My top 10 things to ogle Monday, Oct. 23
1. U.S. equities edge decrease in premarket buying and selling Monday, with S&P 500 futures down 0.36%. Bond yields proceed to soar around 16-year highs, with that of the 10-year Treasury at simply under 5% — and investors ought to restful derive feeble to it. Right here is why I think concerns about our most recent economic moment are rather overblown.
2. Club preserving Walt Disney (DIS) is shut to reaching a cash-and-stock deal to promote its India operations to to Reliance Industries (RLNIY), Bloomberg reports Monday, citing contributors conversant in the topic. The Indian multinational conglomerate is owned by Asia’s richest magnate, Mukesh Ambani.
3. Piper Sandler says its stays bullish on Club name Microsoft (MSFT), whereas recommending immense-cap explain investors add to their positions sooner than the long-established open of the corporate’s artificial-intelligence assistant, M365 Copilot, on Nov. 1. Microsoft is decided to document quarterly results after the closing bell on Tuesday, and here’s what the Club is hunting for.
4. Piper Sandler downgrades Club preserving Salesforce (CRM) to neutral from overweight, whereas reducing its worth aim on the stock to $232 a portion, down from $268.
5. Mizuho raises its worth aim on UnitedHealth Crew (UNH) to $584 a portion, up from $549, whereas reiterating a purchase rating on the stock. The agency reduces explain estimates and worth targets across the cloud functions and analytics team, calling consensus explain expectations “overly optimistic.”
6. Somewhat an excellent deal of Wall Road corporations decrease their worth targets on cybersecurity team Okta (OKTA) after the corporate says client recordsdata had been accessed by hackers in one other data breach, sending shares tumbling.
7. Citing unique supply delays, Bernstein lowers its worth aim on Boeing (BA) to $270 a portion, down from $274, whereas asserting an outperform rating on the stock sooner than the plane producer’s quarterly results on Wednesday.
8. William Blair initiates coverage of Celsius Holdings (CELH) with an outperform rating and no worth aim, noting the corporate’s “beautiful jam” within the meals and beverage jam. Is the customer-packaged items agency the next enormous explain yarn?
9. Club preserving Apple (AAPL) is doubling down on generative AI, with plans to have a examine the abilities to all its devices, in step with Bloomberg. “Nevertheless I will notify you in no unsure phrases that Apple executives had been caught off guard by the trade’s surprising AI fever and were scrambling since late final year to scheme up for lost time,” writes chief correspondent Mark Gurman.
10. Wall Road’s forward earnings revisions and worth reactions on Club name Morgan Stanley (MS) were broadly weaker following the monetary institution’s mixed third-quarter results final week. Investor disappointment over its wealth management trade and the prolonged proceed in funding banking weighed heavily on shares put up-earnings.
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