Alibaba, Boeing, Carnival, Deere, Eli Lilly, Home Depot, Marathon Oil, Realty Income, Under Armor and More – 24/7 Wall St.


Futures were lower on Tuesday, after another attempt by investors to rally the markets, after weeks of losses, finally paid off on Monday. All major indices closed higher, with bank and energy stocks leading. Last Friday, the Dow Jones industrial average ended the week down for eight consecutive weeks, the longest consecutive loss since 1932, near the peak of the Great Depression.

Monday’s rally was encouraging for investors, and there could be some big monthly rebalancing by the end of this week to extend the risk-on move. However, the macro picture is very chaotic, and the path with the lowest resistance may still be lower until we get to the climax of the wash-out surrender sale.

Brent and West Texas Intermediate crude both closed moderately higher, as gasoline prices continued to enter an all -time high as we approach Memorial Day weekend, the unofficial start of summer vacation and driving season. Natural gas exploded higher on Monday, closing 6% at $ 8.74, while gold traded slightly higher and Bitcoin closed less than 1%.

24/7 Wall St. reviews. dozens of analyst research reports every day of the week with the goal of finding new ideas for investors and traders. Some of this analyst’s daily calls cover stocks to buy. Other calls cover stocks to be sold or avoided. Note that no one analyst call should be used as the basis for buying or selling a stock. The consensus analyst’s target data is from Refinitiv.

These are the top upgrades, downgrades, and startups the analyst saw on Tuesday, May 24, 2022.

Alibaba Group Holding Ltd. (NYSE: DOWN): Baird reiterated an Outperform rating but lowered the $ 160 price target to $ 144 ahead of this week’s earnings report. The agreed target was $ 172.38 and the closing print on Monday was $ 87.31.

American Express Co. (NYSE: AXP): Goldman Sachs stuck to a Buy rating on credit card and head of financial services after a positive meeting of investors. The company’s $ 220 target price is above the $ 198.44 agreed target. The stock closed nearly 4% higher on Monday at $ 159.04.

Amgen Inc. (NASDAQ: AMGN): SVB Leerink has begun to take over the reputable biotechnology stock with a Market Perform rating and a $ 256 price target. The target consensus is $ 249.34. Last trading on Monday was reported at $ 249.04.

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Autodesk Inc. (NASDAQ: ADSK): Stifel reiterated the Buy rating but lowered the target price to $ 230 from $ 285 ahead of the earnings report expected on Thursday. The target consensus is $ 276.25. The stock closed more than 4% on Monday at $ 183.51.

Blue Owl Capital Inc. (NYSE: OWL): Goldman Sachs reiterated its Buy rating and has a $ 16.25 target. The target consensus is $ 16.06. Monday’s closing was at $ 11.77.

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