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- May 12 - NH - Morning Newsletter (with survey at top and bottom)
May 12 - NH - Morning Newsletter (with survey at top and bottom)
Sunrise Stock Watch: Profit from the Day's Top Picks
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Good Morning!Good news for investors, U.S. stock futures were all in the green on Friday morning, with the Dow Jones Industrial Average futures rising by 80 points or 0.24%. S&P 500 and Nasdaq 100 futures followed suit, climbing 0.23% and 0.15%, respectively.In other news, Elon Musk announced that he's stepping down as CEO of Twitter, but don't worry, he's not leaving the tech world entirely. He's set to oversee products at the social media giant, while Tesla shares ticked higher in extended trading following the news.However, a debt ceiling meeting between President Joe Biden and congressional leaders that was set for Friday has been postponed until next week, according to a report by CNBC.Investors are recovering from a string of losses, with the Dow Jones Industrial Average sliding more than 200 points, or 0.66%, over the course of four straight losing sessions. Disney's decline following poor subscriber numbers and stress in the regional banking sector after PacWest Bancorp reported a drop in deposits have been weighing on stocks. The S&P 500 declined 0.17%, while the Nasdaq Composite added 0.18%.Even though weaker-than-expected wholesale prices data provided some relief as a sign of easing inflation, investors are still concerned about a potential downturn ahead, particularly as a few stocks continue to carry the market.
#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
Getaround Inc. (GETR) stock soared 112.92% to $0.7050 in the pre-market trading after announcing that the company is acquiring substantially all of the assets of HyreCar (HYRE), for an aggregate purchase price of $9.45 million.
Dermata Therapeutics Inc. (NASDAQ: DRMA) shares are trading up 59.59% at $3.08 at the time of writing following the release of its first quarter 2023 financial results.
Cidara Therapeutics Inc. (CDTX) grew over 18.64% at $1.4 in pre-market trading today. The company recently reported first quarter 2023 financial results.
Blue Bird Corporation (BLBD), an Auto Manufacturers company, rose about 31.21% at $25.35 in pre-market trading Friday after declaring the fiscal year 2023 second quarter results.
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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Top Upgrades & Downgrades
Deutsche Bank turned bullish on Euronav NV (EURN), upgrading the stock to Buy and assigning a $20 price target, representing a potential upside of 21.07% from Thursday's close.
Iris Energy Limited (IREN) has won the favor of Cantor Fitzgerald's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $7, suggesting a 101.15% additional upside for the stock.
Allakos Inc. (ALLK) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $9. They changed their rating on ALLK to Buy from Hold in a recently issued research note.
Earlier Friday Mizuho reduced its rating on Twilio Inc. (TWLO) stock to Neutral from Buy and assigned the price target to $55.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for ImmunityBio Inc. (IBRX) has been changed to Neutral from Overweight and the new price target is set at $4.
Analysts at Wells Fargo downgraded Fox Corporation (FOXA)'s stock to Equal-Weight from Overweight Friday.
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
SoFi Technologies Inc. (SOFI) Chief Technology Officer Rishel Jeremy announced the sale of shares taking place on May 09 at $5.47 for some 200,000 shares. The total came to more than $1.09 million.
WW International Inc. (WW) 10% Owner Westend S.A. sold on May 10 a total of 14,818,300 shares at $7.15 on average. The insider’s sale generated proceeds of almost $105.95 million.
First Horizon Corporation (FHN) Director Sugranes Rosa declared the purchase of shares taking place on May 10 at $10.22 for some 1,948 shares. The transaction amount was around $19905.0.
Coinbase Global Inc. (COIN) Director Ehrsam Frederick Ernest III bought on May 10 a total of 710,000 shares at $62.07 on average. The purchase cost the insider an estimated $44.07 million.
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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Important Earnings
Top US earnings releases scheduled for today include Crescent Point Energy Corp. (NYSE:CPG). It will announce its Mar 2023 financial results. The company is expected to report earnings of $0.3 per share from revenues of $641.56M in the three-month period.
Analysts expect Spectrum Brands Holdings Inc. (NYSE: SPB) to report a net income (adjusted) of -$0.04 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2023 is predicted to come in at $759.29M.
Humacyte Inc. (HUMA), due to announce earnings before the market opens today, is expected to report earnings of -$0.21 per share from revenues of $170k 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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