Inflation data ahead, Oracle earnings - what's moving markets

Argus Upgrades Oracle (ORCL) to Buy

Argus analyst Joseph Bonner upgraded Oracle (NYSE: ORCL) from Hold to Buy with a price target of $145.00.

The analyst comments "Management sees revenue acceleration into FY25. Oracle reported a 16% increase in non-GAAP EPS on 7% revenue growth in fiscal. We are raising Our... More

Boeing (BA) PT Lowered to $260 at Wolfe Research, 'How to break a negative news/event cycle'

Wolfe Research analyst Myles Walton lowered the price target on Boeing (NYSE: BA) to $260.00 (from $270.00) while maintaining a Outperform rating.

The analyst comments "We are Outperform rated on Boeing shares with ~40% upside to our updated price target of $260 (prev $270). BA shares are down 30% on the year which is... More

Boeing (BA) PT Lowered to $270 at Stifel, 'Orderbook Remains In Good Shape and Deliveries are Pacing Roughly as Expected

Stifel analyst Bert W. Subin lowered the price target on Boeing (NYSE: BA) to $270.00 (from $280.00) while maintaining a Buy rating.

The analyst comments "February orders and deliveries didn't reveal anything too surprising with 15 orders for aircraft (10 MAXs, 1 777F and 4 787-9s) and 27... More

RBC Capital Cautions 'Airbus could be poised to take additional share from Boeing' (BA)

RBC Capital analyst Ken Herbert reiterated an Outperform rating and $260.00 price target on Boeing (NYSE: BA).

The analyst comments "Airbus could be poised to take additional share from Boeing, especially if they add pressure to Boeing's customers. As we detailed with Airbus's (AIR-FR)... More

BofA equity client flow trends: 'Outsized' communication services inflows continue

In its equity client flow trends note to clients this week, BofA analysts said there were continued stock and ETF inflows last week, with the firm's clients net buyers of US equities for a fourth week.

According to Bank of America, clients bought both single stocks and ETFs,... More

Citi bullish on AMD stock following February notebook shipments data

On Tuesday, Citi reiterated its Buy rating for AMD (NASDAQ: AMD), maintaining a price target of $192. This affirmation comes as part of the firm's analysis of US Semiconductor stocks, which highlighted February's notebook shipments as surpassing expectations.

Despite a month-over-month decrease of 2% in... More

BofA discusses key S&P 500 levels after a big rally

(Updated - March 12, 2024 10:22 AM EDT)

On Tuesday, BofA highlighted significant levels for the S&P 500 following the recent rally. They said the SPX is displaying signs of potential upside exhaustion, with daily and weekly Demark indicators and Japanese candlestick patterns indicating a risk for the NYSE Composite and NASDAQ Composite. Despite these signals, the SPX support levels are identified at 4800 and 4600, with resistance at 5200 and 5600.

According to the investment bank, the SPX remains on a bullish trajectory, featuring a "cup and handle" pattern breakout, which suggests a potential rise to 5200 and even 5600. Last week, the index approached... More

Jefferies on Boeing (BA) Impact: 'LUV intends to reduce capacity and re-optimize schedules primarily in H2:24'

Jefferies analyst Shelia Kahyaoglu reiterated a Buy rating and $300.00 price target on Boeing (NYSE: BA).

The analyst comments "Preliminary results from the FAA Audit at BA/SPR facilities have been reported (unverified); BA has failed 33 of 89 audits, w/ 97 instances of non-conformance recorded, while SPR failed 7 of 13 audits. Separately, LUV has... More

Oracle (ORCL) PT Raised to $142 at CFRA

CFRA analyst Angelo Zino raised the price target on Oracle (NYSE: ORCL) to $142.00 (from $130.00) while maintaining a Hold rating.

The analyst comments "We increase our 12-month target to $142 from $130, on a higher revised P/E of 21x our CY 25 EPS estimate of... More

TikTok ban: 5 reasons why this analyst thinks nothing will happen before elections

Over the past week, a new legislative proposal to ban TikTok unless ByteDance divests its US operations has rapidly gained momentum on Capitol Hill. However, analysts at Wolfe Research are skeptical the bill will be enacted anytime soon.

The firm's view, provided in a note to clients this week, comes despite the bill being scheduled for a House floor vote tomorrow and the fact they "fully expect the House will pass the bill by large... More

The FAA's Boeing audit finds dozens of 737 MAX production issues - NYT

On Monday, The New York Times reported that the Federal Aviation Administration's (FAA) audit of Boeing's (NYSE: BA) 737 MAX production failed 33 of 89 tests.

The publication, citing an FAA presentation it has viewed, said the wide-ranging investigation revealed the jet maker failed a check that dealt with the component that blew off the Alaska Airlines jet in January.

After a 3%... More

Oracle (ORCL) PT Raised to $145 at TD Cowen

TD Cowen analyst Derrick Wood raised the price target on Oracle (NYSE: ORCL) to $145.00 (from $130.00) while maintaining a Outperform rating.

The analyst comments "ORCL reported a solid 3Q w/ total rev growth of 7% cc in line w/ guide of 6-8%, incl.... More