"There's a good deal of chaos in markets. For one, there's unease over the Federal Reserve's interest rate decision. Traders are now pricing in a 52% chance we'll see a quarter-point cut in December, as compared to the 62.9% likelihood we saw yesterday, and 95% from last month. Two, tech stocks come under pressure on fears of a bubble, which some argue doesn't exist."
"Our new rating reflects our view that rare earths national security concerns are 'here to stay' despite China's reported one-year pause on export restrictions, with risks remaining, especially for military exposure, they said, as quoted by CNBC. MP's unique mine-to-magnet vertical integration positions the company as the ex-China leader ready to immediately begin addressing these concerns, although it will ultimately take multiple players over many years to sort out."
"Analysts at Jefferies just upgraded Gap to a buy rating, with a price target of $30. GAP is expanding into the higher-margin beauty segment, a category with a resilient growth trajectory. U.S. beauty sales are projected to reach $153B by 2029, and even a modest share capture could generate hundreds of millions in incremental revenue and deliver meaningful EBITDA upside, they added, as also quoted by CNBC."
Market volatility stems from Federal Reserve rate uncertainty and concerns about a potential tech bubble. Traders reduced odds of a December quarter-point rate cut to 52%, down from 62.9% yesterday and 95% last month. JPMorgan upgraded MP Materials to overweight with a $74 price target, citing persistent rare-earth national security concerns and MP's mine-to-magnet vertical integration positioning it as an ex-China leader. Jefferies upgraded Gap to buy with a $30 target, highlighting brand revitalization and expansion into the higher-margin beauty segment, with U.S. beauty sales projected at $153 billion by 2029. Nvidia faced bubble worries, but major analysts reiterated buy/outperform calls.
Read at 24/7 Wall St.
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