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- May 23 - NH - Morning Newsletter (with survey at top and bottom)
May 23 - NH - Morning Newsletter (with survey at top and bottom)
Early Bird Stock Picks: 4 Must-Watch Stocks
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Good Morning!Stock futures experienced a slight decline on Tuesday following a significant debt ceiling meeting between President Joe Biden and House Speaker Kevin McCarthy.Futures linked to the Dow Jones Industrial Average slipped by 62 points or 0.2%. Similarly, S&P 500 futures saw a slight 0.1% decrease, while Nasdaq-100 futures experienced a marginal decline.The meeting held at the White House on Monday evening was described by McCarthy as "productive" and "professional." These discussions, taking place just 10 days ahead of the potential default on June 1, seemed to carry a more positive tone following the hour-long conversation.The meeting followed a mixed session for Wall Street, where investors closely monitored updates on the resumed debt ceiling negotiations. The Dow experienced a 0.4% loss, while the S&P 500 remained relatively unchanged. On the other hand, the Nasdaq Composite saw a 0.5% increase, reaching its highest intraday level and closing since August.Investors will be paying close attention to a series of quarterly earnings reports from retail stocks, including Lowe's, BJ's Wholesale, and Dick's Sporting Goods, which are scheduled for Tuesday. Additionally, they will be keeping an eye on morning data concerning the manufacturing and services sectors, as well as new home sales, on the economic front.
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
Navidea Biopharmaceuticals Inc. (NAVB) stock soared 28.18% to $0.1433 in the pre-market trading after announcing the sale of Preferred Shares totaling $1.1 million to new existing investors.
PacWest Bancorp (NASDAQ: PACW) shares are trading up 15.33% at $7.9 at the time of writing after it plans to sell $2.6 billion worth of its loan portfolio to build capital fueled optimism among investors.
HeartCore Enterprises Inc. (HTCR) grew over 27.34% at $1.63 in pre-market trading today. The company recently reported strong first quarter 2023 financial results.
Applied UV Inc. (AUVI), a Furnishings Fixtures & Appliances company, rose about 37.26% at $0.652 in pre-market trading Tuesday after releasing Q1, 2023 financial results.
Could this hidden gem be poised for a rebound?
The demand for precious metals, especially gold, is growing due to technological advancements!
Canada's gold mining industry is expected to rise with better technology to access new deposits and increase recovery rates.
We know a company well positioned to meet this demand. This Gold stock has strategically positioned projects to capitalize on the region's mineral wealth.
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Top Upgrades & Downgrades
Goldman Sachs turned bullish on Quanterix Corporation (QTRX), upgrading the stock to Buy and assigning a $27 price target, representing potential upside of 40.41% from Monday's close.
Myriad Genetics Inc. (MYGN) has won the favor of Goldman Sachs' equity research team. The firm upgraded the shares from Sell to Buy and moved their price target to $25, suggesting 24.56% additional upside for the stock.
Greenhill & Co. Inc. (GHL) received an upgrade from analysts at Keefe, Bruyette & Woods, who also set their one-year price target on the stock to $15. They changed their rating on GHL to Market Perform from Underperform in a recently issued research note.
Earlier Tuesday EF Hutton reduced its rating on Rain Oncology Inc. (RAIN) stock to Hold from Buy and assigned the price target to $5.
Credit Suisse analysts reduced their investment ratings, saying in research reports covered by the media that its rating for VectivBio Holding AG (VECT) has been changed to Neutral from Outperform and the new price target is set at $17.
Analysts at RBC Capital downgraded Wheaton Precious Metals Corp. (WPM)'s stock to Sector Perform from Outperform Tuesday.
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.
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Latest Insider Activity
NVIDIA Corporation (NVDA) EVP, Operations Shoquist Debora announced the sale of shares taking place on May 18 at $305.00 for some 23,084 shares. The total came to more than $7.04 million.
Alphabet Inc. (GOOGL) 10% Owner GV 2019 GP, L.L.C. sold on May 19 a total 63,212 shares at $13.88 on average. The insider’s sale generated proceeds of almost $0.88 million.
First Horizon Corporation (FHN) Director PALMER VICKI R declared the purchase of shares taking place on May 19 at $11.02 for some 2,000 shares. The transaction amount was around $22041.0.
General Motors Company (GM) Executive Vice President & CFO Jacobson Paul A bought on May 19 a total 31,000 shares at $32.60 on average. The purchase cost the insider an estimated $1.01 million.
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
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Important Earnings
Top US earnings releases scheduled for today include V.F. Corporation (NYSE: VFC). It will announce its Mar 2023 financial results. The company is expected to report earnings of $0.14 per share from revenues of $2.73B in the three-month period.
Analysts expect Palo Alto Networks Inc. (NASDAQ: PANW) to report a net income (adjusted) of $0.93 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Apr 2023 is predicted to come in at $1.71B.
Toll Brothers Inc. (TOL), due to announce earnings after the market closes today, is expected to report earnings of $1.91 per share from revenues of $2.06B 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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