November 30, 2020

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.

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.

 

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.

December 29, 2020

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.

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.

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 30, 2020

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.

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.

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 1, 2020

PRICE TARGET

Rosenblatt lowered Zoom Video Communications Inc. (ZM) price target from $450 to $435. Zoom shares fell 6.8% to $445.89 in pre-market trading.
Morgan Stanley raised the price target on NCR Corporation (NCR) from $25 to $34. NCR shares fell 3.4% to close at $27.67 on Monday.
RBC Capital lifted IHS Markit Ltd (INFO) price target from $90 to $100. IHS Markit shares rose 1.3% to $100.75 in pre-market trading.
Needham raised the price target for Micron Technology, Inc. (MU) from $65 to $80. Micron shares rose 1% to $64.72 in pre-market trading.
HC Wainwright & Co. lowered the price target for SAGE Therapeutics Inc (SAGE) from $81 to $74. SAGE Therapeutics shares fell 2% to close at $74.09 on Monday.

52 WK HIGH

Walmart (WMT) shares were down 0.24% for the day, having made a 52-week high of $153.66.
PayPal Holdings (PYPL) stock set a new 52-week high of $220.57 Tuesday morning. Over the session, the stock traded up 2.6%.
Nike (NKE) shares broke to a new 52-week high of $136.50 on Tuesday. Shares of the company traded up 1.16%.
ASML Holding (ASML) shares were up 1.96% on Tuesday morning to hit a new 52-week high of $447.94.
AbbVie (ABBV) shares set a new 52-week high of $106.25 on Tuesday, moving up 0.79%.

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.

December 11, 2020

PRICE TARGET

Jefferies boosted the price target on Tesla Inc (TSLA) from $500 to $650. Tesla shares fell 2.2% to $613.46 in pre-market trading.
KeyBanc raised the price target on Broadcom Inc (AVGO) from $410 to $470. Broadcom shares fell 2.7% to $399.00 in pre-market trading.
Piper Sandler raised Oracle Corporation (ORCL) price target from $50 to $57. Oracle shares rose 0.1% to $59.51 in pre-market trading.
SVB Leerink lifted the price target for Edwards Lifesciences Corp (EW) from $100 to $106. Edwards Lifesciences shares rose 0.5% to $87.19 in pre-market trading.
Needham boosted the price target for MKS Instruments, Inc. (MKSI) from $145 to $175. MKS Instruments shares fell 0.7% to close at $149.07 on Thursday.

52 WK HIGH

Walt Disney (DIS) shares were up 10.06% on Friday morning to hit a new 52-week high of $171.74.
Toyota Motor (TM) shares achieved a new 52-week high on Friday morning, hitting $150.93 with a daily change of up 4.56%.
Square (SQ) shares achieved a new 52-week high on Friday morning, hitting $222.20 with a daily change of up 1.29%.
Snap (SNAP) shares were down 0.9% for the day, having made a 52-week high of $53.40.
Spotify Technology (SPOT) stock made a new 52-week high of $346.44 Friday. The stock was down 1.01% for the day.

NEWS

  • CNBC’s Jim Cramer criticized investment banks for their handling of recent IPOs from Airbnb and DoorDash.

  • Both companies saw massive jumps in their stock prices during their first days of trading.

  • “I don’t want to say that the market is broken, but the process of how we’re doing these deals is definitely broken,” Cramer said.

December 28, 2020

PRICE TARGET

KeyBanc lifted the price target for Sunrun Inc (RUN) from $52 to $74. Sunrun shares rose 0.6% to $69.00 in pre-market trading.
HC Wainwright & Co. boosted SpringWorks Therapeutics Inc (SWTX) price target from $73 to $87. SpringWorks Therapeutics shares fell 3.5% to close at $74.63 on Thursday.
Needham lifted Anaplan Inc (PLAN) price target from $85 to $95. Anaplan shares dropped 0.7% to close at $72.72 on Thursday.
HC Wainwright & Co. lowered SCYNEXIS Inc (SCYX) price target from $35 to $20. SCYNEXIS shares rose 1.3% to close at $7.14 on Thursday.
KeyBanc boosted the price target on Sunnova Energy International Inc (NOVA) from $28 to $52. Sunnova Energy shares rose 0.4% to $46.00 in pre-market trading.

52 WK HIGH

Taiwan Semiconductor (TSM) stock set a new 52-week high of $108.17 Monday morning. Over the session, the stock traded up 1.7%.
ASML Holding (ASML) shares hit a yearly high of $488.72. The stock traded up 0.88% on the session.
Broadcom (AVGO) shares broke to a new 52-week high of $437.27 on Monday. Shares of the company traded up 0.86%.
T-Mobile US (TMUS) shares hit a yearly high of $134.76. The stock traded down 0.33% on the session.
Intuit (INTU) stock on Monday broke to a yearly high of $387.94. Shares traded up 0.44%.

NEWS

  • “It reminded us so much about 1998 — the late ’90s,” the firm’s head of equity strategy told CNBC’s “Trading Nation” last week. “AOL, similar to Tesla had a game-changing technology, incredible performance [and] it goes into the [S&P 500] index late in the year in December after an amazing run. But it was a seminal event.”

  • AOL, the former king of media, saw its influence unravel because it failed to keep up with the rapid pace of technology. Harvey warns that the electric auto maker could suffer a similar fate. His warning comes as Apple looks to take on Tesla by producing its own self-driving vehicle by 2024.

December 9, 2020

PRICE TARGET

Wedbush raised Apple Inc (AAPL) price target from $150 to $160. Apple shares fell 0.1% to $124.34 in pre-market trading.
Needham raised the price target on Chewy Inc (CHWY) from $75 to $90. Chewy shares fell 1% to $78.40 in pre-market trading.
SVB Leerink boosted Amgen, Inc. (AMGN) price target from $243 to $253. Amgen shares rose 0.3% to $229.51 in pre-market trading.
Raymond James lifted Lululemon Athletica Inc (LULU) price target from $400 to $500. Lululemon Athletica shares rose 0.1% to $371.50 in pre-market trading.
JP Morgan raised Array Technologies Inc (ARRY) price target from $38 to $41. Array Technologies shares rose 3.5% to $37.85 in pre-market trading.

52 WK HIGH

Tesla (TSLA) shares hit $654.32 on Wednesday morning, setting a new 52-week high.
Walt Disney (DIS) shares broke to $157.45 on Wednesday, setting a new 52-week high with a change of up 2.29%.
Pfizer (PFE) shares hit a yearly high of $43.08. The stock traded up 0.18% on the session.
Nike (NKE) shares reached a new 52-week high of $140.56 on Wednesday morning, moving up 0.73%.
Pinduoduo (PDD) shares hit a yearly high of $163.10. The stock traded down 0.97% on the session.

NEWS

  • CNBC’s Jim Cramer said Wednesday he believes there is “rabid money” interested in upcoming technology IPOs, but he urged younger investors not to chase after DoorDash once the third-party delivery company goes public.

  • “When people know the brand, the younger investors just say, ‘You know what, get me some,’” Cramer said on “Squawk on the Street,” “DoorDash is used by a lot of younger people, both in the suburbs and in the cities, so I think you’re going to see incredible enthusiasm.”

December 14, 2020

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.

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%.

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.

December 21, 2020

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.

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.

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.

December 10, 2020

PRICE TARGET

Stephens & Co. raised the price target on Starbucks Corporation (SBUX) from $86 to $100. Starbucks shares rose 3.1% to $103.54 in pre-market trading.
HC Wainwright & Co. boosted BridgeBio Pharma Inc (BBIO) price target from $53 to $64. BridgeBio Pharma shares rose 0.3% to close at $56.86 on Wednesday.
SVB Leerink lifted Agilent Technologies Inc (A) price target from $120 to $130. Agilent shares fell 0.5% to close at $116.40 on Wednesday.
Needham raised Zscaler Inc (ZS) price target from $190 to $215. Zscaler shares fell 1.5% to $174.00 in pre-market trading.
Morgan Stanley lifted the price target for ArcBest Corp (ARCB) from $35 to $55. ArcBest shares fell 1.1% to close at $44.24 on Wednesday.

52 WK HIGH

BHP Group (BHP) shares were up 2.37% on Thursday to hit a new 52-week high of $64.73 for a change of up 2.37%.
BHP Gr (BBL) shares hit a new 52-week high of $52.79. The stock traded up 2.04% on the session.
Starbucks (SBUX) stock hit a yearly high price of $105.09. The stock was up 4.37% for the day.
Royal Bank of Canada (RY) shares were up 0.98% on Thursday to hit a new 52-week high of $84.00 for a change of up 0.98%.
Vale (VALE) stock set a new 52-week high of $16.76 Thursday morning. Over the session, the stock traded up 3.57%.

NEWS

  • rizon and IBM each fell at least 1% to lead the Dow lower. Industrials dragged down the S&P 500, pulling back by 0.9%.

  • House Speaker Nancy Pelosi told reporters Thursday that bipartisan negotiations were leading to “great progress” for an additional government aid package. However, Pelosi added that both sides were still debating over a liability waiver for businesses.

  • Democrats again endorsed a $908 billion bipartisan stimulus proposal, but Politico reported that Senate Majority Leader Mitch McConnell’s staff told other congressional leaders’ offices that senate Republicans would not support the measure.

December 7, 2020

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.

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.

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 2, 2020

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.

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%.

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.

December 22, 2020

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.

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%.

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 8, 2020

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.

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%.

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.

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.

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

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).

January 19, 2021

January 25, 2021

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.

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%.

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.

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.

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.

 

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

January 26, 2021

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.

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%.

 

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.

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