Tweet of the Morning
Positions: None.
Positions: None.
Cintas ($CTAS) price target raised to $222 from $214 at Baird
Okta ($OKTA) price target raised to $215 from $180 at BarclaysPaychex price target lowered to $113 from $118 at BMO CapitalMcDonald’s price target lowered to $310 from $335 at BMO CapitalNebius upgraded to Outperform from Neutral at BNP Paribas
Okta price target raised to $220 from $200 at BofA
McDonald’s ($MCD) price target lowered to $295 from $350 at BTIGWorthington price target raised to $75 from $67 at CanaccordMeta Platforms price target raised to $885 from $770 at Citizens
Okta price target raised to $235 from $190 at DA DavidsonOkta price target raised to $240 from $185 at Evercore ISIMcDonald’s price target lowered to $300 from $320 at Evercore ISILowe’s downgraded to Hold from Buy at Gordon HaskettOkta price target raised to $227 from $188 at GuggenheimDollar General upgraded to Buy at HSBC on recovery progressOkta price target raised to $240 from $200 at Jefferies
Meta Platforms ($META) price target raised to $920 from $820 at JPMorgan
Carnival ($CCL) price target lowered to $39 from $43 at JPMorganMcDonald’s price target lowered to $260 from $280 at JPMorganTanger downgraded to Neutral from Overweight at JPMorgan
CoreWeave ($CRWV) upgraded to Overweight from Neutral at JPMorganOkta price target raised to $227 from $190 at Oppenheimer
Meta Platforms price target raised to $860 from $650 at Raymond James
Positions: None
S&P Futures: -33 vs FV.
Nasdaq Futures: -261 vs FV.
US Ten-Year Note: 5.118%
US Two-Year Note: 4.868%
US Three-Month T-Bill: 4.133%
WTI Crude: $93.70
Gold: -0.35%
Silver: -1.4%
Bitcoin: -1.01%
US Dollar Index: +0.15%
Positions: Long physical gold & silver

Positions: None.

Positions: None.

Positions: None.
Anatomy of a Bond Market Selloff
Positions: Long LMT, SNDK equity.
S&P Futures: -40 vs FV.
Nasdaq Futures: -280 vs FV.
US Ten-Year Note: 5.13%
US Two-Year Note: 4.881%
US Three-Month T-Bill: 4.133%
WTI Crude: $93.08
Gold: -0.53%
Silver: -1.12%
Bitcoin: -1.16%
US Dollar Index: +0.15%
Positions: Long physical gold & silver
Let’s break down what’s happening with bonds and how things unfolded Wednesday. Plus, two items from the ‘What the Heck’ department.