July 21, 2020
PRICE TARGET
Mizuho raised the price target on Alphabet Inc (GOOGL) from $1650 to $1750. Alphabet shares rose 0.1% to $1,564.00 in pre-market trading.
B. Riley FBR raised the price target for Lam Research Corporation (LRCX) from $270 to $435. Lam Research shares rose 2.8% to $363.60 in pre-market trading.
Needham raised the price target on Skyworks Solutions Inc (SWKS) from $125 to $170. Skyworks Solutions shares rose 0.2% to $138.00 in pre-market trading.
KeyBanc cut the price target for Consolidated Edison, Inc. (ED) from $92 to $80. Consolidated Edison shares rose 0.5% to $73.64 in pre-market trading.
Piper Sandler boosted the price target for Parsley Energy Inc (PE) from $8 to $17. Parsley Energy shares rose 2.7% to $10.95 in pre-market trading.
52-WEEK HI
Coca-Cola Co (KO) reported stronger-than-expected earnings for its second quarter.
Coca-Cola posted quarterly earnings of $0.42 per share, beating analysts’ estimates of $0.40 per share. The company reported sales of $7.20 billion, also exceeding expectations of $7.18 billion.
WELL,...
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Shares of Facebook, Amazon, Netflix, Microsoft and Apple were all down more than 1%. This muted performance comes after a big run-up in July. These stock are all up at least 2.5% month to date. Bank stocks — which have taken a beating this year — rose broadly. JPMorgan Chase advanced 2.17% and Bank of America climbed 3.56%. Delta Airlines advanced 0.80% and United Airlines climbed 2.29%. “The price action is the reverse of Monday directionally as cyclicals/value outperform while investors book profits in growth/momentum,” said one trader.
July 29, 2020
PRICE TARGET
Barclays boosted the price target for Starbucks Corporation (SBUX) from $88 to $94. Starbucks shares rose 5.5% to $78.75 in pre-market trading.
Rosenblatt raised the price target on Advanced Micro Devices, Inc. (AMD) from $70 to $120. Advanced Micro Devices shares rose 11.6% to $75.48 in pre-market trading.
Morgan Stanley raised 3M Co (MMM) price target from $160 to $166. 3M shares fell 4.9% to close at $155.33 on Tuesday.
KeyBanc raised the price target on D. R. Horton Inc (DHI) from $58 to $75. D. R. Horton shares rose 1% to $65.20 in pre-market trading.
SVB Leerink lifted the price target for Amgen, Inc. (AMGN) from $253 to $261. Amgen shares fell 1.5% to $251.50 in pre-market trading.
52-WEEK HI
Abbott Laboratories(ABT)shares hit a yearly high of $102.03. The stock traded up 1.87% on the session.
Shopify(SHOP)shares hit a yearly high of $1,107.38. The stock traded up 9.55% on the session.
American Tower(AMT)shares broke to a new 52-week high of $272.00 on Wednesday. Shares of the company traded up 0.96%.
Prologis(PLD)stock set a new 52-week high of $103.98 Wednesday morning. Over the session, the stock traded up 1.26%.
Equinix(EQIX)shares broke to $766.22 on Wednesday, setting a new 52-week high with a change of up 1.66%.
WELL,...
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General Electric — Shares of General Electric fell more than 4% after the industrial giant reported a bigger-than-expected loss for the second quarter. GE posted a loss of 15 cents per share, which is bigger than the loss of 10 cents a share forecast by Refinitiv. The company’s revenue, however, was slightly ahead of estimates.
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Wingstop — Shares of the restaurant chain jumped 15% after the company beat estimates on the top and bottom lines with its second-quarter results. Wingstop reported 39 cents in earnings per share on $66.1 million of revenue, and system-wide revenue rose 37% to $509 million. Analysts surveyed by FactSet expected earnings of 29 cents per share and revenues of $62.4 million.
July 30, 2020
PRICE TARGET
Morgan Stanley lifted the price target for QUALCOMM, Inc. (QCOM) from $102 to $121. QUALCOMM shares rose 11.3% to $103.50 in pre-market trading.
KeyBanc boosted the price target for Paypal Holdings Inc (PYPL) from $200 to $215. Paypal shares rose 3% to $190.00 in pre-market trading.
Rosenblatt raised the price target on Shopify Inc (SHOP) from $860 to $1400. Shopify shares fell 0.4% to $1,049.00 in pre-market trading.
Citigroup boosted the price target for CH Robinson Worldwide Inc (CHRW) from $85 to $95. CH Robinson shares rose 9.3% to close at $95.28 on Wednesday.
Needham boosted the price target for Lam Research Corporation (LRCX) from $325 to $400. Lam Research shares rose 0.9% to $364.00 in pre-market trading.
52-WEEK HI
Procter & Gamble(PG)shares broke to $130.92 on Thursday, setting a new 52-week high with a change of up 1.37%.
PayPal Holdings(PYPL)stock hit a yearly high price of $198.64. The stock was up 3.82% for the day.
Qualcomm(QCOM)shares reached a new 52-week high of $103.98 on Thursday morning, moving up 10.64%.
United Parcel Service(UPS)stock on Thursday broke to a yearly high of $140.95. Shares traded up 11.88%.
Equinix (EQIX)stock on Thursday broke to a yearly high of $787.70. Shares traded up 0.63%.
DISNEY DARLING
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Shares of Amazon, Apple and Facebook are up significantly after their earnings reports, potentially setting up the market for a strong start during Friday’s session. Here’s where the indexes stood as of 4 p.m.
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S&P 500 closed down 0.38% on Thursday, but was up 0.95% for the week and 4.71% month to date
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Nasdaq Composite closed up 0.43% on Thursday, pushing its gains to 2.17% for the week and 5.26% for July
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The Dow closed down 0.85% on Thursday and is down 0.59% for the week. It has gained 1.94% month to date.
July 22, 2020
PRICE TARGET
Credit Suisse raised the price target for Texas Instruments Incorporated (TXN) from $140 to $155. Texas Instruments shares rose 1.3% to $137.20 in pre-market trading.
UBS raised the price target on Intuitive Surgical, Inc. (ISRG) from $565 to $670. Intuitive Surgical shares rose 2.5% to $674.86 in pre-market trading.
Mizuho boosted the price target for Lam Research Corporation (LRCX) from $290 to $385. Lam Research shares rose 1.1% to $361.00 in pre-market trading.
Raymond James boosted the price target for VBI Vaccines Inc (VBIV) from $3 to $8. VBI Vaccines shares rose 2.1% to $5.50 in pre-market trading.
Barclays boosted Paypal Holdings Inc (PYPL) price target from $199 to $210. Paypal shares gained 0.7% to $176.80 in pre-market trading.
52-WEEK HI
Home Depot(HD)shares hit $264.32 on Wednesday morning, setting a new 52-week high for a change of up 0.6%.
SAP(SAP)shares broke to $165.27 on Wednesday, setting a new 52-week high with a change of up 1.62%.
Novo Nordisk(NVO)shares set a new yearly high of $68.96 this morning. The stock was up 0.29% on the session.
Thermo Fisher Scientific(TMO)stock set a new 52-week high of $420.99 Wednesday morning. Over the session, the stock traded up 3.93%.
Danaher(DHR)shares hit a yearly high of $197.10. The stock traded up 0.66% on the session.
WELL,...
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he Dow gained 165.44 points, or 0.62% to close at 27,005.84. The S&P 500 climbed 0.57% to 3,276.02. The Nasdaq Composite advanced 0.24% to 10.706.13. Wall Street posted a muted performance as traders digested news of a coronavirus vaccine deal between the U.S. government and Pfizer and BioNTech.
July 14, 2020
PRICE TARGET
BMO Capital raised Harley-Davidson Inc (HOG) price target from $22 to $33. Harley-Davidson shares closed at $25.92 on Monday.
HC Wainwright & Co. lifted the price target for Equillium Inc (EQ) from $14 to $24. Equillium shares closed at $26.50 on Monday.
SVB Leerink raised the price target for Align Technology, Inc. (ALGN) from $260 to $310. Align Technology shares closed at $270.24 on Monday.
KeyBanc boosted the price target for Alibaba Group Holding Ltd - ADR (BABA) from $255 to $285. Alibaba closed at $251.67 on Monday.
Piper Sandler boosted Tesla Inc (TSLA) price target from $939 To $2,322. Tesla closed at $1,497.06 on Monday.
52-WEEK HI
Fastenal(FAST)shares hit $45.00 on Tuesday morning, setting a new 52-week high.
BeiGene(BGNE)shares were up 5.91% for the day, having made a 52-week high of $227.66.
Qiagen(QGEN)stock hit a yearly high price of $46.23. The stock was up 1.79% for the day.
Gold Fields(GFI)shares were up 5.24% for the day, having made a 52-week high of $10.94.
Boston Beer Co(SAM)shares set a new 52-week high of $609.68 on Tuesday, moving up 2.24%.
WELL,...
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Wells Fargo Update
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The bank had a net loss of $2.4 billion in the second quarter, or a loss of 66 cents a share, worse than the 20 cents a share loss expected by analysts surveyed by Refinitiv.
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Revenue of $17.8 billion was also weaker than analysts’ $18.4 billion estimate.
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The bank also announced a new quarterly dividend of 10 cents a share, a deeper-than-expected reduction in its payout that may indicate the bank’s pessimism about the coming year.
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Shares of the San Francisco-based bank fell.
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https://www.cnbc.com/2020/07/14/wells-fargo-wfc-earnings-q2-2020.html
August 5, 2020
PRICE TARGET
Rosenblatt boosted the price target for Walt Disney Co (DIS) from $135 to $145. Disney shares rose 6.4% to $124.75 in pre-market trading.
Deutsche Bank boosted the price target for Eastman Chemical Company (EMN) from $70 to $80. Eastman Chemical shares declined 0.1% to $70.98 on Tuesday.
Piper Sandler raised the price target on Twilio Inc (TWLO) from $225 to $300. Twilio shares fell 3.7% to $273.29 in pre-market trading.
Needham cut the price target for Ralph Lauren Corp (RL) from $90 to $85. Ralph Lauren shares rose 0.5% to $67.00 in pre-market trading.
Credit Suisse raised the price target on Activision Blizzard, Inc. (ATVI) from $92 to $96. Activision Blizzard shares fell 1.7% to $85.00 in pre-market trading.
52-WEEK HI
Taiwan Semiconductor(TSM)stock hit a yearly high price of $84.00. The stock was up 3.16% for the day.
NVIDIA(NASDAQ:NVDA)shares hit a yearly high of $454.83. The stock traded up 0.74% on the session.
PayPal Holdings(PYPL)shares hit $202.54 on Wednesday morning, setting a new 52-week high for a change of up 2.46%.
Accenture(ACN)shares broke to a new 52-week high of $229.40 on Wednesday. Shares of the company traded up 0.92%.
FLOWER POWER
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The S&P 500 advanced 0.6% to 3,327.77 and the Nasdaq Composite climbed 0.4% to 10,998.40. The Nasdaq briefly broke above 11,000 for the first time and posted a six-day winning streak. The S&P 500 closed higher for a fourth straight day. The Dow Jones Industrial Average also posted a four-day winning streak, rallying 373.05 points, or 1.4%, to 27,201.52.
August 3, 2020
PRICE TARGET
Credit Suisse lifted Charter Communications Inc (CHTR) price target from $620 to $640. Charter Communications shares climbed 2.9% to close at $580.00 on Friday.
Raymond James boosted the price target for Marsh & McLennan Companies, Inc. (MMC) from $105 to $130. Marsh & McLennan shares fell 0.1% to close at $116.60 on Friday.
RBC Capital raised the price target on Weyerhaeuser Company (WY) from $30 to $33. Weyerhaeuser shares fell 0.8% to $27.59 in pre-market trading.
Deutsche Bank boosted Yum! Brands, Inc. (YUM) price target from $80 to $107. Yum! Brands shares fell 0.6% to close at $91.05 on Friday.
Rosenblatt boosted the price target for Pinterest, Inc. (PINS) from $21 to $30. Pinterest shares rose 2.8% to $35.25 in pre-market trading
52-WEEK HI
Apple(AAPL)stock hit a yearly high price of $446.55. The stock was up 3.11% for the day.
Microsoft(MSFT)shares hit a new 52-week high of $216.56. The stock traded up 4.99% on the session.
NVIDIA(NVDA)shares reached a new 52-week high of $443.95 on Monday morning, moving up 3.84%.
PayPal Holdings(PYPL)stock on Monday broke to a yearly high of $199.40. Shares traded up 0.38%.
Salesforce.com(CRM)shares achieved a new 52-week high on Monday morning, hitting $203.87 with a daily change of up 4.4%.
TECHNICALLY...
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Stocks rose on Monday, the first trading day of August, as Wall Street tried to build on its four-month winning streak.
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The Dow Jones Industrial Average closed 236.08 points higher, or 0.9%, at 26,664.40. The Nasdaq Composite jumped 1.5% to an all-time high, ending the day at 10,902.80. The S&P 500 gained 0.7% to 3,294.61, its highest closing level since Feb. 21. The S&P 500 is also within 3% of reaching an all-time high.
August 4, 2020
PRICE TARGET
NVIDIA(NVDA)stock on Tuesday broke to a yearly high of $445.26. Shares traded up 0.86%.
Costco Wholesale(COST)shares hit $334.61 on Tuesday morning, setting a new 52-week high for a change of up 1.06%.
Sony(SNE)stock on Tuesday broke to a yearly high of $83.56. Shares traded up 1.94%.
Advanced Micro Devices(AMD)shares were up 5.71% on Tuesday morning to hit a new 52-week high of $82.94.
Activision Blizzard(ATVI)shares were down 0.15% on Tuesday to hit a new 52-week high of $87.03 for a change of down 0.15%.
52-WEEK HI
The stock market has been on a tear, yet the economy is in the dumps. So why do so many people believe -- undoubtedly incorrectly -- that the stock market has decoupled from reality?
The economy many people experience, while bleak, is local, personal and, for the most part, either not publicly traded or plays only a small part in the stock market’s moves. To explain why these personal experiences have so little effect on equity markets, we must look more closely at the market role of the weakest industry sectors.
down 0.15% on Tuesday to hit a new 52-week high of $87.03 for a change of down 0.15%.
TECHNICALLY...
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Schiller is one of Apple’s most visible executives, and makes frequent appearances presenting new products at the company’s keynote addresses. He also leads a group within the App Store that makes decisions on whether or not to allow apps into the store. Schiller also took over as head of communications after Dowling departed the company last year.
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Schiller’s work is far from finished. The App Store has become a target of scrutiny, with notable developers like Spotify questioning the standard 30% cut Apple takes for app sales and subscriptions in the first year, claiming it hurts competition and favors Apple’s own apps instead. Spotify filed an antitrust complaint against Apple in the EU in March 2019
August 4, 2020
PRICE TARGET
NVIDIA(NVDA)stock on Tuesday broke to a yearly high of $445.26. Shares traded up 0.86%.
Costco Wholesale(COST)shares hit $334.61 on Tuesday morning, setting a new 52-week high for a change of up 1.06%.
Sony(SNE)stock on Tuesday broke to a yearly high of $83.56. Shares traded up 1.94%.
Advanced Micro Devices(AMD)shares were up 5.71% on Tuesday morning to hit a new 52-week high of $82.94.
Activision Blizzard(ATVI)shares were down 0.15% on Tuesday to hit a new 52-week high of $87.03 for a change of down 0.15%.
52-WEEK HI
The stock market has been on a tear, yet the economy is in the dumps. So why do so many people believe -- undoubtedly incorrectly -- that the stock market has decoupled from reality?
The economy many people experience, while bleak, is local, personal and, for the most part, either not publicly traded or plays only a small part in the stock market’s moves. To explain why these personal experiences have so little effect on equity markets, we must look more closely at the market role of the weakest industry sectors.
down 0.15% on Tuesday to hit a new 52-week high of $87.03 for a change of down 0.15%.
TECHNICALLY...
-
Schiller is one of Apple’s most visible executives, and makes frequent appearances presenting new products at the company’s keynote addresses. He also leads a group within the App Store that makes decisions on whether or not to allow apps into the store. Schiller also took over as head of communications after Dowling departed the company last year.
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Schiller’s work is far from finished. The App Store has become a target of scrutiny, with notable developers like Spotify questioning the standard 30% cut Apple takes for app sales and subscriptions in the first year, claiming it hurts competition and favors Apple’s own apps instead. Spotify filed an antitrust complaint against Apple in the EU in March 2019
August 10, 2020
PRICE TARGET
Wedbush raised Apple Inc. (AAPL) price target from $475 to $515. Apple shares rose 1.1% to $449.25 in pre-market trading.
Citigroup raised the price target on Etsy Inc (ETSY) from $100 to $170. Etsy shares rose 1.8% to $137.48 in pre-market trading.
Morgan Stanley lifted the price target for Pinterest Inc (PINS) from $34 to $44. Pinterest shares rose 3.8% to $36.30 in pre-market trading.
KeyBanc boosted the price target for Magna International Inc. (MGA) from $55 to $59. Magna shares closed at $49.16 on Friday.
SVB Leerink lifted the price target on HMS Holdings Corp (HMSY) from $31 to $35. HMS Holdings shares fell 3.9% to close at $31.10 on Friday.
52-WEEK HI
UnitedHealth Group(UNH)shares were up 0.62% on Monday morning to hit a new 52-week high of $320.43.
Nike(NKE)stock on Monday broke to a yearly high of $106.27. Shares traded up 3.4%.
BHP Group(BHP)shares set a new yearly high of $57.39 this morning. The stock was up 2.7% on the session.
United Parcel Service(UPS)shares reached a new 52-week high of $160.62 on Monday morning, moving up 1.84%.
Lowe's Companies(LOW)stock set a new 52-week high of $154.36 Monday morning. Over the session, the stock traded up 0.79%.
SIMPLE SIMON
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Shares of Simon Property Group jumped Monday following a report that said the biggest U.S. mall owner is in talks with Amazon to turn shuttered Sears and J.C. Penney stores into warehouses, as it looks to salvage vacant space at its properties and collect more rent.
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Simon is set to report earnings after market close.
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Real estate analysts say a deal with Amazon could be positive for Simon in the near term, but there would be hurdles.
August 12, 2020
PRICE TARGET
Procter & Gamble (PG) shares broke to $134.97 on Wednesday, setting a new 52-week high with a change of up 1.09%.
Home Depot (HD) stock set a new 52-week high of $279.45 Wednesday morning. Over the session, the stock traded up 1.46%.
BHP Group (BHP) shares set a new yearly high of $58.11 this morning. The stock was up 1.69% on the session.
Qualcomm (QCOM) shares broke to $113.15 on Wednesday, setting a new 52-week high with a change of up 2.46%.
Lowe's Companies (LOW) shares achieved a new 52-week high on Wednesday morning, hitting $156.32 with a daily change of up 0.99%.
52-WEEK HI
KeyBanc boosted the price target for QUALCOMM, Inc. (QCOM) from $125 to $145. QUALCOMM shares rose 1.5% to $110.50 in pre-market trading.
RBC Capital raised the price target on J2 Global Inc (JCOM) from $78 to $90. J2 Global shares fell 4.4% to $66.00 in pre-market trading.
UBS boosted the price target for LHC Group, Inc. (LHCG) from $170 to $210. LHC Group shares declined 1.4% to close at $198.26 on Tuesday.
Truist Securities boosted Lowe`s Companies Inc (LOW) price target from $135 to $178. Lowe shares rose 0.8% to $154.99 in pre-market trading.
Morgan Stanley boosted Invitation Homes Inc (INVH) price target from $25 to $34. Invitation Homes shares rose 1.9% to $29.91 in pre-market trading.
THINKING
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S&P 500 closed up 1.4% for its best day since July 6 when it gained 1.59%
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The record close for the S&P stands at 3,386.153 from Feb.19
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S&P 500 also turned in its eighth positive day in nine
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S&P 500 is 0.39% below its intraday all-time high of 3,393.52 from Feb. 19
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S&P 500 is 54.22% above its 52-week low of 2,191.86 from March 23
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Nasdaq Composite closed up 2.13% for its first positive day in four and its best day since July 20
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Transports closed up 0.43% for their 11th straight daily gain for the first time since Oct. 26, 1992, and their 11-day win streak
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Ten out of 11 sectors were positive Wednesday, led by tech, which gained 2.31% for its best day since Aug.3
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Two out of 11 sectors closed at least at multi-year highs: Consumer discretionary at a record and materials closing at their highest level since Jan. 2018
July 22, 2020
PRICE TARGET
Credit Suisse raised the price target for Texas Instruments Incorporated (TXN) from $140 to $155. Texas Instruments shares rose 1.3% to $137.20 in pre-market trading.
UBS raised the price target on Intuitive Surgical, Inc. (ISRG) from $565 to $670. Intuitive Surgical shares rose 2.5% to $674.86 in pre-market trading.
Mizuho boosted the price target for Lam Research Corporation (LRCX) from $290 to $385. Lam Research shares rose 1.1% to $361.00 in pre-market trading.
Raymond James boosted the price target for VBI Vaccines Inc (VBIV) from $3 to $8. VBI Vaccines shares rose 2.1% to $5.50 in pre-market trading.
Barclays boosted Paypal Holdings Inc (PYPL) price target from $199 to $210. Paypal shares gained 0.7% to $176.80 in pre-market trading.
52-WEEK HI
Home Depot(HD)shares hit $264.32 on Wednesday morning, setting a new 52-week high for a change of up 0.6%.
SAP(SAP)shares broke to $165.27 on Wednesday, setting a new 52-week high with a change of up 1.62%.
Novo Nordisk(NVO)shares set a new yearly high of $68.96 this morning. The stock was up 0.29% on the session.
Thermo Fisher Scientific(TMO)stock set a new 52-week high of $420.99 Wednesday morning. Over the session, the stock traded up 3.93%.
Danaher(DHR)shares hit a yearly high of $197.10. The stock traded up 0.66% on the session.
WELL,...
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he Dow gained 165.44 points, or 0.62% to close at 27,005.84. The S&P 500 climbed 0.57% to 3,276.02. The Nasdaq Composite advanced 0.24% to 10.706.13. Wall Street posted a muted performance as traders digested news of a coronavirus vaccine deal between the U.S. government and Pfizer and BioNTech.
July 27, 2020
PRICE TARGET
Morgan Stanley raised the price target on Biogen Inc (BIIB) from $263 to $357. Biogen shares rose 3% to $280.50 in pre-market trading.
Benchmark raised the price target on eBay Inc (EBAY) from $60 to $69. eBay shares rose 0.7% to $55.49 in pre-market trading.
Citigroup boosted the price target for United Parcel Service, Inc. (UPS) from $105 to $115. UPS shares rose 0.6% to $119.00 in pre-market trading.
Raymond James lifted the price target for Verizon Communications Inc. (VZ) from $61 to $64. Verizon shares fell 0.1% to $56.80 in pre-market trading.
Needham raised ServiceNow Inc (NYSE:NOW) price target from $440 to $481. ServiceNow shares fell 1.1% to close at $425.19 on Friday.
52-WEEK HI
Taiwan Semiconductor(TSM)stock hit a yearly high price of $82.24. The stock was up 9.52% for the day.
Home Depot(HD)stock hit a yearly high price of $268.68. The stock was up 0.98% for the day.
Equinix(EQIX)stock made a new 52-week high of $750.00 Monday. The stock was up 1.31% for the day.
Advanced Micro Devices(NAMD)shares hit $71.63 on Monday morning, setting a new 52-week high for a change of up 0.53%.
Sherwin-Williams(SHW)shares were up 1.39% on Monday morning to hit a new 52-week high of $631.84.
WELL,...
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Walgreens Boots Alliance — Walgreens shares fell more than 1% after the company announced Stefano Pessina will step down from his role as CEO. Instead, he will become the company’s next executive chairman, replacing Jim Skinner. Walgreens said Skinner will remain on the company’s board after Pessina becomes chairman. There was no timetable set for finding the next Walgreens CEO.
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Moderna — Moderna jumped 9.2% after the company said it received an additional $472 million in government assistance as the biotech company continues work on the development of a potential Covid-19 vaccine. On Monday, the company’s phase three study of the possible vaccine, which will include at least 30,000 participants, began.
July 17, 2020
PRICE TARGET
Rosenblatt cut the price target for Netflix Inc (NFLX) from $445 to $400. Netflix shares fell 8.7% to $481.60 in pre-market trading.
Credit Suisse boosted the price target for Tesla Inc (TSLA) from $700 to $1400. Tesla shares rose 0.7% to $1,511.26 in pre-market trading.
UBS lifted J B Hunt Transport Services Inc (JBHT) price target from $99 to $145. J B Hunt shares rose 2.7% to $136.09 in pre-market trading.
RBC Capital lowered the price target for Synovus Financial Corp. (SNV) from $21 to $16. Synovus Financial shares fell 2% to $19.35 in pre-market trading.
JP Morgan raised Lendingtree Inc (TREE) price target from $250 to $280. Lendingtree shares rose 3.9% to $330.00 in the pre-market trading session.
52-WEEK HI
Taiwan Semiconductor(TSM)shares hit $67.99 on Friday morning, setting a new 52-week high for a change of up 1.7%.
Danaher(DHR)stock made a new 52-week high of $189.77 Friday. The stock was up 0.16% for the day.
Charter Communications(CHTR)shares achieved a new 52-week high on Friday morning, hitting $569.87 with a daily change of up 1.5%.
BlackRock(BLK)shares reached a new 52-week high of $592.27 on Friday morning, moving up 3.92%.
Rio Tinto(RIO)shares broke to a new 52-week high of $61.93 on Friday. Shares of the company traded up 1.16%.
BALLIN'
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The NFL is working with brand partners, including Microsoft and Verizon, on ways to include fans in its 2020 season likely impacted by Covid-19.
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Other NFL brand partners like Oakley and Gatorade have come up with new ways to keep players safe from the virus on the field.
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https://www.cnbc.com/2020/07/17/nfl-covid-19-safety-verizon-5g-2020-nba-regular-season.html
July 15, 2020
PRICE TARGET
BMO Capital raised Harley-Davidson Inc (HOG) price target from $22 to $33. Harley-Davidson shares closed at $25.92 on Monday.
HC Wainwright & Co. lifted the price target for Equillium Inc (EQ) from $14 to $24. Equillium shares closed at $26.50 on Monday.
SVB Leerink raised the price target for Align Technology, Inc. (ALGN) from $260 to $310. Align Technology shares closed at $270.24 on Monday.
KeyBanc boosted the price target for Alibaba Group Holding Ltd - ADR (BABA) from $255 to $285. Alibaba closed at $251.67 on Monday.
Piper Sandler boosted Tesla Inc (TSLA) price target from $939 To $2,322. Tesla closed at $1,497.06 on Monday.
52-WEEK HI
Fastenal(FAST)shares hit $45.00 on Tuesday morning, setting a new 52-week high.
BeiGene(BGNE)shares were up 5.91% for the day, having made a 52-week high of $227.66.
Qiagen(QGEN)stock hit a yearly high price of $46.23. The stock was up 1.79% for the day.
Gold Fields(GFI)shares were up 5.24% for the day, having made a 52-week high of $10.94.
Boston Beer Co(SAM)shares set a new 52-week high of $609.68 on Tuesday, moving up 2.24%.
WELL,...
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Wells Fargo Update
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The bank had a net loss of $2.4 billion in the second quarter, or a loss of 66 cents a share, worse than the 20 cents a share loss expected by analysts surveyed by Refinitiv.
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Revenue of $17.8 billion was also weaker than analysts’ $18.4 billion estimate.
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The bank also announced a new quarterly dividend of 10 cents a share, a deeper-than-expected reduction in its payout that may indicate the bank’s pessimism about the coming year.
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Shares of the San Francisco-based bank fell.
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https://www.cnbc.com/2020/07/14/wells-fargo-wfc-earnings-q2-2020.html
July 28, 2020
PRICE TARGET
RBC Capital raised O'Reilly Automotive Inc (ORLY) price target from $437 to $505. O'Reilly Automotive shares rose 1.8% to close at $450.45 on Monday.
Morgan Stanley raised the price target for Air Products & Chemicals, Inc. (APD) from $245 to $325. Air Products shares rose 1.1% to close at $294.71 on Monday.
JP Morgan raised the price target on Avery Dennison Corp (AVY) from $110 to $115. Avery Dennison shares fell 3.8% to close at $115.86 on Monday.
Needham boosted the price target for F5 Networks, Inc. (FFIV) from $170 to $180. F5 Networks shares fell 4.2% to $144.85 in pre-market trading.
Jefferies lifted the price target for Cloudflare Inc (NET) from $27 to $50. Cloudflare shares rose 2% to $38.11 in pre-market tradin
52-WEEK HI
Home Depot(HD)shares were down 0.36% on Tuesday morning to hit a new 52-week high of $269.07.
Lowe's Companies(LOW)shares set a new 52-week high of $149.67 on Tuesday, moving up 0.07%.
Prologis(PLD)stock made a new 52-week high of $102.10 Tuesday. The stock was down 0.14% for the day.
Zoetis(ZTS)shares set a new 52-week high of $147.77 on Tuesday, moving up 0.27%.
Equinix(EQIX)shares were down 0.59% on Tuesday to hit a new 52-week high of $762.39 for a change of down 0.59%.
WELL,...
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Pfizer — Shares of the drug maker jumped 3.5% after reporting better-than-expected quarterly earnings. The company reported adjusted earnings of 78 cents per share, higher than the 66 cents per share projected by analysts surveyed by Refinitiv. Revenue fell 11% to $11.8 billion from $13.26 billion during the same quarter last year, but Wall Street saw it as good news since it was more than the $11.5 billion analysts expected. Pfizer also raised its full-year outlook.