economy
Jim Cramer's Top 10 Things to Watch in the Stock Market Friday
The S&P 500 was up early this morning after President Trump said that the U.S.-Iran war "should be ending pretty soon."
TL;DR
- S&P 500 higher open as Iran declares Strait of Hormuz open, potentially easing U.S.-Iran conflict.
- Oil prices fell approximately 10% on the news.
- iPhone shipments in China increased by 20% in the first quarter despite a general smartphone market decline.
- Netflix experienced multiple price target cuts from analysts following disappointing guidance.
- Bank of America shifted its preference from JPMorgan to Goldman Sachs on its best ideas list.
- Danaher's price target was lowered due to concerns about its legacy business impacting growth.
- Procter & Gamble's price target was slightly trimmed by JPMorgan ahead of earnings.
- Estee Lauder's price target was cut, and it was removed from JPMorgan's focus list, with analysts questioning its future.
- Affirm was upgraded to a top pick by Morgan Stanley, citing reduced private credit concerns.
- Prologis' new CEO understated positive developments within the industrial real estate company.
- Abbott Laboratories received multiple price target cuts from analysts, though its buy rating was maintained.