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- Nov - 08 - NH - Morning Newsletter (with survey at top and bottom)
Nov - 08 - NH - Morning Newsletter (with survey at top and bottom)
Early Risers: 4 Stocks Set to Surge Today
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Good Morning!
U.S. stock futures experienced a slight decline on Wednesday, following the impressive winning streaks of the S&P 500 and Nasdaq Composite, their longest in nearly two years. S&P 500 futures slipped by 0.07%, while Nasdaq 100 futures edged down 0.10%, and Dow Jones Industrial Average futures fell by 20 points or 0.06%.In the after-hours market, Array Technologies witnessed a substantial drop of around 13% as the solar tracker company provided a cautious outlook for full-year earnings and revenue. Spirit AeroSystems, a key Boeing supplier, faced a 14% decline after announcing plans for capital raising through stock and note offerings. Investors will eagerly anticipate earnings reports from MGM Resorts, Walt Disney, and Take-Two Interactive after Wednesday's market close, with a keen eye on September's wholesale inventories data.
A North American Lithium Corporation Still On the Rise
North American Lithium Corporation's Zeus Project found a reserve projected to be the 4th largest in the world for this sought after resource.
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Today Top Movers
Ault Alliance Inc (AULT) stock soared 21.9% to $0.1414 in the pre-market trading after announcing that Gresham Worldwide received $5.4 million in contract orders
GAN Limited (NASDAQ: GAN) shares are trading up +92.87% at $1.72 at the time of writing following the announcement of definitive agreement to be acquired by SEGA SAMMY CREATION.
Lumos Pharma Inc (LUMO) grew over +56.04% at $5.68 in pre-market trading today after reporting third quarter 2023 financial results and clinical development updates.
Upwork Inc. (UPWK) surged about 22.25% at $14.70: in pre-market trading Wednesday after reporting third quarter 2023 financial results.
The 5 Billion Barrel Oil Ocean
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Top Upgrades & Downgrades
Chardan Capital turned bullish on ProQR Therapeutics N.V (PRQR), upgrading the stock to "Buy" and assigning a $2 price target, representing potential upside of 42.86% from Tuesday's close.
Quanta Services, Inc. (PWR) has won the favor of Goldman Sachs's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $211, suggesting 27.82% additional upside for the stock.
ContextLogic Inc (WISH) received an upgrade from analysts at Loop Capital, who also set their one-year price target on the stock to $4. They changed their rating on WISH to Hold from Sell in a recently issued research note.
Earlier Wednesday Piper Sandler reduced its rating on First Guaranty Bancshares Inc (FGBI) stock to Underweight from Neutral and assigned the price target to $9.5.
Evercore ISI Group analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Nextdoor Holdings Inc (KIND) has been changed to In-Line from Outperform and the new price target is set at $3.
Analysts at Goldman Sachs downgraded Mastec Inc. (MTZ)'s stock to Neutral from Buy Wednesday.
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Latest Insider Activity
Wayfair Inc (W) Chief Commercial Officer Blotner Jon announced the sale of shares taking place on Nov 06 at $50.00 for some 3,628 shares. The total came to more than $0.18 million.
DraftKings Inc. (DKNG) Kalish Matthew sold on Nov 06 a total 105,660 shares at $34.26 on average. The insider’s sale generated proceeds of almost $3.62 million.
Lumen Technologies Inc (LUMN) Director Fowler James declared the purchase of shares taking place on Nov 07 at $1.40 for some 70,000 shares. The transaction amount was around $97916.0.
Blackstone Inc (BX) Director Porat Ruth bought on Nov 06 a total 247 shares at $100.54 on average. The purchase cost the insider an estimated $24,866.
Boost Your Portfolio with This Ultra Low-Priced Uranium Stock
Investors are lining up for gains in the New Uranium Bull Market. One tiny uranium company - currently trading undiscovered by Wall Street around US$0.40 per share - controls one of the largest land positions in the hotbed of global uranium production. Best of all, the vast majority of the firm's projects are being funded by MUCH LARGER companies.
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Important Earnings
Top US earnings releases scheduled for today include Marathon Digital Holdings Inc (NASDAQ:MARA). It will announce its Sep 2023 financial results. The company is expected to report earnings of -$0.11 per share from revenues of $103.04M in the three-month period.
Analysts expect Ginkgo Bioworks Holdings Inc (NYSE:DNA) to report a net income (adjusted) of -$0.09 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2023 is predicted to come in at $48.08M.
Lyft Inc (LYFT), due to announce earnings after the market closes today, is expected to report earnings of $0.13 per share from revenues of $1.14B 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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