Page 100 - Street Notes News Today

UBS recently surveyed car buyers and found that enthusiasm for electric vehicles is waning in Europe.

Deutsche Bank lowered its rating on the online pet-product provider to Hold from Buy.

Order Reprints Text size Industrial stocks like 3M could be big beneficiaries when the U.S. economy finally reopens. Angus Mordant/Bloomberg Concerns about the state of the U.S. economy finally caught up to industrial stocks—but the sector still looks like it could be one of the big beneficiaries when the U.S. economy finally reopens. It was a bad week for industrial stocks. The Industrial Select Sector SPDR exchange-traded fund (ticker: XLI) fell 0.9% this pas...

After making big gains of more than 35% in November following positive Covid vaccine news and developments, the cruise stocks have cooled off over the past month. In a research note Friday, Woronka attributed that turnaround “to multiple reasons, with perhaps the most important being a bit less optimism of late about the timing of a return to sailings out of U.S. ports.” “It’s unlikely, in our view, that entire fleets will be back in the water much before year end,” he wrote. “The c...

Ralph Laurens Fifth Avenue Polo store in New York City. Spencer Platt/Getty Images Ralph Lauren is rising early Friday after an upgrade from RBC Capital Markets, which argues that the preppy fashion brand is “poised for outperformance into 2021.” Analyst Kate Fitzsimons raised her rating on Ralph Lauren (RL) to the equivalent of Buy from the equivalent of Hold, and her target price to $138 from $77. She wrote that the move stems from her belief that Wall Street’s profi...

Oil pump jacks operate at dusk. Apu Gomes/AFP via Getty Images Energy stocks used to make up more than 10% of the S&P 500. But last year they fell below 3%. Some fund managers abandoned the sector altogether, given that it has underperformed the broader market consistently over the past decade. Why put 2% of your portfolio in energy, when you can just add another 2% of That underweighting in energy, however, may suddenly shift in 2021, some analysts are predicting. Oil suddenly loo...

Anthem could benefit as the labor market recovers, says Jefferies. Dreamstime Managed care stocks that focus on the government-funded insurance market have jumped in the week since Democrats secure control of the Senate, as investors have begun to anticipate an expansion of Obamacare, and even a public option. Shares of Centene Corporation (CNC) are up 6.5% since the market closed on January 5, while shares of Molina Healthcare (MOH) are up 3.6%. The S&P 500, which ...

The stock is up almost 400% from its low in March 2020, and Yeti easily notched a triple-digit gain for the year as a whole—a major rally that one analyst believes has left the shares fully valued.

Order Reprints Text size With comfort and athleisure dominating fashion, Foot Locker performed fairly well during the pandemic. B. Riley argues that the sneaker seller can deliver another strong year in 2021. Analyst Susan Anderson boosted her rating on Foot Locker (ticker: FL) to Buy from Neutral, and raised her price target to $58 from $39. She’s optimistic that consumers will spend their stimulus at the store and admires its tight inventory control and its stake in sne...

Snap and its social-media app Snapchat have found their sea legs and then some. The stock is outperforming rival social-media companies. And according to research published Friday by MoffetNathanson, next year is set to be another strong one for the Santa Monica, Calif.-based company, Shares of Snap (ticker: SNAP) gained 1.6% to $49.82 by early afternoon on Friday trading. Over the past six months, Snap stock has advanced 103%, compared with Facebook (FB) which has gained 5%, a...