Asian stocks decline as Japan’s market reopens after a major earthquake, echoing Wall Street’s weak start to 2024. Treasury yields and oil prices fluctuate amid concerns over inflation and geopolitical tensions.
Apple receives second major downgrade while Nike is predicted to rebound after back-to-back down years. Meanwhile, analysts offer varying takes on other stocks including Mattel, Allstate, PayPal, American Express, and Analog Devices.
Following Micron Technology’s strong quarterly earnings report, Wall Street analysts provide mixed reactions, with some seeing significant upside potential and others remaining cautious.
Bank of America raises rating for Adecoargo, while Piper Sandler downgrades Albemarle. Bernstein raises price targets on mining stocks. UBS downgraded United Rentals. Raymond James downgrades Lululemon. Oppenheimer labels Domino’s Pizza a ‘must-own’ stock. Spotify layoffs result in raised estimates. Roth MKM upgrades Hyster-Yale. JPMorgan bullish on Brazilian financial disruptor XP. Piper Sandler downgrades Albemarle on lithium price declines. BofA upgrades Adecoagro.
World stock markets display mixed performance as Wall Street concludes its best month of the year
Bank of America upgrades Generac to neutral, ESPN Bet launch provides potential boost, Guggenheim expects limited upside from Salesforce’s results.