analyst

Top Wall Street analyst predictions for Tuesday

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Top Wall Street analyst predictions for Tuesday

Loop has initiated coverage of AppLovin as a buy, stating that the software publisher is an indispensable infrastructure for the mobile gaming industry. They have given it a Buy rating and a $181 price target. Bernstein has initiated Costco as outperform, highlighting it as the highest quality company in their coverage. Despite trading at an … Read more

Reasons for the stock market to decline by 7% before mid-November, as predicted by a technical analyst

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Reasons for the stock market to decline by 7% before mid-November, as predicted by a technical analyst

According to technical analyst Mark Newton of Fundstrat, the stock market could experience a 7% correction by mid-November. Newton believes that investor complacency and weak seasonal trends could trigger this decline. However, he views any potential pullback as a buying opportunity, commonly known as a “buy the dip” strategy. Newton stated in a note to … Read more