These Stocks Don't Die, They Thrive! 📈

Food and home improvement stocks have proven to be some of the most recession-resistant investments around. 

These stocks are often a safe bet during these challenging times. After all, we all need to eat, and home improvements are often a necessary expense.  

In this free report, you'll get 10 stocks that are likely to thrive while we wait out this bear of a market. 

Click here now to get the list

• The yield inversion on the one-year and 10-year note earlier this week hit its deepest point since 2008
• On Monday, the People’s Bank of China cut by 0.1 percentage point two key interest rates and pumped the equivalent of $59.3 billion into the financial system to rev up lending and wider economic growth.
• Brent crude is down 4.9% at about $93 a barrel in the wake of the weaker-than-expected Chinese numbers. 

Poshmark [POSH] - Last Close: $11.80

Poshmark is rebounding from a lackluster earnings report.

Shares of the second-hand fashion app sank on Friday after the company reported weaker-than-expected figures on its Q2 earnings report.

The company generated a Q2 loss of $0.29 per diluted share, worse than analysts' expectation for a $0.25 per share loss.

Poshmark's $89.1 million in quarterly revenue topped the Street's $87.4 million target, but it's Q3 guidance disappointed consensus estimates.

The news provoked a 8.4% decline in shares of POSH on Friday, but the stock is rebounding in today's premarket.

Shares of POSH are up 5.7% ahead of today's opening bell. 

My Take: Poshmark's underwhelming Q3 guidance my have cooled investor appetites, but some analysts still see potential here. Barclays upgraded the stock to "overweight" from "equalweight" and set a $17 price target. POSH still looks like it could have long-term upside potential at its current price point. 

Helbiz [HLBZ] - Last Close: $1.27

Helbiz is rallying on bullish insider buying.

The intra-urban transportation stock is up sharply on news that its CEO made another large investment in the company.

Helbiz CEO and 10%+ owner Palella Salvatore disclosed a large purchase of HLBZ Class A Common Stock this morning, and the news got the market's attention.

Salvatore acquired 252,636 shares at a price of $3 apiece for a total cost of nearly $758,000.

The acquisition brings Salvatore's total of HLBZ shares owned to roughly $5.12 million. 

HLBZ is trading actively with a 33.9% gain on active trading volume on news of the CEO's purchase. 

My Take: Helbiz's CEO purchased shares for nearly double their face value, and investors likely suspect that something big could be brewing at the company. The catalyst might take some time to develop, but Salvatore's purchase shows the CEO has confidence in the firm's long-term success. 

Plus Therapeutics [PSTV] - Last Close: $0.5282

An early-morning announcement is giving shares of Plus Therapeutics a premarket boost.

The clinical-stage pharma firm said Monday that its board has approved a significant share buyback campaign.

Plus Therapeutics' board has approved up to $2 million to fund share repurchases with available cash on hand.

The company also reported upbeat clinical data on Saturday from early trials for an investigative brain cancer drug. 

The share buyback and promising clinical data are combining to skyrocket shares of PSTV in today's premarket. It's up 79.8%, and it's this morning's most actively-traded stock.

My Take: PSTV had a good weekend, but this rally seems to be topping out. Shares were up around 100% earlier in the morning, but they've since cooled to an 80% gain. If you decide to jump in this one, make sure you don't get caught holding the bag.

Regis Corp [RGS] - Last Close: $0.7251

Regis is gaining after a promising announcement.

This morning, the multinational hair salon chain announced it had successfully renegotiated a large chunk of its outstanding debts.

The company successfully amended its credit facility and extended the maturity date on the balance from March 23, 2023, to August 31st, 2025. 

Under the amendment, Regis's revolving credit facility was converted to a $180 million term loan and a $55 million revolving credit facility with minimum liquidity requirement reduced to $10 million from $75 million.

The restructuring gives Regis more financial flexibility, and the CFO says it will allow the company to "fully focus on our core business." 

RGS is one of today's top movers with a 24.1% premarket gain. 

Gainers

• Chicken Soup for the Soul Entertainment [CSSEL] >> +64.3%
• Unity Biotech [UBX] >> +17.6%
• Performance Shipping [PSHG] >> +11.8%

Decliners

• Cara Therapeutic [CARA] >> (34.7%)
• Clene Inc [CLNN] >> (15.4%)
• Turqouise Hill Resources [TRQ] >> (16.8%)

• Li Auto [LI] ... AM
• Turing Holding [TWKS] ... AM
• CLEAR Secure [YOU] ... AM 
• Atlas Power [AMPS] ... AM
• Embecta Corp [EMBC] ... AM  

• Empire State manufacturing index [Aug] ... 8:30a        
• NAHB home builders' index [Aug] ... 10a