PRICE TARGETS

May 5, 2020

  • Needham lowered the price target on Booking Holdings Inc (BKNG) from $2,000 to $1,750. Booking shares closed at $1,413.30 on Monday.

  •  

  • KeyBanc raised Intuit Inc. (INTU) price target from $275 to $285. Intuit shares closed at $267.78 on Monday.

  •  

  • B of A Securities lowered the price target for Tyson Foods, Inc. (TSN) from $70 to $60. Tyson Foods shares closed at $55.32 on Monday.

  •  

  • Raymond James boosted the price target for Willis Towers Watson PLC (WLTW) from $180 to $200. Willis Towers Watson closed at $183.54 on Monday.

  •  

  • B. Riley FBR cut the price target on Carvana Co (CVNA) from $125 to $105. Carvana closed at $80.01 on Monday.

52 WEEK LOWS

May 5, 2020

  • Hertz Global Holdings (HTZ) stock fell to a new 52-week low on Tuesday morning at $2.80, and later moved down 17.94% over the session

  • .

  • Front Yard Residential (RESI) stock hit a new 52-week low of $7.55 to begin trading. The stock was down 4.82% on the session

  • .

  • Gogo (GOGO) shares began trading with a new 52-week low of $1.41 on Tuesday. The stock was down 0.68% for the day.

  •  

  • Biofrontera (BFRA) shares reached a new 52-week low of $5.80 on Tuesday morning.

  •  

  • OptimumBank Hldgs (OPHC) shares set a new yearly low of $1.69 this morning. The stock was down 9.79% on the session.

COFFEE

May 5, 2020

PRICE TARGETS

May 6, 2020

  • Needham lifted the price target on Electronic Arts Inc. (EA) from $120 to $135. Electronic Arts closed at $119.61 on Tuesday.

  •  

  • Citigroup boosted the price target for Snap Inc (SNAP) from $10 to $14. Snap closed at $17.51 on Tuesday.

  •  

  • DA Davidson raised Planet Fitness Inc (PLNT) price target from $60 to $70. Planet Fitness closed at $57.08 on Tuesday.

  •  

  • SVB Leerink boosted the price target for Regeneron Pharmaceuticals Inc (REGN) from $604 to $622. Regeneron Pharmaceuticals shares closed at $574.37 on Tuesday.

  •  

  • H.C. Wainwright raised the price target on Deciphera Pharmaceuticals Inc (DCPH) from $60 to $80. Deciphera Pharmaceuticals shares closed at $57.15 on Tuesday.

52 WEEK LOWS

May 6, 2020

  • JC Penney Co (JCP) shares fell to $0.19 on Wednesday morning, setting a new 52-week low. Shares then moved down 9.33%.

  •  

  • Southwest Airlines (LUV) shares began trading with a new 52-week low of $25.22 on Wednesday. The stock was down 3.71% for the day.

  •  

  • Great Western Bancorp (GWB) shares moved down 3.06% on Wednesday's session after setting a new 52-week low of $14.44 to begin trading.

  •  

  • Front Yard Residential (RESI) stock hit a yearly low of $6.93 this morning. The stock was down 2.47% for the day.

  •  

  • Star Bulk Carriers (SBLK) )stock moved down 7.01% over Wednesday's trading session after setting a new 52-week low of $4.50 to open trading.

COFFEE

May 6, 2020

  • The Student Loan Forgiveness for Frontline Health Workers Act, co-signed by nine other House Democrats, would forgive the outstanding balance of interest and principal due on the federal and private student loans of qualifying frontline health-care workers. 

  • The bill defines a frontline health-care worker as someone who is “certified under federal or state law to provide health-care services and who provides COVID-related health-care services” including doctors, medical residents, medical interns, medical fellows, nurses, home health-care workers and mental health professionals. 

  • https://www.cnbc.com/2020/05/06/bill-to-cancel-student-debt-of-health-care-workers-fighting-coronavirus-introduced-in-house.html

PRICE TARGETS

May 18, 2020

  • Wedbush raised the price target for Williams-Sonoma, Inc. (WSM) from $46 to $80. Williams-Sonoma closed at $66.52 on Friday.

  •  

  • BMO Capital boosted NVIDIA Corporation (NVDA) price target from $285 to $425. NVIDIA closed at $339.63 on Friday.

  •  

  • KeyBanc lifted the price target on Ollie's Bargain Outlet Holdings Inc (OLLI) from $74 to $80. Ollie's Bargain shares closed at $73.45 on Friday.

  •  

  • Piper Sandler cut Capri Holdings Ltd (CPRI) price target from $21 to $16. Capri Holdings closed at $12.87 on Friday.

  •  

  • B. Riley FBR lowered the price target for Cinemark Holdings, Inc. (CNK) from $16 to $13. Cinemark closed at $11.88 on Friday.

52 WEEK HIGHS

May 18, 2020

  • Home Depot (HD) shares hit a yearly high of $247.49. The stock traded up 2.76% on the session.

  •  

  • NVIDIA (NVDA) stock hit a yearly high price of $356.66. The stock was up 2.74% for the day.

  •  

  • Moderna (MRNA) shares were up 23.06% on Monday to hit a new 52-week high of $87.00 for a change of up 23.06%.

  • Dollar General (DG) shares were up 0.68% on Monday morning to hit a new 52-week high of $185.00.

  • Papa John's International (PZZA) shares reached a new 52-week high of $84.30 on Monday morning.

MEDITATE

May 18, 2020

  • Twitter and Square CEO Jack Dorsey and Microsoft co-founder Bill Gates both recommend reading the same book about meditation for handling stress and uncertainty: “21 Lessons for the 21st Century” by historian and philosopher, Yuval Noah Harari.

  • The book contains essays about the “future of humankind,” and how society is challenged and impacted by technology and information. Harari’s suggestion is to use meditation to address the many worries or anxieties that we may have about the future, including topics like climate change, terrorism, artificial intelligence and privacy.

  • https://www.cnbc.com/2020/05/16/jack-dorsey-bill-gates-both-recommend-book-about-meditation.html

PRICE TARGETS

May 7, 2020

  • Price Target Changes

  •  

  • Mizuho lifted the price target for Shopify Inc (SHOP) from $350 to $600. Shopify closed at $733.53 on Wednesday.

  •  

  • Deutsche Bank cut the price target for Dillard's, Inc. (DDS) from $36 to $18. Dillard's closed at $25.77 on Wednesday.

  •  

  • Morgan Stanley lifted the price target on CVS Health Corp (CVS) from $71 to $77. CVS Health closed at $60.41 on Wednesday.

  •  

  • RBC Capital boosted the price target for Twilio Inc (TWLO) from $140 to $180. Twilio shares closed at $122.40 on Wednesday.

  •  

  • Cowen & Co lowered Ralph Lauren Corp (RL) price target from $88 to $76. Ralph Lauren closed at $71.13 on Wednesday.

52 WEEK LOWS

May 7, 2020

  • Stocks making moves in Thursday's Mid-day Session

  •  

  • Twilio Inc. (TWLO) jumped 34.8% to $164.95 after the company reported better-than-expected Q1 results. The company also issued Q2 guidance above estimates.

  •  

  • LYFT Inc (LYFT) gained 23.7% to $32.31 after the company reported better-than-expected Q1 sales. The company also reported active riders increased 3% year over year.

  •  

  • Peloton Interactive, Inc. (PTON) rose 15.7% to $44.01 after the company reported better-than-expected Q3 sales. The company issued FY20 sales guidance above estimates and reported total members grew to over 2.6 million.

  • ViacomCBS Inc. (VIAC) climbed 16.1% to $17.27 after the company reported better-than-expected Q1 results.

STICKER SHOCK

May 7, 2020

  • CNBC’s Jim Cramer said he’s gained confidence in Moderna’s potential coronavirus vaccine after Dr. Anthony Fauci expressed optimism about the biotech’s approach.

  • “I have felt not to get bullish on a vaccine until Fauci said, ‘Get bullish,’” said Cramer, suggesting the White House advisor’s positive comments may be that bullish call.

  • Moderna announced Thursday that the Food and Drug Administration has given it approval to begin phase two trials on the potential vaccine.

  • https://www.cnbc.com/2020/05/07/cramer-encouraged-by-fauci-praise-of-moderna-coronavirus-vaccine-tech.html

PRICE TARGETS

May 8, 2020

  • JP Morgan cut the price target for Motorola Solutions Inc (MSI) from $168 to $130. Motorola Solutions closed at $136.21 on Thursday.

  •  

  • Citigroup lifted the price target for Square Inc (SQ) from $50 to $66. Square closed at $74.62 on Thursday.

  •  

  • RBC Capital boosted the price target for Trade Desk Inc (TTD) from $225 to $300. Trade Desk shares closed at $322.50 on Thursday.

  •  

  • ScotiaBank cut PriceSmart, Inc. (PSMT) price target from $86 to $65. PriceSmart shares closed at $56.12 on Thursday.

  •  

  • KeyBanc lowered Aaron's, Inc. (AAN) price target from $66 to $55. Aaron's closed at $33.35 on Thursday.

52 WEEK HIGHS

May 8, 2020

  • ServiceNow (NOW) shares achieved a new 52-week high on Friday morning, hitting $386.68 with a daily change of up 0.52%.

  •  

  • Newmont (NEM) shares hit a yearly high of $66.06. The stock traded up 1.21% on the session.

  •  

  • Atlassian Corporation (TEAM) shares achieved a new 52-week high on Friday morning, hitting $180.69 with a daily change of down 0.14%.

  •  

  • Twilio (TWLO) shares broke to a new 52-week high of $177.04 on Friday. Shares of the company traded up 2.3%.

  •  

  • Wayfair (W) shares hit a new 52-week high of $183.98. The stock traded up 3.07% on the session.

DREAM ON

May 8, 2020

  • Tesla — Tesla stock jumped 4.8% in midday trading after CEO Elon Musk told employees in an e-mail that the electric car maker would try to restart production at its U.S. plant in Fremont, California, on Friday afternoon. A separate email from Tesla HR chief Valerie Capers Workman said the Fremont facility would be bringing back around 30% of employees normally working. Tesla’s stock is up more than 10% from its close on May 1, the day Musk tweeted that he thought the company’s stock was overvalued.

  • https://www.cnbc.com/2020/05/08/stocks-making-the-biggest-moves-midday-tesla-uber-mgm-resorts-more.html

PRICE TARGETS

March 23, 2020

B of A Securities cut the price target for The Goldman Sachs Group, Inc. (GS) from $197 to $154. Goldman Sachs closed at $138.41 on Friday.

 

Longbow Research raised the price target for Domino's Pizza, Inc. (DPZ) from $351 to $378. Domino's shares closed at $299.95 on Friday.

 

UBS lowered the price target for PPG Industries, Inc. (PPG) from $141 to $110. PPG closed at $79.72 on Friday.

 

Wells Fargo cut Bausch Health Companies Inc. (BHC) price target from $32 to $17. Bausch Health shares closed at $13.66 on Friday.

 

B. Riley FBR lowered the price target for Six Flags Entertainment Corporation (SIX) from $28 to $13. Six Flags Entertainment shares closed at $11.80 on Friday.

SOLUTIONS

March 23, 2020

https://www.cnbc.com/2020/03/23/coronavirus-updates-talks-on-senate-stimulus-bill-continue-vote-pushed-to-noon.html

  • Democrats and Republicans continue to negotiate terms on a massive stimulus package, two Senate aides told CNBC.

  • The measure again failed a key procedural vote in the Senate on Monday afternoon, as there were major differences between the two parties over what to include in the final legislation.

  • Senate Democrats have criticized the $500 billion fund that the Republican proposal sets aside for distressed businesses, calling it a bailout fund “with no strings attached.”

52 WEEK LOWS

March 23, 2020

Alphabet(GOOG)shares were down 3.51% over the session, having began the day with a 52-week low of $1,014.15.

 

Visa(V)stock dropped to a yearly low on Monday morning of $136.17. Shares then traded down 4.2%.

 

Johnson & Johnson(JNJ)shares hit a yearly low of $113.20 today morning. The stock was down 1.46% on the session.

 

Mastercard(MA)shares reached a new 52-week low of $200.00 on Monday morning, later moving down 1.7% over the rest of the day.

 

UnitedHealth Group(UNH)shares hit a yearly low of $195.65 today morning. The stock was down 3.81% on the session.

PRICE TARGETS

March 30, 2020

  • Raymond James lowered the price target for KB Home (KBH) from $42 to $26. KB Home closed at $17.95 on Friday.

  •  

  • Needham cut Medtronic plc (MDT) price target from $134 to $109. Medtronic shares closed at $89.89 on Friday.

  •  

  • B. Riley FBR cut Mogo Inc. (MOGO) price target from $7 to $4. Mogo closed at $1.05 on Friday.

  •  

  • Jefferies raised the price target for Kimberly-Clark Corporation (KMB) from $145 to $149. Kimberly-Clark closed at $124.89 on Friday.

  •  

  • Needham cut ViacomCBS Inc. (VIAC) price target from $50 to $20. ViacomCBS shares closed at $12.79 on Friday.

MOVERS & SHAKERS

March 30, 2020

  • Gold Fields Limited (GFI) rose 12.1% to $5.62 after dipping 11% on Friday.

  •  

  • Athersys, Inc. (ATHX ) gained 15.8% to $2.27 after HEALIOS K.K. bought 4 million shares at an average price of $1.76 per share.

  •  

  • Natera, Inc. (NTRA) gained 11.1% to $28.29.

  •  

  • Allied Healthcare Products, Inc. (AHPI) shares rose 9.3% to $18.89.

  •  

  • Abbott Laboratories (ABT) rose 8.2% to $80.64 after the company announced the FDA issued Emergency Use Authorization to launch its test that can detect coronavirus within 5 minutes.

DREAM IS A WISH

March 30, 2020

PRICE TARGETS

March 25, 2020

DIS

Walt Disney Co

103.54+5.42 (+5.52%)Link to symbolSBGI

Sinclair Broadcast Group Inc

20.02+3.79 (+23.35%)Link to symbolVMW

VMware Inc

118.93+6.40 (+5.69%)Link to symbolPLAN

Anaplan Inc

35.07+3.46 (+10.95%)Link to symbolCVS

CVS Health Corp

55.30+0.95 (+1.75%)Link to symbolSPR

Spirit AeroSystems Holdings Inc

32.82+7.24 (+28.30%)Link to symbolNSP

Insperity Inc

35.64+0.42 (+1.19%)Link to symbolMYGN

Myriad Genetics Inc

14.60+0.74 (+5.34%)

DOWDY

March 25, 2020

The Dow Jones Industrial Average jumped 14% in two days as a coronavirus stimulus deal was passed by Congress. Positive comments from New York Gov. Andrew Cuomo and a former Federal Reserve chief also lifted equities.

The 30-stock average climbed more than 3%, on Wednesday. The S&P 500 was up by about 1.5%. The Nasdaq Composite dipped 0.2%, however. Boeing shares rallied 30% to lead the Dow higher. A 10.6% gain in Nike also boosted the Dow. 

JOB ONE

March 24=5, 2020

  • The shutdown of large swaths of the economy has resulted in what is expected to be the largest layoff of American workers ever in a short period of time.

  • An unprecedented number of unemployment claims, many from the hospitality sector, are estimated to have been filed in the past week with many more in coming weeks.

  • Economists forecast about 1 million to 4 million claims were filed. 

  • The claims number are released Thursday at 8:30 a.m. ET.

PRICE TARGETS

March 24, 2020

Citigroup lowered the price target for General Motors Company (GM) from $68 to $53. GM shares closed at $17.60 on Monday.

 

Argus Research cut the price target on Merck & Co., Inc. (MRK) from $105 to $95. Merck closed at $66.40 on Monday.

 

Wedbush cut the price target for Deckers Outdoor Corporation (DECK) from $170 to $145. Deckers Outdoor closed at $113.69 on Monday.

 

Deutsche Bank raised the price target for Teladoc Health, Inc. (TDOC) from $142 to $192. Teladoc Health shares closed at $167.44 on Monday.

 

Raymond James lowered the price target for Phillips 66 (PSX) from $110 to $69. Phillips 66 closed at $42.09 on Monday.

NVIDIA NOTES

March 24, 2020

Needham Upgrades NVIDIA To Buy, Announces $270 Target Notes 'During this uncertain time, superior balance sheets remain supreme'; Firm Believes 'GPUs for medical applications will ramp in light of the COVID-19 pandemic'

Needham On NVIDIA Notes 'we believe the transition to AI, whether from hyperscalers, enterprise or verticals, will accelerate during this COVID-19 outbreak as the shift to private and public cloud will grow'

SOLUTIONS

March 24, 2020

As Republicans and Democrats forged ahead toward a deal on a massive economic stimulus proposal to combat the effects of the coronavirus pandemic, details of the developing proposal started to emerge. 

Here are some of the top components of the plan as it stood Tuesday morning, according to congressional leaders:

  • Cash payments of up to $2,400 for married couples and $500 per child

  • A $350 billion fund for small businesses to mitigate layoffs and support payroll

  • $240 billion in health care relief

  • $75 billion in aid for hospitals

Live updates on Coronavirus and stimulus bill

https://www.cnbc.com/2020/03/24/coronavirus-live-updates.html

PRICE TARGETS

March 27, 2020

  • RBC Capital boosted the price target for Lululemon Athletica Inc. (LULU) from $195 to $225. Lululemon closed at $200.80 on Thursday.

  •  

  • KeyBanc cut McDonald's Corporation (MCD) price target from $235 to $200. McDonald's shares closed at $167.35 on Thursday.

  •  

  • Cantor Fitzgerald lowered the price target for Square, Inc. (SQ) from $91 to $66. Square shares closed at $56.03 on Thursday.

  •  

  • Longbow Research lowered the price target on The Wendy's Company (WEN) from $25 to $19. Wendy's closed at $13.95 on Thursday.

  •  

  • Piper Sandler cut the price target on Schlumberger Limited (SLB) from $43 to $17. Schlumberger closed at $15.52 on Thursday.

MARKET CAP

March 27, 2020

  • ECMOHO(MOHO) was the largest firm on a market cap basis to set a new 52-week high.

  • The company with the smallest market cap to set a new 52-week high was Aptevo Therapeutics(APVO).

  • Market capitalization refers to the total dollar market value of a company's outstanding shares of stock. Commonly referred to as "market cap," it is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share. As an example, a company with 10 million shares selling for $100 each would have a market cap of $1 billion. The investment community uses this figure to determine a company's size, as opposed to using sales or total asset figures.

APP APPLE

March 27, 2020

  • Apple has developed a new website and app that will provide a screening tool for COVID-19 symptoms as well as up-to-date information from trusted sources about the coronavirus outbreak. 

  • The software announced Friday was developed in partnership with the Centers for Disease Control and Prevention, the White House-led coronavirus task force and the Federal Emergency Management Agency. 

  • Apple is not providing any tests. 

  •  

  • CNBC's breaking news on Apple's new Coronavirus Information App

  •  

  • https://www.cnbc.com/2020/03/27/apple-announces-covid-19-screening-app-with-cdc-and-white-house.html 

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