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- Nov - 09 - NH - Morning Newsletter (with survey at top and bottom)
Nov - 09 - NH - Morning Newsletter (with survey at top and bottom)
Unlock Potential: 4 Stocks Primed for a Breakout
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S&P 500 futures experienced a modest decline on Thursday after the index extended its longest winning streak since November 2021 in the previous session. Both S&P 500 and Nasdaq 100 futures dipped by approximately 0.1%, while Dow Jones Industrial Average futures remained unchanged. In after-hours trading, Disney saw a 3% increase following better-than-expected profit reports, while Lyft faced a nearly 2% drop due to lower-than-anticipated bookings. The broader market had a relatively subdued yet significant day, with the S&P 500 completing an eight-day winning streak and the Nasdaq Composite achieving a ninth consecutive positive session, the longest in two years. However, the Dow ended the day down by about 0.1%, breaking a seven-day run of gains. Investors are closely monitoring Thursday for morning jobless claims data and expecting remarks from various Federal Reserve officials, including Chair Jerome Powell.
A North American Lithium Corp. Continues to Prove Opportunity
Lithium Americas has handed investors profits of 2,705%.
Sigma Lithium has return an almost identical 2,706% since it began trading in 2018.
And Alkem Limited is up 174% over the last 5 years and 733% over the last 10 years.
Now's the time to invest in this lithium company, while it's a small cap around 25M.
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Today Top Movers
Intelligent Bio Solutions Inc (INBS) stock soared 90.31% to $0.432 in the pre-market trading after reporting fiscal 2024 first quarter financial results.
PubMatic Inc (NASDAQ: PUBM) shares are trading up 15.7% at $14 at the time of writing following the release of third quarter 2023 financial results.
Bloom Energy Corp (BE) grew over 18.15% at $11.85 in pre-market trading today after reporting record revenue in third quarter 2023 financial results.
Marathon Digital Holdings Inc (MARA), a Capital Markets company, rose about 9.36% at $9.35 in pre-market trading Thursday. The company declared third quarter 2023 results.
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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Top Upgrades & Downgrades
Deutsche Bank turned bullish on Parker-Hannifin Corp. (PH), upgrading the stock to "Buy" and assigning a $506 price target, representing potential upside of 22.73% from Tuesday's close.
Triumph Group Inc. (TGI) has won the favor of TD Cowen 's equity research team. The firm upgraded the shares from Market Perform to Outperform and moved their price target to $14, suggesting 52.17% additional upside for the stock.
TopBuild Corp (BLD) received an upgrade from analysts at Evercore ISI Group, who also set their one-year price target on the stock to $368. They changed their rating on BLD to Outperform from In-Line in a recently issued research note.
Earlier Thursday Keefe, Bruyette & Woods reduced its rating on James River Group Holdings Ltd (JRVR) stock to Market Perform from Outperform and assigned the price target to $14.
JonesTrading analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Durect Corp (DRRX) has been changed to Hold from Buy.
Analysts at Keybanc downgraded WideOpenWest Inc (WOW)'s stock to Sector Weight from Overweight Thursday.
The Strangest Man on the Forbes Richest List
A Single Move – One Any American Can Complete Within 24 Hours – Made Him One of the Richest People on Earth.
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Latest Insider Activity
Netflix Inc. (NFLX) Executive Chairman HASTINGS REED announced the sale of shares taking place on Nov 07 at $435.33 for some 81,347 shares. The total came to more than $35.41 million.
Hims & Hers Health Inc (HIMS) Chief Operating Officer Baird Melissa sold on Nov 08 a total 9,133 shares at $7.09 on average. The insider’s sale generated proceeds of almost $64735.0.
United Airlines Holdings Inc (UAL) Director KENNEDY JAMES A C declared the purchase of shares taking place on Nov 07 at $36.67 for some 1,500 shares. The transaction amount was around $55005.0.
Keurig Dr Pepper Inc (KDP) Chief Operating Officer Cofer Timothy P. bought on Nov 08 a total 15,000 shares at $31.06 on average. The purchase cost the insider an estimated $465,900.
Exec Aims for 111,000% Again
After a huge 111,000% success in Monster Energy, this CEO is jumping on the health trend with a drink that has no added sugar and is 100% plant-based.
The energy drink industry is growing at an over 7% CAGR and most of the market is owned by drinks which everyone knows are poor for your health. Now investors are presented with a healthy alternative in a sector that is set to explode past $86B.
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Important Earnings
Top US earnings releases scheduled for today include Canopy Growth Corporation (NASDAQ:CGC). It will announce its Sep 2023 financial results. The company is expected to report earnings of -$0.13 per share from revenues of $68.05M in the three-month period.
Analysts expect Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) to report a net income (adjusted) of $0.83 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2023 is predicted to come in at $24.7B.
Plug Power Inc (PLUG), due to announce earnings after the market closes today, is expected to report earnings of -$0.3 per share from revenues of $237.92M 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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