- Stocks Telegraph Morning
- Posts
- Apr 05 - NH - Morning Newsletter (with survey at top and bottom)
Apr 05 - NH - Morning Newsletter (with survey at top and bottom)
Stock Market Sunrise: Fuel Your Portfolio with Top Performers
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!U.S. stock futures are pointing down on Wednesday morning as the Dow Jones Industrial Average futures slipped 12 points, or 0.03%. Meanwhile, S&P 500 and Nasdaq 100 futures both dropped 0.05% and 0.04%, respectively.In other news, Johnson & Johnson shares surged nearly 3% in after-hours trading on Tuesday after the pharmaceutical company announced it will pay $8.9 billion over the next 25 years to settle allegations that their talc products, including baby powder, caused cancer.During Tuesday's regular session, the Dow fell by almost 200 points, ending a four-day winning streak as broader economic concerns weighed on the equities. The S&P 500 also snapped its four-day winning streak, falling by 0.58%, while the Nasdaq Composite dropped by 0.52%.Investors are also keeping an eye on the latest job openings report, which showed that the number of available positions fell below 10 million for the first time in nearly two years. Meanwhile, the energy market added to the uncertainty this week as OPEC+ announced it would cut output by 1.16 million barrels of oil per day.All eyes are now on the latest ADP private payrolls report, with economists expecting a rise of 210,000 jobs in March, down from the previous month's increase of 242,000.
Louis Navellier: My Top 11 Stocks for 2023
There's always a bull market somewhere and the billion-dollar money manager who picked the No. 1 stock in the S&P each year from 2012 to 2021, just released his 11 Top Stock recommendations for 2023.
Sponsored
Today Top Movers
Immunic Inc. (IMUX) stock soared 11.64% to $1.63 in the pre-market trading after reporting positive data from maintenance phase of phase 2 CALDOSE-1 trial of Vidofludimus Calcium in Moderate-to-Severe Ulcerative Colitis.
Addex Therapeutics Ltd (NASDAQ: ADXN) shares are trading up 8.32% at $1.0 at the time of writing following the completion of $5.0 million equity financing.
InflaRx N.V. (IFRX) grew over 11.94% at $4.22 in pre-market trading today. The company recently received FDA emergency use authorization for Gohibic (vilobelimab) for treatment of Critically Ill COVID-19 patients.
Chicken Soup for the Soul Entertainment Inc. (CSSE), a Entertainment company, rose about 7.98% at $1.76 in pre-market trading Wednesday after announcing that it has launched Crackle Connex – a new advertising sales platform that will simplify the buying process with consistent measurement and performance tracking.
Uncover Huge Upside Potential with this AI-Enabled Biotech!
Discover an AI-enabled Biotech with potential for significant growth in the $315B diagnostics market.
Key factors include: a low float, strategic deal-making in clinical diagnostics, roll-up synergies, AI-enhanced research, and Insiders owning over 33% of shares.
Don't miss out on this one!
Sponsored
Top Upgrades & Downgrades
Baird turned bullish on Zions Bancorporation National Association (ZION), upgrading the stock to Outperform and assigning a $60 price target, representing potential upside of 116.53% from Tuesday's close.
Clean Energy Fuels Corp. (CLNE) has won the favor of Raymond James' equity research team. The firm upgraded the shares from Market Perform to Outperform and moved their price target to $6, suggesting 42.86% additional upside for the stock.
ConocoPhillips (COP) received an upgrade from analysts at Societe Generale , who also set their one-year price target on the stock to $105. They changed their rating on COP to Hold from Sell in a recently issued research note.
Earlier Wednesday Raymond James reduced its rating on Bloom Energy Corporation (BE) stock to Outperform from Strong Buy and assigned the price target to $25.
Baird analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Xponential Fitness Inc. (XPOF) has been changed to Hold Neutral from Outperform and the new price target is set at $34.
Analysts at Stifel downgraded Freeline Therapeutics Holdings plc (FRLN)'s stock to Hold from Buy Wednesday.
Are You Ready? - Q2 2023...
Analysts may use reported earnings to assess the value of a company's stock as well as how successful the executives are at running the company... And these 5 stocks appear to be in an excellent position to see a surge in share price following their 2023 Q2 earnings announcements.
Sponsored
Latest Insider Activity
Wayfair Inc. (W) Chief Technology Officer Tan Fiona announced the sale of shares taking place on Apr 04 at $35.44 for some 7,375 shares. The total came to more than $0.26 million.
Tellurian Inc. (TELL) Executive Chairman SOUKI CHARIF sold on Apr 03 a total 630,405 shares at $1.25 on average. The insider’s sale generated proceeds of almost $0.79 million.
Domo Inc. (DOMO) Founder and CEO James Joshua G declared the purchase of shares taking place on Apr 03 at $13.84 for some 79,784 shares. The transaction amount was around $1.1 million.
Blackstone Inc. (BX) 10% Owner Blackstone Holdings III L.P. bought on Apr 03 a total 8,772 shares at $47.46 on average. The purchase cost the insider an estimated $416,296.
Free Stock Analysis Report: See The True Value of Any Stock
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Sponsored
Important Earnings
Top US earnings releases scheduled for today include Conagra Brands Inc. (NYSE: CAG). It will announce its Feb 2023 financial results. The company is expected to report earnings of $0.64 per share from revenues of $3.08B in the three-month period.
Analysts expect The Simply Good Foods Company (NASDAQ: SMPL) to report a net income (adjusted) of $0.29 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Feb 2023 is predicted to come in at $293.55M.
Schnitzer Steel Industries Inc. (SCHN), due to announce earnings before the market opens today, is expected to report earnings of $0.21 per share from revenues of $698.47M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
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.