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Hourly Market Review - Feb 23, 2024 10 AM

AInvestFriday, Feb 23, 2024 10:00 am ET
1min read

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.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.