Hourly Market Review Feb 6,2024 14 PM

Stock Market News Summary:

Neel Kashkari, the President of the Minneapolis Federal Reserve, indicated that the central bank's efforts to combat inflation are ongoing, despite observing positive data trends. Speaking at an event in Minnesota, Kashkari emphasized that it's premature to declare the battle against inflation over. This statement comes in the context of the consumer price index (CPI) recording a 3.4% annual increase in December, with the Federal Reserve aiming to reduce inflation to a 2% year-over-year target. Kashkari's remarks align with those of Federal Reserve Chair Jerome Powell, who, in a rare television interview, acknowledged progress in fighting inflation but stressed that the work is not yet complete. 

Here are the top stocks upgraded by Wall Street analyst:

Nvidia has received a rating of Strong Buy from Goldman Sachs with target price increased to $800 from $625.

Meta has received a rating of Strong Buy from Goldman Sachs with target price increased to $500 from $414.

Tesla has received a rating of Buy from Piper Sandler with target price dropped to $225 from $295.

Abbvie has received a rating of Buy from Raymond James with target price increased to $189 from $181.

Chevron has received a rating of Buy from RBC Capital with target price increased to $190 from $185.

Booking Holdings has received a rating of Buy from Oppenheimer with target price increased to $4200 from $3450.