Top 10 things to watch on Friday, May 10th
- Wall Street is poised to trade even higher on Friday. If the pre-market movement is maintained throughout the session, Dow This marks their 8th consecutive day of wins. In a relatively quiet week of economic data, all three major indexes rose more than 1%, led by a 1.8% rise in the Dow Jones Industrial Average. As of Thursday’s close, the S&P 500 was less than 1% below its March 28 high.
- Public utilities have been doing well recently. The construction of AI data centers and the need for electric power generation from EVs are igniting this long-dormant field. Case in point, constellation energy The stock adds to Thursday’s nearly 4% rise. Solid quarter. Mizuho raised the price from $132 to $217 per share. The catch-up is certain: $217 is close to current levels. Maintain a neutral rating.
- Novavax has signed an agreement with French pharmaceutical company Sanofi to jointly commercialize the company’s coronavirus vaccine starting next year. The stock price of Novavax, which has fallen into financial trouble, has more than doubled. The license agreement allows Novavax to lift the “continued concern” warning.
- Chinese EV manufacturer Zeekr Intelligent Technology The 21 million shares were priced at $21 per share, the high end of the expected range. Zeekr is scheduled to begin trading on the New York Stock Exchange on Friday. Hong Kong-based Geely Automobile owns 50%. Zeekr is the latest Chinese EV maker to enter the U.S. public market.
- shares of sweet green Sales soared more than 20% after the company’s first-quarter results showed better-than-expected same-store sales and restaurant profit margins. The company’s stock has received multiple price target increases from analysts including Piper Sandler. Overall a great quarter for the salad chain.
- KeyBanc upgrade warner bros discovery Buy from Hold. This is clearly an outlier considering the company missed the quarter but saw streaming growth. Club announces streaming bundle named after him disney. WBD stock is rising after Thursday’s 3% rise.
- Akamai It will explode. Weak quarter and weak guidance. This is his third content delivery network to do this. The stock price fell 9%. There is a lot of rationalization going on among customers. But the cybersecurity part is good and growing rapidly.
- Several Wall Street analysts, including BTIG and JPMorgan, lower their price targets. roblox I was surprised by this after the video game platform lowered its full-year booking outlook, sending the stock down 22% on Thursday. The decline prompted analysts at MoffettNathanson to upgrade the stock from sell to hold.
- tapestry‘s fiscal third-quarter profit beat Wall Street expectations. However, the company lowered its full-year earnings forecast. The Coach and Kate Spade brand owners cited “more moderate trends” in North America and China.
- Stifel downgrades once-loved, now-hated product to hold off on purchases planet fitness. Analysts have questioned the volatility of the company’s earnings.
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