Eli Lilly and Company, Pharmaceutical firm headquarters in Alcobendas, Madrid, Spain.
Cristina Arias | Cover | Getty Images
My top 10 things to watch Monday, Jan. 22
1. This is a giant week for the markets. As I wrote in my Sunday column, we’ll discover out what it’s that may propel shares ahead — or in reverse — following the S&P 500’s new report excessive on Friday. Lots of it is going to depend upon the efficiency of the Super Six, my new moniker for the Mag Seven minus Tesla, which not is smart in the group.
2. The final time the S&P 500 closed at a brand new excessive was two years in the past, and our top-performing stock over that interval was not — shock — a mega-cap tech. No stock in the portfolio has carried out higher than Eli Lilly. Here’s a rundown of how our shares did between the index’s highs.
3. Trump vs. Haley. Florida Gov. Ron DeSantis pulled out of the 2024 presidential race and endorsed Donald Trump on Sunday, making the GOP main a two-person race heading into Tuesday’s New Hampshire vote. The former president is polling at about 50% in the Granite State, in contrast to 39% for Nikki Haley, the former governor of South Carolina.
4. TD Cowen lifted its value goal for Uber to $80 from $67. The agency likes the stock’s valuation, virtually comical, maintain outperform score. Lyft raised to $12 from $10, however sees income deceleration in This autumn on robust comps.
5. Wolfe Research likes “Mad Money” viewers fave American Airlines, upgraded to purchase from maintain with a $17 value goal. The agency sees potential near-term EPS upside in Q1. The firm stories quarterly earnings Jan. 25.
6. Truist Securities writes consistently, this time saying that Google paid search is robust and Amazon advert could be very sturdy.
7. Oppenheimer commits whole heresy and downgrades Home Depot and Lowe’s to maintain from purchase. The agency stated it was extra cautious towards house enchancment retail in the close to time period. Buyers are too complacent.
8. Nike value goal lowered to $116 from $120 at HSBC, says sporting items sector may share some similarities with luxurious and be very difficult. Downgrades Lululemon too. Could be a possibility as a result of LULU, like Chipotle, is charmed right here.
9. Stifel downgraded Linde to maintain from purchase, says outperformance could also be over. Total misinterpret of the scenario. Linde, a membership identify, has outperformed with none cyclical assist. Now it’s about to get it. Silly downgrade …
10. Enterprise software program liked as ordinary. This time Citi raves with Atlassian, Cloudflare and Datadog. The Street loves these a lot.
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