Markets were closed yesterday for Martin Luther King Jr. day. Today, futures are ticking down somewhat, with Crypto staging a comeback. Bitcoin is sitting around $21k, and Ethereum is around $1,589.
Inflation is still currently around 6% but last week's CPI showed a slight decrease in prices. Bank earnings began last week and numbers are mixed. Goldman Sachs (GS) reported its worst miss in a decade and is down over 2% premarket.
Morgan Stanley (MS) beats estimates and shares are up pre-market.
Stocks to Watch
Cheesecake Factory (CAKE) is down 3% after downgrading to neutral from buy from Citi. Are consumers eating out less? Bloomin Brands (BLMN) also receives a downgrade to hold.
Abbvie's (ABBV) price target was raised by Piper Sandler and has an overweight rating. A great stock for an unpredictable market.
Netflix (NFLX) receives multiple target price raises on the heels of Wednesday, one of the platform's most popular shows to date. Competition in streaming is plenty but it seems that Netflix is the only company that has it all figured out.
Happy Investing!
The Punkrock Capitalist
Comentarios