Analysts' upgrades & downgrades - Apple, Diamondback Energy, Las Vegas Sands, Square, Stitch Fix, Chevron, Exxon Mobil 🤔

Friday, 17th September 2021 by Gotrade

Hey Gotraders,

TGIF! Let’s end off the week by taking a look at some of the stocks that have gotten upgraded or downgraded by analysts 🤔

Apple (AAPL) - Outperform rating by Cowen, with a $180 price target. Current stock price: $148.79.

Diamondback Energy (FANG) - $130 price target by Truist Securities, up from $122. Current stock price: $80.07.

Las Vegas Sands listed as Marina Bay Sands (LVS) on Gotrade - Equal-weight rating by Wells Fargo (WFC), with a $50 price target. Current stock price: $37.52.

Square (SQ) - Price target raised to $371 by Evercore ISI. Current stock price: $255.09.

Stitch Fix (SFIX) - Price target lowered from $45 to $31 by MKM Partners, with a sell rating. Current stock price: $34.21.

Chevron (CVX) - Downgraded from overweight to neutral by JP Morgan (JPM). The price target was lowered from $128 to $111. Current stock price: $97.32.

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!

Shares of Las Vegas Sands, listed on Gotrade as Marina Bay Sands (LVS) are down 12.5% this week alone, and shares of Wynn Resorts (WYNN) are down 18.47% this week. Ouch! 🤕

📈 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 📰

  1. Video: Jim Cramer on Cathie Wood's comments on crypto and investing in China.

  2. Facebook (FB) documents show how toxic Instagram is for teens, Wall Street Journal reports.

  3. FEC says Twitter (TWTR) acted lawfully in restricting the New York Post’s article on Hunter Biden.

  4. Google (GOOG) Cloud CEO Thomas Kurian reorganizes engineering unit in hopes of gaining market share more quickly.

  5. Ray Dalio says if Bitcoin is really successful, regulators will ‘kill it’.

  6. DOJ official signals firm stance against ‘killer acquisitions’.

  7. Standard Chartered chairman still sees opportunity in China even as regulations tighten.

  8. The stock market is undergoing a slow-motion deterioration with pockets of shares down 20% or more.

  9. The iPhone 13 is already showing strong early sales in China, local media reports say.

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. 

Signing out,

Gotrade Team

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The legal stuff 🤓

Disclaimer: TR8 Securities Inc., trading as Gotrade, provides this service as general information only, without taking into account your circumstances, needs, or objectives. You should consider the appropriateness of any forecast or other information herein for your individual situation. If in doubt, you should seek independent professional advice.

Gotrade utilizes financial information providers and information from such providers may form the basis for analysis. Gotrade accepts no responsibility for the accuracy or completeness of any information herein contained. Additionally, any third-party information provided therein does not reflect the views of Gotrade or any of their subsidiaries or affiliates. Opinions are the authors; not necessarily that of TR8 Securities or any of its affiliates, subsidiaries, officers, or directors.

All investments involve risk and past performance does not guarantee future results or returns. There is always the potential of losing money when you invest in securities or other financial products. TR8 Securities Inc. is licensed to carry on business as a Labuan Securities Licensee under the Labuan Financial Services and Securities Act 2010 (License No. SL/20/0014).

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