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- Nov - 17 - NH - Morning Newsletter (with survey at top and bottom)
Nov - 17 - NH - Morning Newsletter (with survey at top and bottom)
🌟 Today's 4 Top Stock Picks – Must See!
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Good Morning!
Stock futures hovered around the unchanged mark on Friday as investors aimed to sustain the gains made earlier this month. Futures linked to the Dow Jones Industrial Average edged up by 21 points, or 0.06%. S&P 500 futures saw a modest increase of 0.06%, whereas Nasdaq 100 futures experienced a slight decline of 0.09%.During after-hours trading, Gap shares surged by 15% following the company's third-quarter results that exceeded expectations. On the flip side, the electric vehicle charging network ChargePoint witnessed a 29% decline after revealing changes in its executive leadership and revising down its forecast for third-quarter revenue.The pivotal question remains whether traders can uphold their optimism throughout the remainder of the month. In November, the S&P 500 recorded a 7.5% increase, the Dow saw a gain of 5.7%, and the Nasdaq soared by 9.8%.Later in the day, investors will be closely watching housing starts and building permit data for October.
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Today Top Movers
Mural Oncology Plc (MURA) stock soared 60.53% to $6.10 in the pre-market trading. The company recently filed 8-K form with the SEC.
Syntec Optics Holdings Inc. (NASDAQ: OPTX) shares are trading up 26.21% at $6.5 at the time of writing after announcing that it has been awarded contract for optics in biomedical equipment
Gap, Inc. (GPS) grew over 20.04% at $16.41 in pre-market trading today after releasing third quarter fiscal 2023 results.
C3is Inc (CISS), a Marine Shipping company, rose about 9.11% at $0.455 in pre-market trading Friday following the SEC filing.
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Top Upgrades & Downgrades
Citigroup turned bullish on Larimar Therapeutics Inc (LRMR), upgrading the stock to "Buy" and assigning a $4.5 price target, representing potential upside of 38.04% from Thursday's close.
Analog Devices Inc. (ADI) has won the favor of Morgan Stanley's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $225, suggesting 21.92% additional upside for the stock.
Roblox Corporation (RBLX) received an upgrade from analysts at Wolfe Research. They changed their rating on RBLX to Peer Perform from Underperform in a recently issued research note.
Earlier Friday Evercore ISI Group reduced its rating on Airbnb Inc (ABNB) stock to In-Line from Outperform and assigned the price target to $136.
UBS analysts reduced their investment ratings, saying in research reports covered by the media that its rating for CareMax Inc (CMAX) has been changed to Neutral from Buy and the new price target is set at $1.
Analysts at Redburn Atlantic downgraded Air Products & Chemicals Inc. (APD)'s stock to Sell from Buy Friday.
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Latest Insider Activity
Palantir Technologies Inc (PLTR) Director Schiff Alexandra W. announced the sale of shares taking place on Nov 16 at $19.81 for some 4,000 shares. The total came to more than $79240.0.
Uber Technologies Inc (UBER) Chief Executive Officer KHOSROWSHAHI DARA sold on Nov 14 a total 100,000 shares at $52.84 on average. The insider’s sale generated proceeds of almost $5.28 million.
Zomedica Corp (ZOM) Director POWERS JOHNNY D declared the purchase of shares taking place on Nov 15 at $0.17 for some 150,000 shares. The transaction amount was around $25950.0.
Topgolf Callaway Brands Corp (MODG) Director Flanagan Laura Jean bought on Nov 15 a total 1,676 shares at $11.94 on average. The purchase cost the insider an estimated $20,003.
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Important Earnings
Top US earnings releases scheduled for today include BJ's Wholesale Club Holdings Inc (NYSE:BJ). It will announce its Oct 2023 financial results. The company is expected to report earnings of $0.95 per share from revenues of $4.9B in the three-month period.
Analysts expect Twist Bioscience Corp (NASDAQ:TWST) to report a net income (adjusted) of -$0.92 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2023 is predicted to come in at $63.45M.
Spectrum Brands Holdings Inc. (SPB), due to announce earnings before the market opens today, is expected to report earnings of $1.03 per share from revenues of $738.26M 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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