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- May 11 - NH - Morning Newsletter (with survey at top and bottom)
May 11 - NH - Morning Newsletter (with survey at top and bottom)
Morning Market Movers: Get Ahead with Today's Top Stocks
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Good Morning!Thursday morning saw a wave of optimism sweep across the US stock market futures, as Dow Jones Industrial Average futures climbed 53 points or 0.16%, S&P 500 futures rose 0.28%, and Nasdaq-100 futures ticked up 0.21%. This comes after Walt Disney posted its latest quarterly results, which saw shares plummet 4.5% during after-hours trading. While the company's streaming division saw a reduction in losses due to increased prices, subscriber growth was hit hard. Meanwhile, Wednesday's trading session saw relatively muted market reactions, with the Nasdaq Composite gaining 1.04% to close at 12,306.44, the S&P 500 inching up 0.45% to 4,137.64, and the Dow Jones Industrial Average ticking down 0.09% to end at 33,531,33. Investors are now awaiting Thursday’s Producer Price Index report, which could have a significant impact on the market's future.
Investors are cashing in on the green-energy revolution in 2023 as the world seeks to attain net-zero! And they're doing so by investing in select small-cap mineral exploration companies that are set to be the NEXT suppliers of the green-energy sources the world needs most in the clean-energy transition. We've done our research… and we've found an under-the-radar mining stock — currently trading below US $0.20 per share — that just confirmed MULTIPLE salt dome anomalies on its properties.
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Today Top Movers
Audacy Inc. (AUD) stock soared 61.7% to $0.2149 in the pre-market trading following the release of first quarter results.
Purple Innovation Inc. (NASDAQ: PRPL) shares are trading up 11.2% at $2.78 at the time of writing after reporting first quarter 2023 results.
Jaguar Health Inc. (JAGX) grew over +40.28% at $1.01 in pre-market trading today after announcing that it has launched AI-powered Web Portal to support patient access to Mytesi, the company's FDA-approved Prescription Drug.
SeaStar Medical Holding Corporation (ICU), a Biotechnology company, rose about +7.69% at $1.26 in pre-market trading Thursday. The company recently provided a regulatory update related to its HDE application for Pediatric Selective Cytopheretic Device.
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
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Top Upgrades & Downgrades
Credit Suisse turned bullish on Alcoa Corporation (AA), upgrading the stock to Outperform and assigning a $50 price target, representing a potential upside of 38.39% from Wednesday's close.
Roblox Corporation (RBLX) has won the favor of Roth MKM's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $48, suggesting a 23.43% additional upside for the stock.
Norfolk Southern Corporation (NSC) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $250. They changed their rating on NSC to Overweight from Neutral in a recently issued research note.
Earlier Thursday CLSA reduced its rating on Block Inc. (SQ) stock to Underperform from Buy and assigned the price target to $63.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for The Mosaic Company (MOS) has been changed to Neutral from Overweight and the new price target is set at $42.
Analysts at Piper Sandler downgraded CF Industries Holdings Inc. (CF)'s stock to Neutral from Overweight Thursday.
Investors! This Is A Lithium Company To Watch
Canadian Prime Minister, Justin Trudeau, visits Canada's only operating lithium mine and notes its importance as a critical mineral. There are big things happening for this lithium company - have you staked your claim in lithium? Click for more info on this exciting investment opportunity and...
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Latest Insider Activity
Apple Inc. (AAPL) Principal Accounting Officer KONDO CHRIS announced the sale of shares taking place on May 08 at $173.26 for some 4,092 shares. The total came to more than $0.71 million.
Airbnb Inc. (ABNB) Director Gebbia Joseph sold on May 08 a total of 333,332 shares at $125.20 on average. The insider’s sale generated proceeds of almost $41.73 million.
U.S. Bancorp (USB) Vice Chair Kelligrew James B declared the purchase of shares taking place on May 08 at $30.59 for some 16,260 shares. The transaction amount was around $0.5 million.
Tyson Foods Inc. (TSN) Group President Poultry MORRIS WES bought on May 10 a total of 9,362 shares at $48.18 on average. The purchase cost the insider an estimated $451,061.
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 Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR). It will announce its Mar 2023 financial results. The company is expected to report earnings of $0.88 per share from revenues of $26.37B in the three-month period.
Analysts expect Gen Digital Inc. (NASDAQ: GEN) to report a net income (adjusted) of $0.44 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2023 is predicted to come in at $940.05M.
News Corporation (NWSA), due to announce earnings after the market closes today, is expected to report earnings of $0.05 per share from revenues of $2.37B 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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