"Despite the trade war and one of the longest government shutdowns in history, markets are shrugging it all off in favor of market highs and enthusiasm over earnings season. Fueling momentum, analysts are still pounding the table over some of the market's hottest stocks. Today's Upgrades Apple ( NASDAQ: AAPL) just hit a record high on strong iPhone 17 sales and more upgrades."
"Above all, we will be focusing on Elon's commentary, particularly updates on the timing of several upcoming key material potential near-term catalysts, including: continued rollout of Robotaxi in Texas and California, ramp up of the Model 3/Y standard (lower-cost vehicle), FSD adoption in China and Europe, launch of the cybercab in 2026, and an update on the timeline for its humanoid Optimus Bot,"
Broad markets opened mixed with the S&P 500 down 0.10%, the Dow up 0.13%, and the Nasdaq down 0.30%. Markets are reaching highs despite trade tensions and a lengthy government shutdown, supported by enthusiasm over earnings season and bullish analyst activity. Apple hit a record high on strong iPhone 17 sales and received higher price targets from Goldman Sachs and Wells Fargo, citing continued iPhone demand and an expected iPhone 18 foldable. Tesla was upgraded to overweight by Cantor Fitzgerald ahead of earnings, with a focus on Robotaxi rollout, lower-cost Model 3/Y ramp, FSD adoption, cybercab launch, and Optimus Bot timing. Mizuho reiterated an outperform on Broadcom with a $435 target, citing AI ASIC leadership and expanding TAM.
Read at 24/7 Wall St.
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