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- May 18 - NH - Morning Newsletter (with survey at top and bottom)
May 18 - NH - Morning Newsletter (with survey at top and bottom)
The Morning Investor: Discover Today's Market Leaders
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Good Morning!U.S. stock futures held steady on Thursday as investors eagerly anticipated a resolution to the ongoing debt ceiling crisis. The Dow Jones Industrial Average futures inched up 15 points, while futures tied to the S&P 500 and Nasdaq-100 also showed slight gains.Regional banks, riding the momentum from the previous session, were poised for further growth. The SPDR S&P Regional Bank ETF (KRE) soared 1.3% higher after a remarkable surge of over 7% on Wednesday. Notably, shares of PacWest experienced an impressive jump of nearly 6%.Following a robust trading day on Wednesday, with all major indices posting gains of over 1%, optimism continued to permeate Wall Street as the possibility of a debt ceiling agreement appeared more likely.House Speaker Kevin McCarthy, in an interview on CNBC's "Squawk Box," expressed confidence that the United States would not default on its debt. President Joe Biden echoed this sentiment in subsequent remarks, expressing belief in the ability of lawmakers to come together and avert a default.
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
DLocal Limited (DLO) stock soared 16.43% to $16.30 in the pre-market trading after announcing strong Q1 financial results.
Take-Two Interactive Software, Inc. (TTWO) shares are trading up 12.37% at $120.48 at the time of writing after reporting an increase of 52.6% to $5.35 billion in GAAP net revenue for fiscal year 2023.
Corvus Pharmaceuticals, Inc. (CRVS) grew over 7.72% at $3.49 in pre-market trading today. The company recently reported that that it will present new data for CPI-818, at the International Conference on Malignant Lymphoma (ICML) meeting, which is taking place June 13-17, 2023 in Lugano, Switzerland.
Sonder Holdings Inc. (SOND) rose about 2.86% at $0.55 in pre-market trading Thursday. The Compensation Committee of Sonder’s Board of Directors recently made an equity inducement grant of stock options to thirty-seven (37) newly hired non-executive employees under the Sonder Holdings Inc. 2023 Inducement Equity Incentive Plan.
146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
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Top Upgrades & Downgrades
BTIG turned bullish on Dynatrace, Inc. (DT), upgrading the stock to Buy and assigning a $57 price target, representing potential upside of 21.15% from Wednesday's close.
WEC Energy Group, Inc. (WEC) has won the favor of Mizuho's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $98, suggesting 9.8% additional upside for the stock.
Cincinnati Financial Corporation (CINF) received an upgrade from analysts at B of A Securities, who also set their one-year price target on the stock to $117. They changed their rating on CINF to Buy from Neutral in a recently issued research note.
Earlier Thursday Truist Securities reduced its rating on The Procter & Gamble Company (PG) stock to Hold from Buy and assigned the price target to $155.
Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Futu Holdings Limited (FUTU) has been changed to Underweight from Equal-Weight and the new price target is set at $34.
Analysts at Jefferies downgraded Amyris, Inc. (AMRS)'s stock to Hold from Buy 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
BorgWarner Inc. (BWA) Director MICHAS ALEXIS P announced the sale of shares taking place on May 17 at $44.45 for some 7,173 shares. The total came to more than $318,851.
Meta Platforms, Inc. (META) Chief Technology Officer Bosworth Andrew sold on May 16 a total 10,923 shares at $235.58 on average. The insider’s sale generated proceeds of almost $2.57 million.
Globalstar, Inc. (GSAT)Director Monroe James III declared the purchase of shares taking place on May 16 at $1.06 for some 145,360 shares. The transaction amount was around $154,082.
QuinStreet, Inc. (QNST) Director PAULDINE DAVID J bought on May 15 a total 15,904 shares at $7.55 on average. The purchase cost the insider an estimated $120,075.
With Tin Demand On The Rise, This Company Is Poised For Growth
Tin is the forgotten energy transformation metal! Have you made your investment yet?
This tin company has a quality asset portfolio, is building a significant position, they're in a fantastic location with access to capital. Now they've defined coherent and locally coincident lithium and tin anomalies.
Click for more info, and make sure to subscribe for alerts...
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Important Earnings
Top US earnings releases scheduled for today include Alibaba Group Holding Limited (BABA). It will announce its Mar 2023 financial results. The company is expected to report earnings of $1.35 per share from revenues of $30.24B in the three-month period.
Analysts expect Grab Holdings Limited (GRAB) to report a net income (adjusted) of -$0.06 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2023 is predicted to come in at $490.14M.
Walmart Inc. (WMT), due to announce earnings before the market opens today, is expected to report earnings of $1.32 per share from revenues of $148.65B 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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