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- May 30 - NH - Morning Newsletter (with survey at top and bottom)
May 30 - NH - Morning Newsletter (with survey at top and bottom)
The Morning Stock Brief: 4 Power Stocks to Watch
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Good Morning!Stock futures saw a boost on Tuesday following a tentative deal between the Biden administration and Republican lawmakers to raise the U.S. debt ceiling.Futures tied to the Dow Jones Industrial Average climbed by 91 points, equivalent to a 0.3% increase, while S&P 500 futures showed a gain of 0.6%. Nasdaq-100 futures demonstrated the most significant rise with a 1.2% climb.President Joe Biden and House Majority Leader Kevin McCarthy reached an agreement over the weekend to raise the debt ceiling, aiming to prevent a default. The legislation is expected to be voted on as early as Wednesday. The plan requires support from both Republican and Democratic lawmakers to pass.This agreement comes just before the "X date" on June 5, which marks the earliest potential default on U.S. debt obligations according to the Treasury Department. The initial compromise was announced on Saturday evening.Investor concerns were raised during the lengthy negotiations between the White House and congressional leaders, with the fear of a potential default on U.S. debt. Alongside this, Wall Street has been navigating challenges such as persistent inflation and a banking crisis this year.Following the closure of the market on Monday for Memorial Day, stocks closed higher on Friday, with both the Nasdaq Composite and S&P 500 ending the week with gains. Additionally, corporate earnings from HP Inc. and Salesforce are expected on Tuesday and Wednesday, respectively.
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite!
Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
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Today Top Movers
Ideanomics Inc. (IDEX) stock soared 40.53% to $0.0534 in the pre-market trading. Ideanomics' US Hybrid secures two contracts for electric propulsion systems.
Gaotu Techedu Inc. (NYSE: GOTU) shares are trading up 22.89% at $3.06 at the time of writing following the release of its unaudited financial results for the first quarter ended March 31, 2023.
Lexicon Pharmaceuticals Inc. (LXRX) grew over 14.47% at $3.64 in pre-market trading today after announcing that the U.S. Food and Drug Administration (FDA) has approved INPEFA™, a once-daily oral tablet to reduce the risk of cardiovascular death, hospitalization for heart failure, and urgent heart failure visit in adults.
Iovance Biotherapeutics Inc. (IOVA), a Biotechnology company, rose about 14.97% at $8.68 in pre-market trading Tuesday. The company recently declared that U.S. Food and Drug Administration accepted its Biologics License Application (BLA) for lifileucel for patients with advanced melanoma.
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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Top Upgrades & Downgrades
Jefferies turned bullish on Ford Motor Company (F), upgrading the stock to Buy and assigning a $16 price target, representing potential upside of 32.34% from Friday's close.
Coinbase Global Inc. (COIN) has won the favor of Atlantic Equities' equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $70, suggesting 22.98% additional upside for the stock.
Alliant Energy Corporation (LNT) received an upgrade from analysts at BMO Capital, who also set their one-year price target on the stock to $56. They changed their rating on LNT to Outperform from Market Perform in a recently issued research note.
Earlier Tuesday Morgan Stanley reduced its rating on Abbott Laboratories (ABT) stock to Equal Weight from Overweight.
Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Millicom International Cellular S.A. (TIGO) has been changed to Equal Weight from Overweight.
Forbes mag says this strategy "like finding money in the street"
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
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Latest Insider Activity
MannKind Corporation (MNKD) Chief Executive Officer Castagna Michael announced the sale of shares taking place on May 26 at $4.50 for some 75,000 shares. The total came to more than $0.34 million.
Palo Alto Networks Inc. (PANW) Chief Executive Officer Arora Nikesh sold on May 25 a total 30,000 shares at $208.51 on average. The insider’s sale generated proceeds of almost $6.26 million.
Coeur Mining Inc. (CDE) Chairman (non-executive) MELLOR ROBERT E declared the purchase of shares taking place on May 25 at $3.00 for some 5,000 shares. The transaction amount was around $14995.0.
Gates Industrial Corporation plc (GTES) Director Eliasson Fredrik J bought on May 25 a total 50,000 shares at $11.57 on average. The purchase cost the insider an estimated $578,500.
Incredible Investment Opportunity - Get In On the Ground Floor
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Access to early-stage companies with disruptive technology is no longer exclusive to venture capitalists & angel investors if companies get their offerings qualified under Regulation A+. Here's your shot today!
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Important Earnings
Top US earnings releases scheduled for today include Hewlett Packard Enterprise Company (NYSE: HPE). It will announce its Apr 2023 financial results. The company is expected to report earnings of $0.48 per share from revenues of $7.31B in the three-month period.
Analysts expect HP Inc. (NYSE: HPQ) to report a net income (adjusted) of $0.76 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Apr 2023 is predicted to come in at $13.07B.
Box Inc. (BOX), due to announce earnings after the market closes today, is expected to report earnings of $0.27 per share from revenues of $249.25M 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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