- Stocks Telegraph Morning
- Posts
- Oct - 23 - NH - Morning Newsletter (with survey at top and bottom)
Oct - 23 - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks to Kickstart Your Investing Day
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
Stock futures edged upwards on Monday morning, with traders keeping an eye on the impending release of earnings reports from tech giants in the industry.Futures linked to the Dow Jones Industrial Average saw an increase of 49 points, equivalent to a 0.15% rise. Meanwhile, S&P 500 futures and Nasdaq 100 futures posted gains of 0.24% and 0.26%, respectively.Notably, the yield on the 10-year U.S. Treasury, a crucial indicator, climbed above the significant 5% threshold last Thursday, marking the first time since July 2007. This move followed Federal Reserve Chairman Jerome Powell's indication of a more hawkish stance during a speech at the Economic Club of New York.This week, earnings season is in full swing, with several major tech giants set to announce their results. Investors are closely watching Alphabet, Amazon, Meta, and Microsoft for vital insights that could impact the stock market.Additionally, traders are preparing for the release of key economic data this week, including Thursday's third-quarter advance report for the U.S. gross domestic product. On Friday, the personal consumption expenditure, an essential inflation metric, is due for release. There is growing concern that if these reports exceed expectations, the possibility of another interest rate hike this year may not be entirely ruled out.
Early Profit-Advantage on 40-cent Uranium Stock as Prices Soar
Uranium just blew past decade highs and it's going higher still. The stocks within it, particularly the small-caps, are heading to the stratosphere. Investors are lining up for the windfall of a lifetime. The last time we saw something like this, uranium prices roared all the way to $140. Well-timed investors could make 10X, 20X and even 30X gains.
Sponsored
Today Top Movers
LumiraDx Limited (LMDX) stock soared 151.91% to $0.2247 in the pre-market trading after announcing a strategic collaboration with AstraZeneca and Everton in the Community to set up England’s first community-based heart and lung screening hub, set to go live in November.
Harpoon Therapeutics Inc (NASDAQ: HARP) shares are trading up 42.59% at $9.81 at the time of writing. The company released updated interim tolerability and response data from phase 1/2 clinical trial of T Cell Engager HPN328 at ESMO Congress 2023.
Akumin Inc (AKU) grew over 57.75% at $0.23 in pre-market trading today after announcing that it has reached an agreement with Stonepeak.
Textainer Group Holdings Limited (TGH), a Rental & Leasing Services company, rose about 42.49% at $48.66 in pre-market trading Monday after announcing that it has entered into a definitive agreement to be acquired by Stonepeak.
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.
Sponsored
Top Upgrades & Downgrades
Stifel turned bullish on Pinterest Inc (PINS), upgrading the stock to "Buy" and assigning a $32 price target, representing potential upside of 20.39% from Friday's close.
Waste Management, Inc. (WM) has won the favor of UBS's equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $190, suggesting 20.26% additional upside for the stock.
DigitalOcean Holdings Inc (DOCN) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $22. They changed their rating on DOCN to Neutral from Underweight in a recently issued research note.
Earlier Monday Rosenblatt reduced its rating on RingCentral Inc. (RNG) stock to Neutral from Buy and assigned the price target to $35.
Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Unity Software Inc (U) has been changed to Neutral from Overweight and the new price target is set at $30.
Analysts at Piper Sandler downgraded Salesforce Inc (CRM)'s stock to Neutral from Overweight Monday.
Screen Time Reimagined
Mode Mobile's "EarnPhone" pays users for using apps, web browsing, listening to music, and even charging their phones. Already featured in Best Buy, Amazon, and Walmart, the company plans to expand internationally to meet growing demand worldwide. With 40M+ users and $50M+ in cumulative revenue through 2022, Mode is just getting started.
And investors who act now can claim 100% bonus shares before the company's IPO.
Sponsored
Latest Insider Activity
Upwork Inc (UPWK) Chief Accounting Officer Marie Olivier announced the sale of shares taking place on Oct 18 at $11.22 for some 216 shares. The total came to more than $2424.0.
Zoom Video Communications Inc (ZM) Chief Operating Officer Bawa Aparna sold on Oct 18 a total 16,957 shares at $63.14 on average. The insider’s sale generated proceeds of almost $1.07 million.
Frontier Communications Parent Inc (FYBR) 10% Owner ARES MANAGEMENT LLC declared the purchase of shares taking place on Oct 18 at $18.93 for some 150,000 shares. The transaction amount was around $2.84 million.
Fidelity National Information Services, Inc. (FIS) Director Goldstein Jeffrey A bought on Oct 17 a total 1,045 shares at $53.00 on average. The purchase cost the insider an estimated $55,385.
Man Gets Into a Self-Driving Tesla... What Happens Next is Shocking
"Hi, I'm Teeka Tiwari...I'm about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk's new AI project...
What happens next will shock you...".
Sponsored
Important Earnings
Top US earnings releases scheduled for today include Cleveland-Cliffs Inc (NYSE:CLF). It will announce its Sep 2023 financial results. The company is expected to report earnings of $0.43 per share from revenues of $5.58B in the three-month period.
Analysts expect Brown & Brown, Inc. (NYSE:BRO) to report a net income (adjusted) of $0.62 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2023 is predicted to come in at $1.03B.
Helix Energy Solutions Group Inc (HLX), due to announce earnings after the market closes today, is expected to report earnings of $0.21 per share from revenues of $346.1M recently concluded three-month period.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
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.