U.S. stock futures inch lower after record-high rally on Nvidia cheer

BofA raises European mining stocks to overweight, cuts luxury

In a European equity strategy note to clients on Friday, BofA analysts raised the mining sector to Overweight and lowered the luxury sector to Marketweight.

The firm also revealed it remains negative on European equities given the scope for slower US and Euro area growth.

"Ater the recent... More

NVIDIA (NVDA) PT Raised to $925 at New Street Research

New Street Research analyst Pierre Ferragu raised the price target on NVIDIA (NASDAQ: NVDA) to $925.00 (from $535.00) while maintaining a Buy rating.

NVIDIA (NVDA) nearing $2 trillion valuation

The continued NVIDIA (NASDAQ: NVDA) share price surge could see the company become the first semiconductor business with a $2 trillion market capitalization.

The surge would represent another significant marker for the company that has benefitted enormously from the rise and subsequent soaring demand... More

Magnificent 7 helps push mutual funds to a strong start in 2024 - Goldman Sachs

The strength of the "Magnificent 7" stocks has driven strong mutual fund performance at the start of 2024, Goldman Sachs analysts said in a note this week.

The bank explained that following a lackluster 2023, mutual funds are off to a strong start in 2024, with 46% of large-cap mutual funds beating their respective... More

Alphabet (GOOGL) target lifted as search resilience underappreciated - Redburn

Redburn Atlantic analyst James Cordwell said in a note to clients Friday that Alphabet's (NASDAQ: GOOGL) search resilience is underappreciated. Cordwell lifted the firm's price target for the stock to $170 from $165, keeping a Buy rating on the stock.

The analyst explained... More

Block Inc. (SQ) PT Raised to $86 at Citi

Citi analyst Peter Christiansen raised the price target on Block Inc. (NYSE: SQ) to $86.00 (from $76.00) while maintaining a Buy rating.

The analyst comments "Theres a lot to like about Blocks 4Q, namely (i) speedy restructuring execution resulting in a 25% EBITDA beat and 10%... More

Citi on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'

Citi on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'

The analyst comments "Large cap stocks with strong rallies into earnings on average drift higher. We run a quick study on extraordinary performance around earnings, as we have seen from NVDA. We collect data on S&P constituents in the last 30 years, some 1120 tickers and analyze the times where the stock has rallied 35%... More

Alphabet (GOOGL) PT Raised to $170 at Redburn-Atlantic, 'Search resilience underappreciated'

Redburn-Atlantic analyst James Cordwell raised the price target on Alphabet (NASDAQ: GOOGL) to $170.00 (from $165.00) while maintaining a Buy rating.

The analyst comments "With Alphabets forward PE now just in line with that of the S&P, sentiment has clearly turned negative regarding... More