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- Sep - 21 - NH - Morning Newsletter (with survey at top and bottom)
Sep - 21 - NH - Morning Newsletter (with survey at top and bottom)
4 Stocks Leading the Charge This Morning
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Stock futures declined on Thursday amid concerns that the Federal Reserve might implement another rate hike before the end of the year. Futures linked to the Dow Jones Industrial Average were down by 93 points, equivalent to a 0.3% decrease. S&P 500 futures experienced a 0.4% dip, while Nasdaq 100 futures saw a 0.6% slide.FedEx, the delivery company, saw a 5% increase in its stock price following the release of adjusted earnings for its fiscal first quarter. The earnings stood at $4.55 per share, surpassing analysts' expectations of $3.73 per share, according to LSEG. Conversely, homebuilder KB Home witnessed a 2% drop in its stock price, despite exceeding Wall Street's projections both in terms of revenue and profit.Marketing automation firm Klaviyo, which made its debut on the public markets the previous day, experienced a nearly 2% decline in its stock price after the closing bell.These market movements followed a challenging conclusion to Wednesday's trading session. Additionally, traders awaited economic data for Thursday, including weekly jobless claims scheduled for release before the opening bell and existing home sales data later in the morning.
Wall Street's biggest income secret leaks to a few retail traders
Have you seen this?
One of Wall Street's biggest income secrets just got leaked to a select few retail traders... It allows retail traders to tap into the same secret income streams big banks have been exploiting for years...
And get this... One of those retail traders is using this little known strategy to generate weekly income.
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Today Top Movers
FedEx Corporation (FDX) stock soared 5.3% to $263.79 in the pre-market trading after reporting higher first quarter diluted EPS of $4.23 and adjusted diluted EPS of $4.55.
MSP Recovery Inc. (NASDAQ: LIFW) shares are trading up 14.43% at $0.176 at the time of writing. The company recently files the form of DEF 14C with the SEC.
Murphy Canyon Acquisition Corp. (MURF) grew over 24.53% at $15.99 in pre-market trading today after the company Stockholder approved the proposed combination with Conduit Pharmaceuticals Limited.
Evaxion Biotech A/S (EVAX), a Biotechnology company, rose about 9.06% at $0.7089 in pre-market trading Thursday after announcing a collaboration with Afrigen Biologics (Afrigen).
Elon Musk's "ChatGPT" Could Soon Mint New Millionaires
Elon Musk made $180 million on PayPal when he revolutionized online payment processing.
$47 billion on SpaceX, when he revolutionized space exploration.
And $94.2 billion on Tesla, when he revolutionized the auto industry.
He's about to shock the world again with his version of ChatGPT.
And you could go along for the ride if you make this one simple move.
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Top Upgrades & Downgrades
Deutsche Bank turned bullish on Five9 Inc. (FIVN), upgrading the stock to "Buy" and assigning a $80 price target, representing potential upside of 20.45% from Wednesday's close.
HealthEquity Inc. (HQY) has won the favor of Baird's equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $87, suggesting 22.59% additional upside for the stock.
New Jersey Resources Corporation (NJR) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $46. They changed their rating on NJR to Neutral from Underweight in a recently issued research note.
Earlier Thursday Citigroup reduced its rating on Frontier Group Holdings Inc. (ULCC) stock to Neutral from Buy and assigned the price target to $5.5.
Goldman Sachs analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Brighthouse Financial Inc. (BHF) has been changed to Sell from Neutral and the new price target is set at $43.
Analysts at Cantor Fitzgerald downgraded Seelos Therapeutics Inc. (SEEL)'s stock to Neutral from Overweight Thursday.
Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
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Latest Insider Activity
American Equity Investment Life Holding Company (AEL) CEO & President Bhalla Anant announced the sale of shares taking place on Sep 19 at $54.12 for some 92,638 shares. The total came to more than $5.01 million.
Nutanix Inc. (NTNX) President and CEO RAMASWAMI RAJIV sold on Sep 18 a total 138,038 shares at $33.88 on average. The insider’s sale generated proceeds of almost $4.68 million.
Harrow Health Inc. (HROW) 10% Owner Opaleye Management Inc. declared the purchase of shares taking place on Sep 20 at $14.49 for some 5,983 shares. The transaction amount was around $86710.0.
Asana Inc. (ASAN) President, CEO, & Chair Moskovitz Dustin A. bought on Sep 19 a total 507,500 shares at $17.71 on average. The purchase cost the insider an estimated $8.99 million.
This A.I. system is like having 100k financial analysts on hand
The world is now being swept by an A.I. Revolution…
And the spark that launched this revolution was ChatGPT.
You could ask it a complex question and it could give you an answer in a matter of seconds.
Well, imagine if you had a similar kind of program… only for the stock market.
Believe it or not, one of the world's leading financial tech companies launched a program recently that does exactly that…
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Important Earnings
Top US earnings releases scheduled for today include Flux Power Holdings Inc. (NASDAQ:FLUX). It will announce its Jun 2023 financial results. The company is expected to report earnings of -$0.05 per share from revenues of $16.39M in the three-month period.
Analysts expect Scholastic Corporation (NASDAQ:SCHL) to report a net income (adjusted) of -$1.2 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Aug 2023 is predicted to come in at $268.79M.
Darden Restaurants Inc. (DRI), due to announce earnings before the market opens today, is expected to report earnings of $1.73 per share from revenues of $2.71B 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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