Analysts' upgrades & downgrades - Apple, Diamondback Energy, Las Vegas Sands, Square, Stitch Fix, Chevron, Exxon Mobil 🤔
Friday, 17th September 2021 by Gotrade
TGIF! Let’s end off the week by taking a look at some of the stocks that have gotten upgraded or downgraded by analysts 🤔
Exxon Mobil (XOM) - No change in its overweight rating, and $76 price target. Current stock price: $55.82.
Why is this important? Analysts do their research into companies by looking at public financial statements, listening in on conference calls, and talking to managers and the customers of a company. They use all of the information that they gather to come up with a rating, and a price target of what they think the stock price should be, or will reach. Basically, they are doing all this research for investors to use to make informed decisions. Not bad, eh? 😉
📉 Casino stocks are declining ⏬
The Chinese government isn’t just cracking down on tech companies. They now have their eyes set on the gaming industry in Macau. 🤦 The proposed regulations include the process of issuing licenses, the duration of said licenses, and the level of government oversight on the industry. This has led to a massive sell-off of casino stocks. No surprise there!
📈 Pfizer & Moderna support booster shots 💉
Both Pfizer (PFE) and Moderna (MRNA) are of the opinion that booster shots help to boost antibodies against Covid and increase protection against the virus. Pfizer thinks that protection against the virus will be boosted to 95% with a third dose.
Moderna has also released data from a study that breakthrough cases were less frequent in people who were more recently vaccinated with its two-shot vaccine, supporting the case for booster shots.
The government will be meeting to debate about boosters today. At the moment, the FDA has declined to take a stance regarding boosters, citing a lack of evidence to support its need.
Shares of Pfizer and Moderna are up 20.81% and 294.39% year-to-date respectively. 🚀
Top movers & shakers 🎢
What else is making headline news 📰
Popular companies releasing earnings this week 💰
Friday: Manchester United (MANU)
A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.
The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.
That’s all from us for now.
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The legal stuff 🤓
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