US stock futures steady after post-CPI rally; More inflation cues on tap
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StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Microsoft (MSFT) has 'formidable presence in cybersecurity' says Morgan Stanley
March 15, 2024 7:40 AM EDTMorgan Stanley analysts said in a note Friday that they believe Microsoft (NASDAQ: MSFT) remains the cybersecurity leader. The firm maintained an Overweight rating and a $465 price target on the stock.
The investment bank cited the tech giant's large installed base and broadening platform... More
Barclays says Big Tech strength is here to stay
March 14, 2024 8:15 AM EDTBarclays analysts believe the rally in big tech stocks is here to stay over the near to medium term. The firm said in a note Thursday that big tech is driving a high degree of concentration in US equities.
"Whether by market cap or contribution to returns, the... More
Argus Upgrades Oracle (ORCL) to Buy
March 14, 2024 7:38 AM EDTArgus 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
Here's why the market shrugged off the CPI beat - Wolfe Research
March 13, 2024 3:30 PM EDTOn Tuesday, February's US CPI data was released. The consumer price index increased 0.4% for the month and 3.2% from a year ago.
The data tempered expectations regarding when the Federal Reserve may begin to start cutting rates. Analysts at Wolfe Research said in a note that, in theory, another 0.4% month-on-month on core CPI "should" have been negative for markets after a strong January print. However, the market reaction was relatively... More
