Mike

Professional Trader • Market Intelligence • Nothing Posted Constitutes Investment Advice

[Mike @NYSElydone]

I am so fortunate and grateful to have such a wonderful and dedicated group who are eager to learn!

https://t.co/F76A1oSnJ6

[Mike @NYSElydone]

Notable Research/Data

$BWA upgraded to buy from neutral, tgt to $95 from $61

8:30 AM ET (CPI) Headline M/M for May…est. +0.5% (prior +0.6%)
8:30 AM ET (CPI) Headline Y/Y for May…est. +4.2% (prior +3.8%)
8:30 AM ET Core CPI M/M for May…est. +0.3% (prior +0.4%)
8:30 AM ET Core CPI Y/Y for May…est. +2.9% (prior +2.8%)
10:30 AM ET Weekly DOE Inventory Data
11:00 AM ET Cleveland Fed CPI for May
1:00 PM ET US Treasury to sell $42B in 10-year notes
2:00 PM ET Federal Budget for May

[Mike @NYSElydone]

Notable Research/Data

$APLD PT raised from $66 to $83, maintains Buy @ Needham
$FCEL upgraded from Hold to Buy W/ $30 PT (from $12) @ Canaccord

8:30 AM ET International Trade for April…est. (-$56.1B)
8:55 AM ET Johnson/Redbook Weekly Sales
10:00 AM ET Existing Home Sales M/M for May…est. 4.07M
10:00 AM ET Wholesale Inventory M/M for April…est. +0.5%
1:00 PM ET US Treasury to sell $58B in 3-year notes

[Mike @NYSElydone]

Notable Research/Data

$CBRS new Outperform W/ $300 PT @ Mizuho
$CBRS new Buy W/ $300 PT @ Needham
$CBRS Initiated Overweight and $280 PT @ BARC
$CBRS Initiate with a Buy, $340 PT @ Citi
$SNDK PT raised from $1,550 to $2,100, maintains Buy @ BAML
$MU PT raised ti $1220 from $550 @ WELLS

10:00 AM ET Employment Trends for May

[Mike @NYSElydone]

Notable Research/Data

$TSLA upgraded from Sell to Hold @ Erste
$TSLA Upgrade to Neutral (from UW), $475 PT @ JPMC
$LULU downgraded from Buy to Neutral @ BTIG

8:30 AM ET Nonfarm Payrolls for May…est. 85K (prior +115K)
8:30 AM ET Private Payrolls for May…est.85K (prior +123K)
8:30 AM ET Manufacturing Payrolls for May…est. 2K (prior -2K)
8:30 AM ET Unemployment rate for May…est. 4.3%
8:30 AM ET Average Hourly Earnings M/M and Y/Y for May…est. +0.3% (prior +0.2%)
1:00 PM ET Baker Hughes Weekly rig count data
3:00 PM ET Consumer Credit for April

[Mike @NYSElydone]

Notable Research/Data

$AVGO PT raised from $485 to $545, maintains Buy @ Benchmark
$AVGO PT raised from $480 to $530, maintains Outperform, buyers @ Mizuho
$AVGO PT raised from $450 to $530, maintains Buy @ BAML
$CRWD PT raised from $630 to $700, maintains Outperform @ Mizuho
$CRWD Raise PT to $790 from $660 and maintain Buy @ Stifel
$CRWD Raise PT to $750 from $520 and maintain Overweight @ Piper
$META Reiterate Buy, $930 PT as business agent launch expands monetization model @ Canaccord

8:30 AM ET Weekly Jobless Claims…est. 213K
8:30 AM ET Continuing Claims…est. 1.78M
8:30 AM ET Nonfarm productivity for Q1…est. +0.5%
8:30 AM ET Unit Labor Costs for Q1…est. +2.5%

[Mike @NYSElydone]

$AAOI $ARM Monday's Focus. Week finished.

[Mike @NYSElydone]

$MRVL a recent focus. It only takes 1

[Mike @NYSElydone]

Notable Research/Data

$IREN Reiterate Buy, raise PT to $79 (from $70) following Landmark $MSFT deal @ Canaccord
$SNOW Remain Overweight and raise PT to $320 @ Piper
$SNOW PT raised from $280 to $325, maintains Buy @ BTIG
$META named Top pick; $775 PT ~30% upside; With Sentiment Troughed, We Detail 4 Products/Catalysts to Drive Earnings Power and Multiple Expansion @ MSCO

8:15 AM ET ADP Private Payrolls for May…est. 117K (prior 109K)
9:45 AM ET S&P Global Composite PMI, May-final…prior 52.3
9:45 AM ET S&P Global Services PMI, May-final…prior 50.9
10:00 AM ET ISM Non-Manufacturing PMI for May…est. 53.8
10:00 AM ET Factory Orders M/M for April…est. +4.6% (prior +1.5%)

[Mike @NYSElydone]

Notable Research/Data

$AVGO PT raised from $450 to $600, maintains Buy @ HSBC
$HPE PT raised from $40 to $70, maintains Outperform @ Evercore
$HPE PT raised from $38 to $80, maintains Buy @ BAML

8:55 AM ET Johnson/Redbook Weekly Sales
10:00 AM ET JOLTs Job Openings for April

[Mike @NYSElydone]

Notable Research/Data

$IBM Initiated at Overweight and $350 PT @ BARC
$ORCL Maintain Buy, $300 PT following margin deep dive @ DBAB
$MSFT Initiate with a Market Outperform, $550 PT @ Citizens
$ASTS downgraded to hold from buy @ DBAB
$DELL upgraded to Equal weight from Underweight @ MSCO
$DELL PT raised to $500 @ GSCO
$DELL PT raised to $500 from $435 @ Mizuho

9:45 AM ET S&P Global Manufacturing PMI, May-final…prior 55.3
10:00 AM ET ISM Manufacturing PMI for May…est. 53.0
10:00 AM ET Construction Spending for April…est. +0.2%

[Mike @NYSElydone]

Notable Research/Data

$CRWD PT raised from $500 to $775, maintains Buy @ JEFF
$SNOW upgraded from Hold to Buy W/ $289 PT (from $176) @ HSBC
$DELL Raise PT to $500 from $280 @ BAML
$DELL Raise PT to $450 from $270 @ Evercore
$DELL Raise PT to $550 from $168 @ BARC
$DELL Raise PT to $500 from $280 @ JPM

8:30 AM ET Advance Goods Trade Balance for April
9:45 AM ET Chicago PMI for May

[Mike @NYSElydone]

Notable Research/Data

$SNOW PT raised from $200 to $275, Reiterate Outperform @ RAJA
$SNOW PT raised from $205 to $285, Reit Sector Outperform @ Scotia
$SNOW Raise PT to $285 from $200 and maintain Overweight @ KEYB
$SNOW Raise PT to $300 from $205 and maintain Buy @ Stifel
$MRVL PT raised from $105 to $235, maintains Strong Buy @ RAJA
$MRVL PT raised to $240, maintains Buy @ RBLT
$TTD new Sell W/ $11 PT @ Redburn
$SNDK PT raised from $1,625 to $1,825, Reit Outpeform @ Mizuho
$ARM PT raised from $290 to $360, Reiterate Outperform @ Mizuho
$NBIS PT raised to $380 from $291 @ Arete

8:30 AM ET Weekly Jobless Claims…est. 211K
8:30 AM ET Continuing Claims…est. 1.78M
8:30 AM ET Personal Income M/M for April…est. +0.4% (prior +0.6%)
8:30 AM ET Personal Spending M/M for April…prior +0.2%
8:30 AM ET PCE M/M for April…est. +0.5% (prior +0.7%)
8:30 AM ET PCE Y/Y for April…est. +3.8% (prior +3.5%)
8:30 AM ET Core PCE M/M for April…est. +0.3% (prior +0.3%)
8:30 AM ET Core PCE Y/Y for April…est. +3.3% (prior +3.2%)
8:30 AM ET Q1 GDP second estimate…est. +2.0% (prior +2%)
8:30 AM ET Q1 GDP Consumer Spending…prior +1.6%
8:30 AM ET Q1 GDP Price Deflator…est. +3.6% (prior +3.6%)
8:30 AM ET Core PCE Price index M/M for Q1…est. +4.3% (prior +4.3%)
8:30 AM ET Durable Goods Orders M/M for April…est. +3.5%
10:00 AM ET New Home Sales M/M for April…est. 665K

[Mike @NYSElydone]

Notable Research/Data

$SNDK Upgrade to Overweight, PT upped to $2,300 @ BARC
$MU PT raised to $1,175 from $675 @ BARC
$WDC PT raised to $620 from $450 @ BARC

8:55 AM ET Johnson/Redbook Weekly Sales
10:00 AM ET Richmond Fed Index for May
1:00 PM ET US Treasury to sell $70B in 5-year notes

[Mike @NYSElydone]

Notable Research/Data

$AAPL PT raised from $330 to $380, maintains Buy @ BAML
$INTC downgraded from Outperform to Market Perform @ Northland
$MU PT raised to $1625 from $535 @ UBS

9:00 AM ET Monthly Home Price index M/M for March
9:00 AM ET CaseShiller 20 City Index for March
10:00 AM ET Consumer Confidence for May
10:30 AM ET Dallas Fed Manufacturing for May

[Mike @NYSElydone]

Notable Research/Data

$NVDA Reiterate Buy, raise PT to $335 @ Benchmark
$NVDA PT raised from $275 to $300, maintains Outperform @ Mizuho
$NVDA PT raised from $320 to $350, maintains Buy @ BAML
$NVDA Raise PT to $310 from $300 and maintain Overweight @ KEYB
$NVDA PT raised to $400 from $380 @ Melius

8:30 AM ET Weekly Jobless Claims…est. 210K
8:30 AM ET Continuing Claims…est. 1.785M
8:30 AM ET Housing Starts M/M for April…est. 1.41M
8:30 AM ET Building Permits M/M for April…est. 1.385M
8:30 AM ET Philly Fed Business Index for May…est. 18.0 (prior 26.7)
9:45 AM ET S&P Global Manufacturing PMI, May-flash…est. 53.8
9:45 AM ET S&P Global Services PMI, May-flash…est. 51.1
9:45 AM ET S&P Global Composite PMI, May-flash…
10:30 AM ET Weekly EIA Natural Gas Inventory Data
11:00 AM ET Kansas City Fed Manufacturing for May…prior 10

[Mike @NYSElydone]

Notable Research/Data

$MRVL PT raised from $135 to $195, maintains Overweight @ WELLS

10:30 AM ET Weekly DOE Inventory Data
1:00 PM ET US Treasury to sell $13B in 20-year notes

[Mike @NYSElydone]

Notable Research/Data

$OKLO new Peer Perform @ Wolfe
$SNDK Reiterate Buy, raise PT to $2025 (from $1300) @ CITI
$MU PT raised from $740 to $800, maintains Outperform @ Mizuho
$AMD PT raised from $358 to $579 @ Evercore

8:55 AM ET Johnson/Redbook Weekly Sales
10:00 AM ET Pending Home Sales M/M for April

[Mike @NYSElydone]

Notable Research/Data

$AMD Raise PT to $460 from $358 and $INTC to $130 from $95 @ CITI
$NVDA Raise PT to $300 from $275 and maintain Overweight @ KEYB
$NOW reinstated Buy W/ $130 PT @ BAML
$ARM new Outperform W/ $300 PT @ Bernstein
$NBIS downgraded to neutral from buy @ DADA
$CRWV downgraded to neutral from buy @ DADA
10:00 AM ET NAHB Housing Market Index for May

[Mike @NYSElydone]

Notable Research/Data

$NVDA Reiterate Overweight, remains top pick, raise PT to $350 (from $300) @ Cantor
$NBIS Reiterate Market Outperform, raise PT to $270 (from $175) after results @ Citizens
$CSCO Raise PT to $125 from $87 and maintain Overweight @ KEYB
$HUT initiated Buy, tgt $156 @ JEFF

8:30 AM ET Weekly Jobless Claims…est. 205K
8:30 AM ET Continuing Claims…est. 1.79M
8:30 AM ET Import Prices M/M for April…est. +1.0%
8:30 AM ET Export Prices M/M for April…est. +1.1%
8:30 AM ET Retail Sales M/M for April…est. +0.5% (prior +1.7%) 8:30 AM ET Retail Sales Ex Autos M/M for April…est. +0.6% (prior +1.9%)
10:00 AM ET Business Inventories M/M for March…est. +0.8%
10:30 AM ET Weekly EIA Natural Gas Inventory Data

[Mike @NYSElydone]

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