The market closed slightly higher yesterday with the Nasdaq finally gaining some steam after a horrendous 2022. Futures are moderately higher in anticipation of today's Consumer Price Index, or CPI numbers, which will shed some light on how inflation is progressing. The hope is that it will slow down. Bitcoin is still above $17k.
Stocks to Watch
Apple (AAPL) receives a downgrade from Barclays. The company announced making more chips in-house, which in the future will make it less dependent on China. That's a good thing. With the Nasdaq slowly recovering, dismissing Apple is not the right move if you ask me.
AMD (AMD) receives multiple price target raises. It seems the semis might be turning around. Is the chip shortage over? What about demand? The stock dropped 50% last year.
Coinbase (COIN) receives a downgrade from Bank of America, citing consensus estimates are too high, even after the company reduced its workforce by 950 jobs. Crypto winter and FTX fallout might not be over, even with crypto holding up. The stock dropped 86% in 2022.
The Punkrock Capitalist
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