Futures tied to the Dow Jones Industrial Average gained 644 points, or 1.9%, in a sudden move right after the inflation numbers hit. S&P 500 and Nasdaq-100 futures added 2.3% and 3.4%, respectively.
Tuesday’s inflation report could play a key role in the Federal Reserve’s next rate-hiking decision expected at the conclusion of its two-day policy meeting on Wednesday. Traders are largely pricing in a 50-basis point increase, a slight decline from the previous four hikes. (1 basis point equals 0.01%.)
Some of the stocks to place on top of the radar include:
- Analyst Chris Shibutani upgraded Pfizer Inc (NYSE: PFE) to buy from neutral with a price target of $60, which reflects a 15% upside over Monday’s close. His previous price target of $47 indicated the stock would fall from Monday’s close.
- KBW downgrades banks to market weight from overweight
- Citi downgrades Robinhood (NASDAQ: HOOD) to neutral from buy
- Piper Sandler upgrades Pinterest (NYSE: PINS) to overweight from equal weight
- Cowen names Home Depot (NYSE: HD) a top 2023 pick
- Goldman Sachs upgrades Humana (NYSE:HUM) to buy from neutral
- Bernstein reiterates FedEx (NYSE:FDX) as outperform
We would also like to drive your attention toward Kaival Brands Innovations Group (NASDAQ:KAVL).
On Dec 7th, Kaival Brands Innovations Group, Inc. KAVL announced that Kaival Marking Services (“KMS”), the third-party vendor responsible for executing Kaival Brands’ marketing and sales strategies, has hired Dean Simmons, a former Vice President of Sales of Swisher International, in preparation for an expected resurgence of revenue growth following a pivotal legal victory for Bidi Vapor this past summer. Eric Mosser, President and Chief Operating Officer of Kaival Brands, stated, “We applaud KMS on strengthening their robust and accomplished marketing and sales team by securing top talent in the industry. KMS’s hiring of Mr. Simmons brings Kaival Brands more ability to rapidly grow sales, so we look forward to all that Dean will achieve towards the goals set before KMS and contribute to our overall success.”“Adding Dean will allow KMS to maximize its market penetration potential quickly with several new retail customers that have been waiting to sell BIDI® Stick,” said Russell Quick, President of KMS, Jacksonville Beach, Fla. “Dean’s extensive leadership background in OTP, as well as his connections with top accounts here in the U.S., make him a valuable asset to our growing sales team.”
Recently, on November 15th, Kaival Brands Innovations Group, Inc. KAVL announced it has reached a three-year extension agreement with QuikfillRx, LLC, the third-party vendor responsible for executing Kaival Brands’ marketing and sales strategies. As part of the agreement, QuikfillRx, LLC will be rebranded as Kaival Marketing Services (“KMS”) to more properly reflect the commitment of KMS to the success of Kaival Brands. (1)
On Sep 12th, Kaival Brands Innovations Group, Inc. KAVL announced its financial results for the fiscal 2022 third quarter ended July 31, 2022. Revenues were $3.8 million in the third quarter of the fiscal year 2022, compared to $3.2 million in the same period of the fiscal year 2021. The company further stated that the revenues increased in the third quarter of fiscal 2022, as compared to the second quarter of fiscal 2022 and that it expects this trend to continue as renewed distribution ramps up and sales (2). Read more (Source 2).
2023 can be the breakout period for growth for Kaival Brands Innovations Group, Inc. KAVL. With an energized and focused KAVL team determined to turn ambition into marketing and financial success, paying attention to KAVL, and especially to the reasons why it can be a breakout star, maybe a wise and actionable investment consideration. And, knowing that millions of people want and hundreds of companies need the types of products KAVL sells, it could be a timely one, as well. As always, conduct your own due diligence and follow traders’ vigilance.
For more info on KAVL, please watch the video below. Learn more about Kaival Brands at: https://ir.kaivalbrands.com/overview/default.aspx.
Source 1: https://finance.yahoo.com/news/kaival-brands-prepares-support-growth-131500981.html
Source 2: https://finance.yahoo.com/news/kaival-brands-reports-fiscal-2022-121500835.html
Source 3: https://finance.yahoo.com/news/kaival-marketing-services-hires-former-131500488.html
InvestorBrandMedia has been compensated thousand three hundred and seventy-five dollars by a 3rd party for the content, research, dissemination, and syndication pertaining to KAVL for a period of one week starting Dec 12th, 2022 to Dec 16th, 2022. We own zero shares of KAVL. Please make sure to completely read and understand our disclaimer at investorbrandmedia.com/disclaimer.