10 things to watch in the stock market on Tuesday after Nasdaq closes at record high

1. Wall Street is expected to open lower on Tuesday, a day after a heavy market surge in tech stocks. Nasdaq Composite Index It closed at its highest price ever. S&P 500 and Dow The S&P 500 also rose to open the holiday-shortened trading week. The index started Tuesday just 0.2% lower from its record hit on June 18. The Dow started the day about 2.1% lower from its record hit on May 17.
2. Stifel raised its price target. Costco and Walmart A detailed look at the U.S. grocery market has found that the stock prices of both companies are accelerating. Analysts raised their price target for Costco to $900 a share from $850, implying a 6.4% upside from Monday’s closing price. Stifel raised its price target for Walmart to $71 a share from $69, implying a 5.2% upside.
3. The City is working with homebuilder DR Horton Renner The company cut its rating to “hold equivalent,” reflecting a slowdown in the housing market caused by rising interest rates. Both stocks were down on Tuesday morning.
4. Seaport Research downgrade Goldman Sachs The firm raised its rating to “hold equivalent” due to concerns about valuation after the investment bank’s stock price has performed well this year. Since mid-April alone, the stock has risen about 19%. Bank of AmericaThe company said its shares are still cheap and its loan book is improving.
5. Piper Sandler made a bold assessment. Crowdstrike After the surge, they downgraded the cybersecurity stock to the equivalent of hold from overweight. The analyst still sees growth opportunities for CrowdStrike but argues that the risk/reward balance is unattractive at current levels. The company’s shares have risen nearly 54% this year and more than doubled in the past 12 months.
6. GE Aerospace The company extended CEO Larry Culp’s contract through 2027. Boeing The CEO split up industrial conglomerate General Electric into three separate companies: GE Aerospace, focused on power; GE Vernova Club Events GE Healthcare.
7. RBC Capital lowered its price target after last week’s poor performance, sending the stock down to $12 from $22 a share. Walgreens Boots Alliance $100 to $75 per share NikeShares in both companies plummeted following disappointing earnings and guidance cuts.
8. MoffettNathanson lowers target price for club name Disney Disney shares have risen from $130 to $125 a share, but we maintained our buy recommendation following a tough second quarter. Bank of America maintained its buy recommendation and $145 price target, citing signs of a turnaround in Disney’s content plans and strength in its long-term experience. We bought more Disney shares on Monday.
9. Wells Fargo lowered its price target. Las Vegas Sands $60 to $58 per share, club name Wynn Resorts The stock rose to $126 from $128. Analysts maintained their buy recommendation on the casino operator. There’s a lot of upside to the price target, but it’s clear that no one wants to get involved with China.
10. Guggenheim Removed McDonald’s The firm removed the fast-food giant from its “best ideas” list and lowered its price target to $280 from $315, which would represent a 12% upside from Monday’s closing price. It still maintained a buy recommendation on the stock.

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