Many utility stocks (XLU) are offering dull upside potential due to their recent strength. However, NRG Energy (NRG) offers a potential upside of more than 11% compared to its current market price of $42.3. Analysts have given NRG Energy a median target price of $46.9. The stock has gained more than 40% over the past 12 months. Analysts seem to be positive on NRG Energy stock. Among the 11 analysts tracking NRG Energy, eight recommended a “buy,” while three recommended a “hold.” None of the analysts recommended a “sell” as of April 15.
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Recently, Edison International (EIX) stock has shown a massive uptrend. J.P. Morgan increased Edison International’s target price from $65.0 to $69.0 on April 15. SunTrust Robinson Humphrey also raised its target price from $72.0 to $77.0.
Bank of America Merrill Lynch raised CMS Energy’s (CMS) rating from “neutral” to “buy” on April 11. Analysts have given CMS Energy a median target price of $55.9 for the next 12 months. Analysts appear to be cautious on CMS Energy. Among the 16 analysts covering CMS Energy, ten recommend the stock as a “hold.”
The third-biggest utility by market cap, Dominion Energy (D) offers a dull upside potential of ~2% for the next 12 months. Credit Suisse reinstated Dominion Energy’s rating as “neutral” with a target price of $78.0 on April 12.
After Goldman Sachs (GS) posted mixed first-quarter results yesterday, KBW lowered its target price to $210 from $215, and BMO reduced it to $260 from $262.
Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.
The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.
Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.
Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.
As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.
Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.