economy

We're making a Bullpen adjustment and upping 2 price targets. Plus, a bullish Wells update

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

We're making a Bullpen adjustment and upping 2 price targets. Plus, a bullish Wells update

TL;DR

  • The S&P 500 hit a record high, and the AI trade has regained momentum.
  • BWX Technologies is removed from the Bullpen watchlist due to poor performance.
  • Price targets for CrowdStrike and Palo Alto Networks are raised due to strong performance and increased demand for cybersecurity.
  • Wells Fargo CEO Charlie Scharf expressed confidence in the bank's turnaround progress, profitability targets (ROTCE), and revenue growth.
  • The article notes upcoming earnings reports from major companies and key economic data releases.

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