stocks
Friday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
Oil prices fell and the Dow Industrials soared more than 900 points Thursday after President Trump said the U.S. will soon sign a deal with Iran.
TL;DR
- SpaceX IPO is scheduled for Friday on the Nasdaq under the symbol SPCX, with an expected valuation of $75 billion.
- Oppenheimer has rated SpaceX stock as a buy with a 12-month price target of $190.
- ARK Venture Fund and Baron Focused Growth Fund, major holders of SpaceX, have recently hit new highs.
- Several other space stocks like Iridium Communications and Virgin Galactic have shown notable performance, with some experiencing volatility.
- Multiple established companies including Ralph Lauren, Citigroup, MetLife, State Street, DaVita, CSX, Sandisk, Steel Dynamics, and Prologis have reached all-time or multi-year highs.
- Consumer Staples is the top performing S&P sector this week, with Casey's General Stores, J.M. Smucker, and Dollar General leading the gains.