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- Nov - 21 - NH - Morning Newsletter (with survey at top and bottom)
Nov - 21 - NH - Morning Newsletter (with survey at top and bottom)
💡 4 Stocks, Big Potential – Investor Alert!
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Good Morning!
In the early hours of Tuesday, stock futures maintained a close proximity to the neutral territory. Futures linked to the Dow Jones Industrial Average exhibited a slight dip of 32 points, translating to a 0.09% decrease. Simultaneously, S&P 500 futures recorded a marginal 0.1% decline, with Nasdaq 100 futures trailing just behind at a 0.05% drop.Investors are eagerly awaiting insights as Tuesday unfolds, with a keen focus on the minutes from the Federal Reserve's October 31 to November 1 policy meeting. The hope is to gain clarity on the decisions surrounding interest rates and discern any potential shifts in strategy. According to Fed funds futures pricing data, there is an almost certain 100% probability that the Federal Open Market Committee will maintain the status quo on rates at its forthcoming December meeting.Adding to the market buzz, several companies, including Lowe’s, Best Buy, and HP, are set to release their quarterly results today. Nvidia aside, these companies will offer a comprehensive snapshot of their performance, with Lowe’s and Best Buy scheduled for pre-market reports, while HP plans to unveil its results later in the afternoon. Investors will closely analyze these outcomes for further market cues.
Could This Tiny, sub-$5 Stock Be the Biggest AI Opportunity of 2023?
For investors, this may be the biggest tech opportunity you'll see in your lifetime. (HINT: It's not who you think.)
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Today Top Movers
TRACON Pharmaceuticals Inc (TCON) stock soared 52.91% to $0.2653 in the pre-market trading after announcing license of product development platform for $3.0 million upfront payment.
LQR House Inc (NASDAQ: LQR) shares are trading up 45.93% at $0.0896 at the time of writing. The company repurchased 1,476,355 shares in ongoing share buy back initiative
Symbotic Inc (SYM) grew over 22.44% at $45.5 in pre-market trading today following the release of 2023 results with record revenue and improved margin.
Connect Biopharma Holdings Ltd ADR (CNTB), a Biotechnology company, rose about 25.73% at $2.59 in pre-market trading Tuesday after announcing exclusive licensing and collaboration agreement with Simcere Pharmaceutical Co. in Greater China
Imagine buying one single stock in the next three hours...
...and changing the trajectory of your family's future forever.
It can happen. But the question is... How do you find the right stock?
How do we go about identifying the stock with the best chance to get us there?
That's what I'm going to share with you today.
You see... I've found the next stock that I believe has just as much potential as (perhaps more than) Berkshire Hathaway, Apple, Netflix or Amazon.
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Top Upgrades & Downgrades
B of A Securities turned bullish on PENN Entertainment Inc (PENN), upgrading the stock to "Buy" and assigning a $30 price target, representing potential upside of 14.2% from Monday's close.
Celanese Corp (CE) has won the favor of Piper Sandler's equity research team. The firm upgraded the shares from Underweight to Neutral and moved their price target to $135, suggesting 2.65% additional upside for the stock.
Gen Digital Inc (GEN) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $26. They changed their rating on GEN to Overweight from Equal-Weight in a recently issued research note.
Earlier Tuesday Citigroup reduced its rating on Zions Bancorporation N.A (ZION) stock to Neutral from Buy and assigned the price target to $37.
Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Incyte Corp. (INCY) has been changed to Neutral from Buy and the new price target is set at $65.
Analysts at Wedbush downgraded 2seventy bio Inc (TSVT)'s stock to Neutral from Outperform Monday.
This Strange Plant Could Lead to a BIG Opportunity for Investors
A little-known company is developing a new nanotechnology that
instantly repels viruses
, bacteria, and even
the strongest superbugs
. It's inspired by the "sacred" lotus plant with nanoscopic features a BILLION times smaller than we can see with the naked eye.
You have the opportunity to get in on this company early –
before
it potentially starts down the path to commercialization.
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Latest Insider Activity
Shift4 Payments Inc (FOUR) Chief Financial Officer Disman Nancy announced the sale of shares taking place on Nov 16 at $65.07 for some 10,000 shares. The total came to more than $0.65 million.
Ramaco Resources Inc (METC) Director LAWRENCE BRYAN H sold on Nov 20 a total 28,172 shares at $16.46 on average. The insider’s sale generated proceeds of almost $0.46 million.
Rithm Capital Corporation (RITM) 10% Owner Rithm Capital Corp. declared the purchase of shares taking place on Nov 17 at $12.70 for some 29,664,827 shares. The transaction amount was around $376.74 million.
Sculptor Capital Management, Inc. (SCU) 10% Owner Rithm Capital Corp. bought on Nov 17 a total 29,664,827 shares at $12.70 on average. The purchase cost the insider an estimated $376.74 million.
Free Report: 3 Top S&P 500 Stocks to Buy for 2024
As noted by USA Today, "Analysts expect improving market fundamentals in 2024. The S&P 500 entered bull market territory in June 2023 after gaining more than 20% from its October 2022 lows. Since World War II, the average S&P 500 bull market has lasted more than five years, according to LPL Research."
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Important Earnings
Top US earnings releases scheduled for today include NVIDIA Corp (NASDAQ:NVDA). It will announce its Oct 2023 financial results. The company is expected to report earnings of $3.09 per share from revenues of $14.82B in the three-month period.
Analysts expect HP Inc (NYSE:HPQ) 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 Oct 2023 is predicted to come in at $12.67B.
Nordstrom, Inc. (JWN), due to announce earnings after the market closes today, is expected to report earnings of $0.12 per share from revenues of $3.4B 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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