Does Pfizer's Next 35% Rally Begin Today?

The market began strong this morning... and by this afternoon, we flipped into the red zone. Will it be sustained? Who knows... and honestly, who cares. There'll be enough money to make in the stock market (or crypto, bonds, options, forex, or futures) every day, whether we're up 20% or down 50%.

It all starts with the companies.

And here's what Wall Street is saying about some of the biggest names today...

Top 5 Stock Upgrades

  1. Pfizer (PFE)
    • Sector: Healthcare
    • Industry: Drug Manufacturers - General
    • Country: USA
    • Market Cap: $163.54 billion
    • Current Price: $28.86
    • Analyst: Daiwa Securities
    • Upgrade: Neutral to Outperform
    • Price Target: $38
    • Reason: Daiwa upgraded Pfizer due to promising developments in its drug pipeline, particularly with its COVID-19 treatments and other innovative therapies. The company's strategic focus on emerging markets and strong financial performance were highlighted​.
  2. Arm Holdings (ARM)
    • Sector: Technology
    • Industry: Semiconductors
    • Country: United Kingdom
    • Market Cap: $118.2 billion
    • Current Price: $108.64
    • Analyst: Bernstein
    • Upgrade: Underperform to Market Perform
    • Price Target: Increased from $92 to $100
    • Reason: Bernstein upgraded Arm Holdings due to increased confidence in its growth potential in mobile and cloud computing, particularly with the adoption of its v9 architecture.
  3. Fortinet (FTNT)
    • Sector: Technology
    • Industry: Software - Infrastructure
    • Country: USA
    • Market Cap: $54.1 billion
    • Current Price: $70.81
    • Analyst: HSBC Securities
    • Upgrade: Reduce to Hold
    • Price Target: $59
    • Reason: Fortinet's upgrade is due to strong quarterly earnings and growth in cybersecurity demand, with successful expansion into new markets enhancing its outlook​.
  4. Suncor Energy (SU)
    • Sector: Energy
    • Industry: Oil & Gas Integrated
    • Country: Canada
    • Market Cap: $50.17 billion
    • Current Price: $39.04
    • Analyst: BMO Capital Markets
    • Upgrade: Market Perform to Outperform
    • Price Target: $49
    • Reason: Suncor's upgrade reflects rising oil prices and improved operational efficiency, expected to drive financial performance​.
  5. Cognizant Technology Solutions (CTSH)
    • Sector: Technology
    • Industry: IT Services
    • Country: USA
    • Analyst: BofA Securities
    • Upgrade: Underperform to Neutral
    • Price Target: Increased from $73 to $75
    • Reason: Cognizant's strategic focus on digital transformation and its expansion of client base were key factors in the upgrade​.

Top 5 Stock Downgrades

  1. Amgen (AMGN)
    • Sector: Healthcare
    • Industry: Drug Manufacturers - General
    • Country: USA
    • Market Cap: $164.76 billion
    • Current Price: $307.14
    • Analyst: Wells Fargo
    • Downgrade: Overweight to Equal Weight
    • Price Target: Adjusted from $320 to $335
    • Reason: Concerns over competitive pressures in the biotech sector and challenges in sustaining growth led to this downgrade​.
  2. BP (BP)
    • Sector: Energy
    • Industry: Oil & Gas Integrated
    • Country: United Kingdom
    • Market Cap: $91.29 billion
    • Current Price: $33.14
    • Analyst: RBC Capital Markets
    • Downgrade: Outperform to Sector Perform
    • Price Target: $35
    • Reason: The downgrade reflects challenges in BP's transition to renewable energy and volatility in the oil market.
  3. Stellantis N.V. (STLA)
    • Sector: Consumer Cyclical
    • Industry: Auto Manufacturers
    • Country: Netherlands
    • Market Cap: $44.4 billion
    • Current Price: $15.4
    • Analyst: Jefferies
    • Downgrade: Buy to Hold
    • Price Target: $18
    • Reason: Concerns over maintaining market share amidst increased competition and regulatory pressures led to this downgrade​.
  4. Corteva (CTVA)
    • Sector: Basic Materials
    • Industry: Agricultural Inputs
    • Country: USA
    • Market Cap: $35.33 billion
    • Current Price: $51.04
    • Analyst: Argus
    • Downgrade: Buy to Hold
    • Price Target: $54
    • Reason: The downgrade was driven by uncertainties in the agricultural market and potential headwinds in pricing and supply chain.
  5. Super Micro Computer (SMCI)
    • Sector: Technology
    • Industry: Computer Hardware
    • Country: USA
    • Analyst: BofA Securities
    • Downgrade: Buy to Neutral
    • Price Target: Decreased from $100 to $70
    • Reason: Competitive pressures and challenges in maintaining growth amidst supply chain issues contributed to this downgrade.
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