S&P 500 falls as Nvidia slip, rising yields overshaddow quarterly earnings
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- Nasdaq, S&P end lower as tech stocks fall
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- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
Argus Defending Lockheed Martin (LMT), 'Recent weakness offers buying opportunity'
October 18, 2023 9:22 AM EDTArgus analyst John Eade reiterated a Buy rating and $510.00 price target on Lockheed Martin (NYSE: LMT).
Argus Defending Lockheed Martin (LMT), 'Recent weakness offers buying opportunity'
For an analyst ratings summary and ratings history on Lockheed Martin... More
UBS sees S&P 500 facing delayed recovery amid geopolitical tensions, higher for longer
October 18, 2023 7:32 AM EDTRecent weeks have seen increased volatility in equity markets, primarily influenced by evolving expectations regarding Federal Reserve policy rates and geopolitical factors following the Israel-Hamas war.
The upcoming focus is expected to shift towards corporate fundamentals as the third-quarter earnings season for the S&P 500 commences.
UBS analysts believe that the profit recession has concluded, and the U.S. economy is on track for a relatively gentle slowdown. This positive outlook is driven by robust consumer activity, moderating inflation, and solid growth.... More
Goldman warns any S&P 500 rally could be short-lived amid geopolitical risks
October 18, 2023 5:58 AM EDTGoldman Sachs strategists led by Cecilia Mariotti have issued a cautious outlook for the potential rally in risk assets, particularly stocks, as the year draws to a close. The S&P 500 closed the day nearly unchanged at 4,373 despite rising yields and a rally in oil prices.
Goldman believes that any rally in the S&P 500, and... More
