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- Oct - 17 - NH - Morning Newsletter (with survey at top and bottom)
Oct - 17 - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks Poised for a Breakthrough
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Good Morning!
On Tuesday morning, U.S. stock futures showed a slight decline as the third-quarter earnings season picked up pace. Futures linked to the Dow Jones Industrial Average dropped 46 points, equivalent to 0.13%. Simultaneously, S&P 500 futures witnessed a 0.13% decrease, with Nasdaq 100 futures also experiencing a 0.12% dip.This week, approximately 11% of the S&P 500 companies, totaling 53 firms, are set to unveil their quarterly results. Furthermore, five Dow components will be joining the earnings fray. Notable reports scheduled for Tuesday morning include those from Johnson & Johnson, Bank of America, Goldman Sachs, and Lockheed Martin.Beyond earnings reports, Wall Street is keenly watching for the release of fresh economic data. The morning is expected to bring forth data on retail sales and industrial production for September, as well as October's housing market index and business leaders survey numbers.
Three of the Top NASDAQ Stocks to Buy Under $10 Now
These stocks are flying well under the radar. But that may not be the case for long. Granted, sometimes a stock is cheap because it deserves to be.
But other times, the market may simply be overlooking a red-hot opportunity -- as they're doing with these three stocks.
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Today Top Movers
WiSA Technologies Inc (WISA) stock soared 62.1% to $0.402 in the pre-market trading after announcing pricing of $4.8 million public offering of Series B convertible redeemable preferred stock and warrants.
SciSparc Ltd (NASDAQ: SPRC) shares are trading up 70.82% at $4.8 at the time of writing following the receipt of a formal notification from Nasdaq that the Company has regained compliance with Listing Rule 5550(a)(2).
Athersys Inc (ATHX) grew over +42.51% at $0.1398 in pre-market trading today as the company secures $3.9 million through warrant exercise and receives a $1.5 million payment from HEALIOS K.K. for their ARDS global license.
Ault Alliance Inc (AULT), a Aerospace & Defense company, rose about +10.27% at $0.16 in pre-market trading Tuesday on news of deal with Ault & Company, restructuring $17.5 million in liabilities into long-term convertible debt.
You Didn't Miss Out on AI – Yet.
You see, there's a three-step pattern to the adoption of any technology and artificial intelligence just moved from Step One to Step Two. That means there's still time for you to get in on the AI boom. But the window of opportunity could be shrinking fast. I expect AI to move to Step Three by the end of this year.
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Top Upgrades & Downgrades
Goldman Sachs turned bullish on Dollar Tree Inc (DLTR), upgrading the stock to "Buy" and assigning a $137 price target, representing potential upside of 21.67% from Monday's close.
WEX Inc (WEX) has won the favor of Wolfe Research's equity research team. The firm upgraded the shares from Peer Perform to Outperform and moved their price target to $240, suggesting 25.52% additional upside for the stock.
Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $23. They changed their rating on HASI to Overweight from Equal-Weight in a recently issued research note.
Earlier Tuesday Bernstein reduced its rating on Pioneer Natural Resources Co. (PXD) stock to Market Perform from Outperform and assigned the price target to $246.
Bernstein analysts reduced their investment ratings, saying in research reports covered by the media that its rating for APA Corporation (APA) has been changed to Market Perform from Outperform and the new price target is set at $50.
Analysts at Bernstein downgraded Kosmos Energy Ltd (KOS)'s stock to Market Perform from Outperform Tuesday.
Investors Strike Lithium Gold
The U.S. government is moving towards electric cars, and European countries are phasing out gas-powered vehicles entirely, with Norway banning oil and gas and England following by 2030. This proves the future is in electricity.
Investors are flocking to get in before this company gets a deal like Mercedes gave to their partner.
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Latest Insider Activity
Atlassian Corporation (TEAM) Co-CEO, Co-Founder Cannon-Brookes Michael announced the sale of shares taking place on Oct 13 at $188.52 for some 8,241 shares. The total came to more than $1.55 million.
Kellanova Co (K) 10% Owner KELLOGG W K FOUNDATION TRUST sold on Oct 16 a total 77,800 shares at $50.32 on average. The insider’s sale generated proceeds of almost $3.91 million.
Scholar Rock Holding Corp (SRRK) 10% Owner Invus Public Equities, L.P. declared the purchase of shares taking place on Oct 12 at $6.86 for some 2,199,931 shares. The transaction amount was around $15.09 million.
Lennar Corp. (LEN) Director Banse Amy bought on Oct 13 a total 920 shares at $108.71 on average. The purchase cost the insider an estimated $100,013.
This DeFi Coin Could 10x Soon... I Advise You Get In Now!
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Even a small position could deliver 10x returns or greater very soon. Timing is everything.
Important Earnings
Top US earnings releases scheduled for today include Johnson & Johnson (NYSE:JNJ). It will announce its Sep 2023 financial results. The company is expected to report earnings of $2.51 per share from revenues of $21.04B in the three-month period.
Analysts expect United Airlines Holdings Inc (NASDAQ:UAL) to report a net income (adjusted) of $3.35 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2023 is predicted to come in at $14.44B.
Fulton Financial Corp. (FULT), due to announce earnings after the market closes today, is expected to report earnings of $0.41 per share from revenues of $209.4M 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.