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- Oct - 26 - NH - Morning Newsletter (with survey at top and bottom)
Oct - 26 - NH - Morning Newsletter (with survey at top and bottom)
Unveiling 4 Compelling Stocks Worth Your Attention
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Good Morning!
Early on Thursday, Nasdaq 100 futures experienced a decline, following a significant sell-off during the previous session. Nasdaq 100 futures saw a decrease of over 1%, while S&P 500 futures registered a drop of approximately 0.74%. Futures linked to the Dow Jones Industrial Average were down by 0.32%.The next potential market-moving event is anticipated for Thursday morning, as traders await the initial estimate for third-quarter gross domestic product (GDP). It is expected to have increased by 4.7% on an annualized basis, according to Dow Jones. The key question on everyone's mind is how sustainable this projected growth will be, especially as economists scrutinize for any signs of an impending recession. Additionally, the morning will bring the release of weekly jobless claims data.Furthermore, significant earnings reports are on the horizon, with Amazon scheduled to release its results after the close of trading, along with Ford and Chipotle.
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
Endeavor Group Holdings Inc (EDR) stock soared 21.39% to $21.51 in the pre-market trading after announcing the initiation of a formal review to evaluate strategic alternatives for the Company.
Appreciate Holdings Inc (NASDAQ: SFR) shares are trading up 115.41% at $0.26 at the time of writing following the 8-K filing with the SEC.
ServiceNow Inc (NOW) grew over 4.65% at $554.82 in pre-market trading today after reporting third quarter 2023 financial results.
Naas Technology Inc ADR (NAAS), a Specialty Retail company, rose about 12.13% at $3.79 in pre-market trading Thursday after announcing its unaudited financial results for the third quarter ended September 30, 2023.
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.
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Top Upgrades & Downgrades
DA Davidson turned bullish on Adobe Inc (ADBE), upgrading the stock to "Buy" and assigning a $640 price target, representing potential upside of 21.93% from Thursday's close.
Microsoft Corporation (MSFT) has won the favor of HSBC's equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $413, suggesting 22.23% additional upside for the stock.
Okta Inc (OKTA) received an upgrade from analysts at Daiwa Capital, who also set their one-year price target on the stock to $87. They changed their rating on OKTA to Buy from Outperform in a recently issued research note.
Earlier Thursday B of A Securities reduced its rating on Barclays plc ADR (BCS) stock to Underperform from Neutral and assigned the price target to $7.31.
Roth MKM analysts reduced their investment ratings, saying in research reports covered by the media that its rating for MaxLinear Inc (MXL) has been changed to Neutral from Buy and the new price target is set at $18.
Analysts at Keybanc downgraded Thermo Fisher Scientific Inc. (TMO)'s stock to Sector Weight from Overweight Thursday.
Unexpected gains from AI stocks
Multimillionaire trader Nate Bear just shocked the investing world during a recent demonstration and it's causing AI stocks like NVDA to surge to new heights. Research found that in just one month, smart investors could have made top gains of 443% in 11 days, 543% in nine days, and 88% in seven days...All by trading just one ticker a week!
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Latest Insider Activity
Upstart Holdings Inc (UPST) Chief Financial Officer Datta Sanjay announced the sale of shares taking place on Oct 23 at $23.97 for some 1,000 shares. The total came to more than $23970.0.
Roblox Corporation (RBLX) Director Baszucki Gregory sold on Oct 23 a total 8,333 shares at $31.05 on average. The insider’s sale generated proceeds of almost $0.26 million.
Occidental Petroleum Corp. (OXY) 10% Owner BERKSHIRE HATHAWAY INC declared the purchase of shares taking place on Oct 25 at $63.05 for some 1,040,067 shares. The transaction amount was around $65.57 million.
Northern Trust Corp. (NTRS) EVP & Chief Financial Officer Tyler Jason J. bought on Oct 25 a total 400 shares at $62.69 on average. The purchase cost the insider an estimated $25,076.
Investor's Lock $254B Deposit
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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Important Earnings
Top US earnings releases scheduled for today include Amazon.com Inc. (NASDAQ:AMZN). It will announce its Sep 2023 financial results. The company is expected to report earnings of $0.55 per share from revenues of $133.39B in the three-month period.
Analysts expect Ford Motor Co. (NYSE:F) to report a net income (adjusted) of $0.43 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2023 is predicted to come in at $38.87B.
Intel Corp. (INTC), due to announce earnings after the market closes today, is expected to report earnings of $0.2 per share from revenues of $12.74B 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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