Hourly Market Review - Feb 26, 2024 10 AM
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.