Forum

ForumMain Category: General DiscussionWeekly Update

You need to log in to create posts and topics.

Weekly Update

#1 · 10 December 2024, 6:18 pm

Quote from Admin on 10 December 2024, 6:18 pm
**Weekly Financial Update**
As we approach the end of the year, market sentiment remains optimistic, with many analysts predicting a continued bull run in 2025. Here are some key takeaways from this week's news:
* **Gap and Lululemon:** JPMorgan analyst Matt Boss upgrades Gap (GAP) to Overweight, citing improved merchandising and marketing efforts under CEO Richard Dickson. Meanwhile, Citi analyst Paul Lejuez maintains a Neutral rating on Lululemon (LULU), noting short interest remains high due to concerns over the company's US business.
* **Netflix:** Evercore ISI analyst Mark Mahaney raises his price target on Netflix (NFLX) to $950, citing the company's strong financial position and competitive advantage in the streaming market.
* **Market Outlook:** Analysts are predicting a continued bull run in 2025, with Wells Fargo strategist Christopher Harvey forecasting an S&P 500 year-end target of 7,007. This would represent a gain of over 26% from current levels.
**Market News:**
* The S&P 500 and Nasdaq Composite notched new records on Wednesday, following comments from Federal Reserve Chair Jerome Powell that the US economy is in remarkably good shape.
* The Dow Jones Industrial Average closed above 45,000 for the first time ever on Wednesday, while the tech-heavy Nasdaq Composite hit a fresh record close of 19,735.12.
* US stocks drifted lower on Thursday as investors waited for Friday's crucial jobs report and bitcoin (BTC-USD) slid after reaching a new high of over $103,000.
**Jobs Report:**
* The US economy added 227,000 jobs in November, slightly more than expected, as the labor market rebounded from October data that was dinged by severe weather and labor strikes.
* Markets were pricing in near-90% odds the Fed lowers rates by a quarter percentage point on Dec. 18, following the report.
**Corporate News:**
* Shares of Lululemon (LULU) and Ulta Beauty (ULTA) jumped after the retailers both boosted profit forecasts.
Stay informed about market news and trends with our weekly financial updates!

**Weekly Financial Update**

As we approach the end of the year, market sentiment remains optimistic, with many analysts predicting a continued bull run in 2025. Here are some key takeaways from this week's news:

* **Gap and Lululemon:** JPMorgan analyst Matt Boss upgrades Gap (GAP) to Overweight, citing improved merchandising and marketing efforts under CEO Richard Dickson. Meanwhile, Citi analyst Paul Lejuez maintains a Neutral rating on Lululemon (LULU), noting short interest remains high due to concerns over the company's US business.
* **Netflix:** Evercore ISI analyst Mark Mahaney raises his price target on Netflix (NFLX) to $950, citing the company's strong financial position and competitive advantage in the streaming market.
* **Market Outlook:** Analysts are predicting a continued bull run in 2025, with Wells Fargo strategist Christopher Harvey forecasting an S&P 500 year-end target of 7,007. This would represent a gain of over 26% from current levels.

**Market News:**

* The S&P 500 and Nasdaq Composite notched new records on Wednesday, following comments from Federal Reserve Chair Jerome Powell that the US economy is in remarkably good shape.
* The Dow Jones Industrial Average closed above 45,000 for the first time ever on Wednesday, while the tech-heavy Nasdaq Composite hit a fresh record close of 19,735.12.
* US stocks drifted lower on Thursday as investors waited for Friday's crucial jobs report and bitcoin (BTC-USD) slid after reaching a new high of over $103,000.

**Jobs Report:**

* The US economy added 227,000 jobs in November, slightly more than expected, as the labor market rebounded from October data that was dinged by severe weather and labor strikes.
* Markets were pricing in near-90% odds the Fed lowers rates by a quarter percentage point on Dec. 18, following the report.

**Corporate News:**

* Shares of Lululemon (LULU) and Ulta Beauty (ULTA) jumped after the retailers both boosted profit forecasts.

Stay informed about market news and trends with our weekly financial updates!