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- Sep - 18 - NH - Morning Newsletter (with survey at top and bottom)
Sep - 18 - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks Gearing Up for a Strong Session
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Good Morning!
On Monday morning, U.S. stock futures saw a modest uptick as investors turned their attention to the upcoming Federal Reserve policy decision. Futures linked to the Dow Jones Industrial Average gained 48 points, equivalent to 0.13%. Meanwhile, the futures for the S&P 500 and Nasdaq 100 also showed slight gains of 0.14% and 0.1%, respectively.In the previous trading week, both the broader market index and the Nasdaq had concluded in the negative, marking their second consecutive week of losses. On the other hand, the Dow managed to eke out a 0.1% gain for the week.Investors are eagerly awaiting the Fed's expected decision to maintain interest rates at their current levels. However, traders are closely monitoring the central bank's position on inflation, hoping for greater clarity in that regard.Policymakers will be closely observing several economic data releases scheduled for Monday. Among them is the Housing Market Index data for September, and the New York Fed is set to announce the results of the Business Leaders Survey for the same month.
Missed NVIDIA? Don't Miss This 'Great $2 AI Moonshot' Opportunity
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Like the time they pinpointed NVIDIA in the early days. If you followed their advice,
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Now their research suggests we may be staring at an opportunity of this magnitude again.
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Today Top Movers
T2 Biosystems Inc. (TTOO) stock soared 33.48% to $0.37 in the pre-market trading. The company announced that it issued inducement awards to four new employees.
SeqLL Inc. (NASDAQ: SQL) shares are trading up 13.29% at $15 at the time of writing after announcing cash and stock dividend record date.
Mullen Automotive Inc. (MULN) grew over 4.41% at $0.71 in pre-market trading today. The company recently announced new stops for the 2023 “Strikingly Different” EV U.S. tour.
Nikola Corporation (NKLA), a Farm & Heavy Construction Machinery company, rose about 4.2% at $1.24 in pre-market trading Monday after announcing expansion of dealer sales and service network into Canada in partnership with ITD Industries.
What a Bargain... 4 "Cheap Stocks"
It can be challenging to discover a bargain in the stock market.
Fortunately, there are still a few "cheap stocks" in markets that the majority of investors aren't aware of. In fact, our analysts found 4 bargain companies with a share price of $20 or less and gave all of them a "buy" or "strong buy" rating.
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Top Upgrades & Downgrades
Deutsche Bank turned bullish on Micron Technology Inc. (MU), upgrading the stock to "Buy" and assigning a $85 price target, representing potential upside of 21.64% from Friday's close.
Lockheed Martin Corporation (LMT) has won the favor of Wells Fargo's equity research team. The firm upgraded the shares from Underweight to Equal-Weight and moved their price target to $440, suggesting 3.76% additional upside for the stock.
Kimco Realty Corporation (KIM) received an upgrade from analysts at Mizuho, who also set their one-year price target on the stock to $20. They changed their rating on KIM to Buy from Neutral in a recently issued research note.
Earlier Monday Piper Sandler reduced its rating on V.F. Corporation (VFC) stock to Neutral from Overweight and assigned the price target to $20.
Citigroup analysts reduced their investment ratings, saying in research reports covered by the media that its rating for PTC Therapeutics Inc. (PTCT) has been changed to Neutral from Buy and the new price target is set at $29.
Analysts at William Blair downgraded NetApp Inc. (NTAP)'s stock to Market Perform from Outperform Monday.
We Could Be Less Than 3 Months Out from an AI Superevent
According to one of the world's top AI scientists, there's a major event coming as soon as three months from today that could cause expensive tech stocks like Microsoft, Google, and NVIDIA to double or triple in price in the months ahead… but whatever you do, DON'T go all in on big tech before you have all the details.
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Latest Insider Activity
Expensify Inc. (EXFY) Chief Executive Officer Barrett David Michael announced the sale of shares taking place on Sep 13 at $3.86 for some 30,000 shares. The total came to more than $0.12 million.
Wheels Up Experience Inc. (UP) Chief Commercial Officer Briffa Mark sold on Sep 13 a total 9,904 shares at $3.64 on average. The insider’s sale generated proceeds of almost $36051.0.
The Honest Company Inc. (HNST) Director WHITE JAMES D declared the purchase of shares taking place on Sep 15 at $1.17 for some 64,250 shares. The transaction amount was around $75172.0.
TKO Group Holdings Inc. (TKO) Director KRAFT JONATHAN bought on Sep 14 a total 5,000 shares at $101.53 on average. The purchase cost the insider an estimated $507,650.
A 10,000% Dividend?!?
This is easily the #1 Oil Play for 2023 and beyond.
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Important Earnings
Top US earnings releases scheduled for today include GreenTree Hospitality Group Ltd. (NYSE:GHG). It will announce its Jun 2023 financial results. The company is expected to report earnings of $0.11 per share from revenues of $66.24M in the three-month period.
Analysts expect Investcorp Credit Management BDC Inc. (NASDAQ:ICMB) to report a net income (adjusted) of $0.17 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jun 2023 is predicted to come in at $7.2M.
Stitch Fix Inc. (SFIX), due to announce earnings after the market closes today, is expected to report earnings of -$0.21 per share from revenues of $371.36M 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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