Nov - 24 - NH - Morning Newsletter (with survey at top and bottom)

🌄 Rise & Shine: 4 Stocks Poised for Success Today!

November 24, 2023

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Good Morning!

U.S. stock futures are pointing to a positive market open on Black Friday. The imminent release of economic data has kept the financial community on high alert. The United States is anticipating a slight dip in the S&P Global (NYSE:SPGI) PMI, with services expected to reach 50.4 and manufacturing expected to hit 49.8. This data release precedes a shortened trading day on Wall Street, with no other major data releases anticipated today. The U.S. economy exhibited a slowdown in inflation and job creation in October, a development that was met with relief by Federal Reserve officials. However, concerns raised in the Federal Open Market Committee Minutes from the November meeting and warnings from some Federal Reserve officials that one month of positive data may not be enough to signal a clear victory against inflation suggest that the future direction of the USD hinges on upcoming economic data releases.

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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Today Top Movers

Irobot Corp (IRBT) stock soared +37.47% to $41 in the pre-market trading following speculation that the European Union is likely to give its approval for Amazon's acquisition of the company.

Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) shares are trading up 11.65% at $0.5472 at the time of writing after announcing its entry into the Middle East market with the signing of strategic cooperation agreements with Master Investment Group and Siraj Holding LLC, and the launch of the FF brand.

Bruush Oral Care Inc. (BRSH) grew over 28.9% at $0.3287 in pre-market trading today. The company recently filed F-1/A form with the SEC.

FLJ Group Ltd ADR (FLJ), a Real Estate Services company, rose about 127.57% at $0.246 in pre-market trading Friday after declaring that it has entered into a definitive agreement to acquire Alpha Mind Technology Limited.

Wall Street Caliber A.I. for the "Little Guy"

For years, Wall Street's been using A.I. to gain an edge. Now, a top tech company is "leveling the playing field."  

For over six years now, they've been developing a cutting edge A.I. algorithm that can predict future stock prices with astonishing accuracy.

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Top Upgrades & Downgrades

HSBC turned bullish on Fresenius Medical Care AG & Co. KGaA ADR (FMS), upgrading the stock to Hold.

HUTCHMED (China) Limited ADR (HCM) has won the favor of Deutsche Bank's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $22.1, suggesting 21.16% additional upside for the stock.

Earlier Friday Citigroup reduced its rating on LexinFintech Holdings Ltd ADR (LX) stock to Neutral from Buy and assigned the price target to $2.12.

Scotiabank analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Telecom Argentina S.A. ADR (TEO) has been changed to Sector Underperform from Sector Perform and the new price target is set at $5.7.

Briefing: FIND Winners and AVOID Losers in A.I.'s "Second Wave"

A "second wave" of A.I. investments is about to pop - with 100X the potential of any gains so far. And if you take the right steps today, you could turn every $100 into $1,000... every $10,000 into $100,000... and beyond.

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Latest Insider Activity

Natera Inc (NTRA) Director Marcus Gail Boxer announced the sale of shares taking place on Nov 21 at $54.31 for some 1,000 shares. The total came to more than $54314.0.

fuboTV Inc (FUBO) Chief Financial Officer Janedis John sold on Nov 22 a total 34,855 shares at $3.13 on average. The insider’s sale generated proceeds of almost $0.11 million.

CommScope Holding Company Inc (COMM) Director Watts Claudius E. IV declared the purchase of shares taking place on Nov 21 at $1.74 for some 20,000 shares. The transaction amount was around $34768.0.

Prospect Capital Corporation (PSEC) Chief Operating Officer Eliasek M Grier bought on Nov 20 a total 11,000 shares at $5.80 on average. The purchase cost the insider an estimated $63,837.

WARNING: 110 Banks Preparing for Digital Dollar

If you have any money in the U.S. banking system, pay close attention because...

Bank of America is warning its clients that ALL checking accounts are likely to be replaced with digital dollars soon.

And it's not just Bank of America.

This former VP of a major U.S. investment bank just released this list with more than 110 banks that are preparing to do the same.

Is your bank on the list?

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Important Earnings

Top US earnings releases scheduled for today include H World Group Limited ADR (NASDAQ:HTHT). It will announce its Sep 2023 financial results. The company is expected to report earnings of $0.44 per share from revenues of $823.88M in the three-month period.

Analysts expect Jianpu Technology Inc ADR (NYSE:JT) to report a net income (adjusted) of $0 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Mar 2020 is predicted to come in at $151.89M.

Cerence Inc (CRNC), due to announce earnings after the market closes today, is expected to report earnings of $0.15 per share from revenues of $73.38M 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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Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.