Levi Strauss & Co. Class A
20.94 - 21.64
9.45 - 22.49
Echofin Members Consensus
US Market US closed higher yesterday, amid hopes for a swift economic recovery following the Covid-19 vaccine rollouts. Levi Strauss & Co jumped 3.0%, after a top broker raised its target price on the stock to $24 per share from $20 per share. Emergent BioSolutions climbed 2.8%, after the company together with Mount Sinai Health Systems announced the start of a new clinical program focusing on a potential treatment for Covid-19. Caterpillar rose 1.9%, after a top broker hiked its price target on the stock to $220 per share from $206 per share. Meanwhile, AMC Entertainment dropped 5.7%, after the company stated that it may sell up to 50 million shares in a new funding round to raise around $125.0 million. McCormick & Co fell 0.3%, after the company announced the acquisition of FONA International for a cash consideration of $710 million. The S&P 500 gained 0.1%, to settle at 3,732.0. The DJIA rose 0.2%, to settle at 30,409.6, while the NASDAQ advanced 0.2%, to close at 12,870.0. .
US Market US markets also closed mostly lower yesterday, following a jump in the US weekly jobless claims. Best Buy fell 1.7%, after a top broker downgraded its rating on the stock to ‘Sell’ from ‘Neutral’. Moderna slid 0.6%. The drug maker started a study involving adolescents in its coronavirus vaccine trial for use in children from the age of 12 years before the start of the 2021-22. On the flipside, Silver Spike Acquisition skyrocketed 37.3%, after the company announced that it will merge with cannabis review site, Weedmaps and take it public. Levi Strauss advanced 2.6%, after a top broker upgraded its rating on the stock to ‘Buy’ from ‘Sell’. Walt Disney rose 0.2%, following reports that the company would announce a significant amount of planned movie content and whether each movie will have exclusive theater run or will stream on Disney+. The S&P 500 slipped 0.1%, to settle at 3,668.1. The DJIA fell 0.2%, to settle at 29,999.3, while the NASDAQ added 0.5%, to close at 12,405.8. .
Rather flat morning on the futures, US dollar flat, metals flat, crude up a bit over 1%, $BIDU still finding bids at 52wk highs, $TSLA down 2%, $LEVI and $RKT back up, $QS down 7% after yesterdays massive jump, pot stocks still looking weak adding to yesterdays drop. Should be an interesting day.
US markets closed higher yesterday, helped by gains in technology sector stocks and ahead of the US corporate earnings season. Twilio climbed 7.7%, after the cloud communications platform provider announced a deal to buy customer data platform provider Segment for $3.2 billion in Twilio shares. Apple rallied 6.4%, as the company is set to unveil its iPhone lineup, which could foreshadow a robust upgrade cycle. Amazon edged up 4.8%, ahead of its annual Prime Day shopping event on 13 and 14 October. Levi Strauss advanced 3.9%, after a top broker upgraded its rating on the stock to ‘Overweight’ from ‘Equal-Weight’. PepsiCo added 2.7%, following a rating upgrade on the stock to ‘Buy’ from ‘Neutral’. General Motors rose 0.2%, after reporting a rise in China sales during the July through September quarter. The S&P 500 gained 1.6%, to settle at 3,534.2. The DJIA rose 0.9%, to settle at 28,837.5, while the NASDAQ added 2.6%, to close at 11,876.3. .
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