Afrigather My prime 10 issues to look at 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 hover round 16-year highs, with that of the 10-year Treasury at slightly below 5% — and buyers ought to get used to it. This is why I feel issues about our present financial second are considerably overblown.
2. Membership holding Walt Disney (DIS) is near reaching a cash-and-stock deal to sell its India operations to to Reliance Industries (RLNIY), Bloomberg studies Monday, citing individuals acquainted with the matter. The Indian multinational conglomerate is owned by Asia’s richest tycoon, Mukesh Ambani.
3. Piper Sandler says its stays bullish on Membership identify Microsoft (MSFT), whereas recommending large-cap development buyers add to their positions forward of the overall launch of the corporate’s artificial-intelligence assistant, M365 Copilot, on Nov. 1. Microsoft is ready to report quarterly outcomes after the closing bell on Tuesday, and this is what the Club is looking for.
4. Piper Sandler downgrades Membership holding Salesforce (CRM) to impartial from obese, whereas decreasing its worth goal on the inventory to $232 a share, down from $268.
5. Mizuho raises its worth goal on UnitedHealth Group (UNH) to $584 a share, up from $549, whereas reiterating a purchase score on the inventory. The agency reduces development estimates and worth targets throughout the cloud functions and analytics group, calling consensus development expectations “overly optimistic.”
6. Quite a few Wall Avenue corporations decrease their worth targets on cybersecurity group Okta (OKTA) after the corporate says consumer information have been accessed by hackers in another data breach, sending shares tumbling.
7. Citing new supply delays, Bernstein lowers its worth goal on Boeing (BA) to $270 a share, down from $274, whereas sustaining an outperform score on the inventory forward of the plane producer’s quarterly outcomes on Wednesday.
8. William Blair initiates protection of Celsius Holdings (CELH) with an outperform score and no worth goal, noting the corporate’s “enticing place” within the meals and beverage area. Is the consumer-packaged items agency the following nice development story?
9. Membership holding Apple (AAPL) is doubling down on generative AI, with plans to use the know-how to all its units, according to Bloomberg. “However I can inform you in no unsure phrases that Apple executives have been caught off guard by the business’s sudden AI fever and have been scrambling since late final 12 months to make up for misplaced time,” writes chief correspondent Mark Gurman.
10. Wall Avenue’s ahead earnings revisions and worth reactions on Membership identify Morgan Stanley (MS) have been broadly weaker following the financial institution’s blended third-quarter results final week. Investor disappointment over its wealth administration enterprise and the extended stoop in funding banking weighed closely on shares post-earnings.
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