My top 10 things to watch Monday, June 24 Wall Street was little changed Monday, the same way Friday left off. The whimper to end last week hid the hot and then cold AI trade, which briefly vaulted Club name Nvidia into the most valuable U.S. company. The Dow , which was recently in a slump, has been quietly catching up to S & P 500 and Nasdaq near record territory. The week ahead includes our Monthly Meeting for members on Thursday and the Fed's favorite inflation gauge on Friday.
Bank of America upped its price target on Broadcom to $2,150 a share from $2,000, which implies almost 30% upside from Friday's close. Analysts said Broadcom is transforming into a growth stock from so-called value status, with its AI chip business and recently acquired VMWare driving the change.to $260 a share from $227, saying the company is entering an unprecedented iPhone era.
Source: News Formal (newsformal.com)
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