- Stocks Telegraph Morning
- Posts
- Sep - 05 - NH - Morning Newsletter (with survey at top and bottom)
Sep - 05 - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks Poised for a Breakthrough
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
Stock futures declined on Tuesday as the holiday-shortened week began. Futures linked to the Dow Jones Industrial Average saw a decrease of 46 points, equivalent to a 0.1% drop. Meanwhile, S&P 500 futures experienced a 0.3% decrease, and Nasdaq 100 futures slid by 0.4%.These movements come after a positive week for Wall Street, during which the Dow and the Nasdaq recorded their best performances since July. Specifically, the 30-stock Dow rose by 1.4%, while the Nasdaq gained about 3.3% over the week. Additionally, the S&P 500 increased by 2.5%, marking its strongest week since June.Traders from the previous week considered indicators of a slowing economy and decreasing inflationary pressures. The most recent U.S. nonfarm payrolls report revealed that the unemployment rate had risen to 3.8% in August, marking its highest level in over a year. This figure surprised economists polled by Dow Jones, who had expected it to remain at 3.5%. Additionally, average hourly earnings increased by 4.3% on a year-over-year basis, slightly below the 4.4% increase anticipated by economists polled by Dow Jones.Investors are also eyeing a potentially challenging month for stocks in September. Historically, September has been the weakest month for equities, and investors will closely analyze economic reports, including fresh inflation data, leading up to the Federal Reserve's September policy meeting. Central bank policymakers will convene for a two-day meeting starting on September 19, with the interest rate decision set to be announced on September 20.Despite these considerations, some technical indicators provided optimism for investors last week. As a sign of positive short-term momentum, the major indexes broke above their respective 50-day moving averages during the past week.
Put These 4 "Cheap Stocks" on Your Radar...
When you're on a budget, finding amazing stocks that are also affordable can be a challenge.
But our analysts have found the Top 4 "cheap stocks" that savvy investors should definitely put on their radar!
All 4 offer the potential for strong returns, while also providing the opportunity to diversify your portfolio.
Sponsored
Today Top Movers
Crown ElectroKinetics Corp. (CRKN) stock soared 32.77% to $1.58 in the pre-market trading. The company will hold an investor update conference call on September 18, 2023.
trivago N.V. (NASDAQ: TRVG) shares are trading up 4.2% at $1.24 at the time of writing. The company is revitalizing its brand marketing strategy to drive long-term growth and highlight its value to travelers.
Addex Therapeutics Ltd (ADXN) grew over 15.93% at $0.5263 in pre-market trading today after announcing that the ADX71149 (JNJ-40411813) Phase 2 epilepsy clinical study is progressing well, with Cohort 1 completed and 80% of patients recruited into Cohort 2.
NextGen Healthcare Inc. (NXGN), a Health Information Services company, rose about 3.72% at $20.05 in pre-market trading Tuesday. The recent spike in activity can be traced back to private equity firm Thomas Bravo's desire to acquire NextGen.
Could This Tiny, sub-$5 Stock Be the Biggest AI Opportunity of 2023?
For investors, this may be the biggest tech opportunity you'll see in your lifetime. (HINT: It's not who you think.)
Sponsored
Top Upgrades & Downgrades
Bernstein turned bullish on Lowe's Companies Inc. (LOW), upgrading the stock to Outperform and assigning a $282 price target, representing potential upside of 21.29% from Friday's close.
Oracle Corporation (ORCL) has won the favor of Barclays's equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $150, suggesting 24.04% additional upside for the stock.
American Express Company (AXP) received an upgrade from analysts at RBC Capital, who also set their one-year price target on the stock to $200. They changed their rating on AXP to Ouperform from Sector Perform in a recently issued research note.
Earlier Tuesday RBC Capital reduced its rating on Synchrony Financial (SYF) stock to Sector Perform from Outperform and assigned the price target to $37.
UBS analysts reduced their investment ratings, saying in research reports covered by the media that its rating for FMC Corporation (FMC) has been changed to Neutral from Buy and the new price target is set at $97.
Analysts at Compass Point downgraded Innovative Industrial Properties Inc. (IIPR)'s stock to Neutral from Buy Tuesday.
3 AI Stocks Set to Soar in 2023
Eric Fry just released the names of 3 AI-driven stocks he believes every investor should own, even in these crazy markets - one stock is up over 100% since the beginning of 2023.
Sponsored
Latest Insider Activity
Natera Inc. (NTRA) CO-FOUNDER Sheena Jonathan announced the sale of shares taking place on Sep 01 at $60.01 for some 10,000 shares. The total came to more than $0.6 million.
Alphabet Inc. (GOOG) Director ARNOLD FRANCES sold on Aug 30 a total 230 shares at $135.56 on average. The insider’s sale generated proceeds of almost $31179.0.
Nutex Health Inc. (NUTX) Chief Executive Officer Vo Thomas T. declared the purchase of shares taking place on Aug 31 at $0.28 for some 152,326 shares. The transaction amount was around $42651.0.
Zimmer Biomet Holdings Inc. (ZBH) Director Kolli Sreelakshmi bought on Aug 30 a total 1,000 shares at $120.37 on average. The purchase cost the insider an estimated $120,370.
A 10,000% Dividend?!?
This is easily the #1 Oil Play for 2023 and beyond.
Sponsored
Important Earnings
Top US earnings releases scheduled for today include HealthEquity Inc. (NASDAQ:HQY). It will announce its Jul 2023 financial results. The company is expected to report earnings of $0.48 per share from revenues of $239.99M in the three-month period.
Analysts expect AeroVironment Inc. (NASDAQ:AVAV) to report a net income (adjusted) of $0.26 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jul 2023 is predicted to come in at $128.5M.
Grindrod Shipping Holdings Ltd. (GRIN), due to announce earnings after the market closes today, is expected to report earnings of -$0.21 per share from revenues of $37.1M 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.