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NWK88 Male ID: 102911401
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    $Phunware (PHUN.US)$ this should close at 40?
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    What's target price and how to use them?
    Target price measure the expected performance of a stock during a given time period. Investment firms and analysts often use ratings to provide a stock recommendations to general public.
    Analysts conclude the rating and target price after completing comprehensive research on companies’ financial statements, communicating customer and executives , and all other forms of research.
    Let's take a look at what are the top stocks on different platforms and their target prices for 10/18.
    The following stocks are provided byTop 5 stocks from different platforms.
    The current stock price of $Tesla (TSLA.US)$ is $870.11, while its average target price is $700.30. The average target price indicates a 19.52% downside potential. Average target price of the company has been mostly flat since August.
    The current stock price of $AMC Entertainment (AMC.US)$ is $43.03, while its average target price is $5.44. The average target price indicates a 87.36% downside potential. Average target price of the company has been flat since July.
    The current stock price of $Apple (AAPL.US)$ is $146.55, while its average target price is $167.92. The average target price indicates a 14.58% upside potential. Average target price of the company has been rising since July.
    The current stock price of $Amazon (AMZN.US)$ is $3446.74, while its average target price is $4150.08. The average target price indicates a 20.41% upside potential. Average target price of the company has been lowering since July.
    The current stock price of $Baidu (BIDU.US)$ is $171.04, while its average target price is $253.16. The average target price indicates a 48.01% upside potential. Average target price of the company has been lowering since July.
    The current stock price of $Ford Motor (F.US)$ is $15.56, while its average target price is $15.46. The average target price almost equals the current stock price. Average target price of the company has been rising since July.
    The current stock price of $Meta Platforms (FB.US)$ is $335.34, while its average target price is $417.22. The average target price indicates a 24.42% upside potential. Average target price of the company has been rising since July.
    The current stock price of $FuelCell Energy (FCEL.US)$ is $8.74, while its average target price is $7.29. The average target price indicates a 16.59% downside potential. Average target price of the company has been lowering since July.
    The current stock price of $Alphabet-A (GOOGL.US)$ is $2855.56, while its average target price is $3165.69. The average target price indicates a 10.86% upside potential. Average target price of the company has been rising since July.
    The current stock price of $Netflix (NFLX.US)$ is $637.97, while its average target price is $630.86. The average target price almost equals the current share price. Average target price of the company has been rising since July.
    A price target is only an analyst's projection of a stock's future price. These projection are based on analysts' research and analysts could be wrong too.
    Can't find the function? Read:How to do fundamental analysis on moomoo?
    10 stocks' target price gap daily for 10/18
    10 stocks' target price gap daily for 10/18
    10 stocks' target price gap daily for 10/18
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    Stocks set for mixed start amid inflation concerns
    Asian stocks looked set for a mixed start Tuesday as investors continue to digest the prospect of tightening monetary policy to restrain a surge in inflation stoked partly by energy costs.
    Futures rose in Japan and Hong Kong and fell in Australia. The $S&P 500 Index (.SPX.US)$and $NASDAQ 100 Index (.NDX.US)$gained overnight, aided by optimism about corporate earnings. U.S. contracts fluctuated.
    JPMorgan's Kolanovic says market still misjudges reflation trade
    The recent market jitters over stagflation are "misplaced" and the shift to bargain stocks and economically sensitive companies should continue, according to $JPMorgan (JPM.US)$strategists led by Marko Kolanovic.
    The economic expansion is likely to stay above trend levels as major central banks appear to prioritize sustaining the recovery over taming inflation, they wrote in a note to clients.
    SEC says brokers enticed by payment for order flow are making trading into a game to lure investors
    Wall Street's main regulator released its highly anticipated report on the GameStop mania on Monday. The SEC said online brokerages, enticed to increase revenue through payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors.
    "Payment for order flow and the incentives it creates may cause broker-dealers to find novel ways to increase customer trading, including through the use of digital engagement practices," the agency said.
    First bitcoin futures exchange-traded fund starts trading Tuesday
    The first U.S. bitcoin futures exchange-traded fund launches on Tuesday, a milestone for the cryptocurrency industry. The ProShares ETF will provide exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather than bitcoin itself. While there's strong demand for the new asset, financial advisors urge caution before adding bitcoin futures ETFs to portfolios.
    Microsoft hits first record since August ahead of results
    $Microsoft (MSFT.US)$shares rose to their first all-time high in about two months on Monday, with the software company emerging as the first mega-cap stock to return to record levels after concerns over rising bond yields pressured the group in recent weeks. The stock rose 1% to $307.28, hitting its first intraday record since Aug. 20.
    Rent the Runway targets valuation of up to $1.5 nillion in IPO
    Rent the Runway Inc. is seeking a valuation of as much as $1.5 billion in its initial public offering next week, in what would cap a comeback for the clothing-rental business.
    The New York company is aiming to sell shares at between $18 and $21 apiece for a fully diluted valuation of $1.24 billion to $1.46 billion, it said in a securities filing Monday. The roadshow for company management and their underwriters to pitch the shares to potential investors begins Tuesday and the shares are to start trading on the Nasdaq Stock Market next Wednesday.
    State Street profit increases 29% on more assets, market gains
    $State Street (STT.US)$posted a better-than-expected quarterly profit, as market gains and new business wins lifted revenue. The custody bank’s shares were up 3% in midafternoon trading.
    State Street's net income rose 29% to $714 million, or $1.96 a share, in the third quarter. Analysts polled by FactSet had predicted a $1.92 profit. Revenue climbed to $2.99 billion from $2.78 billion in the year-ago period. Analysts expected $2.96 billion.
    No. 1 uranium miner backs physical fund in nod to robust demand
    Kazatomprom, the world's largest uranium miner, is backing a new uranium fund that aims to invest in the radioactive metal used to power nuclear reactors.
    Shares of uranium companies jumped Monday, lead by and $Cameco (CCJ.US)$, based in Saskatoon, Saskatchewan, rose as much as 8.5% in Toronto trading, while $Lakewood Exploration Inc (LWD.CA)$, Colorado-based Energy Fuels gained 9.1% in New York.
    Source: Bloomberg, WSJ, CNBC
    Wall Street Today | First bitcoin futures ETF starts trading Tuesday
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    Weekly market recap
    Friday marked the first trading day of October and the final quarter of 2021. The major averages rose that day on news of a new oral treatment for Covid-19, which boosted stocks tied to the economic reopening.
    The $S&P 500 Index (.SPX.US)$finished the month down 4.8%, breaking a seven-month winning streak. The $Dow Jones Industrial Average (.DJI.US)$and the $Nasdaq Composite Index (.IXIC.US)$fell 4.3% and 5.3%, respectively, suffering their worst months of the year.
    One of the first hurdles markets face in the new quarter is Friday's closely watched employment report, which could spur the Federal Reserve's decision on when to taper its bond-buying program.
    Here's a look at the return of S&P 500 sectors
    This week ahead in focus
    This week's highlight will be September jobs data on Friday, plus more economic data and several corporate earnings releases and investor events. PepsiCo reports its latest results on Tuesday, followed by Constellation Brands and Levi Strauss on Wednesday and Conagra Brands on Thursday. Marvell Technology and VMware will host investor days on Wednesday and Thursday, respectively. On Thursday, Tesla will hold its annual shareholder meeting. Things could get interesting: An influential proxy advisory firm has recommended that investors vote against the re-election of a pair of directors to Tesla's board, citing excessive compensation.
    On Friday, the Bureau of Labor Statistics will release U.S. employment data for September. Economists are forecasting job growth of 425,000 on average, following a 235,000 gain in August. The unemployment rate is expected to tick lower to 5.1%, from 5.2%. Other economic data out this week include the Institute for Supply Management's Services Purchasing Managers' Index for September and the Bureau of Economic Analysis' light-vehicle sales report for September, both on Tuesday.
    Monday 10/4
    $Amgen (AMGN.US)$hosts a conference call to discuss new clinical-trial data for its portfolio of inflammation drugs.
    Tuesday 10/5
    $PepsiCo (PEP.US)$reports third-quarter fiscal-2021 results.
    The Bureau of Economic Analysis reports light-vehicle sales for September. Cox Automotive forecasts a seasonally adjusted annual rate of 12.1 million vehicles sold, one million fewer than in August. If the estimate proves correct, it would be the slowest pace of auto sales since May of 2020 and down 26% from last September. Car sales have been hampered by a lack of new-vehicle inventory.
    The Institute for Supply Management releases its Services Purchasing Managers' Index for September. Consensus estimate is for a 59 reading, more than two points below the August figure.
    Wednesday 10/6
    ADP releases its National Employment report for September. Economists forecast an increase of 475,000 jobs in private-sector employment, after adding 374,000 jobs in August.
    $Constellation Brands (STZ.US)$and $Levi Strauss & Co. (LEVI.US)$report earnings.
    $Costco (COST.US)$reports sales data for September.
    $Marvell Technology (MRVL.US)$hosts a virtual investor day.
    Thursday 10/7
    $Conagra Brands (CAG.US)$and $Lamb Weston (LW.US)$hold conference calls to discuss quarterly results.
    $Leidos (LDOS.US)$hosts an investor day.
    $Vmware (VMW.US)$holds a financial analyst meeting. CEO Raghu Raghuram will be among the management team members on hand to discuss the company's strategy and products.
    $Tesla (TSLA.US)$hosts its annual meeting of shareholders. Proxy advisory firm Institutional Shareholder Services recently recommended that investors vote against the re-election of James Murdoch and Kimbal Musk to Tesla's board. ISS cited concerns about excessive compensation to named executive officers and nonexecutive directors. James Murdoch is the son of media mogul Rupert Murdoch, the executive chairman of News Corp, which owns Barron's. Kimbal Musk is the brother of Elon Musk, Tesla's CEO.
    The Department of Labor reports initial jobless claims for the week ending on Oct. 2. For September, jobless claims averaged 340,000 a week, the lowest since the onset of the pandemic, but still elevated compared with prepandemic levels.
    Friday 10/8
    The Bureau of Labor Statistics releases the jobs report for September. The economy is forecasted to have added 425,000 positions, after a 235,000 increase in August. The unemployment rate is expected to tick lower to 5.1% from 5.2%. There is still a shortfall of roughly 5.3 million jobs since the beginning of the pandemic.
    Source: CNBC, Barron's
    What to expect in the week ahead (STZ, LEVI, CAG, PEP)
    What to expect in the week ahead (STZ, LEVI, CAG, PEP)
    What to expect in the week ahead (STZ, LEVI, CAG, PEP)
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    NWK88 liked
    $Tesla (TSLA.US)$ 800 has no resistance, continue to call.
    As I said, Nasdaq will rebound around 14200 and TSLA is looking to break 800. Cheers.
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    $Coca-Cola (KO.US)$ could increase more
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