Nvidia received another batch of upbeat Wall Street research on Tuesday. The prospect of additional oil patch consolidation also was in focus.
My top 10 things to watch Tuesday, June 4 Wall Street is heading for a lower open after a mixed session Monday, in which the S & P 500 and Nasdaq rose but the Dow fell. Weak manufacturing data weighed on stocks in the first trading day of June. Citi talked about Coterra Energy merging with Devon Energy . We own Coterra for the Club and think that the deal makes sense. The oil industry has seen a recent wave of consolidation but neither name has paired off yet.
Piper Sandler raised its Bank of America price target to $37 per share from $35. The analysts said interest income could inflect more positively. However, they kept their sell-equivalent underweight rating. In financials, we owncutting our price target on Salesforce after mixed earnings, soft guidance
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