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- Aug - 14 - NH - Morning Newsletter (with survey at top and bottom)
Aug - 14 - NH - Morning Newsletter (with survey at top and bottom)
4 High-Potential Stocks to Consider
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Stock futures experienced a modest uptick on Monday as Wall Street aimed to shake off a challenging start to August.Futures linked to the S&P 500 showed a 0.2% climb, while those tied to the Nasdaq-100 indicated a gain of 0.4%. Additionally, Dow Jones Industrial Average futures advanced by 56 points, reflecting a 0.2% increase.These movements transpire amidst the stock market's recent struggle to maintain its momentum during the late summer. The past week witnessed a decline of 0.3% in the S&P 500 and a 1.9% drop in the Nasdaq Composite, marking the Nasdaq Composite's inaugural two-week losing streak of the year.Conversely, the Dow Jones Industrial Average achieved a gain of 0.62%, marking its fourth positive week out of the past five.The upcoming week holds the potential to be influenced by insights into the state of the U.S. consumer, with significant earnings reports anticipated from Home Depot, Target, and Walmart. Additionally, retail sales data from July is slated for release on Tuesday morning.These earnings reports follow a blend of inflation reports from the previous week, revealing that the increase in prices has tapered off from its post-pandemic peak but remains above the Federal Reserve's 2% target.
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Today Top Movers
AGBA Group Holding Limited (AGBA) stock soared +44.83% to $1.26 in the pre-market trading after Q2 financial result delivery and driving continued robust revenue growth against slow economic recovery.
AMC Entertainment Holdings Inc. (NYSE: APE) shares are trading up +26.4% at $2.25 at the time of writing after a court approves the movie-theater chain's revised stock-conversion plan. Company’s 52-week ranged between $0.65 to $10.50.
Genius Group Limited (GNS) grew over +23.53% at $1.47 in pre-market trading today after announced that the company annual report is now available to it shareholders.
United States Steel Corporation (X), a Steel company, rose about +28.92% at $29.29 in pre-market trading Monday after rejected a $7.3B buyout offer from Cleveland-Cliffs and said it would review its options following "multiple unsolicited proposals".
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.
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A small move in share price can go a long way with these four.
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Top Upgrades & Downgrades
Chardan Capital turned bullish on Adverum Biotechnologies Inc. (ADVM), upgrading the stock to "Buy" and assigning a $4 price target, representing potential upside of 52.75% from Friday's close.
Himax Technologies Inc. (HIMX) has won the favor of Credit Suisse's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $8, suggesting 15.5% additional upside for the stock.
Sabra Health Care REIT Inc. (SBRA) received an upgrade from analysts at B of A Securities, who also set their one-year price target on the stock to $14. They changed their rating on SBRA to Neutral from Underperform in a recently issued research note.
Earlier Friday B of A Securities reduced its rating on Triumph Group Inc. (TGI) stock to Underperform from Buy and assigned the price target to $8.
Lake Street analysts reduced their investment ratings, saying in research reports covered by the media that its rating for One Stop Systems Inc. (OSS) has been changed to Hold from Buy and the new price target is set at $3.
Analysts at Exane BNP Paribas downgraded Lucid Group Inc. (LCID)'s stock to Underperform from Neutral.
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Latest Insider Activity
Roblox Corporation (RBLX) President & CEO Baszucki David announced the sale of shares taking place on Aug 11 at $30.06 for some 375,000 shares. The total came to more than $11.27 million.
Aurora Innovation Inc. (AUR) Director Anderson Sterling sold on Aug 11 a total 26,600 shares at $3.48 on average. The insider’s sale generated proceeds of almost $92621.0.
Super Micro Computer Inc. (SMCI) Director CHAN SHIU LEUNG declared the purchase of shares taking place on Aug 11 at $265.57 for some 4,000 shares. The transaction amount was around $1.06 million.
NBT Bancorp Inc. (NBTB) Director Brown Jason David bought on Aug 10 a total 650 shares at $36.99 on average. The purchase cost the insider an estimated $24,043.
Free Report: Three of the Top NASDAQ Stocks to Buy Under $10
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Important Earnings
Top US earnings releases scheduled for today include TeraWulf Inc. (NASDAQ:WULF). It will announce its Jun 2023 financial results. The company is expected to report earnings of -$0.03 per share from revenues of $19.17M in the three-month period.
Analysts expect Altus Power Inc. (NYSE:AMPS) to report a net income (adjusted) of $0.03 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2023 is predicted to come in at $44.36M.
Sunworks Inc. (SUNW), due to announce earnings after the market closes today, is expected to report earnings of -$0.16 per share from revenues of $43.6M 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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