10 things to watch in the stock market on Thursday, including the latest outlook for Nvidia

1. Wall Street is looking to extend Thursday’s record gains. Nasdaq It’s back on top again, with the tech-heavy index now up for a seventh straight session. S&P 500Meanwhile, it has risen in six of the past seven trading days. U.S. markets were closed on Wednesday for Independence Day.
2. NVIDIA Shares are rising as the leading artificial intelligence chipmaker looks to extend its lead as the most valuable public company, narrowly beating out fellow club names. Microsoft In its first trading appearance on Tuesday, Stifel raised its price target on Nvidia to $165 a share from $114, implying an upside of about 22% from Tuesday’s closing price.
3. Darden Restaurant The company reported fourth-quarter fiscal 2024 sales and profits that beat expectations slightly, but flat same-store sales growth was slightly below expectations. Olive Garden fell 1.5% for the quarter that ended May 26, while LongHorn Steakhouse rose 4%. Darden’s fiscal 2025 guidance was roughly in line with expectations. The company also increased its dividend by 6.9%.
4. Club Name Honeywell The company is capitalizing on its expansion into aerospace and defense with its $1.9 billion all-cash acquisition of CAES System Holdings from private equity firms. The company said the acquisition is expected to be accretive to adjusted earnings per share in the first full year. CAES’s products include antennas and missile measurement solutions.
5. KeyBank has raised its target price for its club holdings Meta Platform The company raised its stock price to $540 from $475 a share, representing an increase of about 8% from Tuesday’s closing price, citing “significant increases” in advertising prices. Analysts now think the social media giant’s second-quarter revenue will be “approaching” the high end of its guidance.
6. Advanced Micro Devices The company has not participated in the recent AI stock rally, but Piper Sandler named the stock its top big semiconductor pick for the second half of the year after meeting with management.
7. AccentureAlthough third-quarter revenue and profit fell short of expectations, the consulting firm’s performance wasn’t as bad as feared, and its shares are soaring in early trading. Investors seem to be comforted by the company’s more than $900 million in generative AI orders.
8. Keefe, Bruyette & Woods raised its price target. Citigroup The stock rose to $69 from $66 a share after the bank held an investor day focused on its Citi services business. Analysts at KBW maintained a “hold equivalent” rating on Citi.
9. Club Name Eli Lilly The company published an open letter condemning the use of GLP-1 drugs for cosmetic weight loss and warned about the risks of using combination drugs with tirzepatide, the active ingredient in fast-growing obesity treatment Zepbound and type 2 diabetes treatment Maunjaro. Eli Lilly’s shares closed at a record high of $891.46 per share on Tuesday.
10. Tesla RBC Capital lowered its price target to $227 from $293, but the analyst maintained an outperform rating on the electric car maker’s shares. RBC is considering splitting some of its robotaxi revenue contributions with Tesla. Uber and lift.

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