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Exploring Monday's Stock Market Movers

USAMonday, December 2, 2024
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Monday is shaping up to be an interesting day in the stock market. Let's dive into some key things to watch. Black Friday spending was a bit higher than expected, with a 3. 4% overall increase and a significant 14. 6% boost in online shopping. This is great news for companies like Square, which powers online payments. Analysts at Bernstein are big fans of Square, expecting it to grow even faster. Meanwhile, Mastercard noted that online clothing sales were particularly strong. In the finance world, JPMorgan is feeling positive about Affirm and SoFi, upping their price targets. Wells Fargo, however, is a bit more cautious about Coca-Cola, lowering its target but keeping a positive rating. Over in retail, Five Below is looking strong, with analysts expecting a big earnings beat. BlackRock is making waves by considering a move into private credit, eyeing a deal to buy HPS Investments for a cool $12 billion. In tech news, Jeff Bezos and Samsung are teaming up to invest in an AI chip startup, Tenstorrent. This startup is being seen as a potential challenger to Nvidia. Medical device companies are also making headlines. Morgan Stanley is now bullish on Intuitive Surgical, seeing big opportunities in areas like brain tumor removal. Disney is also back in the spotlight, with "Moana 2" raking in $221 million over the Thanksgiving weekend. Tesla is offering 0% loans in China to boost sales, and Roth MKM has upgraded it to a buy. Lastly, Marvell Technology is looking strong, with its price target lifted to $122 after its CEO bought a million dollars worth of stock.
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