Streetbeat News

Analyst Ratings

AMD

AMZN

NVDA

QQQ

SPY

TSLA

US stocks are expected to open lower following the Independence Day holiday, with traders cautious due to major averages trading at multi-month highs. Despite a weak manufacturing reading, US stocks closed slightly higher on Monday. Noteworthy sector performances included advancements in consumer discretionary stocks, along with buying interest in utility, financial, real estate, and consumer staple stocks. However, healthcare and IT stocks experienced declines. Fundstrat's Tom Lee expects the S&P 500 Index to end the year at 4,825, up from his earlier estimate of 4,750. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) slipped 0.40% and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.58%. Tesla, Inc. (NASDAQ:TSLA) fell about 0.80% in premarket trading, and big tech stocks such as Nvidia Corp. (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NYSE:AMD), and Amazon.com Inc. (NASDAQ:AMZN) also moved to the downside.

Portfolio Pulse from Shanthi Rexaline

July 05, 2023 | 10:50 am

SCHW

Piper Sandler analyst Patrick Moley maintains an Overweight rating on Charles Schwab (NYSE:SCHW) but lowers the price target from $75 to $69.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:49 am

MKTX

Piper Sandler analyst Patrick Moley maintains a Neutral rating on MarketAxess Holdings (NASDAQ:MKTX) and lowers the price target from $375 to $260.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:48 am

ICE

Piper Sandler analyst Patrick Moley maintains an Overweight rating on Intercontinental Exchange (NYSE:ICE) and raises the price target from $125 to $135.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:46 am

HOOD

Piper Sandler analyst Patrick Moley maintains a Neutral rating on Robinhood Markets (NASDAQ:HOOD) and raises the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:44 am

BGC

Piper Sandler analyst Patrick Moley maintains an Overweight rating on BGC Group (NASDAQ:BGC) but has lowered the price target from $8.5 to $7.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:43 am

GOOGL

Piper Sandler analyst Thomas Champion maintains an Overweight rating on Alphabet (NASDAQ:GOOGL) and raises the price target from $128 to $140.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:38 am

HTZ

Jefferies analyst Stephanie Moore has initiated coverage on Hertz Global Holdings (NASDAQ:HTZ) with a Buy rating and a price target of $24.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:32 am

TRIN

Jefferies analyst Kyle Joseph has initiated coverage on Trinity Cap (NASDAQ:TRIN) with a Buy rating and a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:31 am

YMM

Morgan Stanley analyst Eddy Wang has initiated coverage on Full Truck Alliance Co (NYSE:YMM) with an Overweight rating and a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:29 am