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Hourly Market Review - Feb 26, 2024 10 AM

AInvestMonday, Feb 26, 2024 10:00 am ET
1min read

Last week, major stock indexes reached new all-time highs, driven by demand for AI and cloud technologies, and the excitement surrounding the first U.S. moon landing in 51 years. Nvidia's performance played a significant role in the rally, with its shares contributing to the upward momentum.

This week, attention shifts to Washington, D.C., as Congress debates the budget, which is crucial for avoiding a government shutdown. Investors are also focused on upcoming economic data, including the revised estimate for Q4 GDP and the Personal Consumption Expenditures (PCE) prices data, which is the Federal Reserve's preferred inflation metric.

Movers of the hour:

Agiliti is up 29.58% at $9.90.  

R1 RCM is up 26.67% at $14.05.  

Butterfly Network is up 25.50% at $1.28.  

Altimmune is up 23.59% at $11.36.  

Krystal Biotech is up 22.99% at $136.93.  

Here are the top stocks upgraded by Wall Street analyst:

Intuit has received a rating of Buy from Piper Sandler with target price increased to $750 from $642.

Mercadolibre has received a rating of Buy from Wedbush with target price increased to $2000 from $1800.

Capital One has received a rating of Strong Buy from Citigroup with target price increased to $165 from $152.

Ross Stores has received a rating of Neutral from UBS with target price increased to $142 from $85.

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.