Category: Daily Diary

Netskope price target raised to $16 from $14 at JPMorgan

NTSK

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8:29 AM

JPMorgan analyst Brian Essex raised the firm’s price target on Netskope to $16 from $14 and keeps an Overweight rating on the shares. The firm adjusted targets in the security software space as part of a earnings preview. Accelerating security demand sets up a second-weighted fundamental improvement for the group, the analyst tells investors in a research note.

GitLab price target raised to $44 from $32 at JPMorgan

GTLB

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8:29 AM

JPMorgan raised the firm’s price target on GitLab to $44 from $32 and keeps a Neutral rating on the shares. The firm adjusted targets in the security software space as part of a earnings preview. Accelerating security demand sets up a second-weighted fundamental improvement for the group, the analyst tells investors in a research note.

Simply Good Foods price target lowered to $11 from $13 at TD Cowen

SMPL

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8:28 AM

TD Cowen lowered the firm’s price target on Simply Good Foods to $11 from $13 and keeps a Hold rating on the shares. The firm updated its model f and lowered estimates as they expect expect distribution losses on Atkins and OWYN and continued pressure on Quest bars to weigh heavily on volume growth.

Vivmark Residential initiated with a Sector Weight at KeyBanc

VMRK

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8:28 AM

KeyBanc analyst Austin Wurschmidt initiated coverage of Vivmark Residential with a Sector Weight rating.

Global Payments price target raised to $95 from $90 at TD Cowen

GPN

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8:27 AM

TD Cowen raised the firm’s price target on Global Payments to $95 from $90 and keeps a Hold rating on the shares. The firm updated its model following Q2 results.

FIS price target lowered to $53 from $58 at TD Cowen

FIS

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8:27 AM

TD Cowen lowered the firm’s price target on FIS to $53 from $58 and keeps a Buy rating on the shares. The firm updated its model following Q2 results.

Accenture price target raised to $173 from $151 at TD Cowen

ACN

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8:26 AM

TD Cowen analyst Bryan Bergin raised the firm’s price target on Accenture to $173 from $151 and keeps a Hold rating on the shares. The firm updated its model for its roughly $5B debt raise in July versus $6B assumed in prior model, M&A updates, and modest revisions on OM and interest income adjustments.

Wix.com price target raised to $110 from $90 at Benchmark

WIX

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8:25 AM

Benchmark raised the firm’s price target on Wix.com to $110 from $90 and keeps a Buy rating on the shares. Following about a 50% move in shares since the Q2 earnings report on August 4, the firm is updating its sum-of-the-parts analysis, but says this “still implies an undervalued stock.”

Transcat management to meet with Northland

TRNS

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8:25 AM

Investor Day and Calibration Lab Tour to be held in Cherry Hill, NJ on August 26 hosted by Northland.

DJ Transportation Average: Pivot points

$DJT

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8:24 AM

The following are the pivot points for the DJ Transportation Average. Pivot High: 21,506.37, Pivot Low: 21,312.14. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

DJ Utility Average: Pivot points

$DJU

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8:24 AM

The following are the pivot points for the DJ Utility Average. Pivot High: 1,095.87, Pivot Low: 1,088.34. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Dow Jones Industrial Average: Pivot points

DJX

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8:23 AM

The following are the pivot points for the Dow Jones Industrial Average. Pivot High: 53,626.36, Pivot Low: 53,337.41. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

iShares Transportation Average: Pivot points

IYT

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8:23 AM

The following are the pivot points for the iShares Transportation Average. Pivot High: $87.62, Pivot Low: $87.06. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Qfin downgraded to Underweight from Neutral at JPMorgan

QFIN

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8:23 AM

JPMorgan downgraded Qfin to Underweight from Neutral with a price target of $9, down from $13.50, stating that the Q2 report reflects a “worsening operating environment” and intensifying industry headwinds. Following the report, the firm cut its 2026, 2027, and 2028 EPS estimates by 36%, 27% and 12%, respectively.

Energy Select Sector SPDR: Pivot points

XLE

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8:23 AM

The following are the pivot points for the Energy Select Sector SPDR. Pivot High: $62.42, Pivot Low: $61.68. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Consumer Discretionary Sector SPDR: Pivot points

XLY

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8:22 AM

The following are the pivot points for the Consumer Discretionary Sector SPDR. Pivot High: $118.26, Pivot Low: $117.44. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

S&P Select Materials SPDR: Pivot points

XLB

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8:22 AM

The following are the pivot points for the S&P Select Materials SPDR. Pivot High: $53.93, Pivot Low: $53.29. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Utilities SPDR: Pivot points

XLU

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8:22 AM

The following are the pivot points for the Utilities SPDR. Pivot High: $43.60, Pivot Low: $43.19. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Consumer Staples Sector SPDR: Pivot points

XLP

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8:21 AM

The following are the pivot points for the Consumer Staples Sector SPDR. Pivot High: $86.76, Pivot Low: $86.00. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Hyperfine announces peer reviewed publication of NEURO PMR study

HYPR

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8:21 AM

Hyperfine announced the peer-reviewed publication of the NEURO PMR study in the Journal of Neuroimaging. NEURO PMR, or Neurological Evaluation in the Office with Portable MR, is the first prospective, multicenter, real-world study to evaluate the clinical performance and patient experience of portable MRI compared with high-field MRI in outpatient neurology clinics. With respect to clinical performance, portable MRI demonstrated 92% concordance with high-field MRI in identifying the presence or absence of structural abnormality in blinded neuroradiology review, and 98% with clinical information. In addition, patients preferred portable MRI over high-field MRI by a four-to-one margin, rating it superior on all dimensions assessed in the study, including comfort, anxiety, claustrophobia, noise and overall experience.

Health Care Select Sector SPDR: Pivot points

XLV

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8:21 AM

The following are the pivot points for the Health Care Select Sector SPDR. Pivot High: $176.44, Pivot Low: $174.66. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Lululemon price target lowered to $111 from $122 at Goldman Sachs

LULU

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8:21 AM

Goldman Sachs analyst Brooke Roach lowered the firm’s price target on Lululemon to $111 from $122 and keeps a Neutral rating on the shares. The firm’s Q2 trackers point to continued demand pressure, with weakening card spending, sentiment and traffic, deteriorating consumer metrics, elevated promotions, and moderating China growth making stabilization more uncertain, the analyst tells investors in a research note.

Positions: none