In this news article, the author highlights ten key factors to watch in the markets. These include the influence of the 10-year Treasury rate, Apple’s downgrade by KeyBanc, the declining price of earnings estimates, the role of oil in bonds, the oversupply in the bond market, and the possible Moody’s downgrade if the U.S. government shuts down in November. The article also mentions the oversold moment in the market, the declining mortgage applications, the potential growth of Halliburton, and the plans of Intel to turn its programmable chip division into a standalone business. Lastly, it mentions the strong automaker numbers and the potential for Netflix to increase prices on its ad-free plans.
In detail, Apple’s downgrade by KeyBanc raises questions about whether this could trigger a clearing event for mega-cap stocks, as Apple is trading at high multiples and a premium compared to the Nasdaq. BlackRock, however, has had its price target lowered due to a possible decline in assets under management, but remains optimistic about the company. Mortgage applications have seen a decrease, coupled with the increase in average 30-year fixed mortgage rates, which could have an impact on housing stocks. Halliburton has experienced a decline but has received support from Citi, which is looking for margin expansion. Kenvue, a spin-off of Johnson & Johnson, has seen its price target cut, but analysts still believe that the company’s strategies are solid. The article questions the buy rating on Block, despite the price cut by Citi, and explores Intel’s move to turn its programmable chip division into a separate business. The author also mentions the strong performance of automakers and the potential for Netflix to increase prices on its ad-free plans, which could drive more revenue.
Overall, the article covers a range of factors affecting the markets, from downgrades and price target reductions to mortgage application declines, and the potential impact of key company decisions and industry trends.
