Market Outlook: A New Week, New Opportunities
As the post-election rally continues, the market is poised for a higher open on Monday. With many Trump-related trades extending their gains from last week, investors are eager to capitalize on the momentum.
Tech Stocks Take Center Stage
Tesla and bitcoin have stolen the spotlight, with Tesla’s stock price soaring to new heights. Wedbush analyst Dan Ives has raised his price target on Tesla to $400 a share, citing the potential for autonomous driving and AI growth under a second Trump administration.
Earnings Season Heats Up
This week, investors will be keeping a close eye on earnings reports from major companies like Home Depot and Disney. Additionally, the government is set to release two key inflation reports, which could impact market sentiment.
Analysts Weigh In
JPMorgan has upgraded Cisco Systems to an overweight rating, citing networking demand recovery and potential upside from its security business. Meanwhile, Deutsche Bank has raised its price target on BlackRock to $1,333 a share, citing the financial sector’s potential benefits under a Trump administration.
Club Holdings Get a Boost
Wolfe Research has upgraded Warner Bros. Discovery to a peer perform rating, citing improved chances of value-creating deals. Morgan Stanley has upped its price target on Nvidia to $160 a share, while Piper Sandler and Melius Research have also raised their targets.
More Love for Tech
Dell Technologies shares have risen after Morgan Stanley lifted its price target to $154 apiece, citing AI server momentum. Bank of America analysts have increased their price target on Wells Fargo to $84 a share, citing the potential removal of a Federal Reserve-imposed asset cap.
Palo Alto Networks Sees Upside
Barclays has raised its price target on Palo Alto Networks to $425 a share, citing expectations of better-than-expected remaining performance obligations in its upcoming earnings report.
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