10 things to watch for Friday, September 27
1. this S&P 500 Index After closing at a new high on Friday, prices are expected to open slightly higher on Friday. The 10-year Treasury yield ended up lower after August data from the PCE price index, the Fed’s favorite inflation gauge. With just a few trading days left in its worst month in history, the S&P 500 is poised to post its first gain in five years in September.
2. Club Holdings costco Shares fell slightly after the company released solid fiscal 2024 fourth-quarter earnings Thursday night. The wholesale retailer’s long-awaited membership fee increase took effect on September 1, but the impact will be limited until the end of fiscal 2025 and into fiscal 2026, executives said. We raise our target price on the stock.
3. best buy The company was added to JPMorgan’s analyst focus list following a meeting with the electronics and appliances retailer’s management team. Analysts reiterated their $111 price target, calling Best Buy a “value idea” that can take advantage of the computer replacement cycle and growing TV and appliance sales as existing home sales improve. This is closely related to the club’s investment philosophy.
About The Author
