Dow Jones, Nasdaq, S&P 500 weekly preview: stocks are overvalued - analysts

Credit Suisse on NVIDIA (NVDA) Following Management Interview: 'we think investors will pay the premium multiple'

February 23, 2023 8:33 AM EST

Credit Suisse analyst Chris Caso reiterated an Outperform rating and $275.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "We feel this earnings report was favorable, because we did get some degree of the datacenter weakness that most were expecting but... More

Walmart (WMT) PT Raised to $155 at Evercore ISI, Removes from Tactical Outperform List

February 22, 2023 5:00 AM EST

Evercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $155.00 (from $150.00) while maintaining a In Line rating.

Removes from Tactical Outperform List... More

Home Depot (HD) PT Lowered to $340 at Evercore ISI, Removes from Tactical Underperform List

February 22, 2023 5:00 AM EST

Evercore ISI analyst Greg Melich lowered the price target on Home Depot (NYSE: HD) to $340.00 (from $370.00) while maintaining a Outperform rating.

Removes from Tactical Underperform List.... More

BMO Capital cuts estimates for NVIDIA (NVDA) on near term data center headwinds

February 21, 2023 11:04 AM EST

BMO Capital reiterated an Outperform rating on NVIDIA Corporation (NASDAQ: NVDA) and raised the price target on the stock to $240.00 (from $210.00) ahead of the tech companys 4Q23 earnings release. NVIDIA reports after the close on February 22 with a conference call to follow at 5:00 p.m..

Analyst, Ambrish Srivastava wrote in a note, Our research suggests an increasing weaker... More

Don't chase the Christmas lunch trades - Citi

February 21, 2023 7:22 AM EST

Dont expect the current risk-on sentiment to last much longer, Citis Robert Buckland told clients in a note yesterday.

The opening few weeks of 2023 saw last years winners (defensives) getting sold while last years losers (mostly tech) are big winners. Expect this to fizzle out once market positioning is cleared out and... More

Wall Street posts worst day of 2023 on higher-for-longer rate fears

February 21, 2023 6:53 AM EST

By David French

(Reuters) - Wall Street posted its worst performance of the year on Tuesday, with the main benchmarks ending down as investors interpreted a rebound in U.S. business activity in February to mean interest rates will need to stay higher for longer to control inflation.

For the S&P 500 and Nasdaq Composite, it was their third session in a row closing lower, while the decline in the Dow Jones Industrial wiped out its gains for 2023.

The falls came after the S&P Global Purchasing Manufacturer's index, which reflects business activity in the United... More

Stocks are more expensive than at any time since 2007 - Morgan Stanley's Wilson

February 21, 2023 6:23 AM EST

Michael Wilson, the Chief U.S. Equity Strategist and Chief Investment Officer for Morgan Stanley, has once again warned the firms clients that risk-reward for stocks is extremely poor at current levels.

The S&P 500 fell modestly last week but it still trades comfortably above the 4000 handle. Wilson believes earnings expectations remain 10-20% too high, hence investors are advised not to... More