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- Apr 28 - NH - Morning Newsletter (with survey at top and bottom)
Apr 28 - NH - Morning Newsletter (with survey at top and bottom)
Early Risers: Stay Ahead with Market Insights
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Good Morning!The latest round of corporate earnings is causing some turbulence for U.S. stock futures, with Dow Jones Industrial Average futures slipping by 0.12% and S&P 500 and Nasdaq 100 futures dipping by 0.11% and 0.15%, respectively. Investors are taking in the latest results from big-name companies, such as Amazon and Intel. While Intel shares soared over 4% on the back of a great earnings report, Amazon shares were down about 2% after initially rising on their first-quarter results. There were also some big losers, with Snap tumbling 18% and Pinterest shares falling 14% after missing revenue growth expectations.Despite the volatility, the market saw a strong trading session in the days prior, with the Dow Jones Industrial Average and S&P 500 recording their best day since January, and the Nasdaq Composite surging 2%, its best day since March. The rally in tech stocks was fueled by a better-than-expected report from Meta, which seemed to overshadow the latest GDP data that could signal the Federal Reserve's rate-hiking campaign may soon come to an end.However, not all traders are convinced that this earnings season is as strong as it appears. While results have largely come in better than expected, some traders remain skeptical. According to FactSet data, of the 235 S&P 500 companies that have reported earnings, around 79% have reported positive surprises. As the market continues to navigate the latest earnings reports, investors will be keeping a close eye on how this impacts their portfolios.
#1 Green Hydrogen Profit-Stock Below 20-cents
Green hydrogen has been gaining a TON of momentum of late as the clean-burning fuel industry analysts say could supply up to 25% of the world's energy needs by 2050. The biggest profit opportunities will be in green hydrogen storage in giant salt domes. This tiny firm, trading below US$0.20 per share, just confirmed multiple salt dome anomalies in Canada's top green-energy district.
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Today Top Movers
TOP Financial Group Limited (TOP)
stock plunged 305.00% to $81.00 in the pre-market trading without any news.
AGBA Group Holding Limited (NASDAQ: AGBA)
shares are trading down 134.91% at $3.97 at the time of writing following the filing with the SEC.
Siebert Financial Corp. (SIEB)
grew over +9.94% at $1.99 in pre-market trading today after announcing that it has entered into an agreement to issue shares in Siebert to Kakao Pay Corp., a fintech subsidiary of Korean-based conglomerate Kakao Corp.
Hitek Global Inc. (HKIT)
, a Software - Application company, jumped about 8.57% at $5.70 in pre-market trading Friday after announcing the fiscal year 2022 financial results.
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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Top Upgrades & Downgrades
RBC Capital turned bullish on International Paper Company (IP), upgrading the stock to Outperform and assigning a $39 price target, representing a potential upside of 18.07% from Thursday's close.
Mobileye Global Inc. (MBLY) has won the favor of Wolfe Research's equity research team. The firm upgraded the shares from Peer Perform to Outperform and moved their price target to $46, suggesting 27.28% additional upside for the stock.
Masco Corporation (MAS) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $65. They changed their rating on MAS to Buy from Hold in a recently issued research note.
On Thursday Friday BMO Capital reduced its rating on The Progressive Corporation (PGR) stock to Market Perform from Outperform and assigned the price target to $150.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Vornado Realty Trust (VNO) has been changed to Underweight from Neutral and the new price target is set at $11.
Analysts at B of A Securities downgraded Aspen Technology Inc. (AZPN)'s stock to Neutral from Buy Friday.
This Augmented Reality Player Could Be A Potential Filled Monster
Discover the Augmented Reality (AR) player that's turning heads! Praised by a veteran analyst at Dawson James Securities, this company could be boasting 275% in upside potential to an impressive target.
With anticipated revenue growth, extensive IP, and a Fortune 500 customer base, it's reshaping the AR landscape.
Don't miss out on this one…
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Latest Insider Activity
Roblox Corporation (RBLX) Director Baszucki Gregory announced the sale of shares taking place on Apr 25 at $37.92 for some 8,334 shares. The total came to more than $0.32 million.
DexCom Inc. (DXCM) EVP Managing Director Dexcom V Pacelli Steven Robert sold on Apr 27 a total 5,031 shares at $126.00 on average. The insider’s sale generated proceeds of almost $0.63 million.
Cleveland-Cliffs Inc. (CLF) Chairman, President & CEO GONCALVES LOURENCO declared the purchase of shares taking place on Apr 27 at $14.96 for some 100,000 shares. The transaction amount was around $1.5 million.
Ares Management Corporation (ARES) 10% Owner ARES MANAGEMENT LLC bought on Apr 25 a total of 250,000 shares at $21.56 on average. The purchase cost the insider an estimated $5.39 million.
Will These 5 Stocks Explode?
Sudden spikes in share price can come from any number of sources, including positive news from the company or rumors of a potentially lucrative buyout by a larger company. But our analysts say these 5 Microcap Stocks are poised to soar after their Q2 earnings announcement.
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Important Earnings
Top US earnings releases scheduled for today include New York Community Bancorp Inc. (NYSE:NYCB). It will announce its Mar 2023 financial results. The company is expected to report earnings of $0.23 per share from revenues of $524.83M in the three-month period.
Analysts expect Exxon Mobil Corporation (NYSE: XOM) to report a net income (adjusted) of $2.59 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2023 is predicted to come in at $85.41B.
Newell Brands Inc. (NWL), due to announce earnings before the market opens today, is expected to report earnings of -$0.03 per share from revenues of $1.79B 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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