![]() ![]() Energy has quietly been a market leader in recent weeks. Recently, brought some more Coterra Energy (CTRA) on a dip and sold some Halliburton (HAL) after a run. Still one of the better quarters of the group thus far. ![]() ![]() Club name Pioneer Natural Resources (PXD) price target raised to $281 per share from $275 at Stifel. Credit Suisse raises its earnings estimates and price target on Walmart (WMT) to $180 from $170 ahead of its report next week. Target (TGT) price target lowered to $142 per share from $163 by Barclays and $160 from $200 by Guggenheim ahead of earnings next Wednesday. They reiterate PANW as one of their top picks in their coverage. Still, Piper sees this as transitory and doesn't impact their thinking of their five-year view of the cybersecurity leader. The analysts think earnings "should prove more durable than perceived" but there are some risks around mid-term free cash flow targets due to billings compression that is happening for many companies in the industry. Piper Sandler is the latest to opine on Club name Palo Alto Networks' (PANW) upcoming Friday night earnings report and analyst update. The analyst expects the company will outperform peers Arista Networks (ANET) and Juniper Networks (JNPR) due to strong enterprise demand. Citi opens a 30-day upside catalyst watch on Cisco Systems (CSCO) ahead of its quarter. The group sorely needs it as many stocks have traded poorly except for Club name Eli Lilly (LLY). Citi sees a "non-zero probability" of this happening and thinks a ruling could come as early as the first quarter of 2024. Citi thinks the global pharmaceutical sector could rally if a federal judge rules in favor of Merck (MRK) in the company's lawsuit over a drug prices program of the Inflation Reduction Act. Leverage is high, but free cash flow generation is improving and can support the 3.4% dividend. If the housing market has bottomed, Stanley should see a big upswing in its business. Our pushback is that the company is ahead of plan on its global reduction program so we have no reason to doubt them as of now. The analysts think management's plan to reduce costs by $2 billion, which would set the company on a path to earn more than $7 per share in 2025, is the bull case scenario and not the base case. Club name Stanley Black & Decker (SWK) gets downgraded to underperform from peer perform (sell from hold) by Wolf Research, largely due to valuation. Here's our commentary on what's going on. Apple (AAPL) and Nvidia (NVDA), the Club's two "own it, don't trade it" stocks and big 2023 winners, are under pressure again early Friday. Read how more than a trillion dollars of government infrastructure spending can benefit CAT and two others. The Dow is holding up better in August on the strength of some industrials including Club name Caterpillar (CAT). After yesterday's benign CPI report, July producer price index come in a little hotter than expected up 0.3% month over month versus 0.2% expected. The S & P 500 is on track for a small weekly decline. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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