My top 10 issues to ogle Monday, Oct. 23
1. U.S. equities edge decrease in premarket shopping and selling Monday, with S&P 500 futures down 0.36%. Bond yields continue to cruise around 16-365 days highs, with that of the 10-365 days Treasury at exact beneath 5% — and investors would possibly perhaps perhaps additionally still find usual to it. Here is why I judge concerns about our present financial 2nd are pretty overblown.
2. Club holding Walt Disney (DIS) is shut to reaching a cash-and-stock deal to sell its India operations to to Reliance Industries (RLNIY), Bloomberg experiences Monday, citing of us accustomed to the matter. The Indian multinational conglomerate is owned by Asia’s richest tycoon, Mukesh Ambani.
3. Piper Sandler says its stays bullish on Club title Microsoft (MSFT), while recommending enormous-cap enhance investors add to their positions earlier than the total launch of the company’s artificial-intelligence assistant, M365 Copilot, on Nov. 1. Microsoft is determined to file quarterly outcomes after the closing bell on Tuesday, and here’s what the Club is attempting to search out.
4. Piper Sandler downgrades Club holding Salesforce (CRM) to honest from overweight, while reducing its designate purpose on the stock to $232 a fraction, down from $268.
5. Mizuho raises its designate purpose on UnitedHealth Neighborhood (UNH) to $584 a fraction, up from $549, while reiterating a aquire rating on the stock. The firm reduces enhance estimates and value targets across the cloud functions and analytics neighborhood, calling consensus enhance expectations “overly optimistic.”
6. A different of Wall Avenue companies decrease their designate targets on cybersecurity neighborhood Okta (OKTA) after the company says consumer files be pleased been accessed by hackers in one more files breach, sending shares tumbling.
7. Citing novel start delays, Bernstein lowers its designate purpose on Boeing (BA) to $270 a fraction, down from $274, while preserving an outperform rating on the stock earlier than the plane manufacturer’s quarterly outcomes on Wednesday.
8. William Blair initiates protection of Celsius Holdings (CELH) with an outperform rating and no designate purpose, noting the company’s “lovely jam” within the food and beverage house. Is the actual person-packaged items firm the next enormous enhance narrative?
9. Club holding Apple (AAPL) is doubling down on generative AI, with plans to educate the expertise to all its devices, basically basically based totally on Bloomberg. “However I’m able to expose you in no dangerous phrases that Apple executives be pleased been caught off guard by the industry’s unexpected AI fever and be pleased been scrambling since leisurely final 365 days to assemble up for misplaced time,” writes chief correspondent Impress Gurman.
10. Wall Avenue’s forward earnings revisions and value reactions on Club title Morgan Stanley (MS) be pleased been broadly weaker following the bank’s blended third-quarter outcomes final week. Investor disappointment over its wealth management enterprise and the prolonged traipse in funding banking weighed heavily on shares put up-earnings.
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