My top 10 things to watch Monday, Oct. 23
1. U.S. equities edge lower in premarket trading Monday, with S&P 500 futures down 0.36%. Bond yields continue to hover around 16-year highs, with that of the 10-year Treasury at simply under 5% — and financiers must get utilized to it. Here’s why I believe issues about our existing financial minute are rather overblown.
2. Club holding Walt Disney (DIS) is close to reaching a cash-and-stock offer to sell its India operations to to Reliance Industries (RLNIY), Bloomberg reports Monday, mentioning individuals familiar with the matter. The Indian international corporation is owned by Asia’s wealthiest magnate, Mukesh Ambani.
3. Piper Sandler states its stays bullish on Club name Microsoft (MSFT), while suggesting large-cap development financiers include to their positions ahead of the basic release of the business’s artificial-intelligence assistant, M365 Copilot, on Nov. 1. Microsoft is set to report quarterly results after the closing bell on Tuesday, and here’s what the Club is looking for.
4. Piper Sandler downgrades Club holding Salesforce (CRM) to neutral from obese, while lowering its rate target on the stock to $232 a share, down from $268.
5. Mizuho raises its rate target on UnitedHealth Group (UNH) to $584 a share, up from $549, while repeating a buy score on the stock. The company decreases development approximates and rate targets throughout the cloud applications and analytics group, calling agreement development expectations “overly positive.”
6. A number of Wall Street companies lower their rate targets on cybersecurity group Okta (OKTA) after the business states customer files were accessed by hackers in another information breach, sendingout shares toppling.
7. Citing brand-new shipment hold-ups, Bernstein decreases its rate target on Boeing (BA) to $270 a share, down from $274, while preserving an outperform ranking on the stock ahead of the airplane producer’s quarterly results on Wednesday.
8. William Blair starts protection of Celsius Holdings (CELH) with an outperform ranking and no rate target, keepinginmind the business’s “attractive position” in the food and drink area. Is the consumer-packaged products company the next fantastic development story?
9. Club holding Apple (AAPL) is doubling down on generative AI, with prepares to use the innovation to all its gadgets, according to Bloomberg. “But I can inform you in no unpredictable terms that Apple executives were captured off guard by the market’s abrupt AI fever and haveactually been rushing consideringthat late last year to make up for lost time,” composes chief reporter Mark Gurman.
10. Wall Street’s forward incomes modifications and rate responses on Club name Morgan Stanley (MS) haveactually been broadly weaker following the bank’s blended third-quarter results last week. Investor dissatisfaction over its wealth management service and the lengthened downturn in investmen