Equity Volatility Rising
Equity volatility rose to the highest levels since April as the seismic rotation out of U.S. mega-cap stocks continued for a second straight week….
Equity Market Tendency for July
Investment-grade corporate bonds remain attractive given their lower risk and relatively high yields. Long-term investors who can handle volatility might consider high-yield bonds and preferred securities, but we wouldn’t suggest large positions in either.
2024 Mid-Year Outlook: Corporate Bonds
Investment-grade corporate bonds remain attractive given their lower risk and relatively high yields. Long-term investors who can handle volatility might consider high-yield bonds and preferred securities, but we wouldn’t suggest large positions in either.
ADBE price target lowered
TD Cowen’s J. Derrick Wood lowered their price target on Adobe (NASDAQ: ADBE) by 2.3% from $640 to $625 on 2024/06/10. The analyst maintained their Strong Buy rating on the stock.
Bull case down but not out
Target reported its Q1 2024 earnings on 2024/05/22.
Cutting their price target in response, Trussell argued that “the bull case on Target is down but not out.”
Strong conviction by Citigroup & B. Riley Analysts
Citigroup’s Ronald Josey raised their price target on Wixcom (NASDAQ: WIX) by 15.4% from $175 to $202 on 2024/05/21. The analyst maintained their Strong Buy rating on the stock. READ MORE
