economy
The Club's top 10 things to watch in the stock market Friday
Stocks are headed for a mixed open following Thursday's record S&P 500 close.
TL;DR
- Markets expected a mixed open after the S&P 500 hit a record high.
- Oil prices increased following U.S. Secretary of the Treasury's comments on potential economic measures against Iran.
- Applied Materials shares fell despite sales growth due to not meeting high expectations, though its adjusted EPS surpassed forecasts.
- Sandisk shares continued to rise following positive analyst sentiment and a prior upgrade.
- Reddit's stock surged as it prepares to join the S&P 500, marking a recovery after a year of declines.
- Workday is reportedly in acquisition talks, leading to an earlier surge in its stock price.
- Price targets for cybersecurity stocks Palo Alto Networks and CrowdStrike were raised by RBC Capital.
- Capital One remains a top pick in credit cards, with strong performance expected due to the Discover deal and buybacks.
- T-Mobile was downgraded due to increased competition and potential impact from SpaceX's Starlink.
- Wayfair's stock increased following an upgrade and signs of durable growth.
- Fox received buy ratings from JPMorgan and Wells Fargo, with analysts positive on the Roku acquisition and anticipating a boost from the World Cup.