Stifel raises S&P 500 target on falling inflation expectations, says buy cyclical stocks
Strategist Barry Bannister hiked his second- and third quarter S&P 500 target price to 4,400 from 4,200.
Outlook for household spending slumped in April, New York Fed survey shows
The central bank Survey of Consumer Expectations for April showed that the outlook for spending fell by half a percentage point to an annual rate of 5.2%.
If Supreme Court affirms Biden student loan forgiveness plan, some college ‘stopouts’ may reenroll
The Supreme Court’s decision on student loan forgiveness could bring back students who started college but never finished, a new report says.
House Judiciary chair threatens to hold Google in contempt of Congress for failing to produce subpoenaed documents
Jordan had subpoenaed the CEOs of Alphabet, Amazon, Apple, Meta and Microsoft in February, demanding they hand over communication with the U.S. government.
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day.
Bank of America says this cybersecurity stock commands a premium valuation
Bank of America upgraded Fortinet shares to a buy rating, citing the company’s strong execution and impressive financials.
This aluminum producer’s shares can rally nearly 50%, JPMorgan says
JPMorgan said the aluminum stock’s low- and zero-carbon technology makes it well-positioned for growth.
UBS upgrades this pool equipment stock ahead of a potential demand rebound
UBS says Pentair shares could rally more than 24% as demand in the pool sector is expected to rebound later this year.
JPMorgan says this airline stock can more than double as demand for international travel grows
JPMorgan said this upgrade reflects a long-term shift in which “the Big 3” airlines have seized the high ground from the “discounters.”
