November 30, 2020

Christmas Star

PRICE TARGET

Raymond James raised the price target on Alaska Air Group, Inc. (ALK) from $50 to $65. Alaska Air shares rose 0.6% to $51.85 in pre-market trading.
Needham lifted Zscaler Inc (ZS) price target from $165 to $180. Zscaler shares rose 0.8% to $151.00 in pre-market trading.
Piper Sandler raised the price target for Apollo Endosurgery Inc (APEN) from $2 to $5. Apollo Endosurgery shares rose 6.6% to $2.90 in pre-market trading.
HC Wainwright & Co. lowered the price target on Equillium Inc (EQ) from $22 to $12. Equillium shares rose 0.2% to close at $4.92 on Friday.
Needham raised the price target for Crowdstrike Holdings Inc (CRWD) from $170 to $190. Crowdstrike shares rose 2% to $153.81 in pre-market trading.

Christmas Star

52 WK HIGH

Tesla (TSLA) shares broke to $607.80 on Monday, setting a new 52-week high with a change of up 0.36%.
ASML Holding (ASML) stock set a new 52-week high of $441.29 Monday morning. Over the session, the stock traded down 0.5%.
Costco Wholesale (OST) shares were down 0.4% on Monday morning to hit a new 52-week high of $391.90.
MercadoLibre (MELI) shares reached a new 52-week high of $1,539.82 on Monday morning, moving up 0.7%.
Vale (VALE) shares set a new yearly high of $14.81 this morning. The stock was down 1.94% on the session.

 

Christmas Star

NEWS

Salesforce’s deal to buy Slack is expected to be announced Tuesday after markets close, sources told CNBC’s David Faber.

The deal is expected to be about half cash and half stock, the sources said, and will price Slack at a premium. Salesforce is set to report quarterly earnings on Tuesday. Slack’s market cap was more than $24 billion as of Monday morning.

Image by Jimmy Dean

PRICE TARGET

Wedbush boosted Apple Inc (NASDAQ:AAPL) price target from $160 to $175. Apple shares rose 2.1% to $141.93 in pre-market trading.
KeyBanc boosted Nike Inc (NYSE:NKE) price target from $174 to $180. Nike shares fell 1.6% to close at $139.35 on Friday.
Credit Suisse boosted Wells Fargo & Co (NYSE:WFC) price target from $35 to $40. Wells Fargo shares rose 0.7% to $32.12 in pre-market trading.
Needham boosted the price target on CommVault Systems, Inc. (NASDAQ:CVLT) from $60 to $66. CommVault Systems shares rose 2.3% to close at $59.84 on Friday.
RBC Capital raised American Eagle Outfitters Inc (NYSE:AEO) price target from $23 to $30. American Eagle shares rose 1.5% to close at $24.28 on Friday.

Image by Kelly Sikkema

52 WK HIGH

Apple (NASDAQ:AAPL) shares hit $145.08 on Monday morning, setting a new 52-week high for a change of up 3.64%.
Tesla (NASDAQ:TSLA) shares set a new 52-week high of $898.49 on Monday, moving up 3.66%.
Johnson & Johnson (NYSE:JNJ) shares were up 0.16% for the day, having made a 52-week high of $165.46.
Pinduoduo (NASDAQ:PDD) shares broke to $195.10 on Monday, setting a new 52-week high with a change of up 10.18%.
Eli Lilly (NYSE:LLY) shares broke to $209.97 on Monday, setting a new 52-week high with a change of up 1.2%.

Image by Jakob Owens

NEWS

With that in mind, CNBC’s Geoff Cutmore speaks with a panel of top global leaders — European Central Bank President Christine Lagarde, Goldman Sachs CEO David Solomon, German Economic Affairs and Energy Minister Peter Altmaier, French Finance Minister Bruno Le Maire and Volkswagen CEO Herbert Diess — about how to drive a return to pre-pandemic levels of growth.

January 25, 2021

February 3, 2021

Image by Olia Nayda

PRICE TARGET

Morgan Stanley lifted Alphabet Inc (NASDAQ:GOOG) price target from $2,050 to $2,200. Alphabet shares gained 7.7% to $2,075.00 in pre-market trading.
Barclays raised the price target on Amazon.com, Inc. (NASDAQ:AMZN) from $3,660 to $3,860. Amazon shares rose 2.3% to $3,458.80 in pre-market trading.
Raymond James boosted the price target for NXP Semiconductors NV (NASDAQ:NXPI) from $210 to $220. NXP Semiconductors shares gained 1.6% to $180.00 in pre-market trading.
SVB Leerink lowered Pfizer Inc. (NYSE:PFE) price target from $44 to $40. Pfizer shares rose 0.4% to $35.14 in pre-market trading.
UBS boosted the price target on Chipotle Mexican Grill, Inc. (NYSE:CMG) from $1,500 to $1,575. Chipotle shares fell 2.6% to $1,484.00 in pre-market trading.

Image by Dasha Yukhymyuk

52 WK HIGH

Alphabet (NASDAQ:GOOG) stock hit a yearly high price of $1,955.76. The stock was up 1.3% for the day.
Alphabet (NASDAQ:GOOGL) stock hit a yearly high price of $1,949.37. The stock was up 1.47% for the day.
Broadcom (NASDAQ:AVGO) stock set a new 52-week high of $472.72 Tuesday morning. Over the session, the stock traded up 0.54%.
Texas Instruments (NASDAQ:TXN) shares set a new yearly high of $175.70 this morning. The stock was down 0.05% on the session.
HDFC Bank (NYSE:HDB) shares were up 2.96% on Tuesday morning to hit a new 52-week high of $81.68.

Image by Severin Candrian

NEWS

“This is a unique time for companies on their sustainability journey, and the transition at large in the global economy,” says Dickon Pinner, senior partner and global leader of McKinsey & Company’s sustainability practice. “Doing nothing or doing just enough is not going to cut it. We have to act in this decade to avoid the most severe environmental and socioeconomic effects of a changing climate.”

Companies of all sizes are getting that message. Increasingly, business leaders and governments realize that responding to Covid-19 and addressing sustainability issues are not mutually exclusive efforts. Furthermore, smart investments in climate resilience and a lower carbon future are actually cost effective. Just look at the utility industry in the U.S.: McKinsey research found that the average U.S. utility company could save up to $1 billion over 20 years by investing in strengthening infrastructure and building resilience and adaptability through the use of microgrids and battery storage, for example, compared to the cost of repairing damage after it happens.

May 25, 2021

Rodent

PRICE TARGET

Morgan Stanley boosted the price target for Tesla Inc (NASDAQ:TSLA) from $810 to $880. Tesla shares gained 0.3% to $842.62 in pre-market trading.
KeyBanc lifted Cirrus Logic, Inc. (NASDAQ:CRUS) price target from $100 to $110. Cirrus Logic shares fell 8.1% to $89.97 in pre-market trading.
Credit Suisse boosted the price target on Palo Alto Networks Inc (NYSE:PANW) from $385 to $425. Palo Alto shares rose 1.6% to $367.00 in pre-market trading.
SVB Leerink lowered Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) price target from $257 to $250. Vertex Pharmaceuticals shares slipped 2.5% to $225.94 in pre-market trading.
Needham lifted the price target for Zillow Group Inc (NASDAQ:Z) from $145 to $175. Zillow shares rose 1.4% to $139.00 in pre-market trading.

Girls Lying on Ground

52 WK HIGH

Alphabet (NASDAQ:GOOG) stock hit a yearly high price of $1,955.76. The stock was up 1.3% for the day.
Alphabet (NASDAQ:GOOGL) stock hit a yearly high price of $1,949.37. The stock was up 1.47% for the day.
Broadcom (NASDAQ:AVGO) stock set a new 52-week high of $472.72 Tuesday morning. Over the session, the stock traded up 0.54%.
Texas Instruments (NASDAQ:TXN) shares set a new yearly high of $175.70 this morning. The stock was down 0.05% on the session.
HDFC Bank (NYSE:HDB) shares were up 2.96% on Tuesday morning to hit a new 52-week high of $81.68.

Image by Wolfgang Hasselmann

NEWS

U.S. stocks jumped on Tuesday, building on a strong rally in the previous session as concerns about a speculative retail trading frenzy continued to ease.

The Dow Jones Industrial Average climbed about 610 points, while the S&P 500 gained 1.7% after posting its best day since November on Monday. The tech-heavy Nasdaq Composite popped 1.4%, bringing its week-to-date gains to nearly 4%.

February 5, 2021

Businesswoman with Mask

PRICE TARGET

Rosenblatt boosted World Wrestling Entertainment, Inc. (NYSE:WWE) price target from $50 to $62. WWE shares rose 0.2% to $54.04 in pre-market trading.
KeyBanc boosted the price target for Chegg Inc (NYSE:CHGG) from $100 to $120. Chegg shares fell 1.1% to close at $95.82 on Monday.
Raymond James raised the price target for Apache Corporation (NYSE:APA) from $14 to $24. Apache shares gained 2.7% to $16.16 in pre-market trading.
HC Wainwright & Co. boosted Pulse Biosciences Inc (NASDAQ:PLSE) price target from $16 to $40. Pulse Biosciences shares rose 1.3% to $35.28 in pre-market trading.
SVB Leerink boosted Arcus Biosciences Inc (NYSE:RCUS) price target from $41 to $54. Arcus Biosciences shares fell 0.6% to close at $38.19 on Monday.

Senior Couple Doing Yoga

52 WK HIGH

Microsoft (NASDAQ:MSFT) shares hit $232.98 on Tuesday morning, setting a new 52-week high for a change of up 0.4%.
Johnson & Johnson (NYSE:JNJ) stock made a new 52-week high of $173.65 Tuesday. The stock was up 4.02% for the day.
Eli Lilly (NYSE:LLY) shares set a new yearly high of $213.20 this morning. The stock was down 0.3% on the session.
Keurig Dr Pepper (NASDAQ:KDP) shares set a new yearly high of $32.26 this morning. The stock was up 0.56% on the session.
Alexion Pharmaceuticals (NASDAQ:ALXN) stock on Tuesday broke to a yearly high of $162.60. Shares traded up 0.38%.

 

Happy Couple

NEWS

Beyond Meat and PepsiCo announced Tuesday that they’ve formed a joint venture to create, produce and market snacks and drinks with plant-based substitutes.

Shares of Beyond jumped as much as 31% in morning trading on the news, while Pepsi’s stock rose about 1%. The run in Beyond Meat may have been helped by hedge funds rushing to cover their bets against the stock, a trend unfolding in may heavily-shorted names this year. More than 38% of the Beyond Meat shares available for trading are sold short, according to FactSet.

December 2, 2020

Image by Gustavo Scafeli

PRICE TARGET

Piper Sandler boosted the price target for Slack Technologies Inc (WORK) from $36 to $45. Slack shares fell 1.1% to $43.38 in pre-market trading.
Needham raised Peloton Interactive Inc (PTON) price target from $125 to $140. Peloton Interactive shares fell 1.1% to $110.75 in pre-market trading.
Deutsche Bank raised the price target on Kohl's Corporation (KSS) from $28 to $49. Kohl's shares rose 1.3% to $37.00 in pre-market trading.
DA Davidson cut Inter Parfums, Inc. (IPAR) price target from $55 to $50. Inter Parfums shares fell 2.2% to $54.50 in pre-market trading.
Piper Sandler lowered the price target for salesforce.com, inc. (CRM) from $285 to $278. salesforce.com shares fell 5.5% to $228.20 in pre-market trading.

Image by zhenzhong liu

52 WK HIGH

T-Mobile US (TMUS) stock on Wednesday broke to a yearly high of $134.24. Shares traded up 0.25%.
BHP Group (BHP) stock on Wednesday broke to a yearly high of $59.85. Shares traded up 3.36%.
BHP Gr (BBL) shares set a new yearly high of $49.13 this morning. The stock was up 3.82% on the session.
Advanced Micro Devices (AMD) stock made a new 52-week high of $96.34 Wednesday. The stock was up 3.89% for the day.
Morgan Stanley (MS) shares broke to a new 52-week high of $64.00 on Wednesday. Shares of the company traded up 0.86%.

Image by Anthony Tran

NEWS

Apple and UnitedHealth rose 3.5% and 2.9%, respectively. Communication services and financias were the best-performing sectors in the S&P 500, rising 2.1% and 1.8%, respectively.

Sentiment got a lift after NBC News reported that Treasury Secretary Steven Mnuchin will speak with House Speaker Nancy Pelosi about “keeping the government running,” adding that “I’m sure we’ll also be mentioning COVID Relief.” Meanwhile, a group of lawmakers unveiled a $908 billion stimulus plan, which includes $208 billion in Paycheck Protection Program small business loans.

The Dow rallied 11.8% in November, posting its best one-month performance since January 1987. The S&P 500 and Nasdaq Composite rose 10.8% and 11.8%, respectively, for their strongest monthly advances since April. After November’s gain, the S&P 500 is up 12.1% for 2020.

January 21, 2021

Image by David Suarez

PRICE TARGET

Berenberg boosted Citigroup Inc (NYSE:C) price target from $55 to $70. Citigroup shares fell 0.2% to $63.11 in pre-market trading.
JP Morgan raised Synaptics, Incorporated (NASDAQ:SYNA) price target from $73 to $110. Synaptics shares rose 0.3% to close at $103.85 on Wednesday.
B of A Securities boosted the price target for Ciena Corporation (NYSE:CIEN) from $49 to $65. Ciena shares rose 2.2% to $54.00 in pre-market trading.
Needham boosted the price target on ViacomCBS Inc. (NASDAQ:VIAC) from $36 to $55. ViacomCBS shares rose 1% to $43.80 in pre-market trading.
HC Wainwright & Co. raised the price target for Edap Tms SA (NASDAQ:EDAP) from $6 to $10. Edap shares climbed 20.8% to close at $8.25 on Wednesday.20.8% to close at $8.25 on Wednesday.

Image by Maria Luísa Queiroz

52 WK HIGH

Alphabet (NASDAQ:GOOG) stock hit a yearly high price of $1,931.98. The stock was up 2.07% for the day.
Alphabet (NASDAQ:GOOGL) shares set a new yearly high of $1,930.16 this morning. The stock was up 2.29% on the session.
ASML Holding (NASDAQ:ASML) shares achieved a new 52-week high on Thursday morning, hitting $572.48 with a daily change of up 4.14%.
Eli Lilly (NYSE:LLY) stock hit a yearly high price of $204.68. The stock was up 0.77% for the day.
MercadoLibre (NASDAQ:MELI) shares were down 1.13% for the day, having made a 52-week high of $2,020.00.

 

Image by Wright Brand Bacon

NEWS

Apple and UnitedHealth rose 3.5% and 2.9%, respectively. Communication services and financias were the best-performing sectors in the S&P 500, rising 2.1% and 1.8%, respectively.

Sentiment got a lift after NBC News reported that Treasury Secretary Steven Mnuchin will speak with House Speaker Nancy Pelosi about “keeping the government running,” adding that “I’m sure we’ll also be mentioning COVID Relief.” Meanwhile, a group of lawmakers unveiled a $908 billion stimulus plan, which includes $208 billion in Paycheck Protection Program small business loans.

The Dow rallied 11.8% in November, posting its best one-month performance since January 1987. The S&P 500 and Nasdaq Composite rose 10.8% and 11.8%, respectively, for their strongest monthly advances since April. After November’s gain, the S&P 500 is up 12.1% for 2020.

February 2, 2021

Rodent

PRICE TARGET

Morgan Stanley boosted the price target for Tesla Inc (NASDAQ:TSLA) from $810 to $880. Tesla shares gained 0.3% to $842.62 in pre-market trading.
KeyBanc lifted Cirrus Logic, Inc. (NASDAQ:CRUS) price target from $100 to $110. Cirrus Logic shares fell 8.1% to $89.97 in pre-market trading.
Credit Suisse boosted the price target on Palo Alto Networks Inc (NYSE:PANW) from $385 to $425. Palo Alto shares rose 1.6% to $367.00 in pre-market trading.
SVB Leerink lowered Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) price target from $257 to $250. Vertex Pharmaceuticals shares slipped 2.5% to $225.94 in pre-market trading.
Needham lifted the price target for Zillow Group Inc (NASDAQ:Z) from $145 to $175. Zillow shares rose 1.4% to $139.00 in pre-market trading.

Girls Lying on Ground

52 WK HIGH

Alphabet (NASDAQ:GOOG) stock hit a yearly high price of $1,955.76. The stock was up 1.3% for the day.
Alphabet (NASDAQ:GOOGL) stock hit a yearly high price of $1,949.37. The stock was up 1.47% for the day.
Broadcom (NASDAQ:AVGO) stock set a new 52-week high of $472.72 Tuesday morning. Over the session, the stock traded up 0.54%.
Texas Instruments (NASDAQ:TXN) shares set a new yearly high of $175.70 this morning. The stock was down 0.05% on the session.
HDFC Bank (NYSE:HDB) shares were up 2.96% on Tuesday morning to hit a new 52-week high of $81.68.

Image by Wolfgang Hasselmann

NEWS

U.S. stocks jumped on Tuesday, building on a strong rally in the previous session as concerns about a speculative retail trading frenzy continued to ease.

The Dow Jones Industrial Average climbed about 610 points, while the S&P 500 gained 1.7% after posting its best day since November on Monday. The tech-heavy Nasdaq Composite popped 1.4%, bringing its week-to-date gains to nearly 4%.

Rodent

PRICE TARGET

Morgan Stanley boosted the price target for Tesla Inc (NASDAQ:TSLA) from $810 to $880. Tesla shares gained 0.3% to $842.62 in pre-market trading.
KeyBanc lifted Cirrus Logic, Inc. (NASDAQ:CRUS) price target from $100 to $110. Cirrus Logic shares fell 8.1% to $89.97 in pre-market trading.
Credit Suisse boosted the price target on Palo Alto Networks Inc (NYSE:PANW) from $385 to $425. Palo Alto shares rose 1.6% to $367.00 in pre-market trading.
SVB Leerink lowered Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) price target from $257 to $250. Vertex Pharmaceuticals shares slipped 2.5% to $225.94 in pre-market trading.
Needham lifted the price target for Zillow Group Inc (NASDAQ:Z) from $145 to $175. Zillow shares rose 1.4% to $139.00 in pre-market trading.

Girls Lying on Ground

52 WK HIGH

Alphabet (NASDAQ:GOOG) stock hit a yearly high price of $1,955.76. The stock was up 1.3% for the day.
Alphabet (NASDAQ:GOOGL) stock hit a yearly high price of $1,949.37. The stock was up 1.47% for the day.
Broadcom (NASDAQ:AVGO) stock set a new 52-week high of $472.72 Tuesday morning. Over the session, the stock traded up 0.54%.
Texas Instruments (NASDAQ:TXN) shares set a new yearly high of $175.70 this morning. The stock was down 0.05% on the session.
HDFC Bank (NYSE:HDB) shares were up 2.96% on Tuesday morning to hit a new 52-week high of $81.68.

Image by Wolfgang Hasselmann

NEWS

U.S. stocks jumped on Tuesday, building on a strong rally in the previous session as concerns about a speculative retail trading frenzy continued to ease.

The Dow Jones Industrial Average climbed about 610 points, while the S&P 500 gained 1.7% after posting its best day since November on Monday. The tech-heavy Nasdaq Composite popped 1.4%, bringing its week-to-date gains to nearly 4%.

June 8, 2021

Image by Katherine Kromberg

PRICE TARGET

Rosenblatt boosted Marvell Technology, Inc. (NASDAQ:MRVL) price target from $60 to $70. Marvell Technology shares rose 5.2% to $50.80 in pre-market trading.
Jefferies raised the price target on Delta Air Lines, Inc. (NYSE:DAL) from $50 to $60. Delta Air shares rose 1.7% to $46.86 in pre-market trading.
Baird boosted the price target on Biogen Inc. (NASDAQ:BIIB) from $216 to $382. Biogen shares fell 0.5% to $394.00 in pre-market trading.
Needham cut the price target for Coupa Software Incorporated (NASDAQ:COUP) from $385 to $280. Coupa Software shares fell 9.2% to $215.00 in pre-market trading.
JP Morgan lifted Johnson Controls International plc (NYSE:JCI) price target from $50 to $75. Johnson Controls shares rose 2.7% to $68.00 in pre-market trading

Image by guy stevens

52 WK HIGH

Alphabet (NASDAQ:GOOG) stock on Tuesday broke to a yearly high of $2,483.55. Shares traded up 0.36%.
Facebook (NASDAQ:FB) shares reached a new 52-week high of $338.30 on Tuesday morning, moving down 0.77%.
ASML Holding (NASDAQ:ASML) stock set a new 52-week high of $692.12 Tuesday morning. Over the session, the stock traded up 0.76%.
Oracle (NYSE:ORCL) shares hit $84.80 on Tuesday morning, setting a new 52-week high for a change of up 0.75%.
Novo Nordisk (NYSE:NVO) shares hit $82.45 on Tuesday morning, setting a new 52-week high for a change of up 1.01%.

Image by Miklós Márton

NEWS

The jump in market value goes hand-in-hand with eye-popping subscriber additions during the pandemic. In the first half of 2020, Netflix added 37 million new global customers. That was a record gain for the company, whose previous annual high was 28.6 million in 2018.

A plurality of Americans believe Netflix has the best original content among streaming services, according to a recent Morgan Stanley survey. Thirty-eight percent of survey respondents chose it as No. 1 among streamers -- far surpassing No. 2 Amazon Prime Video at 12%.

While the streaming wars give consumers more alternatives to Netflix, they also cement Reed Hastings’ company as an anchor product in many U.S. households. If streaming video is now -- or soon will be -- the centerpiece of home entertainment, supplanting cable TV, Netflix will almost certainly be a part of a typical household’s content diet.

Netflix outspends all other streaming services on content and already has more than 200 million global subscribers. Having that kind of global reach is a huge selling point to creators who have a growing list of distribution partners.

March 26, 2021

Image by Andre Frueh

PRICE TARGET

Stephens & Co. raised the price target for Darden Restaurants, Inc. (NYSE:DRI) from $155 to $170. Darden shares rose 8.2% to close at $144.90 on Thursday.
RBC Capital boosted Olin Corporation (NYSE:OLN) price target from $26 to $56. Olin shares rose 2% to $37.03 in pre-market trading.
Jefferies lifted RH (NYSE:RH) price target from $335 to $500. RH shares rose 0.4% to $531.00 in pre-market trading.
SVB Leerink raised the price target on Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) from $655 to $657. Regeneron shares rose 0.7% to close at $463.48 on Thursday.
Jefferies raised the price target for Altria Group, Inc. (NYSE:MO) from $40 to $58. Altria shares rose 1.4% to $50.88 in pre-market trading.

Image by Aaron Burden

52 WK HIGH

UnitedHealth Group (NYSE:UNH) shares achieved a new 52-week high on Friday morning, hitting $374.37 with a daily change of up 0.16%.
Home Depot (NYSE:HD) shares were up 0.45% on Friday to hit a new 52-week high of $299.50 for a change of up 0.45%.
Linde (NYSE:LIN) shares hit a yearly high of $276.20. The stock traded up 0.91% on the session.
Lowe's Companies (NYSE:LOW) shares set a new yearly high of $189.56 this morning. The stock was up 2.1% on the session.
3M (NYSE:MMM) stock hit a yearly high price of $193.99. The stock was down 0.08% for the day.

Image by Ricardo Monteiro

NEWS

  • U.S. stocks climbed on Friday, finishing the volatile week on a high note as stocks benefiting from a successful economic reopening outperformed again.

  • The Dow Jones Industrial Average closed 453.40 points higher, or 1.4%, to 33,072.88. The blue-chip benchmark was up only 65 points earlier in the day. The S&P 500 rose 1.7% to 3,974.54, hitting a record closing high. The Nasdaq Composite erased a 0.8% loss and ended the session 1.2% higher to 13,138.72. All three major benchmarks rallied to their session highs into the close.

  • Classic reopening plays built on the momentum from the previous session. United Airlines climbed more than 1%, while Royal Caribbean and Norwegian Cruise Line jumped 1.3% and 3% respectively. Cyclical sectors energy and materials led the gains, rising more than 2% each.

December 21, 2020

Fruit Pie

PRICE TARGET

Needham lifted the price target for Nike Inc (NKE) from $149 to $165. Nike shares rose 4.1% to $142.89 in pre-market trading.
KeyBanc raised the price target on Darden Restaurants, Inc. (DRI) from $124 to $130. Darden Restaurants shares fell 2.1% to close at $116.16 on Friday.
Jefferies cut Epizyme Inc (EPZM) price target from $18 to $14. Epizyme shares fell 3.1% to $12.01 in pre-market trading.
Baird cut the price target on SolarWinds Corp (SWI) from $24 to $15. SolarWinds shares rose 5.3% to $14.93 in pre-market trading.
JP Morgan boosted RPT Realty (RPT) price target from $6.5 to $9. RPT Realty shares fell 5% to close at $8.31 on Friday.

Nature Photographer

52 WK HIGH

Nike (NKE) shares hit a new 52-week high of $147.95. The stock traded up 5.2% on the session.
Morgan Stanley (MS) stock set a new 52-week high of $67.99 Monday morning. Over the session, the stock traded up 5.64%.
Square (SQ) stock set a new 52-week high of $241.85 Monday morning. Over the session, the stock traded up 1.73%.
Goldman Sachs Group (GS) shares hit $258.82 on Monday morning, setting a new 52-week high for a change of up 6.37%.
Baidu (BIDU) shares hit a new 52-week high of $202.79. The stock traded up 2.36% on the session.

Cherry Tomatoes

NEWS

  • he S&P 500 fell slightly in volatile trading on Monday to start the holiday week as enthusiasm over a coronavirus stimulus deal was overwhelmed by worries over a viral new Covid strain in the U.K.

  • The broad equity index dipped 0.4%, or 14.49 points, to 3,694.92 after falling nearly 2% at its session low. The Nasdaq Composite fell 0.1%, or 13.12 points, to 12,742.52. The Dow Jones Industrial Average erased a 400-point loss to eke out a small gain as strength in Nike and bank shares supported the blue-chip benchmark. The 30-stock Dow rose 0.1%, or 37.40 points, to 30,216.45.

April 12, 2021

Patriotic Hot Dog

PRICE TARGET

Canaccord Genuity raised the price target on Tesla, Inc. (NASDAQ:TSLA) from $419 to $1071. Tesla shares rose 1.5% to $687.13 in pre-market trading.
Keybanc lowered the price target on Alibaba Group Holding Limited (NYSE:BABA) from $315 to $305. Alibaba shares rose 5.9% to $236.55 in pre-market trading.
Evercore ISI Group reduced QUALCOMM Incorporated (NASDAQ:QCOM) price target from $195 to $150. QUALCOMM shares fell 0.9% to $139.32 in pre-market trading.
Cowen & Co. boosted the price target on WEX Inc. (NYSE:WEX) from $235 to $268. WEX shares rose 0.3% to $219.97 in pre-market trading.
HC Wainwright & Co. boosted the price target for Repligen Corporation (NASDAQ:RGEN) from $168 to $225. Repligen shares rose 1% to close at $206.10 on Friday.

Hot Dog and Chips

52 WK HIGH

Alibaba — The U.S.-traded shares of the Chinese internet giant jumped 9.3% after Chinese regulators hit the company with a $2.8 billion fine. The fine amounts to roughly 4% of Alibaba’s 2019 revenue. The action is part of broader scrutiny of internet companies by Chinese regulators.

United Airlines -- Shares of the airline slumped 3.9% after United Airlines announced that it expected to report $3.2 billion in first-quarter revenue, down 66% from the same quarter in 2019. According to FactSet, Wall Street analysts were expecting $3.35 billion.

Chipotle – The chain restaurant’s share price rose 0.6% after Raymond James upgraded the stock to outperform from market perform. The Wall Street firm said Chipotle’s sales have fully participated in the strengthening industry trends over the past tour weeks, adding there’s “significant upside” to stock prices. CNBC’s Jim Cramer said the stock is still a buy, even as it hits an all-time high.

Qualcomm – The chip stock fell 2.2% after Evercore ISI downgraded the company to in line from outperform. Evercore said after Qualcomm’s triple-digit run since the Apple settlement, the lion’s share of the 5G smartphone upcycle is priced into the shares. Qualcomm and Apple settled a royalty and patent dispute in April 2019.

Image by Ball Park Brand

NEWS

The 10 year Treasury yield climbed 6 basis points to top 1.77% earlier Tuesday, the highest level in 14 months as vaccine rollouts and expected infrastructure spending boosted expectations of a broad economic recovery and rising inflation. The benchmark rate last traded flat at 1.73%.

“There’s two different sides to rising rates — is it being driven by fears of inflation or by optimism about the economy? And lately it’s been driven more by optimism about the economy,” said Tom Hainlin, global investment strategist at U.S. Bank Wealth Management.

Investors digested a reading on consumer confidence that far exceeded expectations. The Conference Board’s Consumer Confidence Index surged in March to 109.7, its highest reading in a year. Economists polled by Dow Jones expected the index to rise to 96.8 from 90.4 in February.

Classic reopening plays rallied after the data release. American Airlines jumped 4%, while United Airline popped more than 3%. Carnival, Norwegian Cruise Line and Royal Caribbean all traded at least 3% higher.

March 30, 2021

Pink Petals

PRICE TARGET

Stifel boosted the price target for Alphabet Inc. (NASDAQ:GOOGL) from $2025 to $2350. Alphabet shares rose 0.2% to $2,049.26 in pre-market trading.
Jefferies lifted American Airlines Group Inc. (NASDAQ:AAL) price target from $15 to $25. American Airlines shares fell 0.1% to $22.89 in pre-market trading.
Citigroup boosted the price target on Yelp Inc. (NYSE:YELP) from $33 to $48. Yelp shares rose 1.8% to $37.85 in pre-market trading.
Raymond James boosted The Allstate Corporation (NYSE:ALL) price target from $125 to $135. Allstate shares rose 0.7% to close at $116.80 on Monday.
Truist Securities lowered Roku, Inc. (NASDAQ:ROKU) price target from $480 to $367. Roku shares rose 1% to $303.92 in pre-market trading.

Three Hair Pins

52 WK HIGH

Automatic Data Processing (NASDAQ:ADP) shares were down 1.46% on Tuesday to hit a new 52-week high of $193.44 for a change of down 1.46%.
General Dynamics (NYSE:GD) shares were up 0.09% on Tuesday to hit a new 52-week high of $184.37 for a change of up 0.09%.
Bank of New York Mellon (NYSE:BK) stock set a new 52-week high of $48.10 Tuesday morning. Over the session, the stock traded up 0.55%.
Lloyds Banking Group (NYSE:LYG) shares hit $2.33 on Tuesday morning, setting a new 52-week high for a change of up 1.75%.
PPG Industries (NYSE:PPG) shares were down 0.3% for the day, having made a 52-week high of $156.54.

Pink Flowers

NEWS

The 10 year Treasury yield climbed 6 basis points to top 1.77% earlier Tuesday, the highest level in 14 months as vaccine rollouts and expected infrastructure spending boosted expectations of a broad economic recovery and rising inflation. The benchmark rate last traded flat at 1.73%.

“There’s two different sides to rising rates — is it being driven by fears of inflation or by optimism about the economy? And lately it’s been driven more by optimism about the economy,” said Tom Hainlin, global investment strategist at U.S. Bank Wealth Management.

Investors digested a reading on consumer confidence that far exceeded expectations. The Conference Board’s Consumer Confidence Index surged in March to 109.7, its highest reading in a year. Economists polled by Dow Jones expected the index to rise to 96.8 from 90.4 in February.

Classic reopening plays rallied after the data release. American Airlines jumped 4%, while United Airline popped more than 3%. Carnival, Norwegian Cruise Line and Royal Caribbean all traded at least 3% higher.

April 5, 2021

Yoga on SUP

PRICE TARGET

Chembio Diagnostics, Inc. (NASDAQ:CEMI) jumped 46% to $5.14 after the company announced the commercial launch of a test to differentiate between COVID-19 and the Flu.
AeroCentury Corp. (NYSE:ACY) shares jumped 40.6% to $13.64. The company recently reported that it filed a petition for a Chapter 11 reorganization.
Nano-X Imaging Ltd. (NASDAQ:NNOX) shares climbed 35.1% to $55.85 after the company announced on Friday its single-source Nanox.ARC digital x-ray technology has received 510(k) clearance from the FDA.
Takung Art Co., Ltd. (NASDAQ:TKAT) surged 29.6% to $43.40.
Leaf Group Ltd. (NYSE:LEAF) gained 23.2% to $8.67 as the company agreed to be acquired by Graham Holdings Company for $8.50 per share in all-cash transaction valued at $323 million.

Iyengar Yoga

52 WK HIGH

Bank of America (NYSE:BAC) stock on Monday broke to a yearly high of $40.28. Shares traded up 0.84%.
Home Depot (NYSE:HD) shares hit $313.68 on Monday morning, setting a new 52-week high for a change of up 1.5%.
ASML Holding (NASDAQ:ASML) shares hit a new 52-week high of $653.00. The stock traded up 0.32% on the session.
Texas Instruments (NASDAQ:TXN) shares reached a new 52-week high of $195.48 on Monday morning, moving up 1.06%.
Accenture (NYSE:ACN) stock set a new 52-week high of $281.95 Monday morning. Over the session, the stock traded up 0.89%.

Senior Yoga Class

NEWS

  • U.S. stocks climbed to record highs on Monday as a strong bounce in U.S. job growth last month raised expectations for a swift economic recovery from the pandemic.

  • The Dow Jones Industrial Average rose 370 points to an all-time high. The S&P 500 gained 1.4%, hitting a new intraday record after closing above 4,000 for the first time on Thursday. The tech-heavy Nasdaq Composite also climbed 1.6%.

  • The Labor Department reported Friday that nonfarm payrolls increased by 916,000 in March, the highest since August 2020, while the unemployment rate fell to 6%. Economists surveyed by Dow Jones were expecting an increase of 675,000 and a jobless rate of 6%.

  • “A ‘Capital V’ recovery that is in the early innings,” said Tony Dwyer, Canaccord Genuity’s chief market strategist. “The only thing that could stand in the way would be another shutdown of the economy to contain new Covid-19 strains or a policy mistake by the Fed. Neither appear imminent.”

December 7, 2020

Sunset Run

PRICE TARGET

UBS raised the price target on Boeing Co (BA) from $150 to $300. Boeing shares rose 1.5% to $236.20 in pre-market trading.
Rosenblatt boosted Intercontinental Exchange Inc (ICE) price target from $116 to $120. Intercontinental Exchange shares gained 1.7% to close at $109.23 on Friday.
Stephens & Co. cut the price target for Mcdonald's Corp (MCD) from $250 to $225. Mcdonald's shares fell 0.9% to $208.90 in pre-market trading.
SVB Leerink boosted the price target on Illumina, Inc. (ILMN) from $325 to $360. Illumina shares rose 1.4% to close at $350.66 on Friday.
UBS boosted the price target for Spirit AeroSystems Holdings, Inc. (SPR) from $19 to $50. Spirit AeroSystems shares rose 2.3% to $40.00 in pre-market trading.

Citrus and Chili Cocktail

52 WK HIGH

Tesla (TSLA) shares reached a new 52-week high of $623.75 on Monday morning, moving up 3.89%.
Taiwan Semiconductor (TSM) shares were up 2.65% for the day, having made a 52-week high of $106.99.
Nike (NKE) shares hit a yearly high of $138.47. The stock traded up 0.66% on the session.
ASML Holding (ASML) stock made a new 52-week high of $469.70 Monday. The stock was up 0.83% for the day.
Qualcomm (QCOM) stock hit a yearly high price of $158.97. The stock was up 0.57% for the day.

Image by Kolby Milton

NEWS

  • JPMorgan initiated DraftKings as neutral.

  • Piper Sandler upgraded Lyft to overweight from neutral.

  • UBS upgraded Boeing to buy from neutral.

  • Bernstein upgraded Southwest Airlines to outperform from market perform.

  • Truist downgraded Vail to hold from buy.

  • MKM downgraded Occidental Petroleum to neutral from buy.

  • Stephens downgraded McDonald’s to equal weight from overweight.

  • MoffettNathanson initiated American Express as buy.

  • Stephens downgraded Teladoc to equal weight from overweight.

  • Tudor Pickering Holt downgraded Chevron to hold from buy.

  • Seaport initiated Visa, Square, and Mastercard as buy.

December 30, 2020

Businesswomen Walking in Hallway

PRICE TARGET

Guggenheim boosted the price target on PVH Corp (NYSE:PVH) from $100 to $110. PVH shares fell 0.1% to $93.38 in pre-market trading.
Guggenheim raised the price target for TJX Companies Inc (NYSE:TJX) from $70 to $78. TJX shares fell 0.6% to close at $67.99 on Tuesday.
Needham raised Applied Materials, Inc. (NASDAQ:AMAT) price target from $82 to $110. Applied Materials shares fell 0.7% to close at $84.27 on Tuesday.
Guggenheim boosted Kohl's Corporation (NYSE:KSS) price target from $40 to $45. Kohl's shares fell 0.2% to $39.80 in pre-market trading.
Guggenheim lifted Tapestry Inc (NYSE:TPR) price target from $27 to $35. Tapestry shares fell 2.4% to close at $30.11 on Tuesday.

Tidy Desk

52 WK HIGH

Taiwan Semiconductor (NYSE:TSM) shares hit a yearly high of $109.69. The stock traded up 3.9% on the session.
Visa (NYSE:V) shares hit a new 52-week high of $218.94. The stock traded up 2.09% on the session.
Walt Disney (NYSE:DIS) shares broke to a new 52-week high of $183.13 on Wednesday. Shares of the company traded up 2.82%.
Pinduoduo (NASDAQ:PDD) shares were up 3.13% for the day, having made a 52-week high of $173.98.
ASML Holding (NASDAQ:ASML) shares were up 1.53% for the day, having made a 52-week high of $491.66.

Macchiato

NEWS

Levi Strauss – The denim retailer gained more than 1% after Guggenheim raised its price target on the company to $24, up from a prior target of $20. The new forecast is 21% above where the stock closed on Tuesday. “We are encouraged by the company’s offensive strategy, strong brand, experienced management team, and healthy financial position … which we believe will allow LEVI to emerge from COVID-19 disruption in a stronger competitive position,” the firm said in a note to clients.

December 14, 2020

Baseball Players

PRICE TARGET

JP Morgan boosted the price target on HCA Healthcare Inc (HCA) from $143 to $194. HCA Healthcare shares rose 0.3% to $158.00 in pre-market trading.
Baird raised the price target on Alexion Pharmaceuticals, Inc. (ALXN) from $140 to $175. Alexion Pharmaceuticals shares rose 32.3% to $160.00 in pre-market trading.
SVB Leerink boosted the price target for UnitedHealth Group Inc (UNH) from $378 to $390. UnitedHealth shares fell 0.8% to close at $337.07 on Friday.
Citigroup raised Clorox Co (CLX) price target from $238 to $249. Clorox shares rose 0.5% to close at $201.73 on Friday.
HC Wainwright & Co. lifted the price target for ReneSola Ltd. (SOL) from $4 to $12. ReneSola shares rose 1.3% to close at $5.54 on Friday.

Little Girl with Christmas Present

52 WK HIGH

PayPal Holdings (PYPL) stock made a new 52-week high of $221.69 Monday. The stock was up 2.46% for the day.
Toyota Motor (TM) shares reached a new 52-week high of $154.62 on Monday morning, moving up 2.28%.
Honeywell International (HON) stock made a new 52-week high of $216.70 Monday. The stock was up 0.66% for the day.
Rio Tinto (RIO) shares broke to $75.30 on Monday, setting a new 52-week high with a change of up 1.07%.
Applied Materials (AMAT) stock on Monday broke to a yearly high of $90.52. Shares traded up 1.83%.

Christmas Parade Dancers

NEWS

  • DoorDash — The stock dropped more than 7% after D.A. Davidson slashed its rating on the food delivery company to neutral from buy. D.A. Davidson said the stock’s current valuation appears to leave little room for any performance hiccups. DoorDash went public last Wednesday, with its stock surging more than 80% during its debut.

  • Airbnb — Shares fell more than 8% after Gordon Haskett downgraded the home rental platform to underperform from buy. The Wall Street firm said an overwhelming majority of investors it spoke to have been unable to justify Airbnb’s valuation relative to online travel agencies. Airbnb had a blockbuster public market debt last week that saw its shares more than double on the first day of trading.

February 1

Image by Jimmy Dean

PRICE TARGET

Raymond James boosted Arthur J Gallagher & Co (NYSE:AJG) price target from $125 to $140. Arthur J Gallagher shares slipped 0.1% to close at $115.41 on Friday.
Rosenblatt lowered the price target on Charter Communications Inc (NASDAQ:CHTR) from $765 to $690. Charter Communications shares fell 7.2% to close at $607.56 on Friday.
SVB Leerink raised the price target on Moderna Inc (NASDAQ:MRNA) from $69 to $80. Moderna shares rose 1.1% to $175.00 in pre-market trading.
HC Wainwright & Co. lifted the price target for United Therapeutics Corporation (NASDAQ:UTHR) from $125 to $195. United Therapeutics shares fell 0.4% to close at $163.82 on Friday.
Wedbush boosted Wingstop Inc (NASDAQ:WING) price target from $140 to $175. Wingstop shares fell 2.4% to close at $150.05 on Friday.

Image by Kingsley Osei-Abrah

52 WK HIGH

HDFC Bank (NYSE:HDB) shares broke to a new 52-week high of $77.11 on Monday. Shares of the company traded up 6.59%.
ICICI Bank (NYSE:IBN) shares were up 10.63% on Monday morning to hit a new 52-week high of $16.82.
Blackstone Group (NYSE:BX) shares hit a yearly high of $69.43. The stock traded up 2.53% on the session.
Laboratory Corp (NYSE:LH) shares achieved a new 52-week high on Monday morning, hitting $234.81 with a daily change of up 0.96%.
Hologic (NASDAQ:HOLX) stock on Monday broke to a yearly high of $83.34. Shares traded up 3.47%.

Image by Jakayla Toney

NEWS

Databricks, a start-up whose software helps companies quickly process large sets of data and get it ready for analysis, said Monday it has raised $1 billion in fresh cash, including from a few prominent corporate investors.

Amazon Web Services, Alphabet’s CapitalG venture arm and Salesforce Ventures all joined in, according to a statement. Microsoft, which invested in Databricks earlier, is also participating in the new round, the statement said.

The transaction, which values Databricks at $28 billion, shows the top three U.S. cloud providers recognize that the company represents an opportunity similar to Snowflake, another firm with cloud software that helps companies manage data.

December 22, 2020

Image by iam_os

PRICE TARGET

KeyBanc lifted the price target for ArcelorMittal SA (MT) from $23 to $28. ArcelorMittal shares rose 0.7% to $23.15 in pre-market trading.
Rosenblatt raised Seagate Technology PLC (STX) price target from $65 to $78. Seagate shares fell 0.6% to $64.69 in pre-market trading.
Piper Sandler boosted Illumina, Inc. (ILMN) price target from $340 to $415. Illumina shares rose 1.3% to $367.48 in pre-market trading.
KeyBanc raised the price target on WESCO International, Inc. (WCC) from $75 to $90. WESCO International shares fell 0.3% to close at $75.26 on Monday.
Needham boosted Fubotv Inc (FUBO) price target from $30 to $60. Fubotv shares rose 10.3% to $54.59 in pre-market trading.

Image by ShareGrid

52 WK HIGH

PayPal Holdings (PYPL) shares reached a new 52-week high of $240.93 on Tuesday morning, moving up 0.76%.
Shopify (SHOP) shares set a new 52-week high of $1,231.91 on Tuesday, moving up 2.43%.
Square (SQ) shares achieved a new 52-week high on Tuesday morning, hitting $242.58 with a daily change of up 2.19%.
Airbnb (ABNB) shares hit $174.97 on Tuesday morning, setting a new 52-week high for a change of up 2.83%.
Intuitive Surgical (ISRG) shares broke to a new 52-week high of $806.16 on Tuesday. Shares of the company traded up 1.53%.

Image by Luke Lung

NEWS

  • Wall Street analysts had a range of reactions to a Reuters report on Monday that Apple could start production of an electric car in 2024 based around its own battery technology.

  • Some analysts warned the reported plan to make an Apple-branded car could run into the reality of the car business: heavy investment is required for what is often low margins.

  • The big question is how would Apple make money?

December 29, 2020

Bread with Jam

PRICE TARGET

HC Wainwright & Co. lowered the price target for Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT) from $84 to $50. Arcturus Therapeutics shares fell 33.6% to $61.29 in pre-market trading.
RBC Capital cut Aprea Therapeutics Inc (NASDAQ:APRE) price target from $40 to $10. Aprea Therapeutics shares rose 2.6% to $5.64 in pre-market trading.
Baird lowered Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT) price target from $79 to $69. Arcturus Therapeutics shares fell 33.6% to $61.29 in pre-market trading.
Raymond James raised Wells Fargo & Co (NYSE:WFC) price target from $32 to $35. Wells Fargo shares rose 0.6% to $30.12 in pre-market trading.
Credit Suisse boosted the price target on Cognizant Technology Solutions Corp (NASDAQ:CTSH) from $79 to $91. Cognizant Technology shares closed at $81.37 on Monday.

Female Potter Making Mug

52 WK HIGH

Apple (NASDAQ:AAPL) shares hit a new 52-week high of $138.78. The stock traded down 0.21% on the session.
Walt Disney (NYSE:DIS) shares hit a new 52-week high of $180.20. The stock traded down 0.83% on the session.
PepsiCo (NASDAQ:PEP) stock made a new 52-week high of $148.76 Tuesday. The stock was up 0.76% for the day.
ASML Holding (NASDAQ:ASML) shares hit a new 52-week high of $489.26. The stock traded up 1.07% on the session.
HDFC Bank (NYSE:HDB) shares hit a yearly high of $71.40. The stock traded up 0.44% on the session.

Interior Design Objects

NEWS

Investors should increase their exposure to metal miners, clean energy and Chinese stocks to maximize their returns in 2021, according to Astoria Portfolio Advisors’ John Davi.

Stocks in these groups have been on a tear this year amid increasing expectations of an economic recovery as well as potential changes to the regulatory environment in energy. For example, metal miner Freeport-McMoRan is up nearly 88% year to date, while First Solar has rallied 81.7%.

Davi thinks investing around these themes can yield even more returns in the new year, and he advises investors to use exchange-traded funds to play them.

December 8, 2020

Wrapping Papers

PRICE TARGET

Needham raised the price target on Stitch Fix Inc (SFIX) from $46 to $55. Stitch Fix shares rose 32.6% to $47.50 in pre-market trading.
SVB Leerink boosted Keros Therapeutics Inc (KROS) price target from $42 to $80. Keros Therapeutics shares dropped 3.2% to close at $74.89 on Friday.
KeyBanc raised Smartsheet Inc (SMAR) price target from $64 to $82. Smartsheet shares rose 17% to $73.10 in pre-market trading.
Needham lifted the price target for Coupa Software Inc (COUP) from $300 to $385. Coupa Software shares rose 3.5% to $335.20 in pre-market trading.
Barclays boosted the price target on Equifax Inc. (EFX) from $200 to $210.. Equifax shares rose 1.7% to $173.73 in pre-market trading.

Christmas Cookies

52 WK HIGH

Taiwan Semiconductor (TSM) shares set a new yearly high of $107.84 this morning. The stock was up 0.2% on the session.
Pfizer (PFE) shares hit a yearly high of $42.00. The stock traded up 0.89% on the session.
Nike (NKE) stock set a new 52-week high of $139.08 Tuesday morning. Over the session, the stock traded down 0.08%.
Pinduoduo (PDD) stock set a new 52-week high of $161.50 Tuesday morning. Over the session, the stock traded up 7.36%.
AbbVie (ABBV) stock set a new 52-week high of $107.89 Tuesday morning. Over the session, the stock traded up 1.41%.

Cherry Popsicles

NEWS

  • JPMorgan initiated DraftKings as neutral.

  • Piper Sandler upgraded Lyft to overweight from neutral.

  • UBS upgraded Boeing to buy from neutral.

  • Bernstein upgraded Sout

  • The organization is Mayors for a Guaranteed Income, a group of about 30 mayors across the country who have signed on to test guaranteed income pilot programs in their cities.

  • The group is led by Mayor Michael Tubbs of Stockton, Calif., who has created a similar program in his city. This summer, he founded Mayors for a Guaranteed Income to help other mayors across the country establish similar programs.

  • The timing of the initiatives are crucial, Tubbs said, as federal help provided through the CARES Act earlier this year runs out.

  • hwest Airlines to outperform from market perform.

  • Truist downgraded Vail to hold from buy.

  • MKM downgraded Occidental Petroleum to neutral from buy.

  • Stephens downgraded McDonald’s to equal weight from overweight.

  • MoffettNathanson initiated American Express as buy.

  • Stephens downgraded Teladoc to equal weight from overweight.

  • Tudor Pickering Holt downgraded Chevron to hold from buy.

  • Seaport initiated Visa, Square, and Mastercard as buy.

January 19, 2021

Image by visualsofdana

PRICE TARGET

BMO Capital boosted the price target for Facebook, Inc. (NASDAQ:FB) from $270 to $325. Facebook shares rose 2% to $256.45 in pre-market trading.
KeyBanc boosted the price target on Alphabet Inc (NASDAQ:GOOGL) from $1970 to $2060. Alphabet shares rose 0.8% to $1,741.00 in pre-market trading.
Jefferies raised the price target for Graco Inc. (NYSE:GGG) from $65 to $90. Graco shares fell 1.9% to close at $73.54 on Friday.
Goldman Sachs boosted Illinois Tool Works Inc. (NYSE:ITW) price target from $195 to $217. Illinois Tool Works shares rose 2.9% to $209.01 in pre-market trading.
Cowen & Co. boosted Total SE (NYSE:TOT) price target from $40 to $48. Total shares rose 1.7% to $44.97 in pre-market trading.

Image by Jimmy Dean

52 WK HIGH

Johnson & Johnson (NYSE:JNJ) shares achieved a new 52-week high on Tuesday morning, hitting $162.47 with a daily change of up 0.72%.
Eli Lilly (NYSE:LLY) shares were up 2.24% on Tuesday morning to hit a new 52-week high of $196.87.
Texas Instruments (NASDAQ:TXN) shares hit a new 52-week high of $174.37. The stock traded up 2.58% on the session.
HDFC Bank (NYSE:HDB) stock set a new 52-week high of $76.00 Tuesday morning. Over the session, the stock traded up 0.33%.
MercadoLibre (NASDAQ:MELI) shares were up 1.11% on Tuesday morning to hit a new 52-week high of $1,938.17

Image by Dmitriy Frantsev

NEWS

“Think about solar panels today that cost 80% less than they used to,” she said in an interview Monday. “This is where the growth of an industry’s going to come from.”

Businesses, consumers and regulators will be key to that growth, Jay Jacobs, head of research and strategy at Global X ETFs, said in the same “ETF Edge” interview.

So far, clean energy technology investments have done well with all three interest groups, said Jacobs, whose firm runs the Global X CleanTech ETF (CTEC).

April 13, 2021

Grey Cat

PRICE TARGET

Rosenblatt boosted NVIDIA Corporation (NASDAQ:NVDA) price target from $700 to $800. NVIDIA shares fell 0.2% to $607.00 in pre-market trading.
Keybanc boosted the price target on ITT Inc. (NYSE:ITT) from $87 to $105. ITT shares rose 0.3% to close at $91.66 on Monday.
Needham raised the price target on Square, Inc. (NYSE:SQ) from $300 to $310. Square shares rose 0.7% to $267.03 in pre-market trading.
Telsey Advisory Group raised Urban Outfitters, Inc. (NASDAQ:URBN) price target from $40 to $45. Urban Outfitters shares fell 1.7% to $37.50 in pre-market trading.
HC Wainwright & Co. reduced Pulmatrix, Inc. (NASDAQ:PULM) price target from $10 to $5. Pulmatrix shares rose 1.9% to $1.10 in pre-market trading.

Cat Staring Out of Window

52 WK HIGH

Microsoft (NASDAQ:MSFT) shares reached a new 52-week high of $259.18 on Tuesday morning, moving up 1.1%.
NVIDIA (NASDAQ:NVDA) shares were up 2.27% for the day, having made a 52-week high of $624.88.
Oracle (NYSE:ORCL) shares set a new yearly high of $76.50 this morning. The stock was down 0.03% on the session.
Medtronic (NYSE:MDT) shares achieved a new 52-week high on Tuesday morning, hitting $122.34 with a daily change of down 0.04%.
Honeywell International (NYSE:HON) shares hit $229.55 on Tuesday morning, setting a new 52-week high for a change of down 0.45%.

Cat in Basket

NEWS

Its first-quarter total does not include sales of NBA Top Shots — the video highlights that are being turned into NFTs and traded. Those trade on the Flow platform and racked up sales of $472 million in the first quarter, according to NonFungible.com. It also does not include the $69 million NFT sold by Beeple at Christie’s in March, since it was traded through a partnership with Nifty Gateway.

Despite recent data showing a big drop in average prices from February, sales of NFTs at the start of the year showed an explosion of interest and buying. NonFungible.com said there were more than twice as many buyers than sellers in the first quarter, with 73,000 buyers for 33,000 sellers. The imbalance, according to the company, “is a signal of massive interest in newcomers, but also of the desire of current owners to keep their assets, which creates a phenomenon of scarcity in the market.”

May 11, 2021

Image by Sandro Katalina

PRICE TARGET

Deutsche Bank lowered the price target on The Walt Disney Company (NYSE:DIS) from $222 to $213. Disney shares fell 0.1% to $170.02 in pre-market trading.
Raymond James reduced Lumentum Holdings Inc. (NASDAQ:LITE) price target from $93 to $85. Lumentum shares rose 1.1% to $73.00 in pre-market trading.
Citigroup cut the price target on MediaAlpha, Inc. (NYSE:MAX) from $62 to $45. MediaAlpha shares rose 6.6% to close at $37.11 on Friday.
Barclays cut the price target on II-VI Incorporated (NASDAQ:IIVI) from $105 to $65. II-VI shares fell 0.6% to $63.16 in pre-market trading.
Mizuho lifted the price target for Alliant Energy Corporation (NASDAQ:LNT) from $50 to $61. Alliant Energy shares fell 0.5% to close at $56.48 on Monday.

Image by Solen Feyissa

NEWS

Major U.S. stock indexes fluctuated on Tuesday after data showed housing starts dropped sharply last month.

The Dow Jones Industrial Average dipped 100 points, while the S&P 500 fell 0.4% as Big Tech stocks rolled over. The tech-heavy Nasdaq Composite erased earlier gains and traded flat.

Housing starts tumbled 9.5% to a seasonally adjusted annual rate of 1.569 million units last month, the Commerce Department said on Tuesday. Economists polled by Dow Jones had forecast starts falling to a rate of 1.7 million units in April.

Better-than-expected earnings from big retailers helped support sentiment. Walmart shares jumped more than 3% after reporting strong grocery sales and e-commerce growth for the quarter. Macy’s posted a surprise profit and hiked its full-year outlook, but its shares erased earlier gains and turned negative in afternoon trading.

May 3, 2021

Image by Luise and Nic

PRICE TARGET

Canaccord Genuity raised the price target on Tesla, Inc. (NASDAQ:TSLA) from $419 to $1071. Tesla shares rose 1.5% to $687.13 in pre-market trading.
Keybanc lowered the price target on Alibaba Group Holding Limited (NYSE:BABA) from $315 to $305. Alibaba shares rose 5.9% to $236.55 in pre-market trading.
Evercore ISI Group reduced QUALCOMM Incorporated (NASDAQ:QCOM) price target from $195 to $150. QUALCOMM shares fell 0.9% to $139.32 in pre-market trading.
Cowen & Co. boosted the price target on WEX Inc. (NYSE:WEX) from $235 to $268. WEX shares rose 0.3% to $219.97 in pre-market trading.
HC Wainwright & Co. boosted the price target for Repligen Corporation (NASDAQ:RGEN) from $168 to $225. Repligen shares rose 1% to close at $206.10 on Friday.

Image by Dlanor S

NEWS

It’s a ride-hailing head-to-head.

Lyft and Uber are set to report first-quarter earnings this Tuesday and Wednesday, respectively. Lyft’s stock is beating Uber’s by almost double year to date, up 16% versus Uber’s 7.5% gain.

However, Uber looked like the better bet to two technical analysts, they told CNBC’s “Trading Nation” on Monday.

Though she wasn’t keen to add exposure to either “toppy” stock ahead of earnings, Katie Stockton of Fairlead Strategies said Uber’s recent underperformance “positions it better” than its peer.

“The 200-day moving average for Uber is about 15%-16% below” its current trading price, said Stockton, her firm’s founder and managing partner.

“In contrast, the 200-day moving average is about 24% below for Lyft. So, that creates some downside risk in the event that earnings disappoint,” she said.

Uber’s more of a long-term buy than an earnings trade, however, Ari Wald, head of technical analysis at Oppenheimer, said in the same “Trading Nation” interview.

April 12, 2021

Patriotic Hot Dog

PRICE TARGET

Canaccord Genuity raised the price target on Tesla, Inc. (NASDAQ:TSLA) from $419 to $1071. Tesla shares rose 1.5% to $687.13 in pre-market trading.
Keybanc lowered the price target on Alibaba Group Holding Limited (NYSE:BABA) from $315 to $305. Alibaba shares rose 5.9% to $236.55 in pre-market trading.
Evercore ISI Group reduced QUALCOMM Incorporated (NASDAQ:QCOM) price target from $195 to $150. QUALCOMM shares fell 0.9% to $139.32 in pre-market trading.
Cowen & Co. boosted the price target on WEX Inc. (NYSE:WEX) from $235 to $268. WEX shares rose 0.3% to $219.97 in pre-market trading.
HC Wainwright & Co. boosted the price target for Repligen Corporation (NASDAQ:RGEN) from $168 to $225. Repligen shares rose 1% to close at $206.10 on Friday.

Hot Dog and Chips

52 WK HIGH

Alibaba — The U.S.-traded shares of the Chinese internet giant jumped 9.3% after Chinese regulators hit the company with a $2.8 billion fine. The fine amounts to roughly 4% of Alibaba’s 2019 revenue. The action is part of broader scrutiny of internet companies by Chinese regulators.

United Airlines -- Shares of the airline slumped 3.9% after United Airlines announced that it expected to report $3.2 billion in first-quarter revenue, down 66% from the same quarter in 2019. According to FactSet, Wall Street analysts were expecting $3.35 billion.

Chipotle – The chain restaurant’s share price rose 0.6% after Raymond James upgraded the stock to outperform from market perform. The Wall Street firm said Chipotle’s sales have fully participated in the strengthening industry trends over the past tour weeks, adding there’s “significant upside” to stock prices. CNBC’s Jim Cramer said the stock is still a buy, even as it hits an all-time high.

Qualcomm – The chip stock fell 2.2% after Evercore ISI downgraded the company to in line from outperform. Evercore said after Qualcomm’s triple-digit run since the Apple settlement, the lion’s share of the 5G smartphone upcycle is priced into the shares. Qualcomm and Apple settled a royalty and patent dispute in April 2019.

Image by Ball Park Brand

NEWS

The 10 year Treasury yield climbed 6 basis points to top 1.77% earlier Tuesday, the highest level in 14 months as vaccine rollouts and expected infrastructure spending boosted expectations of a broad economic recovery and rising inflation. The benchmark rate last traded flat at 1.73%.

“There’s two different sides to rising rates — is it being driven by fears of inflation or by optimism about the economy? And lately it’s been driven more by optimism about the economy,” said Tom Hainlin, global investment strategist at U.S. Bank Wealth Management.

Investors digested a reading on consumer confidence that far exceeded expectations. The Conference Board’s Consumer Confidence Index surged in March to 109.7, its highest reading in a year. Economists polled by Dow Jones expected the index to rise to 96.8 from 90.4 in February.

Classic reopening plays rallied after the data release. American Airlines jumped 4%, while United Airline popped more than 3%. Carnival, Norwegian Cruise Line and Royal Caribbean all traded at least 3% higher.

Image by Ben Kelsey

PRICE TARGET

Bernstein lifted the price target on The Boeing Company (NYSE:BA) from $196 to $229. Boeing shares rose 0.5% to $236.39 in pre-market trading.
Goldman Sachs cut The Kroger Co. (NYSE:KR) price target from $37 to $31. Kroger shares fell 2.4% to $36.50 in pre-market trading.
DA Davidson raised The Estée Lauder Companies Inc. (NYSE:EL) price target from $348 to $367. Estée Lauder shares rose 0.1% to $289.05 in pre-market trading.
Telsey Advisory Group lifted the price target on McDonald's Corporation (NYSE:MCD) from $250 to $260. McDonald's shares fell 0.2% to $235.01 in pre-market trading.
Baird lifted ON Semiconductor Corporation (NASDAQ:ON) price target from $38 to $48. ON Semiconductor shares rose 1.4% to $38.09 in pre-market trading.

Image by Matteo Catanese

NEWS

SolarEdge was the biggest drag against the fund, dipping 15%. The company reported earnings after the bell on Monday evening. While the company’s results exceeded analyst expectations on both the top and bottom line, SolarEdge warned about margin erosion going forward thanks to higher shipping costs.

“Ocean freight prices have increased by more than 100% over the last months and our pre-negotiated prices have gradually expired and exposed us to higher freight costs worldwide,” Zvi Lando, the company’s chief executive officer, said on the earnings call.

The company did note, however, that it has enough supply to meet demand in the second half of the year. This is in contrast to competitor Enphase Energy, which last week said its second quarter shipments would be constrained by the global chip shortage.

Semiconductors are key components for both battery storage and solar inverters. The shortage has also hit the auto industry, among others, with companies including GM and Ford cutting production at several plants.

May 20, 2021

Image by Solen Feyissa

PRICE TARGET

Telsey Advisory Group raised Burlington Stores, Inc. (NYSE:BURL) price target from $320 to $370. Burlington shares fell 1.1% to close at $321.44 on Thursday.
UBS lowered the price target on Splunk Inc. (NASDAQ:SPLK) from $140 to $125. Splunk shares rose 2.7% to $119.44 in pre-market trading.
Citigroup raised Nielsen Holdings plc (NYSE:NLSN) price target from $27 to $29. Nielsen shares fell 0.2% to $27.18 in pre-market trading.
UBS raised AT&T Inc. (NYSE:T) price target from $32 to $35. AT&T shares rose 1.9% to $30.20 in pre-market trading.
Stifel raised Lamb Weston Holdings, Inc. (NYSE:LW) price target from $80 to $89. Lamb Weston shares rose 0.5% to close at $77.56 on Thursday.

Image by Pawel Czerwinski

NEWS

The S&P 500 erased earlier gains and finished Friday near the flatline as the tech sector came under pressure again amid another drop in bitcoin price.

The broad equity benchmark dipped less than 0.1% to 4,155.86 after rising as much as 0.7% earlier in the day. The Dow Jones Industrial Average climbed 123.69 points, or 0.4%, to 34,207.84, thanks to a jump in Boeing shares. The Nasdaq Composite dipped 0.5% to 13,470.99.

For the week, the S&P 500 fell 0.4% to register its first back-to-back weekly losses since February. The blue-chip Dow dipped 0.5% on the week, while the Nasdaq Composite eked out a 0.3% gain this week, breaking a four-week losing streak.

Bitcoin, which shook markets earlier in the week with a 30% collapse, dropped again on Friday after Chinese Vice Premier Liu He warned about bitcoin mining and trading behavior, saying tighter regulation is needed to protect the financial system. The price last traded 10% lower to around $36,000. Crypto-linked shares including Coinbase and MicroStrategy turned red on the headline and ended the day 3.9% and 4.7% lower, respectively. Tesla fell 1%.

Image by Farzad Mohamadi

PRICE TARGET

Telsey Advisory Group boosted the price target for Dollar General Corporation. (NYSE:DG) from $215 to $225. Dollar General shares fell 3.9% to close at $197.15 on Monday.
Piper Sandler lowered Cimarex Energy Co. (NYSE:XEC) price target from $88 to $67. Cimarex Energy shares fell 7.1% to close at $66.14 on Monday.
Raymond James reduced the price target on Viking Therapeutics, Inc. (NASDAQ:VKTX) from $27 to $12. Viking Therapeutics shares fell 2.6% to $5.72 in pre-market trading.
Wedbush raised Shake Shack Inc. (NYSE:SHAK) price target from $114 to $118. Shake Shack shares rose 5.8% to $89.49 in pre-market trading.
Barclays raised OGE Energy Corp. (NYSE:OGE) price target from $33 to $37. OGE Energy shares fell 0.6% to $33.70 in pre-market trading.

Image by dusan jovic

52 WK HIGH

JPMorgan Chase (NYSE:JPM) stock hit a yearly high price of $165.69. The stock was up 0.26% for the day.
Bank of America (NYSE:BAC) shares hit $43.25 on Tuesday morning, setting a new 52-week high for a change of up 0.27%.
ASML Holding (NASDAQ:ASML) shares achieved a new 52-week high on Tuesday morning, hitting $679.44 with a daily change of up 2.47%.
Toyota Motor (NYSE:TM) shares set a new 52-week high of $163.80 on Tuesday, moving up 0.09%.
Morgan Stanley (NYSE:MS) stock set a new 52-week high of $91.35 Tuesday morning. Over the session, the stock traded up 0.31%.

Image by Anatvida Sukchanta

NEWS

And industry moves such as Apple’s recent software changes that make it easier for users to block advertisers from tracking them look poised to add more fuel to Amazon’s growth. 

“Performance ads on the ecommerce sites fueled by Amazon’s high-intent traffic and unparalleled user insights are providing significant value for sellers and brands,” Loop Capital analysts wrote in the Monday note. 

They also cited Amazon’s presentation at the recent IAB NewFronts that discussed the company’s efforts in the streaming space. Amazon said early this month its ad-supported streaming video content now reaches more than 120 million users every month, driven by platforms such as Twitch. 

“With Amazon’s technology, scale, device reach and connectivity to the consumer, we think these newer efforts are positioned to become a very significant contributor in a relatively short amount of time,” the analysts wrote. “Given the margin profile of digital advertising services at Internet scale, we think this is not being adequately reflected in the stock.”

Canaccord Genuity raised the price target on Tesla, Inc. (NASDAQ:TSLA) from $419 to $1071. Tesla shares rose 1.5% to $687.13 in pre-market trading.
Keybanc lowered the price target on Alibaba Group Holding Limited (NYSE:BABA) from $315 to $305. Alibaba shares rose 5.9% to $236.55 in pre-market trading.
Evercore ISI Group reduced QUALCOMM Incorporated (NASDAQ:QCOM) price target from $195 to $150. QUALCOMM shares fell 0.9% to $139.32 in pre-market trading.
Cowen & Co. boosted the price target on WEX Inc. (NYSE:WEX) from $235 to $268. WEX shares rose 0.3% to $219.97 in pre-market trading.
HC Wainwright & Co. boosted the price target for Repligen Corporation (NASDAQ:RGEN) from $168 to $225. Repligen shares rose 1% to close at $206.10 on Friday.

Image by Kelly Sikkema

PRICE TARGET

Citigroup cut the price target for AutoZone, Inc. (NYSE:AZO) from $1,700 to $1,636. AutoZone shares rose 0.3% to close at $1,410.85 on Tuesday.
Barclays raised the price target for Sanderson Farms, Inc. (NASDAQ:SAFM) from $170 to $175. Sanderson Farms shares rose 2.1% to close at $166.11 on Tuesday.
Wells Fargo boosted Costco Wholesale Corporation (NASDAQ:COST) price target from $400 to $415. Costco shares rose 0.1% to $378.38 in pre-market trading.
Goldman Sachs lowered GSX Techedu Inc. (NYSE:GOTU) price target from $60 to $20. GSX Techedu shares fell 2.1% to $17.71 in pre-market trading.
JP Morgan boosted Coca-Cola Europacific Partners PLC (NYSE:CCEP) price target from $49 to $70. Coca-Cola Europacific Partners shares rose 1.3% to $61.44 in pre-market trading.

Image by Pedro Monteiro

NEWS

At one point, AMC’s stock spiked as high as $72.62, far above its previous intraday high of $36.72, which occurred on Friday.

Trading was halted several times during the day as shares soared more than 100% to reach these new heights. At the end of the day more than 710 million shares were exchanged during trading, nearly double the number of AMC’s shares outstanding. The company’s 30-day average volume is 143 million shares.

The manic activity comes despite a report that a hedge fund had sold its stake in the movie theater company. On Tuesday, AMC reported it had sold 8.5 million newly issued shares to Mudrick Capital, the latest in a series of capital raises for the stock, a favorite of Reddit traders. The hedge fund later turned around and sold all of its AMC stock for a profit, according to Bloomberg News.

AMC said in a securities filing that it raised $230.5 million through a stock sale to the investment firm. The movie theater operator said it would use the funds for potential acquisitions, upgrading its theaters and deleveraging its balance sheet.

June 2, 2021