- Stocks Telegraph Morning
- Posts
- Aug - 21 - NH - Morning Newsletter (with survey at top and bottom)
Aug - 21 - NH - Morning Newsletter (with survey at top and bottom)
Morning Stock Market News: Be the First to Know
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
Stock futures saw an upturn on Monday as Wall Street aimed to rebound from another week of declines. Futures linked to the S&P 500 displayed a 0.5% increase. Simultaneously, Dow Jones Industrial Average futures experienced a rise of 128 points, equivalent to 0.4%. Moreover, Nasdaq-100 futures demonstrated a climb of 0.6%.The investor sentiment comes on the heels of a weekly decline, with the market grappling with the summer lull. Throughout the past week, the Nasdaq Composite witnessed a decline of approximately 2.6%, marking its third consecutive week of decline for the first time since December. In a similar vein, the Dow recorded a 2.2% decrease, marking its most challenging streak since March. Meanwhile, the S&P 500 saw a decline of 2.1% and posted its third successive week of losses, a pattern not observed since February.As the week unfolds, all eyes are on the upcoming quarterly results from prominent artificial intelligence beneficiary Nvidia, scheduled for Wednesday. Additionally, investors are eagerly anticipating a speech on Friday morning from Federal Reserve Chair Jerome Powell at the central bank's annual symposium in Jackson Hole, Wyoming.
'AI TV': The No. 1 Tech Sensation of the Decade?
See why the Swan brothers believe early-bird investors in this tiny sub-$5 stock… could fast-track their dream retirement over the next 24 to 36 months.
Sponsored
Today Top Movers
Palo Alto Networks Inc. (PANW) stock soared 12.18% to $235.23 in the pre-market trading after releasing better-than-expected fourth quarter earnings report.
XPeng Inc. (NYSE: XPEV) shares are trading up 5.81% at $15.85 at the time of writing after the B of A Securities upgraded the XPEV to ‘Buy’ from ‘Neutral’.
Ocugen Inc. (OCGN) grew over 8.62% at $0.48 in pre-market trading today. The company will host a conference call and live webcast to discuss the Company’s second quarter 2023 financial results and provide a business update at 8:30 a.m. ET on Tuesday, August 22, 2023.
The Growth for Good Acquisition Corporation (GFGD), a Shell Companies company, rose about 18.46% at $10.01 in pre-market trading Monday. ZeroNox and Growth for Good jointly announcd PIPE financing to support long-term growth strategy.
His system isolated NVIDIA - Here's His Next Buy
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit.
Sponsored
Top Upgrades & Downgrades
Stephens & Co. turned bullish on AppFolio Inc (APPF), upgrading the stock to "Overweight" and assigning a $212 price target, representing potential upside of 26.98% from Friday's close.
Acushnet Holdings Corp. (GOLF) 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 $84, suggesting 53.54% additional upside for the stock.
Cogent Communications Holdings Inc. (CCOI) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $64. They changed their rating on CCOI to Neutral from Sell in a recently issued research note.
Earlier Monday JP Morgan reduced its rating on Medical Properties Trust Inc. (MPW) stock to Underweight from Neutral and assigned the price target to $7.
Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Sarcos Technology and Robotics Corporation (STRC) has been changed to Hold from Buy and the new price target is set at $1.15.
Analysts at William Blair downgraded Napco Security Technologies Inc. (NSSC)'s stock to Market Perform from Outperform Monday.
Multimillionaire Investor: "Hands Down the Most Lucrative Discovery of My Entire Career"
Peabody Award-winning journalist Bill Tucker sat down with a reclusive multimillionaire trader... 858 miles OUTSIDE of Wall Street... to discuss a revolutionary new trading strategy that involves...
One ticker... one trade... every week.
Sponsored
Latest Insider Activity
ADMA Biologics Inc. (ADMA) President and CEO Grossman Adam S announced the sale of shares taking place on Aug 18 at $4.15 for some 250,000 shares. The total came to more than $1.04 million.
Essent Group Ltd. (ESNT) SVP and CFO WEINSTOCK DAVID B sold on Aug 16 a total 2,000 shares at $51.88 on average. The insider’s sale generated proceeds of almost $103,760.
WillScot Mobile Mini Holdings Corp. (WSC) Chief Executive Officer Soultz Bradley Lee declared the purchase of shares taking place on Aug 17 at $40.71 for some 5,000 shares. The transaction amount was around $0.2 million.
Forward Air Corporation (FWRD) Director Campbell C Robert bought on Aug 18 a total 5,000 shares at $64.33 on average. The purchase cost the insider an estimated $321,650.
Market Wizard Reveals: The One Ticker Retirement Plan:
Introducing the "One Ticker Retirement Plan"…It's a way to trade just one ticker…And potentially make all the money you need – no matter what happens in the stock market. Sounds too good to be true?
Sponsored
Important Earnings
Top US earnings releases scheduled for today include The Estee Lauder Companies Inc. (NYSE:EL). It will announce its Jun 2023 financial results. The company is expected to report earnings of -$0.03 per share from revenues of $3.47B in the three-month period.
Analysts expect Deere & Company (NYSE:DE) to report a net income (adjusted) of $8.2 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jul 2023 is predicted to come in at $14.25B.
Palo Alto Networks Inc. (PANW), due to announce earnings after the market closes today, is expected to report earnings of $1.28 per share from revenues of $1.96B 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.