yet.
"The macro drivers from aggressive rate hikes and a strong U.S. dollar have been keeping gold below $1,800 an ounce," according to analysts at RBC Capital Markets, as noted by Kitco.com. "But the heightened geopolitical tensions could still support gold into the year-end, which is why a price tag above $2,000 is still possible this fall."
So, where you consider investing? Try these oversold gold stocks.
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Today Top Movers
Jounce Therapeutics Inc. (JNCE) stock soared 35.85% to $1.44 in the pre-market trading. The company confirmed that Concentra Biosciences, of which Tang Capital Partners, LP is the controlling shareholder, has made an unsolicited and non-binding proposal to acquire 100% of the equity of Jounce.
HUB Cyber Security (Israel) Ltd. (HUBC) jumped over 17.37% at $1.96 in pre-market trading today after announcing that it had issued and sold approximately 400,000 shares to two of the original PIPE investors at a price per share of $10 for proceeds of approximately $4 million dollars, in a private placement.
Smartsheet Inc. (NYSE: SMAR) shares are trading up 11.17% at $42.6 at the time of writing following the release of financial results for its fourth fiscal quarter ended January 31, 2023.
Chicken Soup for the Soul Entertainment, Inc. (CSSEL) surged about 25.67% at $0.0377 in pre-market trading Wednesday after announcing that the Company will be taking full advantage of the strongest theatrical slate in years.
Rare Green-Metals Discovery: US$2 Stock Set to Deliver Gains
Smart investors are blowing away Wall Street's so-called "experts" on green-metals stocks. And with the clean-energy revolution in full-swing, the near-term gains could be absolutely life-changing. The timing is dead-on accurate with this US$2 stock securing a world-class green-metals resource designated as a Strategic Minerals Deposit at 5.7 Million ounces with drills turning now.
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Top Upgrades & Downgrades
Credit Suisse turned bullish on The Charles Schwab Corporation (SCHW), upgrading the stock to Outperform and assigning a $67.5 price target, representing potential upside of 19.09% from Tuesday's close.
Baker Hughes Company (BKR) 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 $32, suggesting 12.83% additional upside for the stock.
Harley-Davidson Inc. (HOG) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $39. They changed their rating on BKR to Hold from Underperform in a recently issued research note.
Earlier Wednesday Piper Sandler reduced its rating on Traeger Inc. (COOK) stock to Neutral from Overweight and assigned the price target to $4.
Canaccord Genuity analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Q2 Holdings Inc. (QTWO) has been changed to Hold from Buy and the new price target is set at $25.
Analysts at Morgan Stanley downgraded Seagen Inc. (SGEN)'s stock to Equal-Weight from Overweight Wednesday.
5 Patriotic Stocks Set to Skyrocket
Republicans have been quietly putting their money into these 5 stocks over the last year, resulting in gains of 40%, 50%, and 52%... all while most Americans were losing money in the markets. Today, Wall Street icon Louis Navellier is giving away the dossier of stocks – FOR FREE.
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Latest Insider Activity
A10 Networks Inc. (ATEN) Chief Financial Officer Becker Brian announced the sale of shares taking place on Mar 13 at $14.37 for some 526 shares. The total came to more than $7559.0.
Monster Beverage Corporation (MNST) President of the Americas Tirre Emelie sold on Mar 13 a total 1,251 shares at $99.94 on average. The insider’s sale generated proceeds of almost $0.13 million.
Jounce Therapeutics Inc. (JNCE) 10% Owner TANG KEVIN C declared the purchase of shares taking place on Mar 14 at $1.02 for some 20,286 shares. The transaction amount was around $20651.0.
Washington Federal Inc. (WAFD) President & CEO BEARDALL BRENT J bought on Mar 13 a total 1,600 shares at $30.20 on average. The purchase cost the insider an estimated $48,320.
Former Bank Insider Risks Everything To Blow Whistle On Disturbing New Government Program
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money.
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Important Earnings
Top US earnings releases scheduled for today include Oatly Group AB (NASDAQ: OTLY). It will announce its Dec 2022 financial results. The company is expected to report earnings of -$0.14 per share from revenues of $181.52M in the three-month period.
Analysts expect GDS Holdings Limited (NASDAQ: GDS) to report a net income (adjusted) of -$0.35 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2022 is predicted to come in at $343.49M.
Audacy Inc. (AUD), due to announce earnings before the market opens today, is expected to report earnings of $0.07 per share from revenues of $344.12M 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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