COMP
Nasdaq rallying on tech strength; analysts boost Apple targets
- The Nasdaq (COMP) +1.3% is the clear leader in the major averages,
with Apple on the front foot ahead of earnings this week.
- The tech-heavy index is looking to make it five-straight days of gains.
- The S&P (SP500) +0.3% is modestly higher and the Dow (DJI) -0.4%
bucking
the trend and falling. The price-weighted index is getting dragged down
by
financial components and Boeing.
- Apple got some price-target hikes from Wall Street ahead its earnings
report on Wednesday. Wedbush's Dan Ives raised his target to a
Street-high
$175. Raymond James upped its target to $150 on a move in iPhone sales to
higher-end models.
- Six of the 11 S&P sectors are higher, led by Info Tech (NYSEARCA:XLK).
- AMD is also helping with a modest beat expected on earnings.
- All the Big Six megacaps are in the green, with Tesla edging Apple for
the top spot.
- Cyclicals are struggling, with Energy (NYSEARCA:XLE) and Financials
(NYSEARCA:XLF) are at the bottom, both down more than 1%.
- Rates are sliding, with the 10-year Treasury yield down 2 basis points
to 1.07%.
- And the retail vs. shorts battle continues on GameStop, with shares up
another 40% and closing in on $100.
|Today, 9:42 AM|6 Comments
Nasdaq rallying on tech strength; analysts boost Apple targets
- The Nasdaq (COMP) +1.3% is the clear leader in the major averages,
with Apple on the front foot ahead of earnings this week.
- The tech-heavy index is looking to make it five-straight days of gains.
- The S&P (SP500) +0.3% is modestly higher and the Dow (DJI) -0.4%
bucking
the trend and falling. The price-weighted index is getting dragged down
by
financial components and Boeing.
- Apple got some price-target hikes from Wall Street ahead its earnings
report on Wednesday. Wedbush's Dan Ives raised his target to a
Street-high
$175. Raymond James upped its target to $150 on a move in iPhone sales to
higher-end models.
- Six of the 11 S&P sectors are higher, led by Info Tech (NYSEARCA:XLK).
- AMD is also helping with a modest beat expected on earnings.
- All the Big Six megacaps are in the green, with Tesla edging Apple for
the top spot.
- Cyclicals are struggling, with Energy (NYSEARCA:XLE) and Financials
(NYSEARCA:XLF) are at the bottom, both down more than 1%.
- Rates are sliding, with the 10-year Treasury yield down 2 basis points
to 1.07%.
- And the retail vs. shorts battle continues on GameStop, with shares up
another 40% and closing in on $100.
|Today, 9:42 AM|6 Comments
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