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- Nov - 28 - NH - Morning Newsletter (with survey at top and bottom)
Nov - 28 - NH - Morning Newsletter (with survey at top and bottom)
📊 Market Watch: 4 Stocks Making Big Moves!
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Tuesday witnessed a slight dip in stock futures as traders assessed the robust gains observed throughout November, with the trading month approaching its conclusion. Dow Jones Industrial Average futures edged down by 17 points, or 0.05%, while S&P 500 and Nasdaq 100 futures experienced declines of 0.13% and 0.22%, respectively.These movements followed a day of losses on Wall Street, with both the Dow and S&P 500 finishing Monday's session approximately 0.2% lower, and the Nasdaq Composite inching down nearly 0.1%.In the upcoming session, traders will keep a close eye on economic data covering topics such as housing prices and consumer confidence scheduled for release on Tuesday morning. Additionally, CrowdStrike is expected to report earnings after the bell.Investor attention will also be directed towards a lineup of Federal Reserve officials delivering remarks throughout the day, including Chicago Fed President Austan Goolsbee, as well as Fed Governors Christopher Waller and Michelle Bowman.
Will This New Tech Replace AI as We Know It?
Experts are predicting that in as little as three months, AI as we know it could be totally blown away. And that means ChatGPT could be replaced by a new AI model that's thousands of times more powerful... something that could cause expensive tech stocks like Microsoft, Google and Nvidia to double - maybe even triple - in price in the months ahead.
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Today Top Movers
ESGL Holdings Ltd (ESGL) stock soared 59.31% to $1.425 in the pre-market trading after announcing multi-year contract renewal with Singapore Refining Company Private Limited.
SaverOne 2014 Ltd ADR (NASDAQ: SVRE) shares are trading up 40.83% at $0.596 at the time of writing following the withdrawal of proposed public offering.
Heart Test Laboratories Inc (HSCS) grew over 18.97% at $0.2552 in pre-market trading today after filing the 8-K/A form with the SEC.
Redhill Biopharma Ltd. ADR (RDHL), a Drug Manufacturers - Specialty & Generic company, rose about 22.5% at $1.225 in pre-market trading Tuesday after announcing that FDA has granted 5-Year U.S. market exclusivity for Talicia® with IP Protection Running to 2034.
3 Top S&P 500 Stocks to Buy for 2024
After a rough outing in 2022, 2023 has been explosive.
In fact, since the year began, major indices, like the S&P 500 are up about 15% year to date. Heading into New Year 2024, things could get even better.
That said, here are three "no brainer" stocks to consider.
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Top Upgrades & Downgrades
RBC Capital turned bullish on Boeing Co. (BA), upgrading the stock to Outperform and assigning a $275 price target, representing potential upside of 22.77% from Monday's close.
Banco Bilbao Vizcaya Argentaria. ADR (BBVA) has won the favor of JPMorgan's equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $11.39, suggesting 33.37% additional upside for the stock.
Affirm Holdings Inc (AFRM) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $30. They changed their rating on AFRM to Hold from Underperform in a recently issued research note.
Earlier Tuesday RBC Capital reduced its rating on Welltower Inc. (WELL) stock to Sector Perform from Outperform and assigned the price target to $97.
Wolfe Research analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Edwards Lifesciences Corp (EW) has been changed to Underperform from Peer Perform and the new price target is set at $57.
Analysts at UBS downgraded ChargePoint Holdings Inc (CHPT)'s stock to Neutral from Buy Tuesday.
The Ultimate Strategy Guide to Trade Earnings
The Earnings Season is currently going strong so far. Trading during earnings announcements is one of the most popular and unique ways to trade in the markets, as it provides short-term trading options, allowing your funds to remain liquid.
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Latest Insider Activity
Cytek BioSciences Inc (CTKB) Chief Financial Officer Jeanmonod Patrik announced the sale of shares taking place on Nov 24 at $6.94 for some 3,000 shares. The total came to more than $20820.0.
TMC the metals company Inc (TMC) Chief Financial Officer Shesky Craig sold on Nov 27 a total 31,057 shares at $1.26 on average. The insider’s sale generated proceeds of almost $39036.0.
Perrigo Company plc (PRGO) EVP & CHRO Willis Robert declared the purchase of shares taking place on Nov 24 at $31.01 for some 5,550 shares. The transaction amount was around $0.17 million.
DENTSPLY Sirona Inc (XRAY) Director LUCIER GREGORY T bought on Nov 22 a total 10,000 shares at $31.44 on average. The purchase cost the insider an estimated $314,400.
This Nanotech Could Potentially Disrupt a $3.7 Billion Market
A little-known company is developing a new nanotechnology that instantly repels viruses, bacteria, and even the strongest superbugs. It's being described as 'the most innovative invention to have a positive impact on the future'. And you have a chance to get in on the company early - before it potentially starts down the path to commercialization.
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Important Earnings
Top US earnings releases scheduled for today include Canaan Inc ADR (NASDAQ:CAN). It will announce its Sep 2023 financial results. The company is expected to report earnings of -$0.26 per share from revenues of $27.66M in the three-month period.
Analysts expect Hewlett Packard Enterprise Co (NYSE:HPE) to report a net income (adjusted) of $0.5 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2023 is predicted to come in at $7.36B.
Crowdstrike Holdings Inc (CRWD), due to announce earnings after the market closes today, is expected to report earnings of $0.74 per share from revenues of $777.13M 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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