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- Nov - 07 - NH - Morning Newsletter (with survey at top and bottom)
Nov - 07 - NH - Morning Newsletter (with survey at top and bottom)
Morning Glory: 4 Stocks Forecasted to Soar Today
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Good Morning!
Early on Tuesday, stock futures saw a decline as investors evaluated the sustainability of the recent Wall Street rally. Dow Jones Industrial Average futures fell by 0.25%, dropping 84 points, while S&P 500 and Nasdaq 100 futures each dipped around 0.2%. In Monday's regular trading, stocks managed to post gains, with the Nasdaq Composite marking its seventh consecutive positive session for the first time since January. Both the S&P 500 and the Dow Jones Industrial Average enjoyed their sixth straight session of gains, a feat not witnessed since June and July, respectively. On the economic front, a U.S. trade deficit report is anticipated for Tuesday morning, and this week will also see the release of quarterly results from Disney, Wynn Resorts, and Occidental Petroleum.
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Today Top Movers
Senti Biosciences Inc. (SNTI) stock soared 144.73% to $0.7146 in the pre-market trading after announcing new strategic collaboration with Celest Therapeutics for clinical development of SENTI-301A in China.
Tharimmune Inc (NASDAQ: THAR) shares are trading up 63.98% at $0.2586 at the time of writing after announcing the execution of an exclusive worldwide licensing agreement with Avior Inc. d/b/a Avior Bio, LLC to develop, market and commercialize a clinical-stage asset, AV104.
Transmedics Group Inc (TMDX) grew over 41.75% at $56.97 in pre-market trading today. TransMedics Reports Third Quarter 2023 Financial Results.
Alteryx Inc (AYX), a Software - Application company, rose about 18.23% at $35.87 in pre-market trading Tuesday after announcing third quarter 2023 financial results.
Early Profit-Advantage on 40-cent Uranium Stock as Prices Soar
Uranium just blew past decade highs and it's going higher still. The stocks within it, particularly the small-caps, are heading to the stratosphere. Investors are lining up for the windfall of a lifetime. The last time we saw something like this, uranium prices roared all the way to $140. Well-timed investors could make 10X, 20X and even 30X gains.
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Top Upgrades & Downgrades
DA Davidson turned bullish on Appian Corp (APPN), upgrading the stock to "Buy" and assigning a $55 price target, representing potential upside of 43.38% from Monday's close.
Monday.Com Ltd (MNDY) has won the favor of DA Davidson's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $170, suggesting 30.84% additional upside for the stock.
Spirit Realty Capital Inc (SRC) received an upgrade from analysts at Exane BNP Paribas, who also set their one-year price target on the stock to $46. They changed their rating on SRC to Neutral from Underperform in a recently issued research note.
Earlier Tuesday Stifel reduced its rating on Mirati Therapeutics Inc (MRTX) stock to Hold from Buy and assigned the price target to $59.
Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for RE/MAX Holdings Inc (RMAX) has been changed to Underweight from Equal-Weight and the new price target is set at $9.
Analysts at Seaport Research downgraded Gol Linhas Aereas Inteligentes S.A. ADR (GOL)'s stock to Neutral from Buy Tuesday.
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Latest Insider Activity
SoFi Technologies Inc (SOFI) Chief Risk Officer Webster Aaron announced the sale of shares taking place on Nov 03 at $8.08 for some 215,299 shares. The total came to more than $1.74 million.
Amazon.com Inc. (AMZN) CEO Amazon Web Services Selipsky Adam sold on Nov 03 a total 500 shares at $139.00 on average. The insider’s sale generated proceeds of almost $69500.0.
Bank Of America Corp. (BAC) Director Woods Thomas D declared the purchase of shares taking place on Nov 01 at $26.25 for some 25,000 shares. The transaction amount was around $0.66 million.
VF Corp. (VFC) Director Shattock Matthew J bought on Nov 03 a total 20,000 shares at $15.31 on average. The purchase cost the insider an estimated $306,140.
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Important Earnings
Top US earnings releases scheduled for today include Gilead Sciences, Inc. (NASDAQ:GILD). It will announce its Sep 2023 financial results. The company is expected to report earnings of $1.81 per share from revenues of $6.42B in the three-month period.
Analysts expect Occidental Petroleum Corp. (NYSE:OXY) to report a net income (adjusted) of $0.86 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2023 is predicted to come in at $7.08B.
Devon Energy Corp. (DVN), due to announce earnings after the market closes today, is expected to report earnings of $1.47 per share from revenues of $3.54B 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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