Investors await the release of fresh economic data on Thursday,
as Wall Street considers how a faster-than-anticipated measure of
consumer price gains may impact future Federal Reserve policy.
Elsewhere, debate swirls around the European Central Bank’s own
crucial interest rate decision later today, while British
semiconductor designer Arm prices its hotly-anticipated initial
public offering at the top end of its indicated guidance.
Don’t Trade Without Seeing
Aflac (NYSE:AFL): Jefferies maintains its hold
recommendation. Previously set at $70, the target price has been
raised to $74.
Arista Networks (NYSE:ANET): Rosenblatt
Securities Inc. upgrades to buy from hold. PT up 21.1% to $230.
Arthur J. Gallagh (NYSE:AJG): Goldman Sachs
maintains its Buy rating on the stock. Previously set at $249, the
target price has been raised to $255.
Cadence Design (NASDAQ:CDNS): KeyBanc Capital
Markets upgrades to overweight from neutral. PT up 7.4% to
Carrier Global (NYSE:CARR): Mizuho Securities
downgrades to neutral from buy. PT reduced from $63 to $61.
Centene (NYSE:CNC): Zacks maintains a neutral
recommendation on the stock, with the target price raised from $67
Coca-Cola (NYSE:KO): Morningstar upgrades to
hold from sell. PT up 3.4% to $60.
Corebridge Financial (NYSE:CRBG): Jefferies
maintains its Buy rating. Previously set at $22, the target price
has been raised to $23.
Darden Restaurant (NYSE:DRI): KeyBanc Capital
Markets downgrades to neutral from overweight. PT down 5.4% to
Dr Horton (NYSE:DHI): Zacks downgrades to
neutral from outperform. PT down 17.1% to $121.
Duke Energy (NYSE:DUK): Barclays maintains an
overweight rating on the stock. The target price has been raised
from $96 to $97.
Enphase Energy (NASDAQ:ENPH): Goldman Sachs
downgrades to hold from buy. PT reduced from $217 to $199.
Etsy (NASDAQ:ETSY): Wolfe Research upgrades to
outperform from peerperform. Target price raised to $100.
FedEx (NYSE:FDX): Goldman Sachs maintains its
Buy rating. Previously set at USD 269, the target price has been
raised to $278.
Franklin (NYSE:BEN): Goldman Sachs downgrades
to sell from neutral. PT down 2.02% to $24.
Match Group (NASDAQ:MTCH): Evercore ISI
upgrades to outperform from neutral. PT up 20% to $60.
Metlife (NYSE:MET): Jefferies upgrades its
recommendation from hold to buy. The target price has been raised
from $58 to $72.
Moody’s (NYSE:MCO): Wolfe Research upgrades to
outperform. PT remains at $390.
Palantir Technology (NYSE:PLTR): Guotai Junan
Securities Co., Ltd. upgrades to overweight. Target price remains
Palo Alto Network (NASDAQ:PANW): Zacks
maintains a neutral recommendation with the target price raised
from $246 to $258.
Principal Financial (NASDAQ:PFG): Jefferies
downgrades to hold. PT reduced from $69 to $66.
Prudential Financial (NYSE:PRU): Jefferies
upgrades to hold from underperform. PT up 32.9% to $93.
Republic (NYSE:RSG): Zacks maintains a neutral
recommendation on the stock. The target price has been revised from
$159 to $160.
S&P Global (NYSE:SPGI): Wolfe Research
upgrades to outperform. PT remains at $453.
Solaredge (NASDAQ:SEDG): Goldman Sachs
downgrades to hold from buy. PT reduced by 11.9% to $311.
T Rowe (NASDAQ:TROW): Goldman Sachs downgrades
to sell from neutral. PT reduced from $102 to $98.
Tjx (NYSE:TJX): Zacks maintains a neutral
recommendation on the stock. The target price has been raised from
$92 to $98.
UPS (NYSE:UPS): Cowen maintains a market
perform rating. The target price has been lowered from $190 to
Welltower (NYSE:WELL): Mizuho Securities
maintains its Buy rating. Previously set at $86, the target price
has been raised to $90.
US Options Trader
Live Realtime Streaming: US Options (OPRA), NYSE, NASDAQ, AMEX
prices + Dow Jones and S&P indices – and our innovative Options
Tools, featuring Live Options Flow.
Keep An Eye Out
Futures Point Up as Investors
Anticipate Economic Data and Weigh Inflation’s Impact
U.S. stock futures are trending upward on Thursday as investors
eagerly await new economic data and contemplate the implications of
higher-than-expected inflation figures on the Federal Reserve’s
As of 05:26 ET, the Dow futures contract has risen by 52 points
or 0.2%, S&P 500 futures have gained 12 points or 0.3%, and
Nasdaq 100 futures have climbed 64 points or 0.4%.
In the previous session, Wall Street’s major indices displayed a
mixed performance as traders sought to gauge whether Fed
policymakers would consider an additional interest rate hike later
this year, following the release of the August Consumer Price Index
(CPI). The closely monitored measure of inflation in the world’s
largest economy surged to its highest level in 14 months due to
rising gasoline prices, although the annual increase in underlying
price growth was the lowest in nearly two years.
According to Investing.com’s Fed Rate Monitor Tool, the U.S.
central bank is still widely expected to maintain borrowing costs
within a range of 5.25% to 5.50% at its upcoming meeting later this
month. However, with indications of persistent inflationary
pressures, markets are estimating a slightly over one-in-three
chance that Fed officials may choose to raise rates either in
November or December.
Upcoming Inflation Data and More
On Thursday, the Fed will have more data to analyze, including
the U.S. Producer Price Index (PPI) and retail sales figures for
August, set to be released at 08:30 ET.
The monthly PPI, designed to measure the prices received by
businesses for their goods and services, is expected to increase
from 0.3% to 0.4%, mirroring the uptick in consumer prices.
Economists also anticipate a slight uptick in the annual rate of
increase, from 0.8% to 1.2%.
Retail sales are projected to have slowed to 0.2%
month-on-month, down from 0.7% in July, potentially indicating that
consumers are beginning to feel the impact of the Fed’s ongoing
campaign of interest rate hikes.
Additionally, weekly initial jobless claims are predicted to
have increased by 9,000 to 225,000. Jobless claims had reached
their lowest levels since February in the week ending September 2,
suggesting continued tightness in the U.S. labor market.
Managing labor demand and, consequently, wage growth, has been a
central focus of the Fed’s long-standing efforts to control
ECB Faces Critical Rate Decision
The European Central Bank (ECB), a significant peer of the Fed,
will make a crucial decision later on Thursday regarding whether to
raise interest rates to a record high or maintain them at already
Despite the ECB’s nine consecutive rate hikes, preliminary data
indicates that inflation in the 20-country eurozone now exceeds the
Frankfurt-based bank’s 2% target.
However, the ECB’s tightening of monetary policy, coupled with
similar moves by central banks worldwide and economic weaknesses in
China, has begun to impact the broader eurozone economy.
Manufacturing is experiencing difficulties, lending has declined,
and services have shown early signs of strain, fueling concerns
that the region may slip into a recession.
The approach that ECB officials take in their rate decision has
been a subject of intense debate. Economic concerns have led many
observers to predict that policymakers may opt to skip a rate
increase this month. However, the case for another rate hike was
bolstered after Reuters reported that the ECB intends to raise its
inflation forecast for next year to over 3%.
Arm’s IPO at the High End of Pricing
Shares in Arm will begin trading in New York later today,
following the British chip designer’s initial public offering at
$51 per share, which is at the upper end of its indicated range and
results in a fully diluted valuation of $54.5 billion.
This listing, the largest since electric-truck maker Rivian’s
approximately $12 billion debut in 2021, was driven by strong
demand, resulting in significant oversubscription of the stock.
Many of Arm’s major clients, including Apple (NASDAQ:AAPL), Nvidia
(NASDAQ:NVDA), and Google-parent Alphabet (NASDAQ:GOOGL), have
already committed to being cornerstone investors.
While the IPO’s value is lower than the $64 billion that Arm
owner SoftBank (TYO:9984) spent last month to acquire the 25% stake
in the company that it did not already own, it still surpasses
SoftBank’s $40 billion sale of Arm to Nvidia, which was abandoned
in 2022 due to regulatory opposition.
Arm’s IPO is expected to serve as an indicator of the recently
dormant IPO market, which has remained relatively quiet due to
economic uncertainty and elevated interest rates.
Oil Prices Near 10-Month Highs
Oil prices are on the rise on Thursday, with traders closely
monitoring predictions of tight supplies throughout 2023 and
anticipating a positive demand outlook, despite an increase in U.S.
The International Energy Agency (IEA) largely maintained its
estimates for demand growth this year and the next in its monthly
report on Wednesday, aligning with the Organization of Petroleum
Exporting Countries (OPEC) in expecting further tightening of oil
markets this year.
Supported by recent extensions of oil output cuts by Saudi
Arabia and Russia, both oil benchmarks reached 10-month highs in
the previous session. Markets largely shrugged off a 4
million-barrel increase in U.S. crude inventories last week,
contrary to analysts’ expectations of a 2 million-barrel
As of 05:27 ET, U.S. crude futures were trading 0.5% higher at
$88.97 per barrel, while the Brent contract had risen 0.5% to
Corebridge Financial (NYSE:CRBG)
Gráfico Histórico do Ativo
De Nov 2023 até Dez 2023
Corebridge Financial (NYSE:CRBG)
Gráfico Histórico do Ativo
De Dez 2022 até Dez 2023