1. CoreWeave's Disappointing Guidance - CoreWeave surprised investors with better-than-expected third-quarter revenue, yet their stock is down over 10% this morning due to disappointing full-year guidance. Despite strong demand, the AI infrastructure provider faced challenges as it relied on a subcontractor, and a crucial deal with Core Scientific did not materialize, impacting investor confidence.
2. Nasdaq Opens Lower Amid Big Tech Pressure - The Nasdaq index is set to open lower today, primarily influenced by the weakness in CoreWeave's stock. This follows a significant gain for both the Nasdaq and the S&P 500, buoyed by lawmakers' progress towards resolving the historic government shutdown, which had previously boosted market optimism.
3. UBS Upgrades Linde - UBS has upgraded its rating for Club holding Linde from hold to buy. Analysts are optimistic about Linde’s projected earnings growth in 2026, viewing it as a strong catalyst for share performance. As a result, Linde's stock has risen by over 1% this morning.
4. Tyson Foods Price Target Increased - Bernstein analysts have raised the price target for Tyson Foods from $52 to $60. They highlighted that chicken margins for brands like Jimmy Dean and Hillshire Farm remain robust, even amidst high beef prices. Similarly, Texas Roadhouse has also been navigating the challenges of beef inflation.
5. Bank of America Lowers Monday.com Target - Bank of America has decreased its price target for Monday.com from $205 to $195. The decision comes after a small third-quarter earnings beat, coupled with a reduced fourth-quarter outlook, raising concerns about the company's growth trajectory. Consequently, shares of the enterprise software stock fell by 1% early this morning.
6. Citi Raises Expedia Price Target - Citi analysts have increased their price target for Expedia from $206 to $281 following a remarkable 17.5% surge in the stock after impressive earnings. Despite the upgrade, they maintained a hold rating, indicating that current stock levels present a balanced risk/reward scenario. This morning’s gains extend Expedia’s winning streak to five consecutive sessions.
7. Barclays Adjusts Cummins Price Target - Barclays has hiked its price target for Cummins from $430 to $515 while maintaining a hold rating. Analysts noted that recent remarks from management regarding the on-highway market suggest it may be past peak negativity, which could bode well for the company’s prospects.
8. BMO Capital Upgrades Instacart - BMO Capital has upgraded Instacart from hold to buy, maintaining a price target of $58. Following a better-than-expected quarterly performance, analysts believe that the company’s current quarter guidance appears conservatively optimistic. Instacart shares have seen gains this morning after consecutive positive sessions.
9. Rocket Lab Reports Stronger Performance - Shares of Rocket Lab rose nearly 9% this morning after the company reported a narrower-than-expected loss and better-than-anticipated revenue. Their current quarter guidance at the midpoint also exceeded expectations, prompting Stifel and Roth Capital to raise their price targets to $75.
10. Paramount Skydance's Positive Quarterly Numbers - Benchmark analysts have indicated that quarterly numbers from Paramount Skydance reveal significant leverage in their business model. They raised the price target from $16 to $19 while maintaining a buy rating. In addition, Paramount announced it expects to achieve $1 billion in merger savings, leading to a 4.5% jump in its stock price.
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