Stocks to Watch: General Motors, DraftKings, and more...

Trends to Watch

Inside.com Part of   Network November 19, 2022

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Trends to Watch: Insider Picks Here are five stocks that have seen significant insider purchases in the last 10 days. Insider purchases indicate that the management of the company believes that the company is currently undervalued.  Masimo CEO Joe Kiani purchased ~$5M in stock between Nov. 11 and 14.  Corebridge Financial director Alan Colber purchased $688,000 of stock on Nov. 10.  Cogent Communications director Marc Montagner purchased $549,000 of stock on Nov. 9.  Sage Therapeutics CEO Barry Greene purchased $550,000 of stock on Nov. 10.  TransOcean director Chad Deacon purchased $204,000 of stock on Nov. 9.

Stock to Watch: General Motors (NYSE: GM) Investors on Wall Street are skeptical of General Motors as the company claims it will produce profitable electric vehicles ahead of its previous schedule by lowering the costs of batteries.  UBS has given the company a neutral rating of $38, which is the company's current price.  Evercore ISI believes the company will hit $50 per share, implying a nearly 25% upside.  On average, Wall Street has a $47 target price for GM.

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Stock to Watch: DraftKings (NASDAQ: DKNG) Piper Sandler has given DraftKings an overweight rating, saying that investors should look to increase investments in the sports betting company.  Piper Sandler expects profitability to come in 2023 as the company has a clear and repeatable path to profitability.  Piper Sandler expects the stock to rise by 40% next year after falling by 45% last year.  DraftKings is currently a leader in the online gaming and sports betting industry, which is quickly growing in North America.

Trends to Watch: Retail Trading Trends Retail trading trends show that retail traders are currently selling off their holdings with $3.1B in equities sold. Here are the stocks that retail traders are selling: Amazon (NASDAQ: AMZN) Apple (NASDAQ: AAPL) Advanced Micro Devices (NASDAQ: AMD) Nvidia (NASDAQ: NVDA)

Trends To Watch: Miller Value Partners' Top Holdings Hedge fund Miller Value Partners has had its holdings made public through an SEC filing. Here are the top stocks held by the hedge fund at the end of Q3: Ovintiv (NYSE: OVV) Amazon (NASDAQ: AMZN) Expedia (NASDAQ: EXPE) Teva Pharmaceutical (NYSE: TEVA) Mattel (NASDAQ: MAT) Energy Transfer (NYSE: ET) Alphabet (NASDAQ: GOOGL) OneMain (NYSE: OMF) Taylor Morrison (NYSE: TMHC) Alibaba (NYSE: BABA)

Trends to Watch: Fertility Industry The global fertility market is rising and is predicted to reach $47.9B by 2030, with 19% of heterosexual women without children now considered infertile. Here are some of the companies that will benefit the most.  Organon (NYSE: OGN) Illumina (NASDAQ: ILMN) Progyny (NASDAQ: PGNY)

Trends to Watch: Retail Stocks This week, retail stocks were down significantly after Target reported that its profitability fell by 50% and blamed the decline on inflation. Here are some retail stocks that have been given more than 20% upside by Wall Street analysts.  Callaway Golf (NYSE: MODG) Amazon (NASDAQ: AMZN) Bath & Body Works (NYSE: BBWI) Levi Strauss & Co (NYSE: LEVI) Tapestry (NYSE: TPR) On Holding AG (NYSE: ONON) Grocery Outlet Holding (NASDAQ: GO) CVS Health (NYSE: CVS)

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Liam Gill is a founder, lawyer and investor. He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.   Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords.

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