Stocks Climb on Fed Rate Cut Optimism
View original at nasdaq.comStocks Climb on Fed Rate Cut Optimism The S&P 500 Index ($SPX) (SPY) on Wednesday closed up by +0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.20%…
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Upgraded Astera Labs to buy with price target of $275
80% confidenceQ4 operating income forecast of $220-230 million
80% confidence83% of reporting S&P 500 companies exceeded forecasts, on course for best quarter since 2021
80% confidenceWill announce selection for new Fed Chair in early 2026
80% confidenceUpgraded Vertex Pharmaceuticals to overweight from equal weight with price target of $516
80% confidenceQuarterly cash dividend cut to $0.72 per share from $1.32 to preserve liquidity
80% confidence2026 comparable sales growth forecast raised to low single digits from flat
80% confidenceUpgraded Stellantis to buy from neutral with price target of $12
80% confidenceQ3 net revenue of $1.36 billion
80% confidenceQ3 earnings rose 14.6%, more than doubling expectations of 7.2% y/y
80% confidenceMicrosoft is reducing its AI software sales quotas amid consumer resistance to newer products
80% confidenceQ4 revenue forecast of $251-252 million
80% confidenceQ3 net revenue of $2.08 billion
80% confidenceQ3 adjusted EPS forecast of 40 cents
80% confidenceFull-year adjusted EPS forecast cut to $1.94-$2.04 from $2.35-$2.45
80% confidence