Banks wobble again, Hindenburg hits Block, Eurozone PMIs - what's moving markets
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StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Block's (SQ) Cash App service has a significant opportunity, Morgan Stanley says
March 28, 2023 8:40 AM EDTMorgan Stanley cut its price target on Block (NYSE: SQ) to $70 from $72 per share in a note Tuesday, but analyst James Faucette said they believe the company's Cash App service "has a significant opportunity to be a sizable financial institution."
Faucette, who has an Equal-Weight rating on Block, believes that "Cash App is a bank for Millennials and Gen Z."
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