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Hourly Market Review - Nov 27, 2024 10 AM

Market BriefWednesday, Nov 27, 2024 10:00 am ET

1min read

AAPL +0.44% HURA +4.47% IREN +2.86% QMCO +4.73% VRCA +2.46%

Movers of the hour:

Quantum is up 28.38% at $22.11.

Iris Energy is up 23.33% at $11.77.

TuHURA Biosciences is up 19.20% at $4.16.

Verrica is up 15.32% at $1.28.

Hims & Hers Health is up 13.92% at $34.99.

Here are the top stocks upgraded by Wall Street analyst:

Apple has received a rating of Buy from Morgan Stanley with target price increased to $273 from $273.

Apple has received a rating of Strong Buy from Needham with target price increased to $260 from $260.

Apple has received a rating of Strong Buy from Rosenblatt with target price increased to $262 from $261.

Apple has received a rating of Sell from Barclays with target price dropped to $184 from $186.

Apple has received a rating of Neutral from Maxim Group with target price increased to $215 from $203.

Nvidia has received a rating of Buy from Phillip Securities with target price increased to $160 from $155.

Nvidia has received a rating of Neutral from DA Davidson with target price increased to $135 from $90.

Nvidia has received a rating of Strong Buy from Benchmark with target price increased to $190 from $170.

Nvidia has received a rating of Strong Buy from Needham with target price increased to $160 from $145.

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conquistudor

11/27

$AAPL 220 announcement imminent

donutloop

Atos (ATO) looks to make stunning turnaround with recent developments 🚀 Hey all, I've been taking a look at Atos SE (ATO), an IT services company in France that's been making some recent moves that could signal a potential turnaround. Let's delve into why I'm bullish on Atos: The Background Once a high-performing stock, Atos reached highs of €64.30 in 2019, but due to mounting debt, poor management decisions, and market challenges, it's declined by 98% since then. However, in the last month, its stock price has rebounded by nearly 40%, currently trading around €1.00. Government Backing: The French government recently expressed interest in acquiring Atos' advanced computing division. This move could not only stabilize the company financially but also restore investor confidence. This signals that Atos' technology is considered strategically important, which reduces the risk of further downside. Big Partnerships and Contracts: Atos has been named the Official Technology Partner for the Invictus Games 2025, showcasing its ability to secure high-profile projects. Additionally, they have extended a €165 million contract with EUROCONTROL, ensuring a steady revenue stream. Furthermore, Atos recently delivered Finland's national AI supercomputer, which is a significant win for their Eviden brand. Innovation Leadership: Atos' Eviden supercomputers ranked #1 and #2 for energy efficiency on the Green500 list, proving its technological edge in sustainable computing. They have also made advancements in quantum emulation and AI, solidifying their position in cutting-edge tech markets. Potential Catalyst: Trading was temporarily halted by Euronext Paris, hinting at potential major announcements on the horizon. Could this be a restructuring deal or another government-backed initiative? Price Targets: Based on the current momentum and potential catalysts, here are my short- and mid-term price targets: Short Term (3-6 months): €1.20–€1.50 Driven by ongoing optimism, restructuring progress, and contract execution. Mid Term (1-2 years): €2.00–€5.00 If Atos successfully implements its turnaround strategy, reduces debt, and leverages its strategic partnerships and tech leadership. Risks: Atos is still carrying significant debt (~€5 billion), and restructuring efforts may take time to reflect in its financials. Potential equity raises to manage debt could also dilute shares. The turnaround depends on Atos' ability to deliver on its contracts and restructuring plans. Final Thoughts: While the challenges are real, the combination of government backing, strategic contracts, and innovative technology could make this a compelling opportunity for patient investors. If you're looking for a speculative penny stock with significant upside potential, ATO might be worth adding to your watchlist.

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