🌎 Okta Downgraded, First Solar Initiated, Newmont Upgraded and more…

🌎 Okta Downgraded, First Solar Initiated, Newmont Upgraded and…

August 29, 2024
by RJ Hamster

VIEW MY PORTFOLIO

August 29th, 2024

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Earlier this year President Biden signed the death warrant for America…

Executive Order 14067 will essentially cancel your money.

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Today’s Top Stories

Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results

US economic growth for last quarter is revised up to a solid 3% annual rate

Strange Options Secret (NOT Day Trading!) (Monument Traders Alliance)

Super Micro Computer Stock: Opportunity Dip on Short Report?

Best Buy reports another drop in quarterly sales amid cautious buying but business is stabilizing

Expanding Its “Partner Ecosystem” Could Reignite Growth at OKTA

Stock market today: Wall Street rises as market focus turns from Nvidia to US economy

Famous Stock Market Bull Issues Rare “Collapse” Warning (Stansberry Research)

Buy the Dip In NVIDIA, But Be Prepared for Volatility

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers

Foot Locker Stock Still Holds Upside for Savvy Investors

How major US stock indexes fared Wednesday, 8/28/2024

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Elon to Destroy This Trillion-Dollar Grift? (ad)

A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites.

And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.

One company holds a near-total monopoly on it.

Your Watchlist (Manage Your Watchlist and Monitor Your Portfolio)

Apple Inc. (AAPL)
Amazon.com, Inc. (AMZN)
Alphabet Inc. (GOOGL)
- (8/29) Netflix Stock Is Back At Highs With A Lot More To Come (GOOGL) (marketbeat.com)
- (8/29) Yelp Launches Antitrust Battle Against Google After Federal Ruling Declares Search Giant A Monopolist(benzinga.com)
- (8/29) Is Alphabet Inc. (GOOGL) the Best Stock to Buy According to Hosking Partners? (msn.com)
- (8/29) Moss Adams Wealth Advisors LLC Increases Stake in Alphabet Inc. (NASDAQ:GOOGL) (marketbeat.com)
- (8/29) This Undervalued Stock Could Join Nvidia in the $3 Trillion Club (fool.com)
- (8/29) Yelp sues Google for stifling competition for reviews after ‘monopolist’ ruling (proactiveinvestors.co.uk)
- (8/29) Google weighs large data centre in Vietnam, source says, in nation’s first by US big tech (reuters.com)
- (8/29) Google to let some users generate images of people after scandal (thestar.com.my)
- (8/28) Alphabet Inc. (GOOGL): Among The Best American Stocks To Buy For Foreign Investors (msn.com)
- (8/28) Here’s Why Alphabet (GOOGL) Fell More Than Broader Market (zacks.com)
Meta Platforms, Inc. (META)
- CEO Mark Zuckerberg sold 7,975 shares of Meta Platforms stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $516.36, for a total transaction of $4,117,971.00. Following the transaction, the chief executive officer now directly owns 531,884 shares of the company’s stock, valued at $274,643,622.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
- CEO Mark Zuckerberg sold 16,702 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $520.48, for a total value of $8,693,056.96. Following the completion of the sale, the chief executive officer now owns 2,657 shares in the company, valued at approximately $1,382,915.36. The transaction was disclosed in a filing with the SEC, which is available through this link.
- (8/29) Is Meta Stock A Buy As Facebook Parent Bounces Back From July Slump? (msn.com)
- (8/29) Meta says its Llama AI models being used by banks, tech companies (reuters.com)
- (8/29) Strategic Blueprint LLC Has $5.15 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)(marketbeat.com)
- (8/29) Mark Zuckerberg Sells 7,975 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock (insidertrades.com)
- (8/29) Meta closes augmented reality platform Spark for third-party providers (heise.de)
- (8/29) Analyst Says Meta Platforms (META) AI Monetization is Growing Rapidly (msn.com)
- (8/28) Some Billionaires are Selling Meta Platforms, Inc. (NASDAQ:META) Shares (insidermonkey.com)
- (8/28) Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 7,975 Shares (marketbeat.com)
- (8/28) Detalus Advisors LLC Invests $289,000 in Meta Platforms, Inc. (NASDAQ:META) (marketbeat.com)
- (8/28) US Open: Cyberbullying remains a problem in tennis. One player called it out on social media (marketbeat.com)
Microsoft Co. (MSFT)
- (8/29) Buy the Dip In NVIDIA, But Be Prepared for Volatility (MSFT) (marketbeat.com)
- (8/29) Microsoft: Ignore Short-Term Noise And Focus On The Bigger Picture (seekingalpha.com)
- (8/29) 734 Shares in Microsoft Co. (NASDAQ:MSFT) Acquired by Praetorian Wealth Management Inc.(marketbeat.com)
- (8/29) CrowdStrike bares the scars of Microsoft outage as forecast are cut (proactiveinvestors.co.uk)
- (8/28) Asian shares mostly slip as market focus turns from Nvidia to US economy (marketbeat.com)
- (8/28) Microsoft Corporation (MSFT) Deutsche Bank’s 2024 Technology Conference (Transcript) (seekingalpha.com)
- (8/28) Microsoft’s (NASDAQ:MSFT) AI Bets Pay Off As Copilot Gains Momentum (msn.com)
- (8/28) Is Microsoft Corporation (NASDAQ:MSFT) the Best AI Stock to Buy According to Hedge Funds?(finance.yahoo.com)
- (8/28) OpenAI Eyes $100 Billion Valuation (nytimes.com)
- (8/28) Report: OpenAI Seeks to Raise ‘Several Billion Dollars’ (pymnts.com)

Analysts’ Upgrades

Centrica (OTCMKTS:CPYYY) was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating.The current price is $6.64.
ENI (NYSE:E) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $39.60 price target on the stock. This represents a 20.9% upside from the current price of $32.75.
Five Below (NASDAQ:FIVE) was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $102.00 price target on the stock, down previously from $108.00. This represents a 30.6% upside from the current price of $78.13.
Foot Locker (NYSE:FL) was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $34.00 price target on the stock. This represents a 12.2% upside from the current price of $30.29.
Barrick Gold (NYSE:GOLD) (TSE:ABX) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.The current price is $20.39.
Marriott International (NASDAQ:MAR) was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $262.00 price target on the stock, up previously from $247.00. This represents a 12.9% upside from the current price of $232.15.
Mesoblast (NASDAQ:MESO) was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating.The current price is $6.45.
Neurocrine Biosciences (NASDAQ:NBIX) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $159.00 price target on the stock, up previously from $131.00. This represents a 25.2% upside from the current price of $126.98.
Newmont (NYSE:NEM) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.The current price is $53.06.
Neste Oyj (OTCMKTS:NTOIF) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating.The current price is $22.60.
Procter & Gamble (NYSE:PG) was upgraded by analysts at DZ Bank AG from a “hold” rating to a “buy” rating. They now have a $190.00 price target on the stock. This represents a 11.8% upside from the current price of $169.89.
Universal Music Group (OTCMKTS:UMGNF) was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating.The current price is $26.11.
View today’s most recent analysts’ upgrades at MarketBeat.com

Has Trump Finally Gone Too Far? (ad)

Lately, there’s been a lot of buzz around a secret loophole executive insiders are using to make millions buying and selling their own stocks.

It’s so powerful … so profitable … that most people immediately assume this is just another example of Trump doing what’s best for business executives.

But surprisingly, this loophole has been on the books for many years and executives have been using it to make HUNDREDS of millions of dollars.

And here’s the good news.

Analysts’ Downgrades

CAVA Group (NYSE:CAVA) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $110.00 price target on the stock, up previously from $90.00. This represents a 2.6% downside from the current price of $112.96.
Bancolombia (NYSE:CIB) was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $34.00 price target on the stock, down previously from $38.00. This represents a 4.8% upside from the current price of $32.45.
Equinor ASA (NYSE:EQNR) was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $25.80 price target on the stock, down previously from $30.50. This represents a 4.7% downside from the current price of $27.06.
Kohl’s (NYSE:KSS) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $19.00 price target on the stock. This represents a 1.3% downside from the current price of $19.26.
Topgolf Callaway Brands (NYSE:MODG) was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $12.00 price target on the stock, down previously from $40.00. This represents a 15.8% upside from the current price of $10.36.
Okta (NASDAQ:OKTA) was downgraded by analysts at Bank of America Co. from a “buy” rating to an “underperform” rating. They now have a $75.00 price target on the stock, down previously from $135.00. This represents a 5.5% downside from the current price of $79.40.
Reckitt Benckiser Group (OTCMKTS:RBGLY) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating.The current price is $11.66.
Repsol (OTCMKTS:REPYY) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating.The current price is $13.78.
View today’s most recent analysts’ downgrades at MarketBeat.com

Historic Crypto Drop: Time to Dive In? (ad)

Markets are volatile right now—stocks, cryptos, you name it.

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Analysts’ New Coverage

Biomea Fusion (NASDAQ:BMEA) is now covered by analysts at Capital One Financial Co.. They set an “overweight” rating and a $25.00 price target on the stock. This represents a 201.9% upside from the current price of $8.28.
Enphase Energy (NASDAQ:ENPH) is now covered by analysts at William Blair. They set a “market perform” rating on the stock.The current price is $122.98.
First Solar (NASDAQ:FSLR) is now covered by analysts at William Blair. They set a “market perform” rating on the stock.The current price is $229.10.
Firstsun Capital Bancorp (NASDAQ:FSUN) is now covered by analysts at Raymond James. They set a “market perform” rating on the stock.The current price is $42.90.
GE Vernova (NYSE:GEV) is now covered by analysts at William Blair. They set an “outperform” rating on the stock.The current price is $188.63.
Nomura (NYSE:NMR) is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating on the stock.The current price is $5.80.
Nuvalent (NASDAQ:NUVL) is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $100.00 price target on the stock. This represents a 14.8% upside from the current price of $87.10.
Patrick Industries (NASDAQ:PATK) is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $145.00 price target on the stock. This represents a 11.4% upside from the current price of $130.15.
Reynolds Consumer Products (NASDAQ:REYN) is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $38.00 price target on the stock. This represents a 20.4% upside from the current price of $31.56.
SolarEdge Technologies (NASDAQ:SEDG) is now covered by analysts at William Blair. They set a “market perform” rating on the stock.The current price is $25.79.
Tesla (NASDAQ:TSLA) is now covered by analysts at William Blair. They set an “outperform” rating on the stock.The current price is $211.37.
Take-Two Interactive Software (NASDAQ:TTWO) is now covered by analysts at Redburn Atlantic. They set a “buy” rating and a $194.00 price target on the stock. This represents a 19.7% upside from the current price of $162.13.
View today’s most recent analysts’ new coverage at MarketBeat.com

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RJ Hamster

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