Hourly Market Review - Feb 23, 2024 10 AM

Stocks are experiencing an upward trend on Friday, following a significant rally on Thursday. The focus remains on Nvidia, a leading chip manufacturer, which has seen its shares increase by another 4% on Friday, reaching a market capitalization of $2 trillion for the first time. Meanwhile, the yield on the benchmark 10-year Treasury note has slightly decreased to 4.32% early on Friday, down from the previous day.

Movers of the hour:

AXT is up 80.70% at $4.12.  

Maravai is up 53.55% at $7.85.  

Carvana is up 39.92% at $73.33.  

Sleep Number is up 34.71% at $14.89.  

Intuitive Machines is up 21.98% at $10.10.  

Here are the top stocks upgraded by Wall Street analyst:

Nvidia has received a rating of Strong Buy from Truist Securities with target price increased to $911 from $691.

Walmart has received a rating of Buy from RBC Capital with target price increased to $189 from $168.

Analog Devices has received a rating of Buy from Keybanc with target price increased to $230 from $220.

Gilead Sciences has received a rating of Neutral from Truist Securities with target price dropped to $82 from $91.

Workday has received a rating of Buy from JP Morgan with target price increased to $300 from $260.

Snowflake has received a rating of Neutral from UBS with target price increased to $225 from $185.