Apr 13 - NH - Morning Newsletter (with survey at top and bottom)

Today's Market Buzz: Get the Inside Scoop

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Good Morning!Buckle up, traders! It's going to be a thrilling ride in the U.S. stock market today! The latest inflation data and Federal Reserve meeting minutes are the talk of the town, with Wall Street buzzing with excitement for a slew of bank earnings announcements.Exciting news for the Dow Jones Industrial Average, as futures are up by 0.1% or 29 points! But wait, there's more - S&P 500 futures gained 0.2% and Nasdaq 100 futures rose by 0.3%. It's a great day for stocks, as they are set to regain their footing after Wednesday's late-session slump.All eyes are on the Federal Reserve, with investors eagerly awaiting news of their next interest-rate hike. Uncertainty around inflation is at an all-time high, with the latest consumer-price index data showing a slowdown in headline inflation but an acceleration in core price growth.But wait, there's more! Get ready to see some wild fluctuations in the market, as bank earnings announcements are just around the corner. JPMorgan Chase, Citigroup, Wells Fargo, and PNC Financial Services Group will kick off earnings season on Friday. 

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Today Top Movers

The Alkaline Water Company Inc. (WTER) stock plunged -5.44% to $1.39 in the pre-market trading. The most recent rating by Canaccord Genuity, on July 07, 2021, is a Sell. Alkaline88® Earns Nationwide Distribution in Kroger.

Imperial Petroleum Inc. (NASDAQ: IMPP) shares are trading up 7.49% at $0.241 at the time of writing. Company’s 52-week ranged between $0.15 to $1.57. Imperial Petroleum Inc. Announces Proposed Spin-Off of Two of Its Drybulk Carriers.

Knightscope Inc. (KSCP) grew over 51.47% at $1.03 in pre-market trading today after announced that the City of New York Police Department signed a pilot contract for Knightscope’s K5 robot to begin patrolling in a Manhattan subway station this summer.

Zhihu Inc. (ZH), a Internet Content & Information company, rose about 11.76% at $1.33 in pre-market trading Thursday after recently filling of FORM 6-K with SEC.

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Top Upgrades & Downgrades

SVB Securities turned bullish on Arrowhead Pharmaceuticals Inc. (ARWR), upgrading the stock to Outperform and assigning a $35 price target, representing potential of 22.55% from $28.56's close.

Confluent Inc. (CFLT) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $30, suggesting 23.05% additional for the stock.

Evercore Inc. (EVR) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $131. They changed their rating on EVR to Overweight from Equal-Weight in a recently issued research note.

Earlier B of A Securities reduced its rating on ADS-TEC Energy PLC (ADSE) stock to Underperform from Neutral and assigned the price target to 9.5.

Evercore ISI Group analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Empire State Realty Trust Inc. (ESRT) has been changed to In-Line from Outperform and the new price target is set at $7.

Analysts at Scotibank downgraded NETSTREIT Corp. (NTST)'s stock to Sector Perform from Sector Outperform.

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Latest Insider Activity

Meta Platforms Inc. (META) Chief Legal Officer Newstead Jennifer announced the sale of shares taking place on Apr 11 at $215.84 for some 393 shares. The total came to more than $84825.0.

Coinbase Global Inc. (COIN) Chairman and CEO Armstrong Brian sold on Apr 10 a total 29,730 shares at $62.58 on average. The insider’s sale generated proceeds of almost $1.86 million.

TeraWulf Inc. (WULF) Chief Executive Officer Prager Paul B. declared the purchase of shares taking place on Apr 11 at $1.37 for some 100,000 shares. The transaction amount was around $0.14 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.

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Important Earnings

Top US earnings releases scheduled for today include Fastenal Company (NASDAQ:FAST). It will announce its Mar 2023 financial results. The company is expected to report earnings of $0.5 per share from revenues of $1.86B in the three-month period.

Analysts expect Delta Air Lines Inc. (NYSE:DAL) to report a net income (adjusted) of $0.3 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2023 is predicted to come in at $11.98B.

Hooker Furnishings Corporation (HOFT), due to announce earnings after the market closes today, is expected to report earnings of $0.07 per share from revenues of $136.79M 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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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.