Wall Street’s five-week winning streak came to an end, with the S & P 500 losing 0.42% for the week, while the Dow Jones Industrial Average lost 0.11% and the Nasdaq Composite fell 0.82%. It was a roller coaster week driven largely by inflation data. A hotter-than-expected consumer price index on Tuesday sent stocks reeling, … Read more
Palo Alto Networks CEO Nikesh Arora said Tuesday that cybersecurity demand will only intensify in 2024. He cited three reasons that highlight why investors keep pushing the Club stock to record highs. During a CNBC interview at the World Economic Forum’s annual meeting in Davos, Switzerland, Arora said that Palo Alto Networks stands to benefit … Read more
Wall Street analysts revealed bold predictions on four portfolio stocks this week, as investors digested the latest inflation data and December earnings season kicked off. Here’s a summary of each report, along with the Club’s updated take on each. Morgan Stanley Wall Street’s take: HSBC cut Morgan Stanley’s rating to hold from buy on Monday, … Read more
Palo Alto Networks this month became the first cybersecurity company to eclipse $100 billion in market value. We believe it can get plenty bigger. On Dec. 14, it traded above market cap milestone for the first time when shares hit an all-time intraday high of $318 each. The stock has yet to close above that … Read more
