Here Are Monday’s Best Wall Street Analyst Research Calls: Agnico Eagle Mines, Datadog, Delta Air Lines, Gilead Sciences, Okta, Pfizer, Regions Financial, T-Mobile, and More Quick Read – T-Mobile (TMUS) and Gilead Sciences (GILD) both earned Buy upgrades Monday, with Bank of…
erica and HSBC setting targets of $220 and $155 respectively. – Pfizer (PFE) and Datadog (DDOG) both took ratings cuts Monday, though Bernstein still raised DDOG’s price target to $226 from $180. – A weaker-than-expected jobs report of 57,000 eased rate-hike fears, lifting gold 2% to $4,121 and pushing Bitcoin back above $61,000. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and T-Mobile US didn’t make the cut. Grab the names FREE today
Pre-Market Stock Futures: Futures are trading mixed as we get ready to start the first full week of trading for the third quarter, as traders and investors return from the long 4th of July holiday. With second-quarter earnings starting this week, and with all of the major indices trading at or near all-time highs, you can bet that any company that reports earnings that miss the mark or gives guidance less than expected could get hit hard. The Dow Jones Industrials hit yet another all-time high last Thursday, closing the session at 52,900, up 1.14%, while the S&P 500 closed essientially flat at 7,482, up 0.01%.
The Nasdaq took another hit Thursday as sellers returned for the rotation trade, with chip stocks tagged again, and closed the day at 25,832, down 0.80%. The small-cap heavy Russell 2000 also closed lower to end the week, down 0.55% at 2,996. Treasury Bonds: Yields were mixed across the Treasury curve on Thursday as buyers continued to load up on the short end and belly of the curve, while some selling came in on the long end.