Stocks Supported by Hopes the US Government Will Soon Reopen
View original at nasdaq.comStocks Supported by Hopes the US Government Will Soon Reopen The S&P 500 Index ($SPX) (SPY) today is up +1.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.81%…
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Q3 profits have risen 14.6% thus far, more than doubling expectations of 7.2% y/y
80% confidenceUpgraded Celestica to buy from neutral with price target of $375
80% confidenceUpgraded Eli Lilly to outperform from market perform with price target of $1,104
80% confidenceExpects substantial rebound in US economy in Q1 with limited room for further rate cuts
80% confidence82% of S&P 500 companies that reported Q3 earnings beat forecasts, on course for best quarter since 2021
80% confidenceThe effects of the tariffs have largely been confined to goods, with little spillover into services inflation or inflation expectations, which remain relatively well-anchored around our 2% target
80% confidenceDowngraded Applied Optoelectronics to sell from neutral with price target of $15
80% confidenceRaised price target on Albemarle to $85 from $70
80% confidenceLabor market is softening and wage growth is moderating, without pressure on labor costs
80% confidenceTariffs are an imposition of taxes on Americans, which is core power of Congress
80% confidence