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Copyright ©2020 Wilson David Investment Advisors. All rights reserved. For informational purposes only. Past success does not indicate the likelihood of success in future performance.

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.

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.

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.”

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.

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

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

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

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  • 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.

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  • 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.

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

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

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  • 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 27, 2020

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

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

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

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

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  • 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. 

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

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

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