Market Update Newsletter 1/24/23
- A Punkrock Capitalist
- Jan 24, 2023
- 1 min read
Markets closed higher yesterday with the NASDAQ again leading over 2%. Futures are slightly down in anticipation of some coveted tech earnings this week from Microsoft (MSFT), Tesla (TSLA), and Intel (INTC).
Johnson & Johnson (JNJ) reports a small beat in sales, and a miss in revenue, and is forecasting strong profits for 2023. The stock is higher in early trading.
Stocks to Watch
Danaher (DHR) the medical device company receives multiple price target raises and has the company has beat the S&P 500 over the last year.
Estee Lauder (EL) receives target raises and Buy ratings. China is a huge market for make-up, if Covid restrictions are easing in China Estee Lauder will benefit because 13% of their net sales are China-based.
Happy Investing!
The Punkrock Capitalist
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