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- Aug - 09 - NH - Morning Newsletter (with survey at top and bottom)
Aug - 09 - NH - Morning Newsletter (with survey at top and bottom)
Fresh Off the Press: 4 Stocks to Supercharge Your Investing Day
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Stock futures in the United States rose on Wednesday as investors digested news of deflation in China and looked ahead to U.S. inflation data.China's consumer prices fell 0.3% for the year to July, which is the first time they have fallen in 2 years. This is a sign that the Chinese economy is slowing down. However, some traders believe that deflation in China could help to reduce inflation in the United States. If goods prices in China are falling, then it will be cheaper for U.S. companies to import goods from China. Overall, the mood in markets is mildly positive, as investors are waiting to see the data on inflation. The U.S. consumer price index (CPI) is due to be released on Thursday, while the producer price index (PPI) is scheduled for this upcoming Friday.
Our Top 4 "Cheap Stocks" for the Rest of 2023
The stock market has had a fantastic first half of 2023, with historic gains for the Nasdaq in particular.
And our analysts have uncovered 4 "cheap stocks" that could benefit from bullish conditions heading into the back half of the year.
A small move in share price can go a long way with these four.
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Today Top Movers
Celsius Holdings Inc. (CELH) stock soared +17.26% to $168.11 in the pre-market trading. The most recent rating by Maxim Group, on July 19, 2023, is a Hold. Celsius Holdings, Inc., Reports Record Second Quarter 2023 Financial Results.
Marqeta Inc. (NASDAQ: MQ) shares are trading up +17.74% at $5.84 at the time of writing. Company’s 52-week ranged between $3.46 to $11.28. Marqeta Reports Second Quarter 2023 Financial Results, Announces Four Year Extension to Cash App Contract.
Array Technologies Inc. (ARRY) grew over +14.32% at $20.44 in pre-market trading today. Array Technologies, Inc. Reports Financial Results for the Second Quarter 2023 – Strong execution delivers revenue of $507.7 million and record gross margin of 29.6%.
PENN Entertainment Inc. (PENN), a Resorts & Casinos company, rose about +13.08% at $28.09 in pre-market trading Wednesday. PENN Entertainment and ESPN Enter into Long-Term Exclusive Strategic Alliance for U.S. Online Sports Betting.
Emerging AI Company Is Poised To Disrupt $62Bn Market!
We found a company in the sensual tech space that is disrupting the industry with its groundbreaking AI-based devices.
If you don't know… The Global Artificial Intelligence Market is Expected to Reach a Staggering $1.5Tn by 2030.
As an early mover in the AI-powered adult toy market, this company has the potential to establish itself as a leading player.
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Top Upgrades & Downgrades
Barclays turned bullish on DISH Network Corporation (DISH), upgrading the stock to Equal-Weight and assigning a $10 price target, representing potential upside of 19.47% from Tuesday's close.
Eli Lilly and Company (LLY) has won the favor of Jefferies's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $615, suggesting 17.91% additional upside for the stock.
LivePerson Inc. (LPSN) received an upgrade from analysts at Roth MKM, who also set their one-year price target on the stock to $6. They changed their rating on LPSN to Buy from Neutral in a recently issued research note.
Earlier Wednesday Telsey Advisory Group reduced its rating on Olaplex Holdings Inc. (OLPX) stock to Market Perform from Outperform and assigned the price target to $4.
JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Celanese Corporation (CE) has been changed to Neutral from Overweight and the new price target is set at $122.
Analysts at Daiwa Capital downgraded QUALCOMM Incorporated (QCOM)'s stock to Outperform from Buy Wednesday.
3 AI Stocks Set to Soar in 2023
Eric Fry just released the names of 3 AI-driven stocks he believes every investor should own, even in these crazy markets - one stock is up over 100% since the beginning of 2023.
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Latest Insider Activity
Tesla Inc. (TSLA) CFO and CAO Taneja Vaibhav announced the sale of shares taking place on Aug 04 at $261.00 for some 4,000 shares. The total came to more than $1.04 million.
Apple Inc. (AAPL) Senior Vice President O'BRIEN DEIRDRE sold on Aug 07 a total 15,419 shares at $178.56 on average. The insider’s sale generated proceeds of almost $2.75 million.
Warner Bros. Discovery Inc. (WBD) President, International Zeiler Gerhard declared the purchase of shares taking place on Aug 07 at $14.09 for some 38,000 shares. The transaction amount was around $0.54 million.
The AES Corporation (AES) Director Shaughnessy Maura bought on Aug 08 a total 24,000 shares at $19.45 on average. The purchase cost the insider an estimated $466,800.
Hidden In Plain Sight–The Secret To Earning More!
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Important Earnings
Top US earnings releases scheduled for today include Proterra Inc. (NASDAQ:PTRA). It will announce its Jun 2023 financial results. The company is expected to report earnings of -$0.26 per share from revenues of $93.33M in the three-month period.
Analysts expect Canopy Growth Corporation (NASDAQ:CGC) to report a net income (adjusted) of -$0.13 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2023 is predicted to come in at $67.98M.
Plug Power Inc. (PLUG), due to announce earnings after the market closes today, is expected to report earnings of -$0.26 per share from revenues of $242.24M 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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